L-NU AA 30-00-01-20

LYCEUM-NORTHWSTERN UNIVERSITY
Dagupan City

COLLEGE OF BUSINESS EDUCATION

COURSE GUIDE

Course Title/Code : CAE 10 | Strategic Cost Management Academic Year : 2021 – 2022
Name of Faculty : Judy Ann D. Sanchez, CPA Semester : First
Instructor’s Email : sanchez.judyann.d@lyceum.edu.ph Class Schedule : MWF 10:00AM-11:00AM
Course Credit : Lecture = 3 units Contact Number :
Prerequisite : None Online Consultation Hours :
Google Classroom Code:

Course Description:
This course is an introduction to managerial accounting, and emphasizes the analysis and evaluation of accounting information as part of the managerial processes of
planning, decision making, and control. It emphasizes the development and use of accounting information for internal decisions. Topics include introduction to cost management,
CVP Analysis, standard costing, variable costing, absorption costing, relevant costing, responsibility accounting, budgeting and capital budgeting.

Program Outcomes:
1. Resolve business issues and problems, with a global and strategic perspective using knowledge and technical proficiency in the areas cost accounting and
management.
2. Conduct accountancy research through independent studies of relevant literature and appropriate use of different concept in cost management.
3. Employ technology as business tool in capturing financial and non-financial information, generating reports and making decisions.
4. Apply knowledge and skills that will successfully respond to various types of assessments (including professional licensure and certifications).
5. Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as an accountant.

Level Outcomes:
At the end of the course, the students will specifically cover the linkage between cost data and systems and the organization of activities in a range of manufacturing and
service industries; how to match cost systems with activities and resource flows in a range of manufacturing and service activities; how to apply appropriate cost allocation
techniques to a variety of costing problems; the development of strategies for managing costs as well as an explanation of the role of cost data in pricing decisions.

Course Outcomes:
1. Understand the concept of cost management.
2. Know the different methods used by cost managers in making decisions.
3. Understand the factors considered by cost managers in making decisions.
4. Prepare different internal reports used by managers and purpose of these reports.

Introduction:
This course guide for Strategic Cost Management is designed to help you analyze how cost accounting and management accounting can be used in making decisions.

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General Guidelines:

This section tells you the general guidelines for completing this course guide. For specific guidelines and information, kindly review your student manual or your module guide (if
applicable).

1. The class code for Google Classroom specific for this course is to be given by your instructor during the class orientation.
2. Schedule properly your reading assignments and your activity accomplishments.
3. Make sure that you do things one at a time. Read the materials and watch the videos over and over until you are able to get the point of the lesson.
4. You will be assessed through formative and summative methods. Kindly see requirements section at the end of this course guide.
5. You are expected to submit your activities/ exams on the dates indicated in this course guide. Late submission of activities/ exams will be dealt based on classroom
policies.
6. Your scores for assignments will be notified to you throughout your period of study.
7. You can learn a great deal from discussing aspects of your course guide with others. Opinions and insights formed while discussing with other people are no less
valuable than those you form while reading books or listening to lectures. There’s nothing wrong in discussing with your classmates but it should be done before you
begin your individual activities. But when you sit down and do individual activities you are expected to work alone and not to use the work of others (in its entirety or in
part) as if it is your own.
8. The instructor checks your assignments against the work of other students and against internet sources and other published material. If you submit an assignment that
contains work that is not your own without proper referencing and claiming the work of other as your own, you are committing plagiarism. Plagiarism is a form of
academic dishonesty punishable by several guidelines (See student handbook).
9. If you have concerns, kindly communicate with your instructor using the contact information given in this course guide.
10. If it is not possible to participate in an online discussion due to internet problems, just save your answers in a digitized format in a USB flash drive then send it thru
courier at Lyceum-Northwestern University College of Information and Computing Science, Tapuac District, Dagupan City, Pangasinan or drop it thru the designated
drop-boxes at the university.

Course Outline

Week Topic
Week 1: August 23, 2021 Class Orientation
Part 1 Introduction to Strategy, Cost Management, and Cost Systems
Week 1: August 23 - 27 Job Costing
Week 2: August 30 - September 3 Activity Based Costing and Customer Profitability Analysis
Week 3: September 6 - 10 Process Costing
Week 4: September 13 - 17 Preliminary Examination
Week 5: September 20 - 24 Cost Allocation: Departments, Joint Products, and By-Products
Part 2 Planning and Decision Making
Week 6: September 27 - October 1 Cost Estimation
Week 7: October 4 - 8 Short Term Profit Planning: Cost Volume Profit (CVP) Analysis
Week 8: October 11 - 15 Midterm Examination
Week 9: October 18 -22 Strategy and the Master Budget
Week 10: October 25 - 29 Decision Making with a Strategic Emphasis
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Week 11: November 1 - 5 Strategy and the Analysis of Capital Investments
Week 12: November 8 - 12 Semi Finals Examination
Week 13: November 15 - 19 Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing
Part 3 Operational - Level Control
Week 14: November 22 - 26 Operational Performance Measurement: Sales, Direct-Cost Variances, and the Role of Non-financial Performance Measures
Week 15: November 29 - December 3 Operational Performance Measurement: Indirect-Cost Variances and Resource Capacity Management
Week 16: December 6 - 10 Operational Performance Measurement: Further Analysis of Productivity and Sales
Week 17: December 13 - 17 The Management and Control of Quality
Week 18: December 20 - 24 Finals Examination

