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Accounting 303: Cost Accounting

Course Summary

Accounting 303: Cost Accounting has been evaluated and recommended for 3 semester hours and may be transferred to over 2,000 colleges and universities. Enjoy access to fun lessons that make it easy to understand cost accounting, short quizzes and other online tools designed to get you on the right path toward achieving your educational goals.
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18 Chapters in Accounting 303: Cost Accounting

18 chapters in Accounting 303: Cost Accounting

Ch 1. Cost Classifications in Accounting {{cp.topicAssetIdToProgress[256671].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Direct Cost: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[16061].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16061].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What Are Indirect Costs? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[15742].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15742].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Fixed Costs: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[9551].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9551].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Variable Cost: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[9609].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9609].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Mixed Costs: Definition & Examples Score: {{cp.lessonAssetIdToProgress[16008].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16008].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Relevant & Irrelevant Costs: Definitions & Examples Score: {{cp.lessonAssetIdToProgress[80505].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80505].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Opportunity Cost: Definition, Calculations & Examples Score: {{cp.lessonAssetIdToProgress[42916].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[42916].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Average Total Cost: Definition & Formula Score: {{cp.lessonAssetIdToProgress[9523].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9523].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Marginal Cost: Definition, Equation & Formula Score: {{cp.lessonAssetIdToProgress[9606].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9606].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Period Costs in Accounting: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15954].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15954].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Product Costs in Accounting: Definition & Examples Score: {{cp.lessonAssetIdToProgress[80503].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80503].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Prime Cost in Accounting: Definition & Formula Score: {{cp.lessonAssetIdToProgress[15983].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15983].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - Unit Cost: Definition, Formula & Calculation Score: {{cp.lessonAssetIdToProgress[60653].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[60653].bestScoreQuestions}}  Take Quiz Optional
Lesson 14 - Conversion Cost in Accounting: Definition & Examples Score: {{cp.lessonAssetIdToProgress[80504].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80504].bestScoreQuestions}}  Take Quiz Optional
Lesson 15 - Sunk Costs: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15725].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15725].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Purpose & Components of Cost Accounting Score: {{cp.lessonAssetIdToProgress[80506].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80506].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Historical Cost Accounting: Definition, Method & Advantages Score: {{cp.lessonAssetIdToProgress[16066].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16066].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Job-Order Costing System Processes Score: {{cp.lessonAssetIdToProgress[82324].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82324].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Process Costing: Definition & Examples Score: {{cp.lessonAssetIdToProgress[16058].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16058].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Variable Costing: Method, Formula & Advantages Score: {{cp.lessonAssetIdToProgress[16042].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16042].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Activity-Based Costing: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[54320].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54320].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Absorption Costing: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[15952].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15952].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Uniform Costing: Definition & Example Score: {{cp.lessonAssetIdToProgress[256675].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256675].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Multiple Costing: Definition & Calculation Score: {{cp.lessonAssetIdToProgress[256677].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256677].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Operation Costing: Definition & Calculation Score: {{cp.lessonAssetIdToProgress[256679].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256679].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Contract Costing: Definition & Example Score: {{cp.lessonAssetIdToProgress[256681].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256681].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Environmental Full Cost Accounting: Definition & Example Score: {{cp.lessonAssetIdToProgress[11469].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[11469].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - How to Calculate the Break Even Point - Definition & Formula Score: {{cp.lessonAssetIdToProgress[15788].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15788].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Target Net Income: Definition & Formula Score: {{cp.lessonAssetIdToProgress[80547].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80547].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - How to Calculate Gross Profit Margin: Definition & Formula Score: {{cp.lessonAssetIdToProgress[16005].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16005].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Contribution Margin: Definition & Formula Score: {{cp.lessonAssetIdToProgress[15974].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15974].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Variance Formulas for Cost Accounting Score: {{cp.lessonAssetIdToProgress[256685].