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Business

ET 104: Costing & Pricing Policy


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About

The course introduces the primary concepts of cost and pricing with emphasis on the cost of products and services, and the structure of job-order cost systems, budgeting, and special decisions involving relevant costs and pricing. It covers the basic purposes of cost and price system and its application in the managerial functions of planning and controlling.

 ET 104 Conceptual Framework_RRomualdo(2)(1).ppt

Credit: 3 Units
 
Prerequisite: None
 
Required Textbook:  Not required                                                                                          

Course Objectives: At the end of the course, the students should be able to develop the following.

  1. Understand the basic concepts of cost and pricing as a management function.
  2. Recognize the critical role of costs and pricing policies and its implication to management decisions, business application and development.
  3. Develop both tactical and strategic approach in solving business management problems to be applied for future endeavors
Requirements:  
 
  1. Attend regular classes and comply with school’s attendance and punctuality guidelines
  2. Pass written examinations and active participation in the class
  3. Submit and deliver on time and on specs oral and written reports

Expectations from Students:

The student’s responsibility is to come to each class prepared. She is also expected to take all examinations on the date scheduled. She should read the assigned problems prior to class. She is expected to attend each class and participate actively in the discussions.

 
Academic Dishonesty:

All ET 104 students are expected to be academically honest. Cheating, lying and other forms of immoral and unethical behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will (at a minimum) receive an F or failure in the course. Plagiarism and cheating refer to the use of unauthorized books, notes or otherwise securing help in a test; copying tests, assignments, reports or term papers; representing the work of another person as one’s own; collaborating without authority, wit another student during an examination or in preparing academic work; signing another student’s name on an attendance sheet; or otherwise practicing scholastic dishonesty.

 
Grading:
 
  1. Class Standing                        20%
    1. Oral Reports
    2. Class discussions participations
  2. Technical Reports                   20%
  3. Theoretical Application           30%
    1. Oral
    2. Written
  4. Written Exams                                    30%