Course Guide (ASSURE Instructional Model)

Week Topic Learning Outcomes Activities

August 23, 2021 Class Orientation Join the online session using Google Meet.
Part 1: Introduction to Strategy, Cost Management, and Cost Systems
Week 1: August 23 - 27 Chapter 1: Job Costing
1. Explain the types of costing systems. A - Analyze the Learners
2. Explain the strategic role of costing. 1. Google classroom activity: Partake in the online discussion on your background and
3. Explain the flow of costs in a job costing system. expectations about Job Costing. Due date: August 25, 2021, 11:00AM.
4. Explain the application of factory overhead costs in a job
costing system. S - State Standards or Objectives
5. Calculate underapplied and overapplied overhead and show Please see topic learning outcomes.
how it is accounted for.
6. Explain an operation costing system. S - Select Strategies
7. Explain how to handle spoilage, rework, and scrap in a job The following teaching strategies will be used in this topic:
costing system (appendix). 1. Asynchronous online learning - participation in online discussion, answering guide
questions, and viewing uploaded videos in Google Classroom
2. Synchronous online learning - joining the class thru Google Meet
3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 96 to 112.
2. After reading your book, you should be able to answer the following guide questions:
a. What is the strategic role of a costing system?
b. Identify the three characteristics of costing systems.
c. Distinguish between job costing and process costing.
d. Explain when companies are likely to use a job costing system or a process costing
system. Provide examples.
e. Which costing system is extensively used in the service industry for hospitals, law

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firms, or accounting firms? Explain why.
f. What document is prepared to accumulate costs for each separate job in a job costing
system? What types of costs are recorded in the document?
g. Explain how predetermined factory overhead rates are computed and why they are
used to apply factory overhead to units of products instead of actual overhead costs.
h. What is the role of materials requisitions in a job costing system? Time tickets? Bills of
materials?
i. What does the statement “Accounting for overhead involves an important cost-benefit
issue” mean? Why is that issue important?
j. Describe the flow of costs through a job costing system from materials through finished
product.
k. What do the underapplied overhead and overapplied overhead mean? How are these
amounts disposed of at the end of the period?
l. Why would a manufacturing firm switch from direct labor hours to machine hours as the
cost driver for factory overhead application?
m. Explain why overhead might be overapplied in a given period.
n. Distinguish between an actual costing system and a normal costing system. What are
the components of the actual manufacturing costs and the components of the normal
manufacturing costs?
o. What is the best way to choose an appropriate cost driver when applying factory
overhead?
p. What is the difference between normal and abnormal spoilage?
3. Attend the online class lecture on this topic on August 23, 2021 at 10:00AM-11:00AM
using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 114 to 116.
2. Group Activity
a. Answer the exercise drills from pages 117 to 126.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on August 27,
2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 2: Chapter 2: Activity Based Costing and Customer Profitability Analysis
August 30 - September 3 1. Explain the strategic role of activity-based costing. A - Analyze the Learners
2. Describe activity-based costing (ABC), the steps in 1. Google classroom activity: Partake in the online discussion on your background and
developing an ABC system, and the benefits of an ABC expectations about Activity Based Costing and Customer Profitability Analysis. Due date:
system. September 1, 2021, 11:00AM.
3. Determine product costs under both the volume-based

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method and the activity-based method and contrast the two. S - State Standards or Objectives
4. Explain activity-based management (ABM). Please see topic learning outcomes.
5. Describe how ABC/M is used in organizations.
6. Use an activity-based approach to analyze customer S - Select Strategies
profitability. The following teaching strategies will be used in this topic:
7. Identify key factors for successful ABC/M implementation. 1. Asynchronous online learning - participation in online discussion, answering guide
questions, and viewing uploaded videos in Google Classroom
2. Synchronous online learning - joining the class thru Google Meet
3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 128 to 151.
2. After reading your book, you should be able to answer the following guide questions:
a. “Undercosting a product increases the profit from the product and benefits the firm.” Do
you agree? Why?
b. Firms sell products with high costs at high prices. High selling prices increase
revenues and profits. Why then should managers worry about product overcosting?
c. Explain why a costing system that uses a volume-based rate is likely to produce
distorted product costs.
d. What is activity-based costing, and how can it improve an organization’s costing
system?
e. Describe general levels of cost hierarchy in activity-based costing systems.
f. What is the second-stage procedure in assigning costs to products when using an
activity-based costing system?
g. What type of company needs an activity-based costing system?
h. What are unit-level activities? Give two examples of unit-level activities.
i. What are batch-level activities? Give two examples of batch-level activities.
j. What are product-level activities? Give two examples of product-level activities.
k. What are facility-level activities? Give two examples of facility-level activities.
l. Why do product-costing systems using a single, volume-based cost driver tend to
overcost high-volume products? Will there be any undesirable strategic efforts from such
product cost distortion?
m. What is activity-based management?
n. How can activity-based costing and management be used in service organizations?
o. Identify opportunities afforded by performing a customer profitability analysis.
3. Attend the online class lecture on this topic on August 30, 2021 at 10:00AM-11:00AM
using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 152 to 158.
2. Group Activity
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a. Answer the exercise drills from pages 159 to 167.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on September
3, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 3: September 6 - 10 Chapter 3: Process Costing
1. Identify the types of organizations for which a process A - Analyze the Learners
costing system best supports the organization’s competitive 1. Google classroom activity: Partake in the online discussion on your background and
strategy. expectations about Process Costing. Due date: September 8, 2021, 11:00AM.
2. Explain and calculate equivalent units.
3. Describe the five steps in process costing. S - State Standards or Objectives
4. Demonstrate the weighted-average method of process Please see topic learning outcomes.
costing.
5. Demonstrate the FIFO method of process costing. S - Select Strategies
6. Analyze process costing with multiple departments. The following teaching strategies will be used in this topic:
7. Prepare journal entries to record the flow of costs in a 1. Asynchronous online learning - participation in online discussion, answering guide
process costing systems. questions, and viewing uploaded videos in Google Classroom
8. Explain how process costing systems are implemented and 2. Synchronous online learning - joining the class thru Google Meet
enhanced in practice. 3. Offline learning - self study of printed or digitized resources
9. Account for spoilage in process costing (appendix). 4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 169 to 195.
2. After reading your book, you should be able to answer the following guide questions:
a. What are the typical characteristics of a company that should use a process costing
system?
b. List three types of industries that would likely use process costing.
c. Explain the primary differences between job costing and process costing.
d. What does the term equivalent units mean?
e. How is the equivalent unit calculation affected when direct materials are added at the
beginning of the process rather than uniformly throughout the process?
f. What is a production cost report? What are the five key steps in preparing a production
cost report?
g. What is the distinction between equivalent units under the FIFO method and equivalent
units under the weighted average method?
h. Identify the conditions under which the weighted average method of process costing is
inappropriate.
i. Specify the advantage of the weighted average method of process costing in contrast to

