ACCT 1003 – INTRO TO COST & MANAGEMENT ACCOUNTING LECTURE NO. 5 CVP ANALYSIS LESSON OBJECTIVES 1. Understand & explain what CVP business decisions it can aid 2. Appreciate the assumptions of CVP analysis 3. Calculate & Explain the significance of: • Contribution Margin • Break Even Point • Margin of Safety 4. Prepare and explain a CVP graph 5. Use CVP analysis to: • Plan Profits • Determine volume – given profit target • Perform Sensitivity Analysis 6. Incorporate Income Tax Rates in CVP analysis
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Tables of content Page No Introduction 03 Models and concepts affecting the pricing decision 03 Approaches to pricing 04 i. Cost–volume–profit analysis 05 ii. Cost plus mark-up pricing 07 iii. Target rate of return pricing 07 Standard costing and Variance analysis 08 The role of standard costing and variance analysis 12 Limitations of Standard Costing and variance analysis 12 Evaluation of Activity Based Costing system 13 Advantages of
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Northeast Corridor‚ the redevelopment of New York’s Penn Station‚ and new train services in the outer boroughs of New York City. The 2015 studio‚ led by Marilyn Jordan Taylor and Robert Yaro‚ was given the task of developing a plan to integrate the NY-NJ-CT regional rail system through the modernization and expansion of the 25-mile rail corridor from JFK to
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financial statements are based on the accounting equation. This equation presents the resources of a company and the claims to those resources. Assets are economic resources that are expected to produce a benefit in the Future Liabilities are outsider claims. They are debts that are payable to outsiders‚ called creditors. Owners’ equity (also called capital or stockholders equity for a corporation) represents the insider claims of a business. The accounting equation shows the relationship among
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[pic] Management Accounting Submitted to: Dr. James Tong MBA 507: Management Accounting Submitted by: Rajvinder Brar Student Id-0910183 Definition – Historical cost In accounting‚ historical cost is the original financial or monetary value of any economic item. It is based on a stable measuring assumption of a unit. Sometimes
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All‚’ explores the divides between our community and the issues that prevent us as a nation from achieving reconciliation. Ultimately‚ throughout his exordium Pearson is excessively humble‚ ‘it is my honour to have been invited… Alas‚ I cannot promise my teacher’s rigour ‚’ this diminution of his prominent political position equalises Pearson with his audience. He successfully characterises himself as being selflessly modest‚ a successful tool in capturing our attention‚ his choice to do this in the
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and whether to expand or close manufacturing facilities. 11 Decision Making and Relevant Information C h a p t e r Working Working with managers to make decisions is one of the main functions of the management accountant and an important thrust of this book. The use of accounting information for decision making has been a consistent theme in earlier chapters. In this chapter‚ we focus on specific and common decisions such as accepting or rejecting a one-time-only special order‚ insourcing
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GBB/GCB 2033 Introduction of Management (Glossary of Items) Chapter 1 – Managers and Management 1. An organization is a deliberate arrangement of people brought together to accomplish some specific purpose. 2. Non-managerial employees work directly on a job or task and have no oversight responsibility of others. 3. Managers direct the activities of other people in the organization. 4. Top managers are responsible for making decisions about the direction of the organization and establishing
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The Documentary Hypothesis was created by Julius Wellhausen in 1878‚ and it was used to explain the different groups of people‚ and ways the Torah was written and edited. There are four different groups within this theory that consist of the J‚ E‚ D‚ and P’s (Coogan‚ 43). At first it started out with the problem of timing for the different names of God that the J’s and E’s focused on. The J’s were the Yahwist; claiming to the idea that the name Yahweh starts from the begging‚ in Genesis. The E’s
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INTRODUCTION TO MANAGEMENT Q#1: Define management with reference to various experts. OR Q: Management is getting things done through people‚ in the light of this statement give a concise definition of the term management According to George R. Terry‚ "Management is a distinct process consisting of planning‚ organising‚ actuating and controlling‚ performed to determine and accomplish stated objectives by the use of human beings
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