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256685].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Calculating Beginning Inventory: Formula & Explanation Score: {{cp.lessonAssetIdToProgress[7575].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7575].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Calculate Ending Inventory: Formula & Explanation Score: {{cp.lessonAssetIdToProgress[7552].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7552].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Standard Costs: Definition & Advantages Score: {{cp.lessonAssetIdToProgress[80587].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80587].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - How Companies Set Standard Costs Score: {{cp.lessonAssetIdToProgress[80588].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80588].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Calculating Direct Materials & Direct Labor Variances Score: {{cp.lessonAssetIdToProgress[80589].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80589].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - How to Prepare & Format Variance Reports Score: {{cp.lessonAssetIdToProgress[80590].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80590].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Preparing Standard Cost Income Statements Score: {{cp.lessonAssetIdToProgress[80591].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80591].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Balanced Scorecard Approach to Performance Evaluations Score: {{cp.lessonAssetIdToProgress[80592].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80592].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Standard Cost vs. Job Order Cost Overhead & Volume Variance Score: {{cp.lessonAssetIdToProgress[80595].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80595].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Job Order Cost System: Purpose, Pros & Cons Score: {{cp.lessonAssetIdToProgress[80516].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80516].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Manufacturing Costs of Job Order Cost Systems Score: {{cp.lessonAssetIdToProgress[80517].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80517].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Job Cost Sheet: Purpose & Characteristics Score: {{cp.lessonAssetIdToProgress[80518].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80518].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Work-in-Process Inventory Account: Definition & Example Score: {{cp.lessonAssetIdToProgress[80519].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80519].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Finished Goods Inventory: Calculation & Formula Score: {{cp.lessonAssetIdToProgress[15994].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15994].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Cost of Goods: Definition & Calculation Score: {{cp.lessonAssetIdToProgress[7466].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7466].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Balance Sheet Accounts in Job Order Costing Score: {{cp.lessonAssetIdToProgress[80520].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80520].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Job Order Cost System for Service Companies Score: {{cp.lessonAssetIdToProgress[80521].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80521].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Under- or Over-Applied Manufacturing Overhead Score: {{cp.lessonAssetIdToProgress[80522].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80522].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Processing Expenses with the Process Cost System Score: {{cp.lessonAssetIdToProgress[80525].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80525].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Cost of Goods Sold Journal Entries Score: {{cp.lessonAssetIdToProgress[80526].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80526].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Drivers of Manufacturing Overhead Costs Score: {{cp.lessonAssetIdToProgress[80527].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80527].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Equivalent Units & the Weighted-Average Method Formula Score: {{cp.lessonAssetIdToProgress[80528].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80528].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - FIFO Inventory Method of Finding Equivalent Units Score: {{cp.lessonAssetIdToProgress[80529].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80529].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Preparing a Production Cost Report Score: {{cp.lessonAssetIdToProgress[80530].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80530].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Analyzing a Production Cost Report Score: {{cp.lessonAssetIdToProgress[80531].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80531].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - The Seven Steps of Activity-Based Costing Score: {{cp.lessonAssetIdToProgress[80534].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80534].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Identifying Activity-Based Cost Pools & Drivers Score: {{cp.lessonAssetIdToProgress[80535].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80535].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Allocating Overhead in Activity-Based Costing Systems Score: {{cp.lessonAssetIdToProgress[80536].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80536].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Activity Levels in an Activity-Based Costing System Score: {{cp.lessonAssetIdToProgress[80537].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80537].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Benefits & Limitations of Activity-Based Costing Score: {{cp.lessonAssetIdToProgress[80538].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80538].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Activity-Based Management (ABM): Definition & Examples Score: {{cp.lessonAssetIdToProgress[80539].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80539].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Activity-Based Costing & Service Industries Score: {{cp.lessonAssetIdToProgress[80540].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80540].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Lean Manufacturing & the Theory of Constraints Score: {{cp.lessonAssetIdToProgress[80542].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80542].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Factors Affecting the Decision to Outsource Score: {{cp.lessonAssetIdToProgress[40343].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40343].