Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND SATELLITE CAMPUSES
PULILAN CAMPUS
COURSE GUIDE
Course Code ACCO 019
Course Title COST ACCOUNTING
Credit Units 3 Units
Pre-requisite None
Course Description This course is designed to orient the students to the cost
accounting and cost management framework of business.
Topics discussed are overview of cost accounting;
manufacturing cost accounting cycle; costing methods; job and
process cost systems; accounting, planning and control for
materials, labor and overhead; accounting for joint and by-
products; and Standard Costing
Semester First Semester, Academic Year 2023-2024
Faculty Mr. John Emmanuel G. Tarog
Week (2023) Topics
Week 1 – 2 Class Orientation and Course Introduction
Overview of Cost Accounting
Definition of Cost Accounting
Uses of Cost Data
Week 3 – 4 Classification of Costs
Separating Mixed Costs
Cost Accounting Cycle
Inventory Accounts
Flow of Manufacturing Costs
Methods of Accumulating Product Costs
Predetermined Overhead Rate
Manufacturing Overhead Account
Basic Transactions of a Manufacturing Company
Multiple Overhead Rates
Departmental Rate and Plant Wide Rate
Cost of Goods Manufactured and Sold
Week 5 - 6 Cost Determination: Costing of Resource Inputs
Raw Materials
Perpetual and Periodic Inventory System
Accounting for Materials – Perpetual
Inventory Valuation Methods
Economic Order Quantity
Reorder Point
Luna Street, Balatong B, Pulilan, Bulacan, 3005
Website: www.pup.edu.ph | Email:
[email protected]THE COUNTRY’S 1st POLYTECHNICU
Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND SATELLITE CAMPUSES
PULILAN CAMPUS
Stock Outs and Safety Stocks
Just In Time and Backflush Accounting
Factory Labor
Rush Jobs
Factory Payroll
Withholding Tax Table
SSS, PHIC and HDMF Table
Manufacturing Overhead
Allocation of Service Department Costs
Week 7 Activity Based Costing
Activity Based Costing
Traditional Costing
Week 8 Job Order Costing
Nature of Job Order Costing
Job Cost Sheet
Actual Costing Method
Normal Costing Method
Accounting for Scrap Materials
Production Losses in Job Order
Standard Cost: Job Order Costing System
Week 9 Midterm Examination
Week 10 – 13 Process Costing
Nature of Process Costing
Distinction between Job Order and Process Costing
Process Cost Flow
Cost of Production Report
WA - Single Department
FIFO – Single Department
WA – Multiple Departments
Incomplete Data – FIFO
Standard Costing in Process Cost
Cost of Production Report – Using Standard Cost
Lost/Spoiled Units
Lost Units – End of Process
Lost Units – Other Stages
Week 14 – 15 Joint and By-Product Costing
Nature of Joint Process
Methods of Allocating Joint Costs
Sell or Process Further
Inventory Valuation
Luna Street, Balatong B, Pulilan, Bulacan, 3005
Website: www.pup.edu.ph | Email:
[email protected]THE COUNTRY’S 1st POLYTECHNICU
Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND SATELLITE CAMPUSES
PULILAN CAMPUS
Methods of accounting By-Products
Week 16 - 17 Standard Costing
Nature of Standard Costing
Advantages of Standard Costing
Direct Materials Variance Analysis
Direct Labor Variance Analysis
Overhead Variance Analysis
Week 18 Final Examination
COURSE GRADING SYSTEM
Class Standing (70%)
Attendance 10%
Activities/Exercises/Assignments 10%
Quizzes/Summative Tests 10%
Problem Sets 10%
Recitations 30%
Midterm/Final Examinations (30%)
Final Grade = Average of Midterm Grade and Final Term Grade
REFERENCES
Rante, Gloria A., Cost Accounting & Control, 2019 ed.
Railborn and Kinney-Cost accounting principles, 2014 ed.
Prepared by:
JOHN EMMANUEL G. TAROG, CPA
Part-Time Instructor
Luna Street, Balatong B, Pulilan, Bulacan, 3005
Website: www.pup.edu.ph | Email:
[email protected]THE COUNTRY’S 1st POLYTECHNICU
Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND SATELLITE CAMPUSES
PULILAN CAMPUS
Reviewed by:
DR. MA. ELENA M. MAŇO
Head of Academic Programs
Approved by:
DR. MARILYN F. ISIP
Campus Director
Luna Street, Balatong B, Pulilan, Bulacan, 3005
Website: www.pup.edu.ph | Email:
[email protected]THE COUNTRY’S 1st POLYTECHNICU
