Cost Concepts: Terms and Behaviors

Management Accounting: Concepts and Techniques Tutorial Series covers the necessary skill and knowledge that will help in passing the CPA Licensure Exam and information that will guide management accountants in helping companies make better decisions.

This video aims to help the viewers understand and review the different types of cost and how they affect a company's decision-making process.

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Contents:
0:00 - Start
0:42 - Types of Costs
2:23 - Association with Cost Object: Direct and Indirect Costs
13:12 - Product and Period Costs, and Expired and Unexpired Costs
22:34 - Flow of Manufacturing Cost
30:41 - Costs Behavior: Variable and Fixed Costs
47:16 - Quality Control: Prevention, Appraisal, and Failure Costs
55:05 - Budgeted and Actual Costs
57:13 - Controllable and Uncontrollable Costs
1:00:31 - Differential, Opportunity, and Sunk Costs


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