Understanding Service Costs PREMIUM
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Learning SummaryDescription:
This training module discusses the nature of service costs and identifies the key cost elements that compose it. It compares and contrasts these cost elements to those used in manufacturing. It describes the nature of each cost element and what types of cost are included in each cost category. Finally, it discusses how you can use this cost information for decision-making purposes.
Prerequisites:
Basic Cost Concepts for Decision Making; Fixed, Variable, and Semivariable Costs, Direct and Indirect Costs, Understanding the Major Elements of Manufacturing Costs
Who should complete this module:
Managers, supervisors, entrepreneurs, and professionals in any discipline who work in distribution or manufacturing operations; CPA, CMA, CGMA, and other accounting professionals; educators and students in business and management accounting.
Learning Objectives:
In this module, you will learn to:
1. Define service costs.
2. Identify the major cost elements.
3. Compare and contrast these to manufacturing costs.
4. Describe the nature of each cost element.
5. Use these costs for decision-making purposes.
1. Define service costs.
2. Identify the major cost elements.
3. Compare and contrast these to manufacturing costs.
4. Describe the nature of each cost element.
5. Use these costs for decision-making purposes.
Competencies Acquired:
A basic understanding of how to use service costs for decision-making purposes
Program Level:
Intermediate
Duration of Video:
9:43
CPE Credit:
0.5
Delivery Method:
QAS Self Study
Field of Study:
Finance
Additional Info:
For general information regarding our training modules, including practice exercises and assessments, or information on refunds, concerns and program cancellation policies, please see our Help section under the Resources menu.
Last Revision Date:
1 Aug 2019
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