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Product & Cost Curves: Definitions & Use in Production Possibility Curves Score: {{cp.lessonAssetIdToProgress[37342].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37342].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Identifying Relevant Costs in Accepting an Order Score: {{cp.lessonAssetIdToProgress[80555].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80555].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Impact of Relevant Costs on Make-or-Buy Decisions Score: {{cp.lessonAssetIdToProgress[80556].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80556].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Relevant Costs to Selling or Processing Materials Further Score: {{cp.lessonAssetIdToProgress[80557].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80557].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Relevant Costs to Repair, Retain or Replace Equipment Score: {{cp.lessonAssetIdToProgress[80558].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80558].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Relevant Costs in Eliminating a Product or Segment Score: {{cp.lessonAssetIdToProgress[80559].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80559].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Flow of Costs without Journal Entries Score: {{cp.lessonAssetIdToProgress[82325].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82325].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Short-Run Costs vs. Long-Run Costs in Economics Score: {{cp.lessonAssetIdToProgress[37344].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[37344].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Differential Cost in Accounting: Definition, Analysis & Formula Score: {{cp.lessonAssetIdToProgress[16040].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16040].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Cost of Quality: Definition & Examples Score: {{cp.lessonAssetIdToProgress[40300].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40300].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Cost Accounting for Waste: Methods & Importance Score: {{cp.lessonAssetIdToProgress[256697].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256697].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Master Budget in Accounting: Definition, Components & Example Score: {{cp.lessonAssetIdToProgress[15966].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15966].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What Is Operating Budget? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[17193].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17193].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Sales Budget: Definition & Examples Score: {{cp.lessonAssetIdToProgress[80570].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80570].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Production Budget: Preparation & Examples Score: {{cp.lessonAssetIdToProgress[80571].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80571].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Preparing a Direct Materials Budget Score: {{cp.lessonAssetIdToProgress[80572].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80572].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Direct Labor Budget: Definition, Example & Formula Score: {{cp.lessonAssetIdToProgress[80573].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80573].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Manufacturing Overhead Budget: Definition, Preparation & Example Score: {{cp.lessonAssetIdToProgress[80574].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80574].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Preparing a Selling & Administrative Expense Budget Score: {{cp.lessonAssetIdToProgress[80575].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80575].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - What Is Capital Budgeting? - Techniques, Analysis & Examples Score: {{cp.lessonAssetIdToProgress[16051].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16051].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Major Factors Influencing the Budgeting Process Score: {{cp.lessonAssetIdToProgress[80579].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80579].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Preparing a Budgeted Income Statement Score: {{cp.lessonAssetIdToProgress[80576].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80576].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Capital Expenditure Budget: Definition & Preparation Score: {{cp.lessonAssetIdToProgress[80577].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80577].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - Preparing & Formatting a Budgeted Balance Sheet Score: {{cp.lessonAssetIdToProgress[80578].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80578].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Significance of the Relevant Range to CVP Relationships Score: {{cp.lessonAssetIdToProgress[80544].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80544].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Cost-Volume-Profit Analysis & Income Statements Score: {{cp.lessonAssetIdToProgress[80545].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80545].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Break-Even Analysis: Definition & Example Score: {{cp.lessonAssetIdToProgress[69851].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[69851].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Margin of Safety in Accounting: Definition & Formula Score: {{cp.lessonAssetIdToProgress[16021].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16021].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Computing the Sales Mix with Limited Resources Score: {{cp.lessonAssetIdToProgress[80549].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80549].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Impact of Cost Structure on Net Income Score: {{cp.lessonAssetIdToProgress[80550].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80550].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Operating Leverage: Definition, Calculation & Examples Score: {{cp.lessonAssetIdToProgress[16018].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16018].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Incremental Analysis: Definition & Examples Score: {{cp.lessonAssetIdToProgress[80554].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80554].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - What is Project Cost Management? - Definition & Importance Score: {{cp.lessonAssetIdToProgress[74153].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[74153].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Project Cost Management: Planning & Estimation Score: {{cp.lessonAssetIdToProgress[74152].