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the FIFO method.
j. From the standpoint of cost control, why is the FIFO method superior to the weighted
average method? Is it possible to monitor cost trends using the weighted average
method?
k. What are transferred-in costs?
l. Suppose that manufacturing is performed in sequential production departments.
Prepare a journal entry to show a transfer of partially completed units from the first
department to the second department.
m. Under the weighted average method, all units transferred out are treated the same
way. How does this differ from the FIFO method of handling units transferred out?
n. Under the FIFO method, only current period costs and work are included in unit costs
and equivalent units computation. Under the weighted average method, what
assumptions are made when unit costs and equivalent units are computed?
o. What is the main difference between journal entries in process costing and in job
costing?
p. What is the difference between process costing and backflush costing?
q. Explain activity based process costing, and give an example of a company that uses it.
3. Attend the online class lecture on this topic on September 6, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 198 to 203.
2. Group Activity
a. Answer the exercise drills from pages 203 to 208.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on September
10, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 4: September 13 - 17 Preliminary Examination Answer the 50-item examination that will be posted in the Google Classroom.
Start Time: 10:00AM l Due Time: 11:00AM
Week 5: September 20 - 24 Chapter 4: Cost Allocation: Departments, Joint Products, and By-Products
1. Identify the strategic role and objectives of cost allocation. A - Analyze the Learners
2. Explain the ethical issues of cost allocation. 1. Google classroom activity: Partake in the online discussion on your background and
3. Use the three phases of departmental cost allocation. expectations about Cost Allocation: Departments, Joint Products, and By-Products. Due
4. Explain the implementation issues of the different date: September 22, 2021, 11:00AM.
departmental cost allocation methods.
5. Explain the use of cost allocation in service firms. S - State Standards or Objectives
6. Use the three joint product costing methods. Please see topic learning outcomes.
7. Use the four by product costing methods (appendix).

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S - Select Strategies
The following teaching strategies will be used in this topic:
1. Asynchronous online learning - participation in online discussion, answering guide
questions, and viewing uploaded videos in Google Classroom
2. Synchronous online learning - joining the class thru Google Meet
3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 214 to 240.
2. After reading your book, you should be able to answer the following guide questions:
a. What are the four objectives in the strategic role of cost allocation? Explain each.
b. Explain the difference between joint products and by products.
c. What does the term reciprocal mean in the context of departmental cost allocation?
d. What are the three methods of departmental cost allocation? Explain how they differ,
which is the most preferred, and why.
e. What are the three phases of the departmental allocation approach? What happens at
each phase?
f. Give two or three examples of the use of cost allocation in service industries and not for
profit organizations.
g. What are the four methods used in by product costing, and how do they differ? Which
is the preferred method and why?
h. What are the limitations of joint product cost allocation?
i. What are the implementation issues of departmental cost allocation?
j. What are some of the ethical issues of cost allocation?
3. Attend the online class lecture on this topic on September 20, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 242 to 247.
2. Group Activity
a. Answer the exercise drills from pages 247 to 253.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on September
24, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Part 2: Planning and Decision Making
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Week 6: Chapter 1: Cost Estimation
September 27 - October 1 1. Explain the strategic role of cost estimation. A - Analyze the Learners
2. Apply the six steps of cost estimation. 1. Google classroom activity: Partake in the online discussion on your background and
3. Use each of the cost estimation methods: the high-low expectations about Cost Estimation. Due date: September 29, 2021, 11:00AM.
method and regression analysis.
4. Explain the implementation issues of the cost estimation S - State Standards or Objectives
methods. Please see topic learning outcomes.
5. Use learning curves in cost estimation when learning is
present (appendix). S - Select Strategies
The following teaching strategies will be used in this topic:
1. Asynchronous online learning - participation in online discussion, answering guide
questions, and viewing uploaded videos in Google Classroom
2. Synchronous online learning - joining the class thru Google Meet
3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 256 to 275.
2. After reading your book, you should be able to answer the following guide questions:
a. Define cost estimation and explain its purpose.
b. Explain the strategic role of cost estimation.
c. List the two methods of cost estimation. Explain the advantages and disadvantages of
each.
d. Explain the implementation problems in cost estimation.
e. What are the six steps in cost estimation? Which one is the most important? Why?
f. Contrast the use of regression analysis and the high-low method to estimate costs.
g. How is cost estimation used in activity-based costing?
h. Explain how to choose the dependent and independent variables in regression
analysis.
i. What are nonlinear cost relationships? Give two examples.
j. List four advantages of regression analysis.
k. Explain what a dummy variable is and how it is used in regression analysis.
l. How do we know when high correlation exists? Is high correlation the same as cause
and effect?
m. What does the coefficient of determination (R-squared) measure?
3. Attend the online class lecture on this topic on September 27, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 276 to 285.
2. Group Activity

