...Introduction to Managerial Accounting Regardless of your major or intended career path, most of you will become managers one day. A manager has responsibility and control of selected parts of a company’s operations, or in some cases, multiple aspects of operations. Only those of you that happen to stay at the ‘bottom’ of a company, prefer never to get promoted, or never accept any responsibility for some aspect of a business, will miss the ‘management’ opportunity. Fortunately, none of you will likely fall into this persona given that you have taken the initiative to attend college. Understanding managerial accounting will help you move up the ladder more quickly, regardless of your chosen career path. How Can Managerial Accounting Help You? In any responsible business capacity, your boss and all other management levels above you will want to know how well you handle your responsibilities. To do so requires that they measure your performance. The evaluation process is similar to your perceptions in each college course in which you enroll. During your first class meeting in each course, one of your initial goals is to find out how your performance will be evaluated. In a business environment, you want to know what they expect, i.e., how they will measure your performance. While you won’t be earning letter grades in the business world, your performance will ultimately translate into promotions, bonuses, raises, reprimands, or perhaps dreaded walking...
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...E 1- 12 | | | | | | | | | name of the cost | variable cost | fixed cost | Product cost | period (Selling and adminiatraive) cost | opportunity cost | sunk cost | | | | direct material | direct labor | manufacturing overhead | | | | past rental income | | | | | | | x | | direct materials | x | | x | | | | | | warehouse rental | | x | | | x | x | | | equipment rental | | x | | | x | | | | worker salary | x | | | x | | | | | Depreciationof the space | | x | | | x | | | x | Advertising cost | | x | | | | x | | | Superviser's salary | | x | | | x | x | | | Electricity foroperating machines | x | | | | x | | | | Cost of shipping | x | | | | | x | | | return | | | | | | | x | | P-16A Contribution format | Sales | $ 500,000 | Variable expenses | $ 380,000 | Contribution margin | $ 120,000 | Fixed expenses | $ 90,000 | Net operation income | $ 30,000 | Cost of goods sold * variable cost Advertising expense * fixed cost Shipping expense * mixed cost * (38,000 – 34,000)/(5,000 - 4,000) = 4/1 34,000 – (4,000 * 4) = $18,000( fixed cost ) ∴ Y = 18,000 + 4X Salaries and commissions * mixed cost * (90,000 – 78,000)/(5,000 – 4,000) = 12/1 78,000 - (4000 * 12) = $30,000( fixed cost ) ∴ Y = 30,000 + 12X Insurance expense * fixed cost Depreciation expense * fixed cost ...
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...The value chain is the sequence of business functions in which customer usefulness is added to products or services. In supporting managers, management accountants have three guidelines. These guidelines are: Cost-benefit analysis, behavioral considerations and technical considerations, and different costs for different purposes. Galway Co. management desires cost information regarding its Celtic brand. The Celtic brand is a(n) cost object. Cost objects are anything for which a measurement of cost is desired The cost of a product can be measured as any of the following except as one b. identified as period cost Which of the following is not a factor in cost-volume-profit analysis? c. Total variable costs Chpt.4 PPT----Basic Costing Terminology: Cost objects are anything for which a measurement of cost is desired Direct costs -- can be traced to that cost object in an economically feasible way; indirect costs cannot be traced … Cost-allocation base—a systematic way to link an indirect cost or group of indirect costs to cost objects Costing Systems:In a JOB COSTING SYSTEM, the cost object is a unit or multiple units of a distinct product or service which we call a job. Each job generally uses different amounts of resources. In a PROCESS COSTING SYSTEM, the cost object is masses of identical or similar units of a product or service. In this type of system, we divide the total cost of producing an identical or similar product or service by the total number of units produced...
