Log inSign up
Course

Cost Accounting

Get personalized support from expert tutors and AI-powered study tools.

Personalized practice Exam · Set a test date 11 units · 98 topics
Generate study planExplore skills
Your study plan
Free with a Varsity Tutors account
Free
Turn this Cost Accounting outline into a plan
A week-by-week plan
Paced to your test date and rebuilt whenever your Cost Accounting scores move.
A score projection
See where you stand today and what each study block is worth.
Progress that sticks
Lessons, flashcards, and quizzes tracked in one place, on every device.
Create your free plan
Takes a minute · No credit card required
Your next tutoring session · Cost Accounting prep Ready when you are
No upcoming Cost Accounting tutoring session scheduled
Book a tutoring session when you are ready to work with an expert.
Book a tutor

Ways to study

Subject resources
Long-form
Long-form Lessons
Open lessons
2,012 questions
Quizzes
Take a quiz
1 test
Full-length Practice Tests
Start a test

Cost Accounting

Practice 98 skills across this outline.

Recommended next
Return on Investment (ROI)
Performance Measurement and Control · Investment Center Metrics
Long-form lesson
Weighting distribution
25 categories
Professional Judgment and Ethics
9%
Performance Measurement and Control · Investment Center Metrics
7%
Decision Making Using Cost Information · Relevant Costs for Short-Term Decisions
6%
Foundations of Cost Accounting · Cost Concepts and Terminology
6%
Budgeting and Planning · Flexible Budgets and Performance Reports
6%
Cost Behavior and Cost-Volume-Profit · CVP Analysis
6%

Skills

The comprehensive taxonomy of cost accounting — drill into a card to work its skills.

Performance Measurement and Control · Investment Center Metrics

3 core skills7% total weight
0/3 completed
3 skills to mastery
1
Return on Investment (ROI)Recommended
37 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Economic Value Added (EVA)Available
30 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Residual Income (RI)Available
8 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Performance Measurement and Control · Responsibility Accounting

3 core skills2% total weight
0/3 completed
3 skills to mastery
1
Controllable vs. Noncontrollable CostsAvailable
10 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Responsibility CentersAvailable
10 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Responsibility Center ReportsAvailable
7 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Overhead Allocation and Activity-Based Costing · Service Department Cost Allocation

3 core skills2% total weight
0/3 completed
3 skills to mastery
1
Step-Down Method AllocationAvailable
7 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Direct Method AllocationAvailable
9 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Reciprocal MethodAvailable
28 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Overhead Allocation and Activity-Based Costing · Activity-Based Costing (ABC)

4 core skills4% total weight
0/4 completed
4 skills to mastery
1
Interpreting ABC ResultsAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
ABC Activities & DriversAvailable
26 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
ABC Activity Rates & AssignmentAvailable
13 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Traditional vs. ABC CostingAvailable
23 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Overhead Allocation and Activity-Based Costing · Traditional Overhead Allocation

3 core skills3% total weight
0/3 completed
3 skills to mastery
1
Departmental Overhead RatesAvailable
14 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Plantwide Overhead RateAvailable
22 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Allocation Base ConsequencesAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Decision Making Using Cost Information · Relevant Costs for Short-Term Decisions

6 core skills6% total weight
0/6 completed
6 skills to mastery
1
Further Processing DecisionsAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Drop/Keep DecisionsAvailable
1 question 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Qualitative Factors in DecisionsAvailable
30 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Relevant vs. Irrelevant CostsAvailable
25 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
5
Special Order DecisionsAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
6
Make-or-Buy DecisionsAvailable
11 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Decision Making Using Cost Information · Constraints and Optimization

3 core skills3% total weight
0/3 completed
3 skills to mastery
1
CM Per Constraint UnitAvailable
18 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Throughput & Bottleneck DecisionsAvailable
5 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Identifying ConstraintsAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Foundations of Cost Accounting · Cost Concepts and Terminology

7 core skills6% total weight
0/7 completed
7 skills to mastery
1
Cost Categories for DecisionsAvailable
7 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Cost Classification by FunctionAvailable
42 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Manufacturing vs. NonmanufacturingAvailable
28 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Cost Objects, Pools & DriversAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
5
Direct vs. Indirect CostsAvailable
28 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
6
Product vs. Period CostsAvailable
27 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
7
Cost Behavior ClassificationAvailable
23 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Foundations of Cost Accounting · Cost Flows and Inventory Accounts

4 core skills3% total weight
0/4 completed
4 skills to mastery
1
Manufacturing Cost Flow EntriesAvailable
20 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Schedule of COGSAvailable
17 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Schedule of COGMAvailable
19 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Tracing Cost FlowsAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Budgeting and Planning · Flexible Budgets and Performance Reports

4 core skills6% total weight
0/4 completed
4 skills to mastery
1
Performance ReportsAvailable
24 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Preparing Flexible BudgetsAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Budget Variances with Flexible BudgetsAvailable
5 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Static vs. Flexible BudgetsAvailable
27 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Budgeting and Planning · Master Budget Components

