BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.
Course Details
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.
EXAMS WILL BE HELD IN-CLASS AT THE BURNABY CAMPUS. THESE WILL BE HOSTED ON A SCHEDULED TUESDAY. THE SPECIFIC DATES FOR THESE ARE TO BE ANNOUNCED. This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
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Status
This section is only available for registration starting Wed, Oct 27 at 9:00 am (PDT)
EXAMS WILL BE HELD IN-CLASS AT THE BURNABY CAMPUS. THESE WILL BE HOSTED ON A SCHEDULED MONDAY. THE SPECIFIC DATES FOR THESE ARE TO BE ANNOUNCED. This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. Class WILL NOT be held Monday, Feb. 21st (Family Day)
Status
A portion of seats are temporarily held for domestic students.
International students: this may impact your ability to register.
Learn why.
}
Status
This section is only available for registration starting Wed, Oct 27 at 9:00 am (PDT)
Sneak Preview
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.
Effective as of Winter 2004
Related Programs
FMGT 4210 is offered as a part of the following programs:
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Registration is currently open for the Fall 2021 term.
A sneak preview of Winter 2022 term courses is also now available here.
Students may register for Winter 2022 term courses online or by phone
starting Wed, Oct 27 at 9:00 am (PDT).
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.