Dipolog Medical Center College Foundation

School of Business and Accountancy

Instructor: Hurly B. Alampay, CPA

Subject: Cost Accounting
Date: January 16, 17, 23, and 24, 2017
Time: 2:30-4:00pm/ Monday and Tuesday

A. Objective
a. Distinguish between financial, managerial, and cost accounting.
b. Distinguish between merchandising and manufacturing operations.
c. Identify the uses of cost accounting data.
d. Distinguish between job order costing and process costing
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
Students may consider the importance of cost in making decisions in life or in
business environment. Cost-benefit theory.
D. Learning Activities
Each student must Recapitulate/Summarize the topic after the discussion.
E. Evaluation
Written quiz
F. Assignment
Memorize or familiarize the basic cost terminologies for next weeks oral
recitation.
 Dipolog Medical Center College Foundation
School of Business and Accountancy

Instructor: Hurly B. Alampay, CPA

Subject: Cost Accounting
Date: January 30-31,2017
Time: 2:30-4:00pm/ Monday and Tuesday
A. Objective
a. Distinguish between cost, expenses, and losses.
b. Enumerate and define different concepts and classification of cost.
c. Define the three integral components of product.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
In life, we should not conclude immediately that we are at a loss or failure cause
in achieving ones success. It is normal that we have to sacrifice for something,
maybe its a cost or an expense, we can achieve what we dream.
D. Learning Activities
Class participation
E. Evaluation
Oral Recitation and written quiz
F. Assignment
Study in advance Chapter 3 of De Leon.

Dipolog Medical Center College Foundation

 School of Business and Accountancy

Instructor: Hurly B. Alampay, CPA

Subject: Cost Accounting
Date: February 6, 7, 13, and 14, 2017
Time: 2:30-4:00pm/ Monday and Tuesday

A. Objective
a. Understand the cost accounting cycle.
b. Prepare the different financial statements for a manufacturing entity.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
It is important to be transparent at all times, in order the people around us may
rely on what weve informed to them.
D. Learning Activities
Class participation and post quiz.
E. Evaluation
Board work and written quiz.
F. Assignment
Answer Chapter 1 comprehensive problems of Guerero.

Dipolog Medical Center College Foundation

School of Business and Accountancy
Instructor: Hurly B. Alampay, CPA
Subject: Cost Accounting
Date: February 27-28,2017
Time: 2:30-4:00pm/ Monday and Tuesday
A. Objective
a. Differentiate among the forms used in the purchase and issuance of materials
such as purchase requisition, a purchase order, a receiving report, and a
materials requisition.
b. Know the essential requisites to an effective internal control system for
materials.
c. Know the procedures in purchasing materials.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
Students may appreciate the importance of having proper and effective internal
control with regards to disbursements.
D. Learning Activities
Class participation and post quiz
E. Evaluation
Oral Recitation and written quiz
F. Assignment
Answer the first 3 comprehensive problems of Chapter 2 (Guerero)

Dipolog Medical Center College Foundation

School of Business and Accountancy
Instructor: Hurly B. Alampay, CPA
Subject: Cost Accounting
Date: March 6-7,2017
Time: 2:30-4:00pm/ Monday and Tuesday

A. Objective
a. Know how to calculate the cost of materials issued.
b. Know how physical inventories of materials are taken and valued.
c. Know how inventory adjustments are recorded.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
Students may realize that it is important to know the proper cost control of
inventories to avoid loss and misstatements.
D. Learning Activities
Class participation
E. Evaluation
Written quiz
F. Assignment
Answer the first 3 comprehensive problems of Chapter 4 (Guerero)

Dipolog Medical Center College Foundation

School of Business and Accountancy
Instructor: Hurly B. Alampay, CPA
Subject: Cost Accounting
Date: March 13-14,2017
Time: 2:30-4:00pm/ Monday and Tuesday

A. Objective
a. Know how to account production losses such as scrap, spoiled goods, and
defective goods.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
Students may appreciate the importance of segregating or classifying the goods
to avoid understatement and overstatement of cost of goods.
D. Learning Activities
Class participation
E. Evaluation
Written quiz
F. Assignment
Study in advance Accounting for Labor.

Dipolog Medical Center College Foundation

School of Business and Accountancy
Instructor: Hurly B. Alampay, CPA
Subject: Cost Accounting
Date: March 20-21,2017
Time: 2:30-4:00pm/ Monday and Tuesday
A. Objective
a. Distinguish between and account for direct and indirect labor as they are
used in the production process.
b. Identify the three activities involved in accounting for labor.
c. Know how to compute the labor cost per unit.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
In life, it is important to know the direct and indirect factors that affect/s ones
living.

D. Learning Activity/activities
Board work
E. Evaluation
Written quiz

F. Assignment
Study for midterm exam.

Dipolog Medical Center College Foundation

School of Business and Accountancy
Instructor: Hurly B. Alampay, CPA
Subject: Cost Accounting
Date: April 3, 4, 10, 11, 17 and 18, 2017
Time: 2:30-4:00pm/ Monday and Tuesday

A. Objective
a. Compute factory overhead rate using the different bases.
b. Apply the concept of actual factory overhead and applied factory overhead.
c. Compute the different methods of allocating budgeted service department to
producing department.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
Students may realize that there are many possible solutions on how to solve
problems or failures in life.
D. Learning Activities
Reporting, class participation and post quiz
E. Evaluation
Written quiz
F. Assignment
Study for semi-final exam.

Dipolog Medical Center College Foundation

School of Business and Accountancy
Instructor: Hurly B. Alampay, CPA
Subject: Cost Accounting
Date: May 2, 8, and 9, 2017
Time: 2:30-4:00pm/ Monday and Tuesday

A. Objective
a. Define Activity based costing, cost object, cost pool, cost drivers and activity
centers.
b. Differentiate ABC and traditional costing.
c. Explain the steps in computing overhead cost using ABC.
d. Compute overhead cost per unit using ABC and traditional costing.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Motivation
Students may appreciate the importance of ABC as it helps to minimize non-
value adding cost to create a certain product.
D. Learning Activities
Reporting
E. Evaluation
Written quiz
F. Assignment
Study in advance Backflush and JIT.

Dipolog Medical Center College Foundation

School of Business and Accountancy
Instructor: Hurly B. Alampay, CPA
Subject: Cost Accounting
Date: May 15-16, 2017
Time: 2:30-4:00pm/ Monday and Tuesday

A. Objective
a. Fully understand the concept about Job order costing system, backflush
costing, and JIT costing system.
B. Materials/references
Cost Accounting Vol. 1 by Pedro Guerero; and Cost Accounting 2012 Edition
by Guillermo De Leon
C. Learning Activities
Reporting
D. Evaluation
Written quiz
E. Motivation
Students may realize that in order to have a good quality of raw materials
and to minimize defective and spoiled goods, it is good to use just-in-time
costing system.
F. Assignment
Study and prepare for the final exam.