ACCT 202 - Managerial Accounting Cost Allocation and Job Order Study Guide
Michigan State University
ACCT 202 - Managerial Accounting | Study Guide

Overview
A managerial accounting guide to product costs, overhead allocation, job order costing, and decision-useful analysis.

Key topics
•direct vs indirect costs
•overhead allocation
•job order costing
•cost behavior logic

Suggested study tasks
•classify one cost by traceability and behavior
•set up one job cost sheet
•explain why an allocation base matters

Common pitfalls
•treating fixed cost as always irrelevant
•mixing product and period costs
•ignoring the chosen cost driver