ACCT-2024: Cost Accounting (Split)

Instructor Information
Instructor Name

Rosie Hale

Instructor Rank

Associate Professor

Instructor Email rhale@southwest.tn.edu
Instructor Office

Academic Building, Room A-112, Macon Cove Campus

Office Hours

Posted on Discussion Board and outside of office door.

Instructor Phone

(901) 333-4439

Department Fax

(901) 333-4377

Department Phone

(901) 333-4130

Course Information
Course Description

This course is a study of the fundamentals of cost accounting within an industrial organization. The accounting functions relative to materials, labor, and factory overhead are treated in detail. Job order and process cost systems are fully explored. Standard cost systems, budgeting, and managerial control functions are also discussed.

Student Learning Objectives
  • Determine the difference between product cost and period cost.
  • Construct a schedule of Cost of Goods Sold including a detailed Cost of Goods Manufactured Statement.
  • Separate mixed cost into its fixed and variable component by using the high-low method.
  • Compute the break-even in unit sales and dollars.
  • Compute the equivalent unit of production using the weighted average method.
Prerequisites

ACCT 1020 - Principles of Accounting II

Corequisites

None

Instructional / Learning Methods

The presentation of course material will consist of lectures, reading assignments, practice and homework assignments, pre/post test, multiple-choice, true/false and problem solving exams that involve mathematical computations, and a project assignment that re-enforces the material covered in the course.

This is a Hybrid/Split class. A split course is a blend of face-to-face instruction with online learning. These courses are also known as hybrid or blended courses due to the nature of the learning environment. In a split course, a significant part of the course learning is online and as a result, the amount of classroom time is reduced but not eliminated. This allows coursework to be scheduled flexibly which promotes independent learning and decreases time spent commuting.

Students are required to read each chapter material, and work the assigned exercises, complete the pre/post test and homework problems. These assignments should be completed prior to coming to class and completing each module exam. This should enhance your understanding and participation performance.

Given the enormous amount of material to be covered and the time frame in which we have to work, it is imperative that you not wait until the last minute to complete your assignments. Please make ever efforts to attend each class prepared for each chapter assignments. Attendance is evidenced whereby each student is required to sign in at the beginning of each weekly class session. Absence, none participation and tardiness will negatively affect your grade.

To further assist in achieving the most you can from your studies, you should also take advantage of each chapter’s additional learning recourses including the study guide, Animated DEMO Docs, chapters’ exhibits, end of chapter terminology and review questions, true/False and Multiple choice questions, quick exercises, do it yourself questions with solutions and others.

Respond to each learning resource prior to reviewing the solution provided. Additional assistance can also be found by viewing and listning to the PowerPoint slides and Audio MP3 files. The end-of-chapter assignments require you to use a variety of analytical and communication skills, including problem solving, group decision-making, written and oral communications.

Assistance is available in the Academic Support Center on the Macon Cove and the Union Campuses.

Specific Course Requirements

To assist in increasing your success in the completion of this course you must purchase the text book and all required material for this class within the first (2) two weeks, beginning with the first day of class, of the term.

You will also need a notebook for in-class notes, pencil (No. 2) and calculator.
Textbooks, Supplementary Materials, Hardware, and Software Requirements
Required Text

Managerial Accounting, 3rd edition, Pearson Education, Karen W. Braun; Wendy M. Tietz; Walter T. Harrison, Jr. This textbook and a student Access Code is required for this course. The new textbook comes bundled with the MyAccountingLab (MAL) access code, which is required for this class.

You can purchased a new textbook from the Southwest bookstore, which comes bundled with a Student Access Kit that contains the student access code that you will use to complete and submit specified parts of each module exam, the module exam bonus, and the project, as well as, all practice and homework assignments. MAL is a Web-base interactive eLearning program which will be used to complete and submit specified parts of each module exam, the module exam bonus, and the project, as well as, all practice and homework assignments. The Course ID required for students’ login to this class will be included in the Orientation Module and the Assignment content page of this course located in PAWS. Be sure to complete the Orientation Module. When registering, the course key must be entered in MAL correctly. For example, with a course ID of XL02-J13V-201Y-0SU3, students must enter the course ID exactly as it it presented or MAL will not accept the course key.

 

Supplementary Materials

MyAccountingLab is a Web-base supplement which will be used to complete and submit specified parts of each module exam, the module exam bonus, and the project, as well as, all practice and homework assignments. This will require an access code. The access code is included with the purchase of a new text.

