questions. The exam will be done through My Accounting Lab. IV. FINAL EXAM COVERAGE Final Exam covers the following chapters: Chapter 4: Job Costing Chapter 5: Activity-Based Costing and Activity-Based Management Chapter 8: Flexible Budgets‚ Overhead Cost Variances‚ and Management Control Chapter 10: Determining How Costs Behave Chapter 13: Pricing Decisions and Cost Management Chapter 15: Allocation of Support-Department Costs‚ Common Costs‚ and Revenues Chapter 16: Cost Allocation: Joint Products
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legitimately belong to that period. True False 12. FIFO follows the job-order costing principle. True False 13. The FIFO method unit costs are used to value output that is related to future periods. True False 14. The weighted average method treats the equivalent output and costs in beginning work-in-process inventories as if they belong to the current period
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Simple system Good for times when there is not a lot of difference year to year and when volume is high because cost allocation are based on volume related overhead rates. Tying maintenance to machine hours and labor Depreciation per machine hour Weaknesses Allocating machine set-ups per machine hours Allocates overhead not per product No useful with wide range of products and volumes No material usage variances were computed by QA Employee benefits per machine hours
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lengths and widths. All are made of white oak wood. The company’s budgeted manufacturing overhead costs for 2012 are as follows: Overhead Cost Pools Purchasing Handling materials Production (cutting‚ milling‚ finishing) Amount $ 60‚000 80‚000 250‚000 Setting up machines 70‚000 Inspecting 90‚000 Total budget overhead costs $550‚000 For the last four years‚ Stellar Stairs Co. has been charging overhead to products on the basis of direct labour hours. For 2012‚ it has budgeted 250‚000 direct
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Accounting 3200 Midterm Exam‚ Term 3 - Chapters 1 - 5 and 17 1‚7‚ Questions #1‚ 6 and 9 are SIX points each. Questions #2 and 7 are FIVE points each. Question #3 is TEN points. Questions #4 and 5 are EIGHT points each. Question #8 is TWELVE points. Question #10 is SIXTEEN points. Question #11 is EIGHTEEN points. BE SURE TO SHOW ALL SUPPORTING COMPUTATIONS. NO COMPUTATIONS = NO POINTS IF ANSWER IS WRONG. Version: HMT03midon 1) Describe management accounting and financial accounting. Managerial
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202 Mid-term Review Chapters 1-4 1. Chapter -1 Multiple Choice Questions 21. Which of the following is not one of the three basic activities of a manager? A) Planning B) Controlling C) Directing and motivating D) Compiling management accounting reports Answer: D Level: Easy LO: 2 22. The delegation of decision making to lower levels in an organization is known as: A) the planning and control cycle. B)
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You may separate the pages but ensure that you put them back together and staple before handing in. 2. Please limit your answer to the space provided. Please indicate if you use the back of a page. 3. The use of standard abbreviations (O/H for Overhead and CM% for Contribution Margin Percentage) is quite acceptable. 4. Budget your time wisely. Please do not ask the invigilators questions. Make reasonable assumptions where necessary. 5. Language dictionaries are allowed. Question Max
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scatter diagram provide above‚ that the overhead cost function for the machine is Y = 36557+ 26.96X‚ X representing the machine hours. The variable overhead for Island Wheels Ltd for an additional machine hour will be $26.96 and the fixed cost is $36557. The R square being 0.902783345 shows the variation in overhead cost in machine hours is 90.28%. the average distance of the data points from the fit line is 2603.23 indicating that average difference of overhead costs from the linear is $2603.23. 2
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accounting textbooks and expects to sell 6‚000 during the coming year. The average selling price per textbook is $75. Projected costs for 6‚000 textbooks are as follows: Direct Materials $94‚500 Direct Labour $45‚000 Variable Manufacturing Overhead $48‚000 Fixed Manufacturing Overhead $96‚000 * Fixed Selling and Administrative $42‚500 Variable Selling and Administrative $25‚000 * Total Fixed Manufacturing Overhead increases to $128‚000 for production levels over 7500 textbooks
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Fountain Codes‚ LT Codes‚ and Raptor Codes Gökhan GÜL gg@tf.uni-kiel.de Susmita Adhikari susmita_adhikari@hotmail.com Eduard Mustafin emu@tf.uni-kiel.de Abstract—In this paper‚ first we explain Fountain Codes. Second‚ the first practical applications of Fountain Codes‚ LT codes are treated. Last but not least‚ based on LT codes and a pre-coding scheme so called Raptor Codes are presented with some record-breaking properties. I. INTRODUCTION The Binary Erasure Channel (BEC) is a channel model
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