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.