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...Problem 3-1 (LO2 CC10, 11) (30 minutes) 1. a) Change in cost: Monthly operating costs at 90% occupancy (high level of activity): 450 beds × 90% = 405 beds; 405 beds × 30 days × $29 per bed-day | $352,350 | Monthly operating costs at 60% occupancy (low level, given) | 326,700 | Change in cost | $ 25,650 | Change in activity: | | 90% occupancy (450 beds × 90% × 30 days) | 12,150 | 60% occupancy (450 beds × 60% × 30 days) | 8,100 | Change in activity | 4,050 | | b) | Monthly operating costs at 90% occupancy (above) | $352,350 | | | Less variable costs 405 beds × 30 days × $6.333 per bed-day | 76,950 | | | Fixed operating costs per month | $275,400 | 2. | 450 beds × 70% = 315 beds occupied. | | | Fixed costs | $275,400 | | Variable costs: 315 beds × 30 days × $6.333 per bed-day | 59,850 | | Total expected costs | $335,250 | Problem 3-2 (LO2 CC12, 13) (45 minutes) 1. The scattergraph is presented below. X X Y Y Problem 3-2 (continued) 2. (Note: Students’ answers will vary, depending on how they draw their regression line.) The fixed cost element can be obtained by noting the point where the regression line intersects the vertical (cost) axis. As shown on the scattergraph, this point is at approximately $2,500 per month. Given this figure, the variable cost element can be obtained by the following computation: Total cost at 10,000 kilometres driven per month [approximate amount] | $16,110...
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...% Sales Variable expenses Contribution Margin Fixed Expenses Net operating income $ 20,000.00 $ 12,000.00 $ 8,000.00 $ 6,000.00 $ 2,000.00 per unit $ 100% $ 20.00 60% $ 12.00 40% $ 8.00 1. Total contribution margin Total units sold Contribution margin per unit $ $ 8,000.00 1,000 units 8.00 per unit 2. Total contribution margin Total sales Contribution margin ratio $ 8,000.00 $ 20,000.00 40% 3 Total variable expenses Total sales Variable expense ratio $ 12,000.00 $ 20,000.00 60.00% 4 Contribution margin per unit Increase in unit sales Increase in net operating income Units 900 $ $ 8.00 per unit 1 unit 8.00 Per unit $ 20.00 $ 12.00 $ 8.00 5. Sales Variable expenses Contribution margin Fixed expenses Net operating income 6. Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 18,000.00 $ 10,800.00 $ 7,200.00 $ 6,000.00 $ 1,200.00 Units 900 Per unit $ 16,200.00 $ 18.00 $ 9,720.00 $ 10.80 $ 6,480.00 $ 7.20 $ 6,000.00 $ 480.00 7 Sales Variable expenses Contribution margin Fixed expenses Net operating income 1250 $ 25,000.00 $ 16,250.00 $ 8,750.00 $ 7,500.00 $ 1,250.00 $ $ $ 20.00 13.00 7.00 8 Profit $6,000.00 $8.00 = = = = = = Unit CM X Q - Fixed expenses 750 units 9. Profit $6,000.00 40.00% = = = = = CM ration X Sales - Fixed Expenses $15,000 10 Profit $5000+$6000 $8 11 Sales Break-even sales at units Margin of safety (in dollars) Margin of safety (in dollars) Sales Margin of safety percentage = = = = = = Unit...
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...Introduction to Accounting Why Study Accounting? Engineering Accounting • Accounting is pervasive • Used in all types of organizations An Overview Richard S. Barr – For-profit companies – Not-for-profit companies – Governmental organizations 1 2 Organizations Accounting Common characteristics: • An objective or group of objectives • A set of strategies to achieve its objectives • Managers • A key element of management • You must understand what is being reported – – • Managers' performance is often measured by accounting data • This data is used for decision making • An organizational structure – • A need for information 3 Accounting Systems 4 Types of Information • Are the primary quantitative information system in most organizations In accounting systems: • Attention-directing – – Types of information – Purposes of accounting systems • Problem-solving – • Scorekeeping – 5 6 1 Introduction to Accounting Purposes of Acctg Systems Accounting Systems • Internal reporting to managers for planning and control • Internal reporting for special decisions, policies, and long-range plans • External reporting Four Standard Types 7 8 Types of Accounting Systems Financial Accounting 1. 2. 3. 4. • Primarily for the external decision maker Financial Tax Management Cost – – – • External reporting follows legal and GAAP requirements • Objective:...
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...Advanced Accounting Beams Anthony 11th Edition Solutions Manual Click here to download immediately!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/advanced-accountingbeams-anthony-11th.html ----------------------------------------------------------------------Advanced Advanced Advanced Advanced Accounting Accounting Accounting Accounting Beams Beams Beams Beams Anthony Anthony Anthony Anthony 11th 11th 11th 11th Edition Edition Edition Edition Solutions Solutions Solutions Solutions Manual Manual Manual Manual -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Advanced Accounting Author: Beams Anthony Edition: 11th ISBN-10: 0132568969 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your helper. Delivery is in the next moment. Solution Manual is accurate. Buy now below and the DOWNLOAD LINK WILL APPEAR IMMEDIATELY once payment is...
