Weight | Outcomes | Applied Learning | Specialized Knowledge | Intellectual Skills | Integrative/Broad Knowledge | Civic Learning | ||
14.3% | Explain the need for accounting information in operating a business and making business decisions. | 20% | 20% | 20% | 20% | 20% | ||
14.3% | Identify and define different classifications of cost such as period and product, direct and indirect, variable and fixed. | 20% | 20% | 20% | 20% | 20% | ||
14.3% | Identify and explain various types of costing methods, such as job-order and process costing. | 20% | 20% | 20% | 20% | 20% | ||
14.3% | Compute overhead rates and apply overhead in a costing system. | 20% | 20% | 20% | 20% | 20% | ||
14.3% | Prepare journal entries to record the flow of materials, labor, and overhead through a costing system. | 20% | 20% | 20% | 20% | 20% | ||
14.3% | Compute the contribution margin and break-even point and understand the basics of a cost-volume-profit (CVP) analysis. | 20% | 20% | 20% | 20% | 20% | ||
14.3% | Compute direct material, direct labor, and variable manufacturing overhead standard cost variances and explain their significance. | 20% | 20% | 20% | 20% | 20% |