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a. Answer the exercise drills from pages 286 to 295.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on October 1,
2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 7: October 4 - 8 Chapter 2: Short-Term Profit Planning: Cost Volume Profit (CVP) Analysis
1. Explain cost-volume-profit (CVP) analysis, the CVP model, A - Analyze the Learners
and the strategic role of CVP analysis. 1. Google classroom activity: Partake in the online discussion on your background and
2. Apply CVP analysis for break-even planning. expectations about Short-Term Profit Planning: Cost Volume Profit (CVP) Analysis. Due
3. Apply CVP analysis for profit planning. date: October 6, 2021, 11:00AM.
4. Apply CVP analysis for activity-based costing (ABC).
5. Understand different approaches for dealing with risk and S - State Standards or Objectives
uncertainty in CVP analysis. Please see topic learning outcomes.
6. Adapt CVP analysis for multiple products/services.
7. Apply CVP analysis in not-for-profit organizations. S - Select Strategies
8. Identify the assumptions and limitations of CVP analysis. The following teaching strategies will be used in this topic:
1. Asynchronous online learning - participation in online discussion, answering guide
questions, and viewing uploaded videos in Google Classroom
2. Synchronous online learning - joining the class thru Google Meet
3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 299 to 324.
2. After reading your book, you should be able to answer the following guide questions:
3. Attend the online class lecture on this topic on October 4, 2021 at 10:00AM-11:00AM
using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 325 to 332.
2. Group Activity
a. Answer the exercise drills from pages 333 to 339.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on October 8,
2021, 10:00AM-11:00AM.

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Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 8: October 11 - 15 Midterm Examination Answer the 50-item examination that will be posted in the Google Classroom.
Start Time: 10:00AM l Due Time: 11:00AM
Week 9: October 18 -22 Chapter 3: Strategy and the Master Budget
1. Describe the role of budgets in the overall management A - Analyze the Learners
process. 1. Google classroom activity: Partake in the online discussion on your background and
2. Discuss the importance of strategy and its role in the master expectations about Strategy and the Master Budget. Due date: October 20, 2021,
budgeting process. 11:00AM.
3. Outline the budgeting process.
4. Prepare a master budget and explain the interrelationships S - State Standards or Objectives
among its supporting schedules. Please see topic learning outcomes.
5. Deal with uncertainty in the budgeting process.
6. Identify unique characteristics of budgeting for service S - Select Strategies
companies. The following teaching strategies will be used in this topic:
7. Understand alternative approaches to budgeting (viz., zero- 1. Asynchronous online learning - participation in online discussion, answering guide
base, activity-based, time-driven activity-based, and kaizen questions, and viewing uploaded videos in Google Classroom
budgeting). 2. Synchronous online learning - joining the class thru Google Meet
8. Discuss various behavioral considerations in budgeting. 3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 340 to 370.
2. After reading your book, you should be able to answer the following guide questions:
a. Describe at least three benefits that an organization can expect to realize from
budgeting.
b. Differentiate master, operating, and financial budgets.
c. Many accountants believe that the most important benefit of the master budgeting
process is the end result: a set of pro forma financial statements. What is the rationale for
this view?
d. Some critics of budgeting believe that budgets are effective tools for planning but not
for control purposes. What is the essence of this argument?
e. Why is the sales budget considered the cornerstone of the organization’s master
budget?
f. In addition to the sales budget, what information does a fi rm need to complete its
materials purchases budget?
g. List the major components of a cash budget.
h. What is zero-base budgeting (ZBB)?
i. Define the term budgetary slack. Why is it common to find slack in budgets?
j. How does the use of a time-driven activity-based costing (TDABC) system facilitate the
preparation of budgets for an organization?

