Emphasizes relevant costing for decision-making, cost behaviour, cost allocation, joint and by-product costs, process costing, regression analysis, linear programming, mix and yield variances, decentralization, transfer pricing, and performance evaluation and compensation.
Both the textbook AND an assignment package are necessary in order to proceed with this course. Studetns may purchase these two items at the BCIT Burnaby bookstore or online at www.bcitbookstore.ca/distance/ . Please ensure that you have the MANDATORY prerequisites: FMGT 1100, FMGT 2100 and FMGT 3210. THIS COURSE MAY NOT BE AUDITED.
Important course information will be sent to you immediately after registering.
Check your myBCIT email account to access this
information.
Status
CRN 30785
Duration
Start any time
Continuous Entry, Distance or Online
This is a distance learning course. Start any time. You have 24 weeks from the date you register to complete this course.
Available for re-registration (course extension) only.
Departmental approval needed
This section is for students who are currently enrolled in FMGT4210 by correspondence ONLY. These students may re-register to extend their completion dates by an additional 24 weeks. This is a one-time only extension. Please email FMGT_Online@bcit.ca for department approval.
Important course information will be sent to you immediately after registering.
Check your myBCIT email account to access this
information.
1 seat remaining as of Nov 21, 2019 5:40 am (PST). Availability may change at any time.
Learning Outcomes
Upon successful completion, the student will be able to:
Describe various methods for splitting mixed costs into their variable and fixed components.
Use the High-Low method for splitting mixed costs into their variable and fixed components.
Apply the learning curve in making estimates of future costs.
Use regression analysis for splitting mixed costs into their variable and fixed components and evaluate the validity of the results.
Provide relevant costs to assist management in decision making and pricing.
Apply linear programming to assist management in the allocation of scarce resources.
Allocate costs from service departments to production departments using the direct, step and reciprocal methods.
Prepare income statements for segments of an organization using the contribution approach.
Allocate joint costs to joint products using the physical measures, sales value at split-off, relative sales value and constant gross profit percentage methods.
Provide information to assist management in deciding whether joint products should be processed beyond the split-off point.
Account for by-product revenues and costs.
Demonstrate the Weighted Average and FIFO methods of process costing.
Show how standard costs can be used in process costing.
Demonstrate how interdepartmental transfers affect Weighted Average and FIFO process costing.
Account for spoilage in process costing using both the Weighted Average and FIFO methods.
Demonstrate the use of JIT costing, Operation costing and Backflush costing.
Develop methods for controlling the costs of major projects.
Divide the Sales Volume Variance into Quantity and Mix or Market Size and Share Variances.
Compute Mix and Yield variances for direct materials and labour.
Evaluate various management control systems and the control of “Quality” and “Time”.
Evaluate the benefits and costs of decentralization.
Demonstrate three general methods for determining transfer prices.
Evaluate alternative performance measurement and compensation systems.
Registration is now open for the Winter 2020 term.
Classroom Locations
Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.