Cost II

Home page Accounting Department University of Arkansas - Monticello Home Page

Spring 2013 - Section 101101 8:10 - 9:30 A.M. Tuesday Thursday Room 313
Dr. Ted M. Hammett
Office - 317 BBC
(870) 460-1641 Office


ACCT 3433:   Cost Accounting I

 Office Schedule:

My office hours are posted on my door and on my website which is given above.

  Purpose & Objective:

Where we once saw free spending on corporate perquisites, we now observe managers carefully examining activities and expenditures to see if they truly add value in excess of their cost.  This is what Cost management is all about Ė adding more value at lower cost.  Costs do not just happen; they are the result of management decisions.  We cannot continue to passively measure costs; we must actively manage costs to deliver more value. This is accomplished by focusing on what accounting brings to providing management with information and becoming part of the decision making team.  The objectives of the course are listed below:


1.                  Provide the tools for analyzing and managing costs.

2.                  Discuss and enhance the concept of Activity-Based Management.

3.                  Begin the discussion of Planning and Decision Making

 Required Textbook:

Don R. Hanson, Maryanne M. Mowen. Cornerstone of Cost Accounting. 1st Edition,  Mason, OH: Thomson Southwest, 2011.  ISBN:  978-0-538-73678-7

Requirements for Evaluation:  All parts have equal weight Homework will be taken up at random.  I will be taking up problems only the Exercises are to be discussed in class.  You will need to be prepared to discuss the exercises; this will impact your homework grade.  Clickers will be required for this class.  ISBN 978-1934931455



            After Chapter -- 12                                          After Chapter -- 18

            After Chapter -- 14                                          After Chapter -- 20 (Final Exam)

            After Chapter -- 16                                          Note:  Post Test Counts as 20% of final

 Grading Policy:

Because of the bonus opportunities and take-home portions on all tests except the final the following grades are given without appeal:

                                                 100  -  90   =    A                                                          79  -   70    =    C

                              89  -  80    =    B                                                          69  -   60    =    D

Below 60  =     F

 Bonus Opportunity:

Bonus points are possible with a bonus question on all in-class tests excluding the final.  3 points per test.  In addition, there is an opportunity to take quizzers on-line which will provide 3 points added to the average for a perfect score, (you can receive a prorated portion of these points)

NOTE:  The testing policy is if you have take a test late you will forfeit 10 points for each day late that you take the test late (not counting weekends or legitimate exceptions).  More than three days late in taking the test will result in a grade of zero ("0").

 There is no exemption for the final exam in this class so donít even ask.

 Your performance in this subject is directly related with your doing the homework and all class assignments.  Homework will be taken up at random during the semester, and graded.  This grade is applied as an additional test grade.

 Attendance Policy:

As part of the requirement of the University I will be taking attendance for each class period.  I have an attendance policy as documented in the "absence and Grading Policy" attached to this outline.   You are all adults and have paid for this course, don't cheat yourself by not attending class.  As a professional, you will be expected to be responsible for showing up for work and accomplishing the tasks required of you. LAST DATE TO DROP WITH A  "W" March 27, 2013.

Clicker Rule (Attendance):

You are absent if you do not bring your clicker to class the quizzers in class count as part of your homework grade.


Other inappropriate behavior:

Academic dishonesty:

1.      Cheating:  Students shall not give, receive, offer, or solicit information on examinations, quizzes, etc. This includes but is not limited to the following classes of dishonesty:

a.       Copying from another studentís paper;

b.      Use during the examination of prepared materials, notes, or texts other than those specifically permitted by the instructor;

c.       Collaboration with another student during the examination;

d.      Buying, selling, stealing, soliciting, or transmitting an examination or any material purported to be the unreleased contents of coming examinations or the use of any such material;

e.       Substituting for another person during an examination or allowing such substitutions for oneself.

2.      Collusion: Collusion is defined as obtaining from another party, without specific approval in advance by the instructor, assistance in the production of work offered for credit to the extent that the work reflects the ideas of the party consulted rather than those of the person whose name in on the work submitted.

3.      Duplicity: Duplicity is defined as offering for credit identical or substantially unchanged work in two or more courses, without specific advanced approval of the instructors involved.

4.      Plagiarism: Plagiarism is defined as adopting and reproducing as oneís own, to appropriate to oneís use, and to incorporate in oneís own work without acknowledgement the ideas or passages from the writings or works of others.


For any instance of academic dishonesty that is discovered by the instructor, whether the dishonesty is found to be cheating, collusion, duplicity, or plagiarism, the result for the student(s) involved will be a zero on that specific project and if it happens a second time a zero in the course.

Clicker Rules (Cheating):

You are not to use another personís clicker to answer quizzers for them, if caught you will earn a zero for the quiz as will the person whose clicker you used, in addition 10 points will be deducted from both your subsequent tests.  I consider this cheating and I wonít tolerate this any more than catching you copying off someoneís test.

Students with Disabilities:

It is the policy of the University of AR at Monticello to accommodate individuals with disabilities pursuant to federal law and the Universityís commitment to equal educational opportunities.  It is the responsibility of the student to inform the instructor of any necessary accommodations at the beginning of the course.  Any student requiring accommodations should contact the Office of Special Student Services located in Harris Hall Room 120; phone 870 460-1026; TDD 870 460-1626; Fax 870 460-1926.

 McGehee:  Office of Special Student Services representative on campus; phone 870 222-5360; fax 870 222-1105.

 Crossett:  Office of Special Student Services representative on campus; phone 870 364-6414; fax 870 364-5707.

Class Schedule:

January 10 Introduction and administrative matters. Pre-Test Chapter 11 Homework Cornerstone Exercises Problem 11-26  
15 Chapter 11 lecture
17 Chapter 11 lecture

Homework from Chapter 11 due - Chapter 12 Homework Cornerstone Exercise Problem 12-24

    24 Chapter 12  lecture  
  29 Chapter 12  lecture

  31 Examination Chapters 11- 12


February 5

Homework from Chapter 12 due - Chapter 13 Homework Cornerstone Exercise Problem 13-19

    7 Chapter 13  lecture  
12 Homework from Chapter 13 due - Chapter 14 Homework Cornerstone Exercise Problem 14-30

Chapter 14  lecture

    19 Chapter 14  lecture  
21 Examination Chapters 13 - 14


  26 Homework from Chapter 14 due - Chapter 15 Homework Cornerstone Exercise Problem 15-17  

Chapter 15  lecture

March 5 Homework from Chapter 15 due - Chapter 16 Homework Cornerstone Exercise Problem 16-29

7 Chapter 16  lecture


12 Chapter 16  lecture  

Examination Chapters 15 - 16

    26 Homework from Chapter 16 due - Chapter 17 Homework Cornerstone Exercise Problem 17-23  
    27 Last Day to drop with a "W"  
  28 Chapter 17  lecture  
April 2 Chapter 17  lecture

Homework from Chapter 17 due - Chapter 18 Homework Cornerstone Exercise Problem 18-30

9 Chapter 18  lecture
11 Examination Chapters 17 - 18


    16 Homework from Chapter 18 due - Chapter 19 Homework Cornerstone exercises only.  

Chapter 19  lecture

23 Homework from Chapter 19 not taken up - Chapter 20 Cornerstone exercises only,


    25 Field Trip to be announced  
  May 30 Chapter 20  lecture  
  2 Final Exam Room 303  (8:00 - 10:00)