typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] compaq [Type the company name] [Pick the date] Contents Concept of Cost Accounting……………………………………………………………………03 Introduction……………………………………………………………………………………..03 Traditional costing v/s activity based costing…………………………………………………..04 Need for an Activity Based Costing……………………………………………………………06 Stages in Activity Based Costing……………………………………………………………
Premium Cost accounting Management accounting Costs
Historical cost accounting Advantages • Historical cost accounts are straightforward to produce • Historical cost accounts do not record gains until they are realized • Historical cost accounts are still used in most accounting systems Disadvantages • Historical cost accounts give no indication of current values of the assets of a business • Historical cost accounts do not record the opportunity costs of the use of older assets‚ particularly property which may be recorded at a value based
Premium Asset Costs Balance sheet
Subject: Bad Debt Expense Memo Introduction Your company has three uncollectible accounts which from three new customers: University of Hare-Brain‚ Dim-State University‚ and the College of Silly‚ each of them owned amount of $5‚000 when they filed for bankruptcy. You decide whether to write the total $15‚000 account payable off as a bad debt
Premium Generally Accepted Accounting Principles Income statement
Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
Premium International Financial Reporting Standards Financial Accounting Standards Board Financial statements
Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. | 2. (TCO A) The costs of staffing and operating the accounting department at Central Hospital would be considered by the Department of Surgery to be (Points : 6) | direct costs. sunk costs. incremental costs. None of the above | 3. (TCO A) The cost of lubricants
Premium Costs Cost Variable cost
155. 5 AP 157. 5 AP a159. 9 AP sg This question also appears in the Study Guide. st This question also appears in a self-test at the student companion website. a This question covers a topic in an appendix to the chapter. 25 - 2 Test Bank for Accounting Principles‚ Eighth Edition SUMMARY OF QUESTIONS BY STUDY OBJECTIVES AND BLOOM’S TAXONOMY
Premium Cost accounting Costs
following would not tend to make a manufacturer choose a perpetual inventory system? A. Management wants information about quantities of specific products. B. A low volume of sales transactions and a computerized accounting system. C. A high volume of sales transactions and a manual accounting system. D. Items in inventory with high per unit costs. 3-37. Which of the following factors would suggest the use of a perpetual inventory system? A. A small company. B. A high volume of many different
Premium Balance sheet Inventory Generally Accepted Accounting Principles
CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
Premium Operating leverage Income tax Net income
Contents Executive summary 2 Industry analysis………………………………………………………………………………………………………………………….3 Major external environmental factors 3 Money exchange………………………………………………………………………………………3 Economic situation……………………………………………………………………………………4 The politics……………………………………………………………………………………………4 Five forces…………………………………………………………………………………………………………………………...5 Main strategies…………………………………………………………………………………………………………………….6 Site visit and company report 7 Value chain 7 Research and development
Premium Costs Shipping Cost
Question 1 Use the data below to answer Parts (a) through (c). Show all calculations in your solutions. On January 1‚ 20X2‚ Haika Inc. purchased 60% of the outstanding voting shares of Selina Co. for $3‚000‚000. On that date‚ Selina’s shareholders’ equity consisted of retained earnings of $2‚000‚000 and ordinary shares of $1‚000‚000. Selina’s identifiable assets and liabilities had fair values that were equal to their carrying values on January 1‚ 20X2‚ except for the following: | Fair value
Premium Balance sheet Generally Accepted Accounting Principles Depreciation