Managerial Accounting Chapters 11-13 Chapter 10 – 3 Relevant costs are costs that are avoidable by choosing another alternative. If a variable cost differs between alternatives in a decision‚ than it is relevant; however‚ it is not necessarily true that ALL variable costs are relevant. Chapter 10 – 7 Prentiss would need to isolate the unavoidable costs of the product line first. A decision of whether a product line or other segment should be dropped should focus on the differences in the
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iv. Analyzing Company Accounts v. Ratio Analysis II. MANAGEMENT ACCOUNTING 3 i. The Objectives of Management Accounting: ii. Scope of Management Accounting: iii. Functions of Management Accounting: iv. Advantages of Management Accounting: v. Limitations of Management Accounting: vi. Tools and Techniques: III. INTRODUCTION TO FINANCIAL RATIOS 8 i. Financial Ratio Analysis: ii. Users of Accounting Information: IV. DESCRIPTION AND DETAIL OF THE COMPANY – SRI LANKA
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CHAPTER 3 PROBLEM 3-43 (35 MINUTES) 1. Predetermined overhead rate = budgeted overhead ÷ budgeted direct-labor cost = $2‚730‚000 ÷ $2‚100‚000 = 130% of direct labor cost 2. Additions (debits) total $7‚802‚500 [$2‚800‚000 + $2‚175‚000 + ($2‚175‚000 x 130%)]. 3. The finished-goods inventory consisted of job no. 3154‚ which cost $175‚750 [$78‚000 + $42‚500 + ($42‚500 x 130%)]. 4. Since there is no work in process at year-end‚ all amounts in the Work-in-Process account must
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Problem 1 Page 40 a- Cost of goods manufactured = Direct cost + Indirect cost = [Direct Cost of Material + Direct Cost of Labor] + [Indirect Cost of Material + Indirect Cost of Labor + Utilities Overhead] = Total Cost of Material + Total Cost of Labor + Utilities Overhead = 120‚000 + 90‚000 + 40‚000 = $ 250‚000 b- Total Cost of Operation = Cost of goods manufactured + Selling‚ General admin. and expenses. = 250‚000 + 60‚000 = $ 310‚000 c- Prime Cost =Direct Material
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SABIN ELECTRONICS THIS YEAR LAST YEAR 1. A.) Current Assets $ 1‚520‚000 $ 1‚090‚000 Current Liabilities $ 800‚000 $ 430‚000 Working Capital $ 720‚000 $ 660‚000 B.) Current Assets $ 1‚520‚000 $ 1‚090‚000 Current Liabilities $ 800‚000 $ 430‚000 Current Ratio 1.90 to 1 2.53 to 1 (c.assets / c.liabilities) C.) Quick Assets * Cash + Marketable Securities + Accts. Recievable $ 550‚000
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Solutions to Questions 2-15 Direct labour cost (46 hours $18 per hour) $828 Manufacturing overhead cost (6 hours $9 per hour) 54 Total wages earned $882 2-16 Direct labour cost (35 hours $26 per hour) $910 Manufacturing overhead cost (5 hours $26 per hour) 130 Total wages earned $1‚040 Problem 2-15 (30 minutes) Name of the Cost Variable Cost Fixed Cost Product Cost Period (Selling
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Chapter 2 1. Which of the following would be considered a product cost for external financial reporting purposes? a. Cost of a warehouse used to store finished goods. b. Cost of guided public tours through the company’s facilities. c. Cost of travel necessary to sell the manufactured product. d. Cost of sand spread on the factory floor to absorb oil from manufacturing machines. 1. Which of the following would be considered a product cost for external financial reporting purposes
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Tijuana Cartel From Wikipedia‚ the free encyclopedia Tijuana Cartel Areas predominately controlled by the Tijuana Cartel shown in purple. Founded 1989 Founding location Tijuana‚ Baja California‚ Mexico Years active 1989–present[1] Territory Mexico: Tijuana‚ Baja California United States: California Ethnicity Mexican Criminal activities Drug trafficking‚ money laundering‚People smuggling‚ murder‚ arms trafficking‚ bribery[2] Allies Juárez Cartel‚ Los Zetas‚[3] Oaxaca Cartel
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Current Ethical Issues in Managerial Accounting No company can nowadays afford to function alone. Partnerships are increasingly getting important and the effective exchange of information can determine profit or loss. An important method to cope with the increasing complexity is called supply chain management (SCM). It is enterprise-wide planning‚ management and control of all logistics tasks in the value chain. I decided to choose this topic because I had the chance to work with the system
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ELECTRIC DISCHARGE MACHINING INTRODUCTION * Sometimes it is referred to as spark machining‚ * Its a manufacturing process whereby a desired shape is obtained using electrical discharges (sparks). * Material is removed from the workpiece by a series of rapidly recurring current discharges between two electrodes‚ separated by a dielectric liquid and subject to an electric voltage. * One of the electrodes – ‘tool-electrode’ or ‘tool’ or ‘electrode’. * Other electrode - workpiece-electrode
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