Managerial Accounting 10th of March Anhar Hardjakusumah Understanding Cost Concepts Cost Terminology Product (Manufacturing over(head+ direct labor and materials) and Period Cost (selling + administrative) Variable and Fixed Cost Direct and Indirect Cost Controlable and uncontrollable cost Differential (the difference between the cost of two alternative decisions) Marginal (the change in the total cost that arises when the quantity produced has an increment by unit. That is‚ it is the cost of
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School of Management and Economics Bachelor thesis‚ 10 p Examiner: Jerzy Kociatkiewicz Tutor: Anders Jerreling Växjö 2006-06-02 The impact of accounting information on management’s decision-making process A Case Study Group A1: Vera Lengauer Adelheid Mayr Sandie Parasote (A) (I) (F) vleex05@student.vxu.se ambex05@student.vxu.se spaex05@student.vxu.se 1 Executive Summary Wexiödisk AB is a producer of dishwashing machines for professional use. Its headquarter is located in
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Benefits of a Cost Accounting Information System By kmoney4islam. Cost accounting offers benefits for manufacturing companies. A cost accounting information system offers benefits for many companies. Cost accounting is a type of accounting method concerned with the cost of goods manufactured and /or sold. Many factors are taken into consideration when cost accountants analyze business costs . The information determined by these accountants is used for inventory valuation ‚ financial statements
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Describe how value-added is calculated. To what extent are value added‚ cashflow‚ and profit connected to a company’s sales performance? Discuss using an extended examples. According to Gilchrist (Gilchrist‚ 1971) the value-added is a notion that companies should always be focused on. It can be defined as the measure of the amount of money created by a company. In economics and business languages‚ it is a term increasingly and wildly used in economic press or in politic speeches for example‚
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Chapter 1 Cost Accounting: Information for Decision Making Solutions to Review Questions 1-1. Financial accounting is designed to provide information about the firm to external users. External users include investors‚ creditors‚ government authorities‚ regulators‚ customers‚ competitors‚ suppliers‚ labor unions‚ and so on. Cost accounting systems are designed to provide information to internal users (managers). This difference is important‚ because it affects the design of the systems. Financial
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ukessays.com http://www.ukessays.com/essays/accounting/history-of-accounting-traces-to-ancient-civilizations.php History of Accounting -Traces To Ancient Civilizations Various attempts have been made to locate the place and time of the birth of the double-entry system resulting in various scenarios. Most of these scenarios recognize the presence of some form of record keeping in most civilizations dating back to about 3000 BC. Included are the Chaldean-Babylonian‚ Assyrian and Sumerian
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Galilee College Managerial Accounting Final Exam Overview for Saturday June 8th Instructions A. Complete the budgeting questions and any one of the others. 1. Service Cost Allocations CLASS: Teck Tecky Water Services provides water for Departments A‚B and C and has prepared its total budget using the following information for the next year:- Fixed Costs $300‚000 Budgeted Gallon Usage:- Variable Costs $0.10 per gallon Dept. A 2‚500‚000 gallons Available capacity 10‚000
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(FALSE) 8.) Managerial accounting places less emphasis on non monetary data than financial accounting? (FALSE) 9.) Direct material cost combines with manufacturing overhead cost is known as conversion cost? (FALSE) direct labor 10.) The cost of shipping parts from a supplier is not considered a product cost? (FALSE) it is a product cost 11.) The fixed cost per unit is constant and does not depend on how many units are produced? (FALSE) it does depend (it is not constant) 12.) Managerial accounting is primarily
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Accounting Information Systems‚ 12e (Romney/Steinbart) Chapter 1 Accounting Information Systems: An Overview 1) Which of the following statements below shows the contrast between data and information? A) Data is the output of an AIS. B) Information is the primary output of an AIS. C) Data is more useful in decision-making than information. D) Data and information are the same. Answer: B Page Ref: 4 Objective: Learning Objective 1 Difficulty : Easy AACSB: Analytic 2) Information
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Ph.D.‚ CPA Professor‚ Accounting & Information Systems Program‚ School of Management University of Alaska Fairbanks 225E Bunnell Hall‚ PO Box 756080‚ Fairbanks‚ AK 99775-6080 Office: 907 474-5872; FAX: 907 474-5767; Cell: 907 978-2094 Email – mldavis@alaska.edu TEACHING INTERESTS‚ RESEARCH INTERESTS Primary teaching interests – graduate or undergraduate – focus on financial‚ intermediate‚ advanced‚ financial statement analysis and accounting theory Research concentrates
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