Basic Costing in MS Excel
Cost allocation, cost gap analysis, and pricing templates in Excel
About This Course
Course Information
This course provides a basic understanding of how to use actual data for a business to compute the cost gap. This will help the business in making pricing decisions or controlling its costs. By the end of this course, you will be able to: How to transform raw cost data into meaningful information for the management How to apply costing allocation principles using spreadsheets How to visually demonstrate cost summaries for executive reporting
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 5 units of CPD. One unit is the equivalent of one hour of learning. A certificate will be issued once you have completed all 5 units.
Course Sections
This Course is made up of the following sections:
- Total Cost Summary (Video and Quiz)
- Cost Gap (Video and Quiz)
- Additional Quizzes and Course Completion Survey
- Additional Reading Materials
What You Will Learn
- Calculate total cost summaries by allocating overheads based on labour hours
- Apply cell-locking techniques to build reusable costing templates in Excel
- Prepare a cost gap summary comparing actual costs against target costs
- Identify favourable and adverse cost variances using conditional formatting
- Explain how direct material, labour, and overhead costs contribute to total unit cost
- Describe how a bar-of-pie chart can visually break down cost components
Who This Course Is For
- Accountants and finance professionals who need to prepare cost summaries from raw business data
- Small business owners who want to track production costs and pricing margins in Excel
- Management accountants looking to build reusable costing templates for monthly reporting
Prerequisites
- Basic familiarity with Excel (entering data, simple formulas, navigating worksheets)
- No prior costing or management accounting knowledge is required
Frequently Asked Questions
Course Details
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