COMM 112

Queen's

Course Overview

Lessons & Practice

1. Managerial Accounting and the Business Environment

8min

1.1.1. Managerial vs Financial Accounting3 min

1.1.2. Practice56 sec

1.2.1. Management Functions and Practices1 min

1.2.2. Practice56 sec

1.3.1. Business Process Management1 min

1.3.2. Practice

2. Cost terms, concepts & classifications

45min

2.1.1. Manufacturing Costs52 sec

2.1.2. Direct Material2 min

2.1.3. Direct Labor1 min

2.1.4. Manufacturing Overhead39 sec

2.1.5. Practice56 sec

2.2.1. Product Costs51 sec

2.2.2. Period Costs40 sec

2.2.3. Practice56 sec

2.3.1. Variable vs Fixed vs Mixed Costs4 min

2.3.2. Practice56 sec

2.3.3. High-Low Method1 min

2.3.4. Example2 min

2.3.5. Practice2 min

2.4.1. The Cost Flow1 min

2.4.2. Example2 min

2.4.3. Practice2 min

2.5.1. Work in Process Inventory1 min

2.5.2. Example2 min

2.5.3. Practice2 min

2.5.4. Cost of Goods Manufactured Schedule24 sec

2.5.5. Example3 min

2.5.6. Practice1 min

2.6.1. Finished Goods Inventory57 sec

2.6.2. Example2 min

2.6.3. Practice2 min

2.7.1. The Income Statement1 min

2.7.2. Example3 min

2.7.3. Practice1 min

4. Job-Order Costing

36min

4.1.1. What is Job Costing?2 min

4.2.1. Predetermined Overhead Rate3 min

4.2.2. Example2 min

4.2.3. Example2 min

4.2.4. Practice2 min

4.2.5. Practice1 min

4.3.1. Over- or Under-Applying Manufacturing Overhead1 min

4.3.2. Example1 min

4.3.3. Practice1 min

4.4.1. Adjusting Manufacturing Overhead - COGS Method2 min

4.4.2. Example1 min

4.4.3. Practice2 min

4.5.1. Adjusting Manufacturing Overhead - Proration Method

4.5.2. Example2 min

4.5.3. Practice4 min

4.6.1. Job-order Costing Income Statement

4.6.2. Example4 min

4.6.3. Practice5 min

5. Process Costing

39min

5.1.1. What is Process Costing?3 min

5.2.1. The Weighted-Average Method40 sec

5.2.2. Equivalent Units Using the Weighted Average Method3 min

5.2.3. Example5 min

5.2.4. Example2 min

5.2.5. Example1 min

5.2.6. Practice2 min

5.3.1. Unit Costs and Cost Reconciliation

5.3.2. Example6 min

5.3.3. Practice4 min

5.4.1. First-in, First-out (FIFO)

5.4.2. Equivalent Units Using the FIFO Method

5.4.6. Practice4 min

5.5.1. FIFO Unit Costs and Cost Reconciliation

5.5.2. Example9 min

5.5.3. Practice

6. Activity Based Costing

23min

6.I. Chapter Intro40 sec

6.2.1. What is Activity-Based Costing?3 min

6.2.2. Value-Added vs Non-Value Added Activities1 min

6.2.3. Activity-Level Groups

6.2.4. Example Problem: Activity-Based Costing8 min

6.2.5. Traditional Costing1 min

6.2.6. Example Problem: Traditional Costing5 min

6.2.7. Practice Question: ABC & Traditional Costing4 min

6.Q. Checkpoint Quiz3 Qns

7. Variable vs Absorption Costing

24min

7.I. Chapter Intro1 min

7.1.1. Absorption and Variable Costing2 min

7.1.2. Income Statements4 min

7.1.3. Example: Absorption Costing6 min

7.1.4. Example: Variable Costing5 min

7.1.5. Example: Reconciling3 min

7.1.6. Practice: Absorption and Variable Costing3 min

7.Q. Checkpoint Quiz5 Qns

8. Budgeting

42min

8.I. Chapter Intro54 sec

8.1.1. Types of Budgets4 min

8.1.2. Flexible vs Static Budget10 min

8.1.3. Example: Preparing a Flexible Budget9 min

8.1.4. Example: Preparing a Flexible Budget Performance Report7 min

8.1.5. Example: Preparing a Comprehensive Budget Performance Report5 min

8.1.6. Practice: Comprehensive Budget Performance5 min

8.Q. Checkpoint Quiz4 Qns

9. Standard Costing & Variance Analysis

17min

9.I. Chapter Intro1 min

9.1.1. What are Standard Costs and Variances?2 min

9.1.2. Example Problem: Direct Material Variances3 min

9.1.3. Example Problem: Direct Labour Variances

9.1.4. Example Problem: Variable Overhead Variances3 min

9.1.5. Practice Question: Variances9 min

9.Q. Checkpoint Quiz4 Qns

10. Relevant Costs for Decision Making

44min

10.I. Chapter Intro1 min

10.1.1. What is Incremental Analysis2 min

10.1.2. Special Orders1 min

10.1.3. Example Problem: Special Order6 min

10.1.4. Practice Question: Special Order3 min

10.1.5. Make or Buy2 min

10.1.6. Practice Question: Make or Buy5 min

10.1.7. Example Problem: Make or Buy2 min

10.1.8. Sell or Process Further3 min

10.1.9. Example: Sell or Process Further2 min

10.1.10. Practice: Sell or Process Further4 min

10.1.11. Allocating Limited Resources2 min

10.1.12. Example: Allocating Limited Resources7 min

10.1.13. Practice: Allocating Limited Resources4 min

10.Q. Checkpoint Quiz4 Qns

Mock Exam

ME.1. Mock Exam22 Qns

ME.1 Mock Exam

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