Learn the essentials of cost accounting, including cost behavior, estimation, allocation, and decision-making techniques

What you'll learn
Introduction to Cost Accounting: Understanding the basics and importance of cost accounting.
Direct and Indirect Costs: Differentiating between direct and indirect costs and their applications.
Cost Behavior: Analyzing how costs change with variations in production levels.
Cost Estimation Techniques: Using methods such as High-Low and Cost-Volume-Profit (CVP) analysis for accurate cost predictions.
Types of Costing: Exploring job costing, batch costing, and activity-based costing.
Cost Allocation: Learning methods for allocating costs to different departments and products.
Marginal Costing for Decision Making: Applying marginal costing concepts to make informed business decisions.
Process Costing: Understanding the principles and methods of process costing and its applications.
Break-Even and Target Profit Analysis: Conducting break-even analysis and calculating target profits.
Opportunity Cost and Cost Indifference: Evaluating opportunity costs and analyzing cost indifference for better decision-making.

Requirements
Basic Financial Accounting

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