The Course ID required for students’ login to this class will be included in the Orientation Module and the Assignment content page of this course located in PAWS.

You will also need a notebook for in-class notes, pencil (No. 2) and a calculator.

Hardware Requirements

If this course requires the use of a computer, these are general recommendations for accessing any of the services that Southwest offers on the Web (e.g. My.Southwest, etc.).

  • minimum Pentium IV or higher processor (recommended)
  • SVGA monitor, minimum resolution 800x600 (1024x768 strongly recommended)
  • CD-ROM or DVD drive
  • floppy drive, zip drive, or CD-RW drive
  • Mouse or compatible pointing device
  • at least 512 MB of RAM (recommended)
  • (optional) printer
Software Requirements

Many instructors may require assignments to be submitted using Microsoft Excel or Microsoft Word. To learn how to obtain discounted software from Microsoft, visit http://southwest.tn.onthehub.com.

The software listed below is recommended for any student accessing Southwest services through the internet. Your course may have specific software requirements.

  • Windows 7, Vista, XP
  • Mac OS X (up to 10.6) (OS 10.6 recommended)
  • Linux with a Supported Browser
  • Internet Explorer 7+
  • Firefox 3+
  • Opera 9+
  • Safari 4+
  • Current Anti-Virus protection
  • Reliable Internet connection (broadband recommended but not required)

Many instructors may require assignments to be submitted using Microsoft Excel or Microsoft Word. To learn how to obtain discounted software from Microsoft, visit http://southwest.tn.onthehub.com.

Assessment and Grading
Method of Evaluation
  • 60% - Exams
  • 20% - Homework Assignments
  • 10% - Project/Paper  
  • 10% - Attendance and Participation/Discussion

Written answers to questions located at the end of each chapter, counts a bonus of 2.5 points maximum. You must include page reference to support your response. No credit is given to responses without appropriate page references.

Grading Scale
  • A  90.5 - 100
  • B  80.5 - 90.4
  • 70.5 - 80.4
  • D  64.5 - 70.4
  • 64.4 and below
Testing Procedure / Policy

All exams are submitted online (by way of PAWS and MAL) within the allotted time frame. It is the responsibility of each student to keep up with the scheduled times and due dates for each exam and other required assignments. The date and deadlines for each exam is included with course calendar. There will be no advanced or make-up exam given. If you anticipate a situation where you will not be able to take an exam by it due date or you miss an exam, you will be required to take the comprehensive exam at the end of the term. If a second exam is missed, a zero will be given.

To receive partial credit for any incorrect exam responses, supporting calculations are required submitted to the respective module exam Drop Box. Failure to submit detailed supporting documentation will result in an as earned exam grade. For example, if, for some reason, you mistakenly key in an incorrect response, but worked the exam question correctly, you can only receive partial credit by summiting your properly labeled documentation supporting your response (Show your work).  

There are no On-Campus exams available for this class.

Major Assignments

There are four module exams (submitted by way of PAWS and MAL) scheduled for this class. There is a project, several practice, bonus, specific exams parts and homework assignments (submitted by way of MAL and uploaded to the grade book in PAWS). Please do not wait until the last minute to complete these assignments. Exams will be open for 4 days, after that a zero will be given. Missed module exams cannot be made up. There is a comprehensive exam available at the end of the term to recover from this missed module exam. If a second module exam is missed, a zero will be given. No exceptions!

Homework is due on the day before the module exam is assigned and is subject to grading on that day. All homework will be graded on exam day for all chapters included on the exam and will not be reopened. There will be no re-scheduling homework assignment. If a homework assignment is missed, a zero will be given for that assignment. No exceptions!

Technical difficulties will not be an excuse for late assignments. You may use a lab at any campus or go to the library.

The discussion board will be used for posting Bio and announcements, completing module discussion topics, discussion of the group project, and asking and answering questions that are related to the course material. When you post questions, please be as clear, concise and as specific as possible when describing your problem.

A group project will be assigned for this course. The requirements for the group project will be discussed in the Discussions forum at the time it is assigned. This project, completed in MAL, is mandatory and must be completed as scheduled. Individual project submission is not acceptable for grading. You must participate in this assignment with you assigned group/team members in order to receive a grade.

Participation / Attendance Policy

In accordance with federal regulations and the College’s commitment to the academic success of students, faculty members are required to record and report the attendance of students for the entire semester. Further, faculty must indicate the last date of attendance for each student who has not officially withdrawn, has not been excused for absence, and has been determined to be no longer attending class. 

