1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a Student Answer: Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as
Premium Variable cost Contribution margin Costs
Content Page Executive Summary........................................................................................................pg. 3 Shareholder Value Maximization....................................................................................pg. 4 Strengths and Weaknesses of using financial ratio analysis..........................................pg. 5 Reference List ....................................................................................................
Premium Financial ratios Generally Accepted Accounting Principles Revenue
Prologue Managerial Accounting and the Business Environment Study Suggestions ( The prologue describes important aspects of the contemporary business environment. While there are no written assignments‚ you should be familiar with the major ideas as background for your study of managerial accounting. HIGHLIGHTS A. In many industries‚ a company that does not continually improve will find itself quickly overtaken by competitors. The text discusses
Premium Costs Variable cost Fixed cost
Managerial Acctg Quiz 1 – Fall 2012 NAME_ ______________________ Chapters 1 and 2 10 Points 1. Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. The "Xs" can be placed under more than one heading for a single cost. (5 Points) Variable Cost Fixed Cost Direct Materials Direct Labor Manufactu ring Overhead Period Cost Materials costs X X Production line workers wages X X Production Equipment
Premium Manufacturing Costs Variable cost
Business Ethics in Managerial Accounting When companies don’t see the importance of business ethics in managerial accounting they usually end up down the same road as Enron: bankrupt. And while that isn’t always true‚ the importance of business ethics in managerial accounting cannot be understated if you want your company to be a success. Why Ethics Is Important in Managerial Accounting The Enron scandal is probably the most well-known example of improper accounting ethics on the part
Premium Business ethics Ethics Business
ACCOUNTING 569 MIDTERM 1 FALL 1995 NAME ______________________ ID # I. 15 Points 1. Otis Corp. has the following data: Selling price $50/unit Variable manufacturing costs $20/unit Fixed costs: Manufacturing $100‚000 Selling and admin. $ 50‚000 a.(3 points) The breakeven point is: b.(3 points) Given a volume of 15‚000 units‚ operating leverage is: c.(4 points)
Premium Variable cost Costs Cost
Cheryl Montoya picked up the phone and called her boss‚ Wes Chan‚ the vice president of marketing at Piedmont Fasteners Corporation: “Wes‚ I’m not sure how to go about answering the questions that came up at the meeting with the president yesterday:’ “What’s the problem?” “The president wanted to know the break-even point for each of the company’s products‚ but I am having trouble figuring them out:’ “I’m sure you can handle it‚ Cheryl. And‚ by the way‚ I need your analysis on my desk tomorrow
Premium Variable cost Costs Management accounting
Hilton Hotels: Brand Differentiation through Customer Relationship Management Hilton hotel was founded by Conrad Hilton‚ and established in 1919. It has been operated in 78 countries‚ began with the mobley hotel in cisco‚ texas. The company went public under the name Hilton Hotels Corporation in 1946‚ with a portfolio of 15 properties in 11 states. After spinning off the international unit in 1964‚ Hilton focused on domestic growth in the lodging segment as well as through diversification
Premium Hotel Hotels Marketing
Managerial Accounting‚ 3e (Braun/Tietz) Chapter 2 Building Blocks of Managerial Accounting 1) Service companies must carry a large amount of inventory to meet consumer demand. Answer: FALSE Diff: 1 LO: 2-1 EOC: E2-1 AACSB: Reflective Thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in costs and volume on a company’s profits 2) Manufacturing companies usually have three types of inventory. Answer: TRUE Diff: 1 LO: 2-1
Premium Inventory Manufacturing Costs
involves: 1. Planning to undertake only those variable overhead activities that add value for customers using the product or service‚ and 2. Planning to use the drivers of costs in those activities in the most efficient way. 8-2 At the start of an accounting period‚ a larger percentage of fixed overhead costs are locked-in than is the case with variable overhead costs. When planning fixed overhead costs‚ a company must choose the appropriate level of capacity or investment that will benefit the company
Premium Variable cost Costs