ACCG908 CPA – Strategic Management Accounting Class 1 Appendix 1.1 to Module 1 Creating Organisational Value Class 1 – Introduction to Unit and to Your Exam Planning Review of Assumed Knowledge contained in Appendix 1 to Module 1 prepared by Patrick Gallagher North Ryde Unit Convenor using CPA 104 Study Guide Module 1 © CPA Australia Session 2 2014 READING THE MODULE is the most important thing to do before each class! Introduction to class in SMA � We will be concentrating on the
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Concepts Job-Order Costing Cost-Volume-Profit (CVP) Relationships Course Review (First Exam) CVP Relationships: Continuation Variable Costing & Segment Reporting Profit Planning Course Review (Second Exam) Differential Analysis: The Key to Decision Making Capital Budgeting Decisions Overall Review for the final exam Management Accounting & Business Environment Relevant Costs Analysis Limiting Factors Cost Classifications Let us CVP now Analysis Break some