◄Previous: Introduction

Learning outcomes

By the end of this course you will be able to:

  • describe how fixed, variable, stepped fixed and semi-variable costs behave and interpret cost-behaviour graphs
  • explain why classifying costs as direct or indirect supports planning and decisions, and why organisations must know the costs of products, processes and services
  • distinguish cost objects, units and centres, and outline production costs: materials, labour and overheads
  • explain non-production costs, apply environmental management accounting and analyse environmental cost impacts.
◄Contents►Next: 1 Cost classification

OpenLearn - Fundamentals of cost accounting and environmental management accounting
ou logoCreative Commons non-commercial share alike icon Except for third party materials and otherwise, this content is made available under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 Licence, full copyright detail can be found in the acknowledgements section. Please see full copyright statement for details.