CE/CPE Course Information

Valuing Inventory to Avoid Poor Pricing Decisions

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Overview
Delivery Method: QAS Self-Study
Lesson Version: 17-1
Publication/Revision Date: March 10, 2025
Prerequisites/Advanced Preparation: None

Learning Objectives	After completing this course, you will be able to Value inventory properly to avoid poor pricing decisions Differentiate the impact on operating income of using absorption vs. variable costing Allocate joint (common) costs to end products and identify the issues involved in by-product costing Use an application rate to apply overhead and differentiate between actual and normal costing Apply the three methods of service department cost allocation
Course Topics	Introduction and Terminology Absorption (Full) vs. Variable (Direct) Costing Joint Product Costing By-Product Costing Overhead Allocation and Normal Costing Allocation of Service Department Costs Application

Learning
Objectives

After completing this course, you will be able to

Value inventory properly to avoid poor pricing decisions
Differentiate the impact on operating income of using absorption vs. variable costing
Allocate joint (common) costs to end products and identify the issues involved in by-product costing
Use an application rate to apply overhead and differentiate between actual and normal costing
Apply the three methods of service department cost allocation

Course Topics

Introduction and Terminology
Absorption (Full) vs. Variable (Direct) Costing
Joint Product Costing
By-Product Costing
Overhead Allocation and Normal Costing
Allocation of Service Department Costs
Application

This QAS self-study course consists of an Audiovisual presentation, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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For more information regarding administrative policies such as complaints and refunds, please contact our CPE Department at (800) 874-5346 ext. CPE (273).

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