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    This document provides an overview of the key topics and learning outcomes for Learning Unit 2: Cost Estimation and Cost Behaviour. It includes three themes: 1) Cost Behaviour, which involves classifying costs, estimating costs using different techniques, and calculating correlation and determination coefficients using regression analysis. 2) The Learning Curve, which involves using the learning curve to calculate labour hours and incremental costs. 3) Activity-Based Costing (ABC), which involves describing ABC and traditional costing methods, identifying suitable environments for ABC implementation, and using ABC to allocate overheads. Reference materials from the Drury textbook and concept videos are provided to support learning of each theme.

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    This document provides an overview of the key topics and learning outcomes for Learning Unit 2: Cost Estimation and Cost Behaviour. It includes three themes: 1) Cost Behaviour, which involves classifying costs, estimating costs using different techniques, and calculating correlation and determination coefficients using regression analysis. 2) The Learning Curve, which involves using the learning curve to calculate labour hours and incremental costs. 3) Activity-Based Costing (ABC), which involves describing ABC and traditional costing methods, identifying suitable environments for ABC implementation, and using ABC to allocate overheads. Reference materials from the Drury textbook and concept videos are provided to support learning of each theme.

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    © All Rights Reserved
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    4 views1 page

    Lesson Plan - LU2

    Uploaded by

    arronyeagar
    This document provides an overview of the key topics and learning outcomes for Learning Unit 2: Cost Estimation and Cost Behaviour. It includes three themes: 1) Cost Behaviour, which involves classifying costs, estimating costs using different techniques, and calculating correlation and determination coefficients using regression analysis. 2) The Learning Curve, which involves using the learning curve to calculate labour hours and incremental costs. 3) Activity-Based Costing (ABC), which involves describing ABC and traditional costing methods, identifying suitable environments for ABC implementation, and using ABC to allocate overheads. Reference materials from the Drury textbook and concept videos are provided to support learning of each theme.

    Copyright:

    © All Rights Reserved
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    Flag for inappropriate content
    of 1

    Module Code: MFAC7319

    Learning Unit 2: Cost estimation and cost behaviour


    Themes and learning outcomes Textbook (Drury) reference Concept videos VC Learn and
    textbook activities
    Theme 1: Cost behaviour Chapter 4 Cost behaviour - Part 1 VC Learn
     Classify costs in terms of cost  Assignment of direct and indirect costs (Video from MFAC6211) Activity 2.1.1
    behaviour principles  Different costs for different purposes https://youtu.be/wu0szNweslM
     Estimate costs using different Chapter 3 Drury textbook
    techniques  General principles applying to estimating cost functions Cost behaviour - Part 2 Question 4.1 – 4.8
     Calculate the correlation coefficient  Cost estimation methods (Video from MFAC6211) Question 3.1 - 3.14
    when using regression analysis  Tests of reliability https://youtu.be/ Question 3.15 - 3.17
     Calculate the coefficient of  Relevant range and non-linear cost functions 3MBysM0eF7E
    determination when using regression  A summary of the steps involved in estimating cost functions Drury Student Manual
    analysis Question 3.1 – 3.3
    Note: The least-square formulas and correlation coefficient Question 4.1 – 4.10
    formula will be provided in assessments.
    Theme 2: The Learning Curve Chapter 3 Learning Curve VC Learn
     Make use of the learning curve to  Cost estimation when the learning effect is present https://youtu.be/04vYWjyjarg Activity 2.2.1
    calculate labour hours  Estimating incremented hours and incremental cost
    Example - Learning Curve Drury textbook
    https://youtu.be/f3BtUJBNI1w Question 3.15

    Drury Student Manual


    Question 3.5 – 3.7
    Theme 3: Activity-Based-Costing (ABC) Chapter 5 ABC VC Learn
     Describe the differences between  The need for a cost accumulation system in generating (Video from MFAC6211) Activity 2.3.1
    activity-based costing (ABC) and the relevant cost information for decision-making. https://youtu.be/L0ndqbbrZP4
    traditional costing method  Types of cost system Drury textbook
     Identify the environment which is  A comparison of traditional and ABC systems Question 5.1 – 5.21
    suitable for the implementation of an  The emergence of ABC systems
    ABC system  Volume-based and non-volume-based cost drivers Drury Student Manual
     Discuss the use of ABC in service and  Designing ABC systems Question 5.1 – 5.8
    other organisations  Activity hierarchies
     Use Activity Based Costing to allocate  Cost versus benefit considerations
    overheads  Time-driven ABC

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