Manufacturing Costing for Non-Costing Manager

Course Objectives

• Understand management accounting
• Explore the concept of Standard Costs and recognize how they are developed and used.
• Explore the concept of Variances.
• Identify Material, Labor and Overhead variances and how they are calculated.
• Identify Material, Labor and Overhead variances are handled from both a performance and accounting perspective

Target Audience

Department managers, future leaders, business owners, budget owners who need to understand the costing management as well as preparing and management of budget.

Methodology

Lecture and hands on exercise to ensure understanding. Team exercise to calculate variances and perform analysis based on their findings.

Course Modules

Module 1: Introduction To Management Accounting

Module 2: Direct Cost Vs Indirect Costs

Module 3: Accounting for Factory Overhead

Module 4: Product Costing For Standard Costing

Module 5: Actual Costing

Module 6: Variance Analysis