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[74152].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Project Cost Management Techniques Score: {{cp.lessonAssetIdToProgress[143154].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[143154].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Variance Analysis Model in Accounting Score: {{cp.lessonAssetIdToProgress[82335].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82335].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - High-Low Method Accounting: Formula & Examples Score: {{cp.lessonAssetIdToProgress[16026].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16026].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - How to Estimate Costs Using the Scatter Graph Method Score: {{cp.lessonAssetIdToProgress[256707].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256707].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Using Regression Analysis in Business Score: {{cp.lessonAssetIdToProgress[142211].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[142211].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Cost Allocation: Definition, Terms & Examples Score: {{cp.lessonAssetIdToProgress[80509].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80509].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Direct Method of Cost Allocation: Process, Pros & Cons Score: {{cp.lessonAssetIdToProgress[80512].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80512].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Step-Down Method of Cost Allocation Score: {{cp.lessonAssetIdToProgress[80513].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80513].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Reciprocal Distribution Method of Cost Allocation Score: {{cp.lessonAssetIdToProgress[80514].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80514].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Cost Plus Pricing: Definition, Method, Formula & Examples Score: {{cp.lessonAssetIdToProgress[15875].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15875].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Cost-Benefit Analysis: Payback & Accounting Rate of Return Score: {{cp.lessonAssetIdToProgress[44840].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[44840].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Cost Classifications on Goods & Inventory Statements Score: {{cp.lessonAssetIdToProgress[82326].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82326].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Inventory Cost: Definition, Methods & Types Score: {{cp.lessonAssetIdToProgress[23185].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23185].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - The Impact of Cost Accounting on an Organization's Mission Score: {{cp.lessonAssetIdToProgress[256713].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256713].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Using Accounting Concepts to Make Business Decisions Score: {{cp.lessonAssetIdToProgress[40543].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40543].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - How to Determine Costs & Make Decisions Score: {{cp.lessonAssetIdToProgress[82341].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82341].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Cost Accounting Practices for Pricing Decisions Score: {{cp.lessonAssetIdToProgress[256715].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256715].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Managerial Decision Making: Absorption vs. Variable Costing Score: {{cp.lessonAssetIdToProgress[80551].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80551].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Differential Cost in Managerial Decision Making Score: {{cp.lessonAssetIdToProgress[80553].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80553].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Decision Making for Managers: Certainty, Risk & Uncertainty Score: {{cp.lessonAssetIdToProgress[2151].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2151].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Cost Accounting Case Study: Decision Making at Southwest Airlines Score: {{cp.lessonAssetIdToProgress[256717].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256717].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - The Importance of Ethics in Accounting Score: {{cp.lessonAssetIdToProgress[9168].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9168].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Cost Accounting Standards Board: Function & Background Score: {{cp.lessonAssetIdToProgress[256721].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256721].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Consistency in Estimating, Accumulating, and Reporting Costs Score: {{cp.lessonAssetIdToProgress[256723].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256723].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Consistency in Allocating Costs Incurred for the Same Purpose Score: {{cp.lessonAssetIdToProgress[256725].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[256725].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - The Sarbanes-Oxley Act: Definition and Explanation Score: {{cp.lessonAssetIdToProgress[15048].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15048].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Internal Controls in Accounting: Definition, Types & Examples Score: {{cp.lessonAssetIdToProgress[15040].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15040].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Ethics of Value Chain Management Techniques Score: {{cp.lessonAssetIdToProgress[146592].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[146592].bestScoreQuestions}}  Take Quiz Optional
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1. Register For Exam

Registering for the exam is simple. First, be sure you meet the system requirements. Next, you'll need to agree to the academic integrity policy. Then just confirm your name and the exam name, and you're ready to go!

2. Download Software Secure

You'll receive an unique access code. Please write this down — you'll need it to take the exam. Then download Software Secure and follow the installation instructions.

3. Take Exam

The exam contains 50 - 100 multiple choice questions. You will have two hours to complete the exam, so don't start until you're sure you can complete the entire thing. And remember to pace yourself!

4. Get Exam Results

We will send you an email with your official exam results within 1 to 2 weeks.

Earning College Credit

Did you know… We have over 95 college courses that prepare you to earn credit by exam that is accepted by over 2,000 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

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