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k. What is the essence of a fixed-performance contract and what dysfunctional
consequences can occur through the use of this type of incentive system?
l. Distinguish between a linear-performance contract and a fixed-performance contract in
terms of motivational/incentive effects.
m. Define the terms relative performance (relative improvement) contract and rolling
financial forecast. What role for these is envisioned by critics of the traditional budgeting
process?
3. Attend the online class lecture on this topic on October 18, 2021 at 10:00AM-11:00AM
using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 370 to 379.
2. Group Activity
a. Answer the exercise drills from pages 380 to 391.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on October 22,
2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 10: October 25 - 29 Chapter 4: Decision Making with a Strategic Emphasis
1. Define the decision-making process and identify the types of A - Analyze the Learners
cost information relevant or decision making. 1. Google classroom activity: Partake in the online discussion on your background and
2. Use relevant cost analysis and strategic analysis to make expectations about Decision Making with a Strategic Emphasis. Due date: October 27,
special-order decisions. 2021, 11:00AM.
3. Use relevant cost analysis and strategic analysis in the
make-vs.-buy and lease-vs.-buy decisions. S - State Standards or Objectives
4. Use relevant cost analysis and strategic analysis in the Please see topic learning outcomes.
decision to sell before or after additional processing.
5. Use relevant cost analysis and strategic analysis in the S - Select Strategies
decision to keep or drop products or services. The following teaching strategies will be used in this topic:
6. Use relevant cost analysis and strategic analysis to evaluate 1. Asynchronous online learning - participation in online discussion, answering guide
service offerings of not-for profit organizations. questions, and viewing uploaded videos in Google Classroom
7. Use relevant cost analysis and strategic analysis to perform 2. Synchronous online learning - joining the class thru Google Meet
a constrained optimization (i.e., short-term product-mix) 3. Offline learning - self study of printed or digitized resources
analysis. 4. Peer learning - group activity
8. Discuss behavioral, implementation, and legal issues in
decision making. U - Utilize Technology, Media, and Materials
9. Set up and solve in Excel a simple product-mix problem 1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
(appendix). Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 394 to 418.

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2. After reading your book, you should be able to answer the following guide questions:
a. What are relevant costs? Provide several examples for the decision to repair or replace
a piece of equipment.
b. List at least four different decisions for which the relevant cost analysis model can be
used effectively.
c. What is the relevant cost when determining whether or not to process a product
further?
d. List four to six strategic factors that are often important in the make-or-buy decision.
e. How do short-term evaluations affect a manager’s incentives and performance?
f. List four or five important limitations of relevant cost analysis.
g. How do strategic factors affect the proper use of relevant cost analysis?
h. List some of the behavioral, implementation, and legal problems to be anticipated in
the use of relevant cost analysis.
i. How does the presence of one production constraint affect the relevant cost analysis
model? Two or more production constraints?
j. What is the relationship, if any, between the relevant cost analysis method and cost-
volume-profit analysis (discussed in Chapter 9)?
3. Attend the online class lecture on this topic on October 25, 2021 at 10:00AM-11:00AM
using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 418 to 424.
2. Group Activity
a. Answer the exercise drills from pages 425 to 438.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on October 29,
2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 11: November 1 - 5 Chapter 5: Strategy and the Analysis of Capital Investments
1. Understand the strategic role of capital-investment analysis. A - Analyze the Learners
2. Describe how accountants can add value to the capital- 1. Google classroom activity: Partake in the online discussion on your background and
budgeting process. expectations about Strategy and the Analysis of Capital Investments. Due date:
3. Provide a general model for determining relevant cash flows November 3, 2021, 11:00AM.
associated with capitalinvestment projects.
4. Apply discounted cash flow (DCF) decision models for S - State Standards or Objectives
capital-budgeting purposes. Please see topic learning outcomes.
5. Deal with uncertainty in the capital-budgeting process.
6. Discuss and apply other capital-budgeting decision models. S - Select Strategies
7. Identify behavioral issues associated with the capital- The following teaching strategies will be used in this topic:

