Republic of the Philippines

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND SATELLITE CAMPUSES
PULILAN CAMPUS

COURSE GUIDE

Course Code ACCO 019

Course Title COST ACCOUNTING
Credit Units 3 Units
Pre-requisite None
Course Description This course is designed to orient the students to the cost
accounting and cost management framework of business.
Topics discussed are overview of cost accounting;
manufacturing cost accounting cycle; costing methods; job and
process cost systems; accounting, planning and control for
materials, labor and overhead; accounting for joint and by-
products; and Standard Costing
Semester First Semester, Academic Year 2023-2024
Faculty Mr. John Emmanuel G. Tarog

Week (2023) Topics

Week 1 – 2 Class Orientation and Course Introduction
Overview of Cost Accounting
 Definition of Cost Accounting
 Uses of Cost Data
Week 3 – 4  Classification of Costs
 Separating Mixed Costs
Cost Accounting Cycle
 Inventory Accounts
 Flow of Manufacturing Costs
 Methods of Accumulating Product Costs
 Predetermined Overhead Rate
 Manufacturing Overhead Account
 Basic Transactions of a Manufacturing Company
 Multiple Overhead Rates
 Departmental Rate and Plant Wide Rate
 Cost of Goods Manufactured and Sold
Week 5 - 6 Cost Determination: Costing of Resource Inputs
 Raw Materials
 Perpetual and Periodic Inventory System
 Accounting for Materials – Perpetual
 Inventory Valuation Methods
 Economic Order Quantity
 Reorder Point
Luna Street, Balatong B, Pulilan, Bulacan, 3005
Website: www.pup.edu.ph | Email: pulilan@pup.edu.ph

THE COUNTRY’S 1st POLYTECHNICU

 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND SATELLITE CAMPUSES
PULILAN CAMPUS

 Stock Outs and Safety Stocks

 Just In Time and Backflush Accounting
 Factory Labor
 Rush Jobs
 Factory Payroll
 Withholding Tax Table
 SSS, PHIC and HDMF Table
 Manufacturing Overhead
 Allocation of Service Department Costs
Week 7 Activity Based Costing
 Activity Based Costing
 Traditional Costing
Week 8 Job Order Costing
 Nature of Job Order Costing
 Job Cost Sheet
 Actual Costing Method
 Normal Costing Method
 Accounting for Scrap Materials
 Production Losses in Job Order
 Standard Cost: Job Order Costing System
Week 9 Midterm Examination
Week 10 – 13 Process Costing
 Nature of Process Costing
 Distinction between Job Order and Process Costing
 Process Cost Flow
 Cost of Production Report
 WA - Single Department
 FIFO – Single Department
 WA – Multiple Departments
 Incomplete Data – FIFO
 Standard Costing in Process Cost
 Cost of Production Report – Using Standard Cost
 Lost/Spoiled Units
 Lost Units – End of Process
 Lost Units – Other Stages
Week 14 – 15 Joint and By-Product Costing
 Nature of Joint Process
 Methods of Allocating Joint Costs
 Sell or Process Further
 Inventory Valuation

Luna Street, Balatong B, Pulilan, Bulacan, 3005

Website: www.pup.edu.ph | Email: pulilan@pup.edu.ph

THE COUNTRY’S 1st POLYTECHNICU

 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND SATELLITE CAMPUSES
PULILAN CAMPUS

 Methods of accounting By-Products

Week 16 - 17 Standard Costing
 Nature of Standard Costing
 Advantages of Standard Costing
 Direct Materials Variance Analysis
 Direct Labor Variance Analysis
 Overhead Variance Analysis
Week 18 Final Examination

COURSE GRADING SYSTEM

Class Standing (70%)

Attendance 10%
Activities/Exercises/Assignments 10%
Quizzes/Summative Tests 10%
Problem Sets 10%
Recitations 30%

Midterm/Final Examinations (30%)

Final Grade = Average of Midterm Grade and Final Term Grade

REFERENCES

Rante, Gloria A., Cost Accounting & Control, 2019 ed.

Railborn and Kinney-Cost accounting principles, 2014 ed.

Prepared by:

JOHN EMMANUEL G. TAROG, CPA

Part-Time Instructor

Luna Street, Balatong B, Pulilan, Bulacan, 3005

Website: www.pup.edu.ph | Email: pulilan@pup.edu.ph

THE COUNTRY’S 1st POLYTECHNICU

 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR BRANCHES AND SATELLITE CAMPUSES
PULILAN CAMPUS

Reviewed by:

DR. MA. ELENA M. MAŇO

Head of Academic Programs

Approved by:

DR. MARILYN F. ISIP

Campus Director

Luna Street, Balatong B, Pulilan, Bulacan, 3005

Website: www.pup.edu.ph | Email: pulilan@pup.edu.ph

THE COUNTRY’S 1st POLYTECHNICU