Cost Management
This badge indicates competence and understanding of Measurement as it relates to Cost (types and behavior, actual/normal/standard, plus absorption, variable, and joint/by-product costing). Additional areas of competence include Cost Systems (job order, activity-based, etc.), Overhead (fixed/variable, corporate/departmental, etc.), Supply Chain Management (ERP, Lean Resource management, and Capacity management) and Business Process Improvement (value-add, continuous improvement, benchmarking, and best practices).
Employers can trust that this badge-holder has the knowledge and ability to successfully complete Section D of the CMA Part 1 exam. This is one of 14 badges HOCK international offers related to studying for the CMA exam.
Skills / Knowledge
- Costing: Variable/Direct
- Costing: Joint/By-Product
- Costing: Absorption
- Systems: Costing - Job Ordcer
- Systems: Costing - Activity-Based
- Systems: Costing - Life Cycle
- Overhead: Fixed v Variable
- Ocerhead: Corporate v Departmental
- Supply Chain: Lean Resource Management
- Supply Chain: Enterprise Resource management (ERP)
- Supply Chain: Capacity Management
- Business Process Improvement: Benchmarking & Best Practices
- Business Pricess Improvement: Analysis, Redesign, Standardization
Earning Criteria
Required
Correctly answered 90% of the knowledge review questions.
Scored an 80% or higher on a comprehensive review test.