DOWNLOAD ANSWERS Page 1 1. (TCO 1) A difference between actual costs and planned costs 2. (TCO 1) Which of the following is not likely to be a fixed cost? 3. (TCO 2) Which of the following is not a manufacturing cost? 4. (TCO 2) A job-order costing system is likely used by a 5. (TCO 3) Equivalent units are calculated by 6. (TCO 3) The Freedom Corporation’s painting department had a beginning inventory of 580 units‚ which had direct material costs of $22‚715. During June‚ 9‚290 units were started
Premium Costs Variable cost Cash flow
plots help determine whether regression analysis should be performed using any of the potential drivers. 6. Why the cost per unit under the traditional costing system is different from the cost per unit under the ABC system. In the traditional costing system‚ the indirect costs were combined into a single cost pool and then allocated based on direct labor hours used by each order. Direct labor hours may or may not
Premium Costs Variable cost Cost
Reference Questions A. Specialist cost & mgt. accounting techniques 2/7-4/7‚ 7-11‚ 14-18‚21-22/7….. 2 weeks BPP Kaplan 1. Activity-based costing 4 2a 1 Triple (Pilot-1)‚Linacre(D05-3) Jola (J08-4)‚ Gadget (D10-4) Wash co D12-(except cii) Photocopy*CIMA‚ Duff Co J14 2. Life-cycle costing 2 2c 1 Wargrin (D08-4)‚ Fit Co(D11-4(a)&(c))‚ 3. Target costing 2 2b 1 Edward (D07-1)‚ UHS (J12-2) 4.Throughput accounting 4 2d 1 MN Ltd‚ Flopro Yam Co (J09-1)‚Thin Co (J11-5)
Premium Management accounting Cost accounting Cost-benefit analysis
control issues in a changing organization. Kincaid Manufacturing‚ by Jon Yarusso and Ram Ramanan‚ discusses supply chain management. Osram.NA‚ by John Shank‚ Lawrence Carr‚ and William Lawler‚ discusses economic value to customer and related life cycle costing issues. Pleasant Run Children’s Home‚ by Brooke E. Smith‚ Mark A. McFatridge‚ and Susan B. Hughes‚ discusses dealing with the
Premium Cost Cost driver Management accounting
|% of Revenue |Teajon Branch |% of Revenue | | | |Team |Activity |Cost Drivers | |IT |Branch PC Maintenance |# of PC Units | | |Headquarters IT system |# of Branches | | |Support
Premium Revenue Costs Cost driver
Colin Drury‚ Management and Cost Accounting - Dumbellow Ltd Dumbellow Ltd Stan Brignall‚ Aston Business School The Board of Dumbellow Ltd are meeting on the 23rd January to discuss the draft budget for 2000/1‚ some two months before the start of that year. The company produces three industrial valves which are incorporated into equipment used in the Oil and Gas industry. The draft income statement is as follows: Product X £k Sales 100k units at £15 80k units at £25 120k units at £10 Materials
Premium Cost Costs Management accounting
Final Paper 1 ACC 202 Final Paper ACC 202: Principles of Managerial Accounting February 7‚ 2015 Final Paper 2 ACC 202 Final Paper Management accounting is accounting which is used by administration of a company or organization to make decisions concerning day to day functions. Management accounting‚ also referred to as managerial accounting‚ is required for administrators to make smart decisions regarding the way the organization is performing. Managerial accounting demonstrates
Premium Management accounting Activity-based costing Decision making
Cases for Management Decision Making CA-1  suggested uses of cases Case CASE 1 Greetings Inc.: Job Order Costing CASE 2 Greetings Inc.: Activity-Based Costing CASE 3 Greetings Inc.: Transfer Pricing Issues CASE 4 Greetings Inc.: Capital Budgeting CASE 5 Auburn Circular Club Pro Rodeo Roundup CASE 6 Sweats Galore CASE 7 Armstrong Helmet Company Overview This case is the first in a series of four cases that presents a business situation in which a traditional retailer decides
Premium Costs Variable cost Cost
outcomes (a)Have knowledge and understanding of… - the behaviour of costs; - the techniques and uses of marginal and absorption costing; - the process of budgetary control; - the preparation and interpretation of financial accounting reports b) Skills and attributes. Be able to…. - prepare costing statements using both marginal and absorption costing; - explain the usefulness of such statements for accounting and decision-making; - prepare a cash budget; - explain the process of
Premium Management accounting Costs Activity-based costing
Syllabus Course number： Course(in English)： Management Accounting Credit hour：3 Pre-course： Instructing language： Chinese Courseware： English Semester： Fall Course kind： Required course Objects： Master The Course Objectives After the study of this course‚ students should gain full knowledge of the key conceptual framework and generally used methods of management accounting as an important decision making tool for management of businesses
Premium Activity-based costing Management accounting Cost accounting