University of Washington – ACCT 225 – Intro Managerial Accounting Midterm 2 Study Guide Below is a list of some of the things you should definitely be familiar with for Midterm 2. It is not intended to be a complete list. Rather‚ this should be used a supplement to the studying you were otherwise doing. Chapter 7 Under variable costing‚ only those manufacturing costs that vary with production quantity (output) are included as product costs. This would typically include direct materials‚ direct
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CHAPTER 7 The Summary of Findings‚ Conclusions and Recommendation Based on the information presented in this feasibility study‚ it is recommended that the oyster mushroom chips business be pursued. The findings of this feasibility study show that the proposed business did not suffer any losses in the first four years of their operations. Summary of Findings This part summarizes the findings that were garnered in the whole duration of the feasibility study. The Marketing Aspect 1. The business
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Chapter 7 Student: ___________________________________________________________________________ 1. To make sure the Japanese operations replicated the "Starbuck’s experience" in North America‚ Starbucks insisted on all of the following except: A. stores are required to adhere to the design parameters established in the U.S. B. all store managers and employees are required to attend training classes similar to those given to U.S. employees. C. transferring some employees to the Japanese operation
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PROBLEM 1. The Huyden Company builds equipment to customer’s specifications. On March 1‚ two jobs were in process with the following costs and information: | Job 43 | Job 44 | Direct materials | $10‚200 | $34‚400 | Direct labor | 21‚000 | 10‚400 | Applied overhead* | 4‚950 | 7‚370 | Total cost | $36‚150 | $52‚170 | | | | Machine hours | 45 | 67 | *Applied on the basis of machine hours During March‚ Job 45 was started and Job 44 was completed and delivered to
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Midterm Exam You will have 2 ½ hours to complete the exam. The exam is open note and open book‚ everything but open conversation. There are nine (9) problems worth 30 points each. Take your time. You cannot stop and restart the exam. You will not need a proctor for the exam. You will need to know how to calculate the following: Product costs Period costs Variable costs Fixed costs High-low method Prepare a contribution format income statement Prepare a traditional format income statement
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Chapter 7 Australia’s Healthcare System 1. Summarise the five primary responsibilities of the federal government with regards to the health system. -The management and funding of Medicare -The management and funding of the pharmaceuticals Benefit Scheme (PBS) -The regulation of private health insurance -The development and regulation of health policy and legislation -The management of national health programs 2. a. Define Medicare. - Medicare is Australia’s universal health insurance scheme
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Chapter 7 David Connor 1. The ____________ motor is the most common motor used in hermetically sealed units. a. Capacitor-start‚ induction run b. Repulsion-start‚ induction run c. Induction run d. Induction run two phase and polyphase 2. Of the four listed motors‚ which is the most commonly used on external drive‚ belt driven compressors? e. Induction two-phase and polyphase.
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1. Research online news services to identify recent developments impacting the accounting and auditing profession in Japan. Briefly summarize these developments in a bullet format. The 5-S auditing. Managerial Auditing Journal It has been recognized that Japanese firms are clean and orderly. The same is true for high quality western firms. Over the last two decades‚ the Japanese have formalized the technique and named it 5-S practice. As the name is new to most western societies‚ the objective
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Table of Contents I. Introduction Pg. 2 II. Accounting Overview Pg. 3 III. Financial (Cost) & Management Accounting Pg. 4 IV. Management Accounting role in the Organization Pg. 6 V. Communication and presentation Pg. 7 VI. Management Process Pg. 8 VII. Conclusion Pg. 10 VIII. End Notes Pg. 11 IX. Bibliography/Further Readings Pg. 12 Introduction As a business owner‚ manager‚ and director of various business entities
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Prologue Managerial Accounting and the Business Environment Study Suggestions ( The prologue describes important aspects of the contemporary business environment. While there are no written assignments‚ you should be familiar with the major ideas as background for your study of managerial accounting. HIGHLIGHTS A. In many industries‚ a company that does not continually improve will find itself quickly overtaken by competitors. The text discusses
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