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...Chapter 1 Introduction to Managerial Accounting Regardless of your major or intended career path, most of you will become managers one day. A manager has responsibility and control of selected parts of a company’s operations, or in some cases, multiple aspects of operations. Only those of you that happen to stay at the ‘bottom’ of a company, prefer never to get promoted, or never accept any responsibility for some aspect of a business, will miss the ‘management’ opportunity. Fortunately, none of you will likely fall into this persona given that you have taken the initiative to attend college. Understanding managerial accounting will help you move up the ladder more quickly, regardless of your chosen career path. How Can Managerial Accounting Help You? In any responsible business capacity, your boss and all other management levels above you will want to know how well you handle your responsibilities. To do so requires that they measure your performance. The evaluation process is similar to your perceptions in each college course in which you enroll. During your first class meeting in each course, one of your initial goals is to find out how your performance will be evaluated. In a business environment, you want to know what they expect, i.e., how they will measure your performance. While you won’t be earning letter grades in the business world, your performance will ultimately translate into promotions, bonuses, raises, reprimands, or perhaps dreaded walking...
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...MANAGERIAL ACCOUNTING 00819 MANAGERIAL ACCOUNTING A 11:0 - 12:30 MW 142 00820 MANAGERIALACCOUNTING B 12:30 - 2:0 ST 142 00821 MANAGERIAL ACCOUNTING C 2:0 - 3:30 MW 142 00825 MANAGERIALACCOUNTING G 9:30 - 11:0 MW 142 00826 MANAGERIAL ACCOUNTING H 11:0 - 12:30 ST 142 00827 MANAGERIAL ACCOUNTING I 12:30 - 2:0 MW 142 00828 MANAGERIAL ACCOUNTING J 2:0 - 3:30 ST 142 00829 MANAGERIAL ACCOUNTING K 3:30 - 5:0 MW 142 MACRO ECONOMICS 01263 MACRO ECONOMICS A 5:0 - 6:30 MW 7072 01265 MACRO ECONOMICS C 9:30 - 11:0 MW 7072 01266 MACRO ECONOMICS D 11:0 - 12:30 ST 7072 01267 MACRO ECONOMICS E 12:30 - 2:0 MW 7072 01268 MACRO ECONOMICS F 2:0 - 3:30 ST 7072 01269 MACRO ECONOMICS G 3:30 - 5:0 MW 7072 01270 MACRO ECONOMICS H 5:0 - 6:30 ST 7072 BEHAVIORAL SCIENCE 00783 INTRODUCTION TO BEHAVIORAL SCIENCE A 3:30 - 5:0 MW 154 00784 INTRODUCTION TO BEHAVIORAL SCIENCE B 5:0 - 6:30 ST 154 00785 INTRODUCTION TO BEHAVIORAL SCIENCE D 9:30 - 11:0 ST 154 00787 INTRODUCTION TO BEHAVIORAL SCIENCE E 11:0 - 12:30 MW 154 00788 INTRODUCTION TO BEHAVIORAL SCIENCE F 12:30 - 2:0 ST 154 00789 ...
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...ADM 335 ACCOUNTING II: MANAGERIAL ACCOUNTING COURSE DESCRIPTION Managerial accounting involves the use of economic and financial information to plan and control many of the activities of the business entity and to support the management decision-making process. The main objective of this course is to explore the relevant issues of cost accounting. Hence, this course examines the acquisition, analysis, and reporting of accounting information from the perspective of effective management decision making, with special emphasis on the planning and control responsibilities of practicing managers. It also familiarizes the student with an electronic spreadsheet package found in today’s business world. TOPICS Topics to be covered in this course: • • • • • • • • • • • • • Managerial Accounting—Definition and Perspective Cost Terms, Concepts, and Classifications Job-Order Costing Process Costing Cost Behavior Analysis Cost-Volume-Profit Relationships Profit Planning and Budgeting Standard Costs and Variance Reporting Flexible Budgets Segment Reporting and Profitability Relevant Costs for Decision Making Statement of Cash Flows Financial Statement Analysis STUDENT—1 ACCOUNTING II: MANAGERIAL ACCOUNTING This syllabus has been developed by the faculty of the College of Business and Management at Cardinal Stritch University. © 2014 Cardinal Stritch University Syllabus Control Number: 061614 STUDENT—2 ACCOUNTING II: MANAGERIAL ACCOUNTING INTRODUCTION SYLLABUS FORMAT This...
