Cost Accounting is the study of control, pricing, planning, and profits. It focuses on all aspects of cost including direct and indirect costs, fixed and variable costs, product and period costs, overhead rates, absorption costing, and process costing. Cost allocation methodologies and cost assignments are also an integral part of cost accounting. Standard costing and the entire budgeting process from the sales or revenue budget to the pro-forma financial statements is also included in cost accounting.

Cost accounting principles explain why management must have a good idea as to how costs behave at different levels of operations. It provides the basis for how management perceives costs at different levels of operations and allows us to predict total production costs for units being completed. There are several methods used to estimate total these costs. Once the behavior of costs is known, predictive ability is made available. Cost accounting also includes decision making techniques such as incremental analysis, differential analysis, and capital budgeting techniques such as present value concepts. Cost Accounting allows us to understand the overall tax consequences to factor into the decision making process.

We provide comprehensive Cost Accounting tutoring for students including the following Cost Accounting topics:

• Absorption Costing
• Activity Based Costing
• Activity Cost Pool
• Actual Costing
• Allocated Direct Costs
• Allocating Joint Costs
• Balanced Scoreboard
• Capacity Management
• Capital Budgeting
• Committed Fixed Costs
• Contribution Income Statement
• Contribution Margin
• Cost Allocation
• Cost Analysis
• Cost Drivers
• Cost Estimation Models
• Cost Management
• Cost of Capital
• Cost of Goods Manufactured
• Cost Plus Pricing
• Cost Volume Profit
• Delivery Cycle System
• Depreciation Tax Shield
• Direct Costs and Indirect Costs
• Direct Cost Variances
• Direct Labor Budget
• Direct Materials Budget
• Discretionary Fixed Costs
• Duration Driver
• Economic Value Added
• FIFO
• Fixed Costs and Variable Costs
• Flexible Budget Analysis
• General Ledger
• Income Statements
• Incremental Cost Allocation Method
• Inventory Costing Methods
• Inventory Management
• Job Costing System
• Journal Entries
• JIT Purchasing
• JIT Production
• Lifecycle Budgeting
• LIFO
• Long Run Costing
• Long Run Pricing
• MACRS
• Management Control Systems
• Manufacturing Overhead Budget
• Margin of Safety
• Merchandise Purchases Budget
• Net Operating Income
• Net Realizable Value Method
• Nonlinear Cost Functions
• Nonmanufacturing Costs
• Normal Costs
• NPV, IRR, Payback Method
• Operating Budget
• Operating Income
• Opportunity Cost
• Peak Load Pricing
• Physical Measure Method
• Predetermined Overhead Rates
• Price Recovery
• Pricing and Product Mix Systems
• Process Costing
• Process Costing with Spoilage
• Product Costing
• Production Volume Variance
• Profitability Analysis
• Reciprocal Method
• Relevant Cost Analysis
• Relevant Revenue
• Revenue Analysis
• Sales Mix Variance
• Sales Quantity Variance
• Sales Variance
• Sales Volume Variance
• Short Run Costing
• Short Run Pricing
• Simple Costing System
• Splitoff Method
• Stand Alone Cost Allocation Method
• Standard Costing System
• Static Budget Variance
• Step Down Method
• Step Fixed Costs
• Step Variable Costs
• Sunk Cost
• Target Operating Income
• Target Pricing
• Transfer Pricing
• Variance Analysis
• Variable Costing
• Vertical Integration
• Weighted Average Method
• Write-Offs