compared to these standards (comparing what happened with what should have happened). The differences are called exceptions and are brought up to the management. Variance Analysis Cycle: preparation of standard cost performance reports in the accounting department – highlight variances‚ variances raise questions‚ significant variances are investigated to discover their root causes‚ and finally corrective actions are taken. The cycle repeats with new performance reports. Standard Cost Record:
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ACC 561 Final Exam Study Guide Managerial Accounting 80 Question Database www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-561-final-exam-study-guide-managerial-accounting-80-question-database/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: 1. A major element in budgetary control is a. the preparation of long-term plans. b. the comparison of actual results with planned objectives.
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FLORIDA STATE COLLEGE AT JACKSONVILLE Syllabus July 1‚ 2013 ACG2071 – Managerial Accounting 3 CREDIT HOURS |Term/Year: |Summer 2013 | |Reference Number: |386887 | |Instructor: |Ann Meuse | |Classroom: |ATC Room TO208 | | |6:00
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projects to TURNITIN ASAP – Assignment #2 due April 1st 1159pm • List the coauthor’s name in the subject line. • Teaching Evaluation • Transfer pricing (cont.) – Stanco Inc. • Review chapters 11 and 12 & the practice final – Practice Q1 and Q2 • Review chapters 8 and 9 and the practice final – Practice Q3 and Q4 ACTG 2020 Week 11 1 • Online Course Evaluations (ONCE)/ & Seymour Schulich Teaching Excellence Awards (Schulich TEA) – TEA: http://schulich.yorku.ca/tea. – ONCE: http://courseevaluations
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What is required to be successful in business? 1. Market yourself 2. Sell yourself 3. Know people 4. Maintain contacts Traits to be successful: 1. Creative 2. Aggressive 3. Enthusiastic 4. Smart 5. Honesty In 2003‚ WSJ conducted a survey to interview graduating students from IVY League schools. The top four qualities looked for in MBA students: 1. Interpersonal and communication skills 2. Teamwork 3. Honesty 4. Expertise / core competency Allan Moragan’s concept of “Likeability”
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CST 232 Final Test Review Chaps. 5‚ 6‚ 7‚ 10‚ 11 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. ____ are stored as header information with each folder and file‚ along with other characteristics including volume label‚ designation as a subfolder‚ date of creation‚ and time of creation. a. Attributes c. UNCs b. DFS paths d. EFS keys ____ 2. The ____ attribute is checked to indicate that the folder or file needs to be backed up
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allocation transaction that does not involve an external party (all the other transactions involve an external party) both accounts receivable (asset)‚ and Service revenue (equity) increase here There is no cash involved in this transaction accrual accounting recognizes revenue when earned and expenses when incurred in earning that revenue (irrespective of when cash is received or paid) adjustments are usually involve prepayments or accruals. If expense is recognized when cash is paid‚ there is no need
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Chapter 1 Managerial Accounting: Tools for Decision Making Discussion QUESTIONS Q1-1. Financial accounting is oriented toward external users and is concerned with general-purpose financial statements. These financial accounting statements are highly aggregated‚ report on relatively long time periods‚ are oriented toward the past‚ and must conform to external standards. These standards emphasize the use of objective data. Management accounting is oriented toward internal users and is
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2/c Tyler Hames Managerial Accounting Case: A4-61 PROBLEM STATEMENT: Axis Systems specializes in servers for work-group‚ e-commerce and ERP applications. The company’s original job costing system has two direct cost categories: direct materials and direct labor. Overhead is allocated to jobs at the single rate of $22 per direct labor hour. The CFO recently spear headed the allocation issue of jobs and came up with an ABC system to compare to the traditional accounting system. Axis System has
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David Shim Case Study #2 A) What is the break-even point in passengers and revenues per month? Unit CM = $160 – $70= $90 Unit of Sales = 3‚150‚000 / $90= 35‚000 passengers Unit of Sales = 35‚000 x $160= $5‚600‚000 revenue B) What is the break-even point in number of passenger train cars per month? Unit of Sales = 35‚000/63= 555.5= 556 passenger cars C) If Springfield Express raises its average passenger fare
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