Attendance is evidenced whereby each student is required to sign in and contribute meaningful participation through the completion of homework assignments, quizzes, exams, and discussions within the allotted time frame. The records office will be notified of students who are and are not in attendance (i.e. participating).

Policy on Student Professional Conduct

The instructor has the primary responsibility for control over classroom behavior and the maintenance of academic integrity and can order the temporary removal or exclusion from the classroom of any student engaged in disruptive conduct or conduct that violates the general rules and regulations of the College. Extended or permanent exclusion can be effected only through appropriate procedures of the College. Examples of classroom misconduct are listed below:  

Usage of Electronic Devices:        

  • Using cellular phones, text messaging, iPods, MP3 players, laptops, etc. during class  

Unexcused exits:        

  •  Leaving to retrieve a soda or other snack items  
  •  Leaving to engage in a conversation (by phone or person to person) 
  • Leaving before class is finished for any reason without prior permission

Non-Permitted Communication during Classroom Instruction:       

  •  Talking while the instructor Mimicking and/or consistently repeating an instructor’s words is talking
  •  Talking without permission during classroom instruction (side conversations)

Personal Attacks:    

  • Engaging in abusive or mean-spirited criticism of another student or an instructor
  • Questioning an instructor’s authority in front of the class
  • Telling an instructor to “shut-up” 
  • Continuing to insist on speaking with an instructor during classroom instruction

Threatening Behaviors:        

  • Abusing an instructor or student verbally (cursing or extremely loud talking directed at a particular person)
  • Threatening to physically harm an instructor or student through verbal or body gestures
  • Intimidating through body gestures/posture or persistent staring at an instructor or student  

Overt Inattentiveness:        

  • Sleeping in class
  • Preventing others from concentrating on classroom instruction
  • Reading a newspaper

Procedure:        

  • The instructor shall report the incident to the Office of Student Activities designee and the academic department chairperson.      
  • The Office of Student Activities designee will meet with the instructor and chairperson to determine the appropriate action before the next class period.
  • If there is agreement for readmission, the student will be readmitted but may be subject to normal disciplinary procedures as set forth in the College’s regulations on Student Conduct and Disciplinary Sanctions.
  • If there is disagreement as to readmission, the student will be excluded from the classroom pending a hearing.
  • The hearing shall be conducted by the Student Disciplinary Committee. The purpose of the hearing is to determine whether the student will be readmitted to the classroom. The hearing must be conducted utilizing the appropriate due process procedures (see Southwest Policy No. 3:02:01:00/9).

Appeals Procedures Classroom and General Misconduct:

In the interest of due process, only the recipient of disciplinary action has the right of an appeal. It is the responsibility of the Committee to inform the disciplined student of the right to appeal. A written appeal must be submitted to the Vice President of Student Services and Enrollment Management within 48 hours of the original decision (excluding weekends and holidays). General dissatisfaction with the outcome of the Committee’s decision will not be a basis for granting an appeal. An appeal may be granted if a procedural error occurred during the Committee hearing or when new evidence pertaining to the case emerges. The President of the College is authorized, in his/her discretion, to subsequently convert any sanction imposed to a lesser sanction, or to rescind any previous sanction, in appropriate cases.   The President of the College retains final authority on all campus matters, including disciplinary decisions. Therefore, any disciplinary action is subject to final review by the President of the College.

Additional Policies

Attendance/Participation Policy:   It is campus policy to take attendance in all classes. Attendance will be taken at the beginning of each class. Absences and tardiness may affect your grade adversely. Students are expected to attend all classes as scheduled. Regardless of the reason or nature of your absence, you are responsible for the work covered by the instructor and for timely submission of all assignments.  Late assignments will not be accepted. Missed quizzes and exams cannot be made up. The instructor will not provide copies of notes for missed classes. It is the student’s responsibility to obtain class notes and other materials from another student in the class.  

Cell Phones and other Communication Devices:

Cell phones and other communication devices must be turned off during class time. Having a cell phone or communication device on silent is not equivalent to having the device turned off. Making or receiving telephone calls, pages, and/or text messages during class is prohibited. 

A violation of this policy will result in 5 points being deducted from the offending student’s final grade for each violation.  

