Cost accounting for materials is covered by the study of purchases, inventories, pricing methods, requisitions, and vouchers. Labor cost accounting includes the subjects of payroll systems, records and analysis. Factory overhead is analyzed from the viewpoint of variable and fixed costs, direct and service costs and methods of application. Materials, labor and overhead costs are also studied for their application to job order, process and standard costs systems. Standard variances and cost factors are also presented in the cost practice set.
Computerized output is offered along with manual preparation.
Accounting 1, or 21. Included are State and Federal unemployment and social security and workers' compensation reports. Accounting 1, or 21. Includes familiarizing students with current State and Federal laws affecting payroll, computation of payroll taxes and preparation of payroll tax returns. Successful completion of English 21 and Business 38 or equivalent skills.