ACCT116 Management Accounting Spring Semester 2012/13 Course Instructor Dr Emad AWADALLAH Library Building Basement Room B161 Email: emad.awadallah@qu.edu.qa Contact Details O Course Instructor: Dr Emad AWADALLAH My Office room: Library Building‚ Basement‚ Room B161 Office Hours: Sunday Female 9:30-10:30 am Office Hours: Thursday Male 9:30-10:30 am E-mail: emad.awadallah@qu.edu.qa Core Text Book By Garrison‚ Noreen and Brewer‚ 14th edition‚ 2011. Assessment Grading First Exam Second
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2/c Tyler Hames Managerial Accounting Case: A4-61 PROBLEM STATEMENT: Axis Systems specializes in servers for work-group‚ e-commerce and ERP applications. The company’s original job costing system has two direct cost categories: direct materials and direct labor. Overhead is allocated to jobs at the single rate of $22 per direct labor hour. The CFO recently spear headed the allocation issue of jobs and came up with an ABC system to compare to the traditional accounting system. Axis System has
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Accounting chapter 7 managerial accounting Exercises Lambert Fabrication‚ Inc.‚ uses activity-based costing data for internal decisions. The company has the following four activity cost pools: Activity Cost Pool Annual Activity Producing units 5‚000 machine-hours Processing orders 1‚000 orders Customer support 200 customers Other Not applicable The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The company traces the costs of direct
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* 45‚000 = 1‚350‚000 Less var. CGS 12*45000 540‚000 CM 810‚000 less fixed costs: FMO 180‚000 Fixed S & admin. 160‚000 Net income 470‚000 EX5-18 3.6 * 5000 = 18‚000 And 488‚000 – 470‚000 = 18‚000 Problem 5-2 VC per unit = 75 2013 2014 2015 Full cost per unit = 50‚000/5000 50‚000/6‚000 50‚000/4000 10 8.33 12.50 Add 75 75 75 = 85 83.33 87.50 Sales= 225*5000 1‚125‚000 1‚125‚000 1‚125‚000 Less CGS
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CHAPTER 2 EXERCISES & PROBLEMS SOLUTIONS E2.1. Category Financial Statement(s) Cash…………………………………………… A BS Accounts payable…………….……………….. L BS Common stock………………………………… OE BS Depreciation expense………………………….. E IS Net sales……………………………………….. R IS Income tax expense……………………………. E IS Short term investments………………………... A BS Gain on sale of land……………………………. G IS Retained earnings……………………………… OE BS Dividends payable……………………………
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Discussions for Managerial Accounting: Week 4: Discussion 1 How does activity-based costing differ from the traditional costing approach? When would it give more accurate costs than traditional costing systems? * Activity based costing (ABC) is a method for assigning costs to products‚ services‚ projects‚ tasks‚ or acquisitions‚ based on the activities that go into them and the resources consumed by these activities. ABC contrasts with traditional costing‚ which sometimes assigns costs using
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Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. True False 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. True False 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. True False
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CHAPTER 3 Product Costing and Cost Accumulation in a Batch Production Environment ANSWERS TO REVIEW QUESTIONS 3-1 (a) Use in financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost
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0:35:22 Category Overview เเเเเเ 22‚ 2013 Homework 7 Replications: 1 Time Units: Minutes Key Performance Indicators System Number Out Average 996 Model Filename: D:\NOOK\Simulation Class\Homework\HW3_07_04\HW3_07_04 Page 1 of 6 0:35:22 Category Overview เเเเเเ 22‚ 2013 Homework 7 Replications: 1 Time Units: Minutes Entity Time VA Time Part 1 Part 2 Part 3 Part 4 NVA Time Part 1 Part 2 Part 3 Part 4 Wait Time Part 1 Part 2 Part
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MOUNT SAINT VINCENT UNIVERSITY Halifax‚ Nova Scotia Department of Business & Tourism Business 3320 (All sections) Managerial Accounting I Course Outline Fall 2013 Welcome to BUSI3320 Managerial Accounting Why study Managerial Accounting? As a manager (current or future) you will need accounting information to help you make decisions that will enhance your organization. You will learn how to develop and apply this information in the real world. Hopefully you will learn critical thinking skills
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