CHAPTER 12 ACTIVITY-BASED COSTING LEARNING OBJECTIVES AFTER STUDYING THIS CHAPTER‚ YOU SHOULD BE ABLE TO: 1. Discuss the limitations of using only unit-based drivers to assign costs. 2. Provide a detailed description of activity-based product costing. 3. Describe how homogeneous cost pools can be used to reduce the number of activity rates. 4. Describe activity-based system concepts including an ABC relational database and ABC software. chapter summary THIS CHAPTER EXPLAINS HOW
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1. Managerial accounting concepts. 2. Managerial accounting practices. 3. Use of managerial accounting information for decision making. 4. Pitfalls. Accounting is a branch of study concerned with the generation ( identification & measurement ) and provision (Communication) of information. Managerial accounting is in particular accounting for the internal management of organizations. A. Financial versus Managerial Accounting Financial Accounting
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assets) Source of FDI: Since World War II‚ the U.S. has been the largest source country for FDI. United Kingdom‚ Netherlands‚ France‚ Germany and Japan are other important source countries. China is upcoming major source. Form of FDI Acquisition versus greenfield: * Most are mergers and acquisitions‚ rather than greenfield. * Easier and less risky rather than to build from scratch. * Firms believe that they can increase the efficiency of an acquired unit by transferring capital‚ technology
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million federal loan guarantee to secure bank credit to complete its L1011 Tri-Star aircraft. Preproduction costs were $960 million during 1967-71. The production phase beginning in 1972 would be in the range of 210 – 300 aircraft‚ and extend as far as 1980. The project was regarded as inventory intensive and front loaded; 35 planes per year was the planned annual output. Unit production costs were given at $14 million for the low
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This paper attempts to expose the verses of Romans 12:1-2 and Philippians 4:8-9 historical and literary context and meaning of the passages. The Historical and Literary Context of Each Passage (Romans 12:1-2 and Philippians 4:8-9). According to C. Meeks‚ The transition from Old Testament prophetic speech to New Testament preaching is influenced by the Roman and Hellenistic discussion on the written description of Scripture during the development of the temple. () Meeks points out‚ the Jewish and
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Case #06CVD1620-2 Modification This document shall serve as a Modification of the above mention divorce decree‚ agreeable by both parents: Kristen D. Lord (Mother) and Brian L. Lord (Father) concerning the residency and visitation of their two minor daughters; Sierra F. Lord (age 14) and Savannah G. Lord (age 12). Residency Both parents agree that Sierra F. Lord shall reside with her mother for 9th‚ 10th‚ 11th‚ and 12th grade school years. Likewise it is agreed that Savannah G. Lord shall also
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Cash Flow Statements - Indirect method – Reconciliation for Cash from Operations –from Accrual profit to Cash generated. Accrual profit recorded items below that did not involve Cash Action to derive Cash Explanations and reasons for adjustments necessary to derive Cash from Operations [Profit making activities] 1 Depreciation buildings Add back Non cash expense that reduced profit 2 Proceeds from sale of Asset deduct Non cash gain or profit that increased profit 3 Carrying amount of Asset sold
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Chapter 12 section1 and 2 Quiz True/False Indicate whether the statement is true or false. ____ 1. Social Darwinists justified expanding American power overseas by suggesting that nations competed with each other‚ and only the strongest would survive. ____ 2. Latin American delegates to the Pan-American conference in Washington‚ D.C.‚ agreed to a customs union with the United States. ____ 3. The Rough Riders were a cavalry unit commanded by Theodore Roosevelt. Multiple Choice
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Direct communication strategy- involves stating important points quickly‚ usually in the beggining of a message. Indirect communication strategy- delays important points until after they have been explained. Direct Approach When you use the direct approach‚ the main idea (such as a recommendation‚ conclusion‚ or request) comes in the "top" of the document‚ followed by the evidence. This approach is used when your audience will be neutral or positive about your message. In the formal report‚ the
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Topics discussed in this section: Address Space Notations Classful Addressing Classless Addressing Network Address Translation (NAT) Note An IPv4 address is 32 bits long. The IPv4 addresses are unique and universal. The address space of IPv4 is 32 2 or 4‚294‚967‚296. Figure 4.1 Dotted-decimal notation and binary notation for an IPv4 address Example 4.1 Change the following IPv4 addresses from binary notation to dotted-decimal notation. Solution We replace each group of 8 bits with its equivalent
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