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...http://solutionsmanualtestbanks.blogspot.com/2011/10/accounting-principles-weygandt-9th.html Accounting Principles Weygandt Kieso Kimmel 9th Edition Solutions Manual -------------------------------------------------------------------------- Name: Accounting Principles Author: Weygandt Kieso Kimmel Edition: 9th ISBN-10: 047031754X Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your helper. Delivery is in the next moment. Solution Manual is accurate. Buy now below and the DOWNLOAD LINK WILL APPEAR IMMEDIATELY once payment is done! Prepare to receive your Accounting Principles Solution Manual in the next moment. -------------------------------------- Accounting Principles Solution Manual Here’s a sample list of all other solutions manuals we have, if you need any one of them please contact us at solutionsmanualzone@gmail.com -A Transition to Advanced Mathematics by Douglas Smith, Maurice Eggen 5 Solution Manual -Accounting by Carl S. Warren, James M. Reeve 24...
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...http://www.solutionsmanualtb.com click it ,it has the list Introduction to governmental and not-for-profit accounting, 7/e martin ives terry k. Patton solutions manual and test bank Introduction to information systems 2e canadian ed rainer cegielski splettstoesser hogeterp sanchez rodriguez instructor manual Introduction to logic, 14e irving m. Copi solutions manual and test bank Introduction to managerial accounting 6e brewer garrison solutions manual and test bank introduction to organic and biochemistry, 8th edition solutions manual and test bank by frederick a. Bettelheim | william h. Brown introduction to personality toward an integrative science of the person 8e walter yuichi ayduk test bank introduction to research in education, 9th edition solutions manual and test bank by donald ary | lucy cheser jacobs | christine k. Sorensen | david a. Walker introduction to sociology, 11th edition solutions manual and test bank by henry l. Tischler Jones - essentials of contemporary management - 5e, solutions manual and test bank 0078029341 juvenile delinquency: the core, 5th edition solutions manual and test bank by larry j. Siegel | brandon c. Welsh irm and tb Kleppner's advertising procedure, 18/e ron lane karen king tom reichert solutions manual and test bank labor relations: striking a balance 4th edition by john budd solutions manual and test bank Machine elements in mechanical design, 4/e robert l. Mott solutions manual Macroeconomics 10e - slavin – solutions manual and test...
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...Organizational Theory, Design, and Change Jones 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/organizational-theory-d esign-and-change_18.html ----------------------------------------------------------------------Organizational Organizational Organizational Organizational Theory, Theory, Theory, Theory, Design, Design, Design, Design, and and and and Change Change Change Change Jones Jones Jones Jones 6th 6th 6th 6th Edition Edition Edition Edition Test Test Test Test Bank Bank Bank Bank -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Test Bank in e-version of the following book*** Name: Organizational Theory, Design, and Change Author: Jones Edition: 6th ISBN-10: 0136087310 Type: Test Bank - The test bank is what most professors use an a reference when making exams for their students, which means there’s a very high chance that you will see a very similar, if not exact the exact, question in the test! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your...
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...Accredited Tertiary Courses Listing 2012 Accredited Tertiary Courses Listing 2012 – as at 26 September 2012 1 2012 Accredited Undergraduate Courses AUSTRALIAN CAPITAL TERRITORY The Australian National University University of Canberra NEW SOUTH WALES Australian Catholic University Australian Institute of Higher Education Avondale College Charles Sturt University Kings Own Institute Macquarie University Southern Cross University Top Education Institute The University of New England The University of New South Wales The University of Newcastle The University of Sydney University of Technology, Sydney University of Western Sydney University of Wollongong Williams Business College NORTHERN TERRITORY Charles Darwin University QUEENSLAND Australian Catholic University Bond University Central Queensland University Christian Heritage College Griffith University James Cook University Queensland University of Technology The University of Queensland The University of Southern Queensland University of the Sunshine Coast SOUTH AUSTRALIA Flinders University Kaplan Business School The University of Adelaide University of South Australia Open Universities (conferred by Uni of SA) TASMANIA University of Tasmania VICTORIA Australian Catholic University Cambridge International College Carrick Higher Education Deakin University Holmes Institute Holmesglen Institute of TAFE La Trobe University Melbourne Institute of Technology Monash University Northern Melbourne Institute of TAFE RMIT...
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