RSM222H1 : RSM 222 Course Review docx
Document Summary
Job order costing: process costing, standard costing, gaap external reporting, budgeting, variance analysis, cost/volume /profit analysis, high/low, regression analysis, make or buy ( outsourcing, keep or drop product line, analysis of processing a joint product past the split off point. Notes: can be used for any type of business segment ( product, geographical location, customer, etc, costs direct to segment ( both fixed and variable) are those that will disappear when segment disappears and are included in the segment margin, all other costs are common costs which should not be allocated to. Activity based costing ( abc) any segment: this type of analysis cannot be used for external ( gaap) reporting, focuses on fixed costs and attempts to discover the underlying cost drivers which are usually not volume ( unit ) related, allocates costs previously treated as fixed more accurately to cost objects.
