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Cost Accounting Lesson Plan for Students

The document presents the lesson plan for the Cost Accounting course of the third semester of the Accounting Technology program. The unit addresses general aspects of cost accounting and includes subtopics such as the definition, objectives, and usefulness of cost accounting, as well as definitions of costs, expenses, and cost systems. Activities such as a questionnaire, workshop, and multiple-choice questions are detailed to assess learning outcomes.

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18 views2 pages

Cost Accounting Lesson Plan for Students

The document presents the lesson plan for the Cost Accounting course of the third semester of the Accounting Technology program. The unit addresses general aspects of cost accounting and includes subtopics such as the definition, objectives, and usefulness of cost accounting, as well as definitions of costs, expenses, and cost systems. Activities such as a questionnaire, workshop, and multiple-choice questions are detailed to assess learning outcomes.

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Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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LESSON PLAN

SENIOR INSTITUTE IDENTIFICATION DATA UEC-ITSB-FC-FF-001


TECHNOLOGICAL Career: Accounting Technology
BOLÍVAR Subject: Cost Accounting Version: 1.0
F. elaboración: 14/11/2018
Semestre:Tercero A Diurna F. last review: 11/14/2018
No. De Horas:6 ( Primera Semana del 1 al 5 de Abril 2019) Page 1 of 2

Teacher: Eng. Wilson Velastegui, Msc.


Date: April 1, 2019

UNIT: INTRODUCTION TO COST ACCOUNTING


Subtitle:
Definition of cost accounting
THEME: General aspects Objective of cost accounting
Utility of cost accounting
Definition of costs
Differences between costs and expenses
Cost systems
Constituent elements of cost
Basic cost formulas
Activities and Tasks:
QUESTIONNAIRE (Wednesday, April 3, 2019) WORKSHOP (Friday, April 5, 2019)
1. Define management accounting. The Manufacturing Company S.A. wishes to prepare the cost statement of the
2. Define financial accounting. products sold as of June 30, 20__. The information taken from the
3. What is cost? The books of cost accounting are as follows:
4. What is cost accounting? The costs of materials and supplies show an initial inventory of
5. How are costs classified? $80,000, and a final inventory of $100,000.
6. How are costs classified according to their components? The purchase of materials and supplies for the period is $800,000.
7. What is the cost of direct materials? Give examples. The freight charges on purchases were $30,000; the taxes paid for the
8. What is the cost of direct labor? Give examples. acquired materials amounted to $20,000.
9. What is the cost of manufacturing overhead? Give examples. The costs of indirect materials used amounted to $150,000.
10. What other names is factory load known by? Warehouse returned materials worth $20,000 to the supplier.
The payroll costs of the plant amounted to $1,000,000. The costs
Indirect labor costs were $330,000.
MULTIPLE CHOICE QUESTIONS WITH SINGLE The other indirect manufacturing costs were:
RESPUESTA(Miércoles 3 de Abril del 2019) Depreciation of machinery $80,000
The following definition: "is that element that can be identified, Factory insurance 40,000
quantify and value exactly in a unit of product Rentals 50,000
finished or in a service provided, corresponds to: Services 20,000
a. Indirect material The inventory of products in process at the beginning of the semester was
b. Finished piece $200.000.
c. Direct material The inventory of products in process at the end of the semester included costs
d. Materials and supplies direct materials for $70,000, direct labor $90,000 and costs
manufacturing indirect costs $30,000.
The following definition: "is that element that cannot be The inventory of finished products at the beginning of the semester was
quantify, assess, and sometimes identify exactly in 200 units that cost $1,300 each.
a unit of finished product or a service provided The final inventory of finished goods was $300,000.
corresponds to:
a. Indirect material
b. Finished piece
c. Direct material
d. Materials and supplies

OBSERVATIONS: The questionnaire and multiple-choice questions with a single answer have a score of 5 points for each activity in the workshop.
has a score of 5 points

LEARNING OUTCOMES MATERIAL STRATEGIES


Define what cost accounting is. Didactic METHODOLOGICAL
OBJECTIVE OF Knowing when an expense constitutes a cost. Address By the professor (PP):
LEARNING Knowing the usefulness of cost accounting. Electronics : Exhibition
Theoretical Foundations of the Identify each of the three elements of cost [Link] Demonstration.
Cost Accounting. net/wilsonvelas/cont Question techniques y
in the production of a product, or in the provision
cost-ability
of a service. responses.
presentations
Clearly establish a cost system. [Link]
For the student (PA):
Apply a costing method appropriately. m/accounting-of- Directed study
costs/ Group discussion

REVIEWED BY: REVIEWED BY: STUDENT

Dr. Sergio Esparza Pedro Lema Ortiz


Ing. Wilson Velastegui Career Coordinator NAME AND SIGNATURE OF THE STUDENT

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