Introduction to Managerial Accounting and Cost Concepts Introduction to Managerial Accounting MSc. Mohammad Hicham Khalil Objectives 1. Comparison of Financial and Managerial 2. 3. 4. 5. 6. 7. 8. Accounting. General Cost Classifications. Product Cost versus Period Cost. Cost Classifications on Financial Statements. Cost Classifications for Predicting Cost Behavior. Cost Classification for Assigning Costs to Cost Objectives. Cost Classification for Decision Making. Review Problems MSc. Mohammad
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|Price |Quantity |Quantity |Budget | |Wine |Book |Wine |Book | | |$10 |$10 |7 |8 |$150 | |$12 |$10 |5 |9 |$150 | |$15 |$10 |4 |9 |$150 | |$20 |$10 |2 |11 |$150
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their education in the same pre-school. Elementary tradition have grown and accustomed. The Lord is My Shepherd School of Manila is using the manual system in terms of enrollment. Mrs. Alicia Tabernilla‚ who administers both the registrar and accounting department uses manual system in recording and retrieving student’s information as well as computing the payments. In fact‚ she does all the record keeping just by using a ballpen and a columnar sheet. This study aims to develop a Local Area Network-Based
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MBA 520: Managerial Accounting Performance Measurement at Lipton: Evaluation and Recommendations ------------------------------------------------- Nick Arens Chris Lance Ryan Moore Rob Sloan Summary We at ALMS Consulting Co. have been hired to analyze the way product lines and product managers are being evaluated at the Thomas J. Lipton‚ Incorporated (“Lipton” or the “Company”) entity. We will review the performance metrics utilized at the corporate level of Lipton‚ explain
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Managerial Economics Numerical Problems DEMAND AND ELASTICITY OF DEMAND Problem 1 The following are demand and supply equations of a pen manufacturer. Qd = 5‚00‚000 – 50‚ 000 P Qs = -1‚00‚000 + 1‚00‚000 P Find 1. At what average price‚ level of demand is equal to zero. 2. At what average price‚ level of supply is equal to zero. 3. Calculate the equilibrium price and quantity. Problem 2 Yashika Limited manufactures an automatic camera that currently sells at uS$90. Sales
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Chapter 3:Problem 2 2. Ca=1500-10r ‚c=0.6 ‚T=1800 Ip=2400-50r ‚G=2000 ‚NX=-200 a. The marginal propensity to save equals: 1-C=1-0.6=0.4 b. Autonomous planned spending‚ Ap‚ equals Ca − cTa + Ip + G + NX = 1‚500 − 10r −.6(1‚800) + 2‚400 − 50r + 2‚000 − 200 = 4‚620 − 60r. 4‚620 − 60(3) = 4‚440. c. 4‚440/.4 = 11‚100 d..04(3) = 120 billions. e. 4‚440 – 120 = 4‚320. 4‚320/.4 = 10‚800 f. (10‚800 − 11‚100)/(4‚320− 4‚440) = (-300)/(-120) = 2.5 g. 11‚095 is the number a. G increases and
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1. What caused the existing system at ETO to fail? The existing system does not account for time spent in the testing facility by each set of products. It allocates burden according to ‘direct labor dollar’ incurred instead of ‘machine hours’. 2. DIRECT LABOR MAIN ROOM MECH ROOM TOTAL ICA 917 8.5 10 18.5 Accountants 183.4 680 800 2580.4 Consultants 183.4 538.4 1126.3 2765.1 Current 917 1329.7 2246.7 ICB 2051 14 26 40.0 Accountants 410.2 1120.0 2080.0 5661
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1 The differences between managerial accounting and financial accounting can be distinguished through 5 aspects: a) Primary Users of Reports In managerial accounting‚ the information will be use within the organization‚ by the employees and managers‚ where else in financial accounting‚ the information in the reports will be used by external parties such as banks‚ creditors and shareholders. b) Types and frequency of the reports. In managerial accounting‚ the information is reported
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Managerial Accounting Vs Financial Accounting Resources carbon.cudenver.edu/~gcolbert/6550.ch12.pdf MANAGERIAL ACCOUNTING AND COST-VOLUME-PROFIT Managerial Accounting Contrasted to Financial Accounting. Managerial accounting supports Managerial Accounting vs. Financial Accounting cob.ohio-state.edu/~bentz_1/525/problems/Finvsmgrl.doc Bentz Financial vs. Managerial Accounting in which financial accounting and managerial accounting are alike in which managerial accounting seems to differ from
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Problem Set 1 Due: Monday‚ Sep. 30th‚ at the beginning of the class You may work together in answering the questions‚ but each student should write his or her own answers. DUPLICATE ANSWERS WILL RECEIVE ZERO CREDIT. SHOW ALL YOUR WORK FOR EACH SOLUTION. Answer each question clearly‚ completely‚ and neatly. 1. Use the information for the question(s) below. In November 2009‚ Perrigo Co. (PRGO) had a share price of $39.20. They had 91.33 million shares outstanding‚ a market-to-book ratio of
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