5 core skills4% total weight
0/5 completed
5 skills to mastery
1
Sales & Production BudgetsAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Operating BudgetsAvailable
15 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Cash BudgetsAvailable
3 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Budgeted Financial StatementsAvailable
7 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
5
Selling & Administrative BudgetsAvailable
4 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Cost Accumulation Systems · Job-Order Costing

5 core skills3% total weight
0/5 completed
5 skills to mastery
1
Assigning Costs to JobsAvailable
22 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Under/Overapplied OverheadAvailable
2 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Job Cost ComputationAvailable
18 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Predetermined Overhead Rate (POR)Available
28 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
5
Job-Order Costing EntriesAvailable
27 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Cost Accumulation Systems · Process Costing

6 core skills4% total weight
0/6 completed
6 skills to mastery
1
Equivalent Units (Weighted-Average)Available
23 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Process Costing: Cost AssignmentAvailable
5 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Process Costing OverviewAvailable
30 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
FIFO vs. Weighted-AverageAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
5
Cost Per Equivalent UnitAvailable
14 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
6
Process Costing Production ReportAvailable
5 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Cost Accumulation Systems · Hybrid and Contemporary Costing Approaches

3 core skills2% total weight
0/3 completed
3 skills to mastery
1
Throughput CostingAvailable
10 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Backflush Costing & JITAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Operation CostingAvailable
27 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Cost Behavior and Cost-Volume-Profit · CVP Analysis

7 core skills6% total weight
0/7 completed
7 skills to mastery
1
Break-Even PointAvailable
37 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Contribution MarginAvailable
22 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Operating LeverageAvailable
38 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Margin of SafetyAvailable
35 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
5
CVP Sensitivity AnalysisAvailable
2 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
6
Target ProfitAvailable
23 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
7
CVP with Sales MixAvailable
11 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Cost Behavior and Cost-Volume-Profit · Cost Behavior and Estimation

4 core skills3% total weight
0/4 completed
4 skills to mastery
1
Separating Mixed CostsAvailable
25 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Cost Functions & DriversAvailable
27 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
High-Low MethodAvailable
3 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Cost Behavior & Relevant RangeAvailable
26 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Professional Judgment and Ethics

3 core skills9% total weight
0/3 completed
3 skills to mastery
1
Professional Skepticism & DocumentationAvailable
20 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Ethical Issues in CostingAvailable
30 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Budget Gaming & Cost DistortionAvailable
30 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Pricing and Profitability · Cost-Based Pricing

3 core skills5% total weight
0/3 completed
3 skills to mastery
1
Cost-Plus PricingAvailable
24 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Target Costing & Value EngineeringAvailable
27 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Life-Cycle CostingAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Pricing and Profitability · Customer and Product Profitability

3 core skills4% total weight
0/3 completed
3 skills to mastery
1
Customer Profitability AnalysisAvailable
11 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Cross-Subsidization RiskAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Product-Line ProfitabilityAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Special Topics · Service and Not-for-Profit Costing

3 core skills3% total weight
0/3 completed
3 skills to mastery
1
Service Cost AllocationAvailable
10 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Service Pricing & CapacityAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Service Cost StructuresAvailable
30 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Special Topics · Joint Products and Byproducts

4 core skills6% total weight
0/4 completed
4 skills to mastery
1
Joint Costs: Physical UnitsAvailable
23 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Joint Costs vs. Further ProcessingAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Joint Costs: Sales ValueAvailable
20 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
4
Net Realizable Value MethodAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Standard Costing and Variance Analysis · Direct Labor Variances

3 core skills2% total weight
0/3 completed
3 skills to mastery
1
Direct Labor Efficiency VarianceAvailable
19 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Interpreting DL VariancesAvailable
27 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Direct Labor Rate VarianceAvailable
18 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Standard Costing and Variance Analysis · Overhead Variances

3 core skills3% total weight
0/3 completed
3 skills to mastery
1
Interpreting Overhead VariancesAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Variable Overhead VariancesAvailable
21 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Fixed Overhead VariancesAvailable
24 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Standard Costing and Variance Analysis · Direct Materials Variances

3 core skills2% total weight
0/3 completed
3 skills to mastery
1
Interpreting DM VariancesAvailable
29 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Direct Materials Quantity VarianceAvailable
0 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems — not available yet
3
Direct Materials Price VarianceAvailable
25 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

Standard Costing and Variance Analysis · Standards and Standard Costs

3 core skills3% total weight
0/3 completed
3 skills to mastery
1
Standard Cost Per UnitAvailable
24 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
2
Standard Quantities & PricesAvailable
22 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems
3
Practical vs. Ideal StandardsAvailable
30 questions 0 flashcards Lesson available
Long-form lessonSlide-style lessonFlashcards — not available yetPractice problems

No Cost Accounting classes or courses found here yet

Open the full catalogs to browse everything currently available.

Related Cost Accounting tutors

Browse tutors who can help with this subject.
View all tutors
Expert tutoring

No related Cost Accounting tutors found

Browse the full gallery to find a vetted expert who can help with Cost Accounting.