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budgeting process. 1. Asynchronous online learning - participation in online discussion, answering guide
8. Understand and use alternative presentation formats for the questions, and viewing uploaded videos in Google Classroom
asset-replacement decision. 2. Synchronous online learning - joining the class thru Google Meet
9. Identify selected advanced considerations in making capital- 3. Offline learning - self study of printed or digitized resources
investment decisions. 4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 438 to 478.
2. After reading your book, you should be able to answer the following guide questions:
a. What are the distinguishing characteristics of capital-budgeting decisions?
b. In what ways can accountants add value to the capital-budgeting process?
c. What is the analytic hierarchy process (AHP) and how can it be used in making capital-
budgeting decisions?
d. In capital-budgeting analysis, what is meant by the income tax effect? Give three
examples of the tax effect pertaining to the acquisition of new factory (manufacturing)
equipment.
e. What are the limitations of the payback period method for making capital-budgeting
decisions (e.g., whether to accept or reject a proposed investment)? Does the present
value payback period overcome these limitations?
f. Does the accounting (book) rate of return (ARR) method provide a true measure of the
return on investment? How about the investment’s internal rate of return (IRR)?
g. What should be the decision criterion when using the NPV method to evaluate capital
investments? Does the IRR method use the same criterion?
h. List at least three important behavioral issues related to the capital-budgeting process.
i. “The net present value (NPV) method weighs early receipts of cash much more heavily
than more distant receipts of cash.” Do you agree? Why?
j. “Depreciation expenses have no effect on cash flows and, therefore, are not relevant in
capitalexpenditure analysis.” Do you agree? Why or why not?
k. Should the firm accept the independent projects described below? Why or why not?
The firm’s cost of capital is 10% and the estimated internal rate of return (IRR) of the
project is 11%. A capital investment requires a $150,000 initial investment. The firm’s
cost of capital is 10%, and the present value of the expected cash inflows from the project
is $148,000.
l. Provide an intuitive explanation of the modified internal rate of return (MIRR) financial
performance metric. How does MIRR differ from IRR?
m. What decision criterion should be used to choose investment projects for a firm with
unlimited funds available at a weighted-average cost of 10% (after tax)? Can the firm use
the same decision criterion if it has only a limited amount of available funds, say $100
million? Explain.
n. When analyzing a proposed capital investment, what conditions or factors may lead
the results to differ between the net present value (NPV) and internal rate of return (IRR)
decision models?
o. How does the size of the initial investment affect the indicated internal rate of return
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(IRR) and net present value (NPV) of a proposed investment?
3. Attend the online class lecture on this topic on November 3, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 481 to 488.
2. Group Activity
a. Answer the exercise drills from pages 489 to 495.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on November
5, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 12: November 8 - 12 Semi Finals Examination Answer the 50-item examination that will be posted in the Google Classroom.
Start Time: 10:00AM l Due Time: 11:00AM
Week 13: November 15 - 19 Chapter 6: Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing
1. Explain how to use target costing to facilitate strategic A - Analyze the Learners
management. 1. Google classroom activity: Partake in the online discussion on your background and
2. Apply the theory of constraints to strategic management. expectations about Cost Planning for the Product Life Cycle: Target Costing, Theory of
3. Describe how life-cycle costing facilitates strategic Constraints, and Strategic Pricing. Due date: November 17, 2021, 11:00AM.
management.
4. Outline the objectives and techniques of strategic pricing. S - State Standards or Objectives
Please see topic learning outcomes.

S - Select Strategies
The following teaching strategies will be used in this topic:
1. Asynchronous online learning - participation in online discussion, answering guide
questions, and viewing uploaded videos in Google Classroom
2. Synchronous online learning - joining the class thru Google Meet
3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 500 to 522.
2. After reading your book, you should be able to answer the following guide questions:
a. What is target costing?
b. Explain the two methods for reducing total product costs to achieve a desired target
cost. Which is more common in the consumer electronics industries? In the specialized

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equipment manufacturing industries?
c. What does the term sales life cycle mean? What are the phases of the sales life cycle?
How does it differ from the cost life cycle?
d. Do pricing strategies change over the different phases of the sales life cycle? Explain
how.
e. Do cost management practices change over the product’s sales life cycle? Explain
how.
f. What does the concept of value engineering mean? How is it used in target costing?
g. For what types of firms is target costing most appropriate and why?
h. What is life-cycle costing? Why is it used?
i. Name the five steps of the theory of constraints and explain the purpose of each. Which
is the most important step and why?
j. What does the term constraint mean in the theory of constraints analysis?
k. What is the role of the flow diagram in the theory of constraints analysis?
l. What is the main difference between activity-based costing and the theory of
constraints? When is it appropriate to use each one?
m. For what types of firms is the theory of constraints analysis most appropriate and
why?
n. How important is product design in life-cycle costing? Why?
o. For what types of firms is life-cycle costing most appropriate and why?
p. Explain the difference in intended application between strategic pricing and life-cycle
costing.
q. How is Takt time calculated and what is it used for?
r. Distinguish pricing based on the cost life cycle and pricing based on the sales life cycle
and give an example method for each.
s. At what phase in the product sales life cycle will prices likely be the highest:
introduction, growth, maturity, or decline?
3. Attend the online class lecture on this topic on November 15, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 525 to 531.
2. Group Activity
a. Answer the exercise drills from pages 531 to 538.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on November
19, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Part 3: Operational - Level Control (Performance Measurement)
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Week 14: November 22 - 26 Chapter 1: Sales, Direct-Cost Variances, and the Role of Non-financial Performance Measures
1. Explain the essence of control systems in general and A - Analyze the Learners
operational control systems in particular. 1. Google classroom activity: Partake in the online discussion on your background and
2. Define and interpret the total operating income variance for a expectations about Sales, Direct-Cost Variances, and the Role of Non-financial
given period. Performance Measures. Due date: November 24, 2021, 11:00AM.
3. Develop a general framework for subdividing the total
operating income variance into component variances. S - State Standards or Objectives
4. Develop standard costs for product costing, performance Please see topic learning outcomes.
evaluation, and control.
5. Record manufacturing cost flows and associated variances S - Select Strategies
in a standard cost system. The following teaching strategies will be used in this topic:
6. Discuss major operating functions and the need for non- 1. Asynchronous online learning - participation in online discussion, answering guide
financial performance indicators. questions, and viewing uploaded videos in Google Classroom
2. Synchronous online learning - joining the class thru Google Meet
3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 541 to 571.
2. After reading your book, you should be able to answer the following guide questions:
a. What is the difference between a master budget, pro forma budgets, and a flexible
budget?
b. Explain how standard costs and flexible budgets can be used for short-term profit
analysis, that is, for financial control purposes.
c. Explain what is meant by the term “management by exception.” What is the
relationship between the process of standard cost variance analysis and management by
exception?
d. Should the performance of a division be deemed less than satisfactory if all of its
variances are “unfavorable”? Explain.
e. Explain the possible causes for direct materials price and direct materials usage
variances. Who in the organization normally has influence over or responsibility for each
of these variances?
f. Explain some of the possible causes of direct labor rate (price) and direct labor
efficiency (quantity) variances. Who normally has responsibility for or influence over each
of these variances?
g. Will overtime premiums affect direct labor variances? If so, which ones?
h. Which of the following should a firm use as the standard in assessing production
efficiency: standards based on ideal performance, standards based on attainable
performance, or standards based on the average of recent historical performance?
Explain.
i. Discuss behavioral concerns in establishing and implementing a standard cost system.
j. Provide a definition and some examples of operating processes. In what other

