Rodeo in the Classroom: Activity Based Costing Simulation

Authors

  • Nikki Shoemaker Stephen F. Austin State University
  • Marie Kelly Stephen F. Austin State University

Keywords:

Accounting, Finance, Activity Based Costing, Costing

Abstract

This paper describes a classroom Activity Based Costing simulation called Rodeo in the Classroom. This simulation has been used in several introductory managerial accounting and cost accounting courses in order to help students understand the difference in the application of overhead between Job Order Costing and Activity Based Costing methods. Each student is assigned their own rodeo simulation and must calculate its cost using specific cost drivers. To verify their calculations, students with the same rodeos are grouped together to compare costs. Final rodeo costs are presented to the class where differences in cost allocations and reasons for these differences are discussed.

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Published

2019-03-12

How to Cite

Shoemaker, N., & Kelly, M. (2019). Rodeo in the Classroom: Activity Based Costing Simulation. Journal of Accounting and Finance, 16(5). Retrieved from https://articlegateway.com/index.php/JAF/article/view/1050

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Section

Articles