Guidelines for Communications
Email Guidelines

Student Email and Course Website (PAWS): Each student has a Southwest e-mail account. Students are responsible for regularly checking their Southwest e-mail for communications from the professor. In addition to e-mail, students are responsible for checking the PAWS course website and MAL for course assignments that may be posted under this course, ACCT 2024 Cost Accounting. Any student wishing to contact the professor by email may do by emailing directly to the professor’s email address listed above or through the PAWS website using your Southwest student’s email account. Please do not use your personal email account for this class.  

Each student has been provided a Southwest e-mail account. Please do not email your classmates unless the topic relates specifically to this course. E-mails that contain advertisements, solicitations, personal interests, etc. are strictly forbidden. Below are a few guidelines that you should keep in mind when sending email:

  • Always include a subject line.
  • Typing in all CAPS is considered SHOUTING in Cyberspace. So please use upper and lower case characters when sending e-mails.
  • Remember, without facial expressions some comments may be taken the wrong way. Be careful in wording your e-mails and use good Netiquette
  • Use standard fonts.
  • Do not send large attachments without permission.
  • Respect the privacy of other class members.

Online instructors will respond to all e-mails within 48 hours.

Discussion Guidelines

 

Below are a few guidelines that should be adhered to when using the Discussion forum. Messages that contain advertisements, solicitations, personal interests, etc. are strictly forbidden.

  • Review the discussion threads thoroughly before entering the discussion.
  • Please try to maintain threads by using the "Reply" button rather starting a new topic.
  • Do not make insulting or inflammatory statements to other members of the class. Be respectful of others' ideas.
  • Be patient and read the comments of other group members thoroughly before entering your remarks.
  • Be positive and constructive in group discussions.
  • Respond in a thoughtful and timely manner.
Technical Support
My.Southwest Support

When experiencing problems with My.Southwest, you may need to submit a Student Technical Support Request.

When requesting help please provide as much information as possible, such as, your name and a full detailed explanation of the problem.

If you are experiencing difficulty with this Web site, please contact your instructor.

Online Course Support

Many problems can be solved by making sure your browser settings are correct. Visit the PAWS Online Orientation - and run the "system check" to check your browsers compatibility.

For technical support call the Helpdesk at (901) 333-4357.

Course Topics
Tentative Schedule
  •  Chapter  1 - Introduction to Managerial Accounting
  • Chapter   2 - Building Blocks of Managerial Accounting
  • Chapter   3 - Job Costing
  • Chapter   4 - Activity-Based Costing, Lean Production, and the Costs of Quality
  • Chapter   5 - Process Costing
  • Chapter   6 - Cost Behavior
  • Chapter   7 - Cost-Volume-Profit Analysis
  • Chapter   8 - Relevant Costs for Short-Term Decisions
  • Chapter   9 - The Master Budget
  • Chapter 10 - Performance Evaluation
  • Chapter 11 - Standard Costs and Variances
  • Chapter 14 - Financial Statement Analysis
Student Services
Student Services Links
Drop/Withdrawal Dates

See the official college catalog for the current withdrawal policies. Important semester drop and withdrawal dates can be found on the college Web site at http://www.southwest.tn.edu.

Academic Misconduct

Plagiarism, cheating, and other forms of academic dishonesty are prohibited. A student guilty of academic misconduct, either directly or indirectly, through participation or assistance, is immediately responsible to the instructor of the class. The instructor has the authority to assign an “F” grade or a zero for the exercise or examination, or to assign an “F” for the course. College sanctions for academic misconduct may include suspension or dismissal from the College. Please see the section in the current Catalog on Academic Misconduct.

Classroom Behavior: Any student engaged in disruptive conduct or conduct violating the general rules or regulations of the College may be ordered to temporarily leave the classroom. Extended or permanent exclusion from the classroom can be achieved only through appropriate procedures of the College.

Open Labs

Macon Cove

  • Academic Support Center - Nabors Auditorium, Room 100 (Mac), Room 108 (PC)
  • Bert Bornblum Library (Mac and PC) - Available during Library hours only.

Union Avenue

  • Academic Support Center - F Building, Room 319
  • Parrish Library - Available during Library hours only.

Gill

  • Computer Lab- Room 101 (Please note - this room is available when classes are not scheduled. Schedule fluctuates each semester.)
  • Library - Available during Library hours only.

Maxine Smith

  • Open Lab- Room 101.
  • Library - Available during Library hours only.

Whitehaven

  • Open Lab Building 6, Room 127
  • Library - Available during Library hours only.
Syllabus Updates The instructor reserves the right to make changes as necessary to this syllabus. If changes are necessitated during the term of the course, the instructor will immediately notify students of such changes.