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processes would an organization engage in the normal course of business?
k. Describe how a just-in-time (JIT) manufacturing system is fundamentally different from
a conventional manufacturing system. List two primary financial benefits associated with
a shift to JIT manufacturing. What effect does the adoption of JIT have on the design of
management accounting and control systems?
3. Attend the online class lecture on this topic on November 22, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 573 to 580.
2. Group Activity
a. Answer the exercise drills from pages 580 to 587.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on November
26, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 15: Chapter 2: Indirect-Cost Variances and Resource Capacity Management
November 29 - December 3 1. Distinguish between the product-costing and control A - Analyze the Learners
purposes of standard costs for manufacturing overhead. 1. Google classroom activity: Partake in the online discussion on your background and
2. Use flexible budgets to calculate and interpret standard cost expectations about Indirect-Cost Variances and Resource Capacity Management. Due
variances for manufacturing overhead. date: December 1, 2021, 11:00AM.
3. Record overhead costs and associated standard cost
variances. S - State Standards or Objectives
4. Dispose of standard cost variances at the end of a period. Please see topic learning outcomes.
5. Apply standard costs to service organizations.
6. Analyze overhead variances in a traditional activity-based S - Select Strategies
costing (ABC) system. The following teaching strategies will be used in this topic:
7. Understand decision rules that can be used to guide the 1. Asynchronous online learning - participation in online discussion, answering guide
variance-investigation decision. questions, and viewing uploaded videos in Google Classroom
8. Formulate the variance-investigation decision under 2. Synchronous online learning - joining the class thru Google Meet
uncertainty (appendix). 3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 591 to 623.
2. After reading your book, you should be able to answer the following guide questions:
a. “As long as the total actual factory overhead cost is not significantly different from the

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total standard applied factory overhead cost for the period, there is no need to conduct
further analyses of the factory overhead variance.” Do you agree? Why or why not?
b. What is the difference between the applied variable overhead cost and the total
variable overhead cost in the flexible budget? What is the difference between the applied
factory overhead cost and the total flexible budget cost for fixed overhead?
c. List causes that could lead to a variable overhead spending variance.
d. List causes that could lead to a variable overhead efficiency variance.
e. List causes that could lead to a fixed overhead spending variance.
f. List causes that could lead to a fixed overhead production volume variance.
g. Would the choice of denominator level affect the amount of the fixed factory overhead
budget variance? Fixed overhead production volume variance? Explain.
h. What are the justifications for using practical capacity as the denominator volume when
calculating the fixed overhead application rate?
i. Why do some firms choose to use a two-variance analysis instead of a three-variance
or a four variance analysis of the total overhead cost variance for the period?
j. Explain two available treatments for disposing of overhead cost variances at the end of
a period.
k. What factors should be considered in determining whether or not to investigate a
variance?
l. “The direction of a variance (favorable or unfavorable) is irrelevant in decisions
regarding whether or not to investigate the variance.” Do you agree? Why or why not?
3. Attend the online class lecture on this topic on November 29, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 625 to 632.
2. Group Activity
a. Answer the exercise drills from pages 632 to 638.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on December
3, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 16: December 6 - 10 Chapter 3: Further Analysis of Productivity and Sales
1. Explain the strategic role of the flexible budget in analyzing A - Analyze the Learners
productivity and sales. 1. Google classroom activity: Partake in the online discussion on your background and
2. Calculate and interpret the measures for total productivity, expectations about Further Analysis of Productivity and Sales. Due date: December 8,
partial operational productivity, and partial financial productivity. 2021, 11:00AM.
3. Use the flexible budget to calculate and interpret the sales
quantity, sales mix, market size, and market share variances. S - State Standards or Objectives

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4. Use the flexible budget to analyze sales performance over Please see topic learning outcomes.
time.
S - Select Strategies
The following teaching strategies will be used in this topic:
1. Asynchronous online learning - participation in online discussion, answering guide
questions, and viewing uploaded videos in Google Classroom
2. Synchronous online learning - joining the class thru Google Meet
3. Offline learning - self study of printed or digitized resources
4. Peer learning - group activity

