Cost terms and concept. Cost behavior patterns and cost estimation. Cost-volume profit analysis. Budgetary planning and control system. Product costing system including job order costing, process costing, joint products costing, operational costing, and back flush costing in manufacturing and service organizations. Activity based costing systems. Standard costing systems including flexible budgets and disposition of cost variances; cost variance reports and investigation of cost variances. Service department cost allocation methodologies for product costing and cost control purposes. Cost information for short-term managerial decision making. Computer application in cost accounting