Adv Cost

This page is for students of ProfAlbrecht’s Advanced Cost Accounting course (Cost 2) at La Sierra University Zapara School of Business.  This course is taught during fall quarter, 2014.

Advanced Cost Accounting is for students who have already taken an undergraduate level cost accounting.

On this page you will find copies of all documents for the class.

Syllabus

• 2014 Fall [s-cost2.2014.fall.pdf]
• Persuasive paper (productivity or balanced scorecard]
• Reciprocal/step allocation [s-cost2.2014.project.reciprocal-step-alloc.pdf]
• Persuasive paper (ABC, GPK, RCA) [s-cost2.2014.fall.paper.abc-gpk-rca.pdf]

Week 9 December 4, 2014

• Topics
  • Capital budgeting (review HW if needed)
  • Productivity (work through HW)
  • Quality (work through HW)
  • Balanced scorecard (discussion and HW)
  • Kaizan (discussion and HW)
• Reading
  • Balanced scorecard–textbook chap 16
  • Kaizan–textbook chap 13
  • Sustainability–textbook chap 17
• Homework
  • Quality costs [s-cost2.2014.fall.hw.quality.pdf]
  • Balanced scorecard (16–20, 26, 27, 30)
  • Kaizan (13–23, 24, 25, 26, 30)

Week 8 November 20, 2014

Week 7 November 13, 2014

• Midterm exam
  • Sample test [s-cost2.2014.fall.sample_test_1.pdf] Solutions [s-cost2.2014.fall.sample_test_1.sol.pdf]
  • Actual test [] Solutions []

Week 6 November 6, 2014

• Topics
  • Introduction to productivity
  • Capital budgeting
• Reading
  • Killough/Leininger (1987) chapter 19
• Notes not available
  • Capital budgeting [s-cost2.2014.fall.notes.cap_bud.pdf]
• Homework on productivity
  • Problems [s-cost2.2014.fall.hw.productivity.pdf]
  • Solutions [s-cost2.2014.fall.hw.productivity.sol.pdf]
• Homework on capital budgeting
  • Problems [s-cost2.2014.fall.hw.cap_bud.pdf
  • Solutions [s-cost2.2014.fall.hw.cap_bud.sol.pdf]

Week 5 October 30,2014

• First paper due
• Topics
  • Process costing
• Reading
  • EW chapter 6

Week 4 October 23, 2014

• Topics
  • joint costs
  • introduction to process costing
• Reading
  • EW chapter 6
• Notes not available
• Homework for week 5
  • Problems [s-cost2.2014.fall.hw.process_costing.pdf]
  • Solutions [s-cost2.2014.fall.hw.process_costing.sol.pdf]

Week 3  October 16, 2014

• Topics:
  • conclusion — reciprocal allocation
  • step and direct allocation
  • introduction to joint costs
• Reading:
  • EW chapter 9
• Notes:
  • Joint costs [s-cost2.2014.fall.notes.joint_costs.pdf]
• Homework for week 4
  • Problems [s-cost2.2014.fall.hw.joint_costs.pdf] updated
  • Solutions [s-cost2.2014.fall.hw.joint_costs.sol.pdf]

Week 2   October 9, 2014

• Topics:
  • conclusion — variances
  • review of matrix operations
  • reciprocal cost allocation
  • step and direct cost allocation
• Reading:
  • EW chapter 8
• Notes
  • review of matrix operations
  • reciprocal allocation [s-cost2.2014.fall.notes.reciprocal_allocation.pdf] corrected
  • step and direct allocations
• Homework for week 3
  • Problems [s-cost2.2014.fall.hw.recip-step-dir.pdf] P20, from S5 to P2 should be 23%.
  • Solutions [s-cost2.2014.fall.hw.recip-step-dir.sol.pdf] P20 completed

Week 1  October 2, 2014

• Topics:
  • cost variances (material, labor, overhead)
  • revenue and contribution margin variances
  • mix and yield variances for costs
• Reading:
  • EW chapter 10 (if needed for flexible budget coverage)
  • EW chapter 11
  • Louderback/Hirsch (1982) pp. 304-305
• Notes: probably not
• Homework for week 2
  • Problems 1-11, textbook [s-cost2.2014.fall.hw.variances.pdf]
  • Problems 12A, 12B, 12C  [s-cost2.2014.fall.hw.variances.12.pdf] revised, corrected
  • Solutions 1-11, textbook [s-cost2.2014.fall.hw.variances.sol.1-11.pdf] P1, P7 corrected
  • Solutions 12A, 12B, 12C [s-cost2.2014.fall.hw.variances.sol.12.pdf]