U - Utilize Technology, Media, and Materials

1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from
pages 643 to 665.
2. After reading your book, you should be able to answer the following guide questions:
a. What is productivity? What does it measure?
b. Discuss why improving productivity is important for a fi rm that competes on a cost
leadership strategy.
c. List benchmarks or criteria often used in assessing productivity, and discuss their
advantages and disadvantages.
d. What is operational productivity? Financial productivity?
e. What is partial productivity? Total productivity?
f. “A financial productivity measure contains more information than an operational
productivity measure does.” Do you agree?
g. “A total productivity measure encompasses all partial productivity measures.” Do you
agree?
h. “Partial productivity measures should be calculated only for high-value-added
activities.” Do you agree?
i. Why do manufacturing personnel prefer operational productivity measures to financial
productivity measures?
j. “A productivity measure such as machine hour productivity is more important in a JIT
environment than in a non-JIT environment.” Do you agree?
k. Which of the following statements is true? (a) The lower the partial productivity ratio,
the greater the productivity, (b) productivity improves when partial productivity increases,
(c) prices of inputs are incorporated in the partial operational productivity ratio, (d) the
partial productivity ratio measures the number of outputs produced per multiple input, and
(e) more than one of the above is true.
l. List important measures in assessing marketing effectiveness.
m. What are the components of the sales variance?
n. Distinguish between a selling price variance and a sales volume variance.
o. What is the difference between a sales quantity variance and a sales volume variance?
p. “As long as a firm sells more units than the units specified in the master budget, it will
not have an unfavorable sales volume variance.” Do you agree? Why or why not?
q. What are the relationships among a selling price variance, a sales mix variance, a
sales quantity variance, and a sales volume variance?
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L-NU AA 30-00-01-20
r. Distinguish between market size variance and market share variance.
s. “A favorable sales quantity variance indicates that the marketing manager has done a
good job.” Do you agree? Can you give an example in which a market size variance or
market share variance is opposite to that of the sales quantity variance?
t. What are the relationships between market size variance, market share variance, sales
quantity variance, and sales volume variance?
u. “An improvement in earnings growth can be achieved at the expense of market share
(an unfavorable market share variance).” Do you agree?
3. Attend the online class lecture on this topic on December 6, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 668 to 674.
2. Group Activity
a. Answer the exercise drills from pages 674 to 679.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on December
10, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 17: December 13 - 17 Chapter 4: The Management and Control of Quality
1. Discuss the strategic importance of quality. A - Analyze the Learners
2. Define accounting’s role in the management and control of 1. Google classroom activity: Partake in the online discussion on your background and
quality. expectations about The Management and Control of Quality. Due date: December 15,
3. Develop a comprehensive framework for the management 2021, 11:00AM.
and control of quality.
4. Understand alternative approaches for setting performance S - State Standards or Objectives
expectations (Six Sigma, absolute vs. goalpost specifications, Please see topic learning outcomes.
and Taguchi loss functions).
5. Prepare and interpret relevant financial information to S - Select Strategies
support quality-related initiatives. The following teaching strategies will be used in this topic:
6. Discuss the use of non-financial performance data to support 1. Asynchronous online learning - participation in online discussion, answering guide
quality-related initiatives. questions, and viewing uploaded videos in Google Classroom
7. Describe and understand techniques that can be used to 2. Synchronous online learning - joining the class thru Google Meet
detect and correct quality problems. 3. Offline learning - self study of printed or digitized resources
8. Describe lean manufacturing and changes in management 4. Peer learning - group activity
accounting systems needed to support a change to “lean.”
U - Utilize Technology, Media, and Materials
1. Read your main reference book, Cost Management: A Strategic Emphasis Seventh
Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins, from

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L-NU AA 30-00-01-20
pages 684 to 718.
2. After reading your book, you should be able to answer the following guide questions:
3. Attend the online class lecture on this topic on December 13, 2021 at 10:00AM-
11:00AM using Google Meet.

R - Require Learner Participation

1. Individual activity
a. Answer the exercise drills from pages 718 to 726.
2. Group Activity
a. Answer the exercise drills from pages 726 to 735.

E - Evaluate
1. Answer the quiz on this topic which will be posted in Google Classroom on December
17, 2021, 10:00AM-11:00AM.

Optional Task:
1. Record a video discussion which comprehensively explains the guide questions.
Upload the file in Google Classroom.
Week 18: December 20 - 24 Finals Examination Answer the 50-item examination that will be posted in the Google Classroom.
Start Time: 10:00AM l Due Time: 11:00AM

COURSE REQUIREMENTS:

Formative Assessment Methods:

Subject Portfolio about Every Activities each meeting
Activities indicated in the “Analysis” part of the module
Informal class recitations

Summative Assessment Methods:

Quizzes, Unit test, Recitation, Online Synchronous and Asynchronous Activities, Periodic Examinations
Note: Rubrics for each class work will be given by your instructor during the briefing before the activity.

GRADING SYSTEM:
Semestral Grade = (Prelim Grade*25%) + (Midterm Grade*25%) + (Semi-Final Grade*25%) + (Final Grade*25%)
For every grading period:
Periodic Exam – 40%
Student Course Work – 60% (Recitation 25%, Quizzes 25%, Requirements 20%, Attendance 10%, Assignment 20%)
In order to earn a passing grade, the student should get a transmuted grade of 75%

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BIBLIOGRAPHY:

Main Reference:
Cost Management: A Strategic Emphasis Seventh Edition by Edward J. Blocher, David E. Stout, Paul E. Jaras, and Gary Cokins

Prepared by: Recommended by: Approved by:

JUDY ANN D. SANCHEZ, CPA DR. GENOVEVA Y. REYES, CPA, FRIAcc DR. MARINA O. ABELLA
Instructor Dean Vice-President, Academic Affairs

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