IET 2432:Introduction to Managerial Costing

3 Class Hours 0 Laboratory Hours 3 Credit Hours
Introduces the basics of managerial costing and concepts of tracking variable costs in business production such as administrative costs, labor costs, and cost of goods sold. Includes basic managerial cycle concepts of fixed and variable cost collection, calculations, and decision-making analysis. Topics include: costing vocabulary, concepts, managerial cycle, cash control, inventory, and labor costing.