Course Learning Objectives

By the end of this section, you will be able to:

• Compare and contrast financial vs. managerial accounting.
• Apply accounting procedures for manufacturing businesses.
• Calculate product costs and track product cost flows.
• Analyze product costs for planning and decision making.

Specific Learning Outcomes

• Explain the role of variable costing.
• Compute unit cost under both absorption and variable costing.
• Prepare and analyze an income statement using absorption and variable costing.