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ACCT10003- Midterm Exam Guide - Comprehensive Notes for the exam ( 175 pages long!)


Department
Accounting
Course Code
ACCT10003
Professor
Freeman
Study Guide
Midterm

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UniMelb
ACCT10003
MIDTERM EXAM
STUDY GUIDE

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Strategic Cost Management
ACCT90009
Seminar 2
Job Costing
1
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Seminar 2: Job Costing
2
How much does it cost?
Learning Objectives
» To understand the nature of costing systems
» To be able to distinguish between job costing and
process costing
» To distinguish actual costing from normal costing
» To understand the purpose and design issues in both
service and manufacturing contexts
» To understand how the steps in the production
process are tracked in a job costing system
» To understand the alternative methods of disposing of
under or over allocated overhead.
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