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Managerial Accounting Basics Video Lectures

Managerial Accounting Video Lectures by Professor Bassell. A discussion of managerial accounting concepts by Professor Myles Bassell. Professor Bassell discusses cost classifications and cost behavior. He explains manufacturing costs and non-manufacturing costs. Professor Bassell mentions the difference between financial and managerial accounting and product costs and period costs. He discusses the 3 components of product costs: direct materials, direct labor, and manufacturing overhead. Professor Bassell emphasizes that products costs are inventoriable costs that are included in the cost of goods sold at the time the product is sold. He discusses direct, indirect, fixed, and variable costs.

Cost Classifications

Job Order Costing, Process Costing, Job Cost Sheet

 Activity Based Costing

Activity Based Costing, Process Costing

Cost Behavior, High Low Method

Contribution Margin, Break-even point, CM Income Statement

Cost Volume Profit

Contribution Margin Ratio, Break-even point

Standard Costs and Variances

Relevant costs, Sunk Costs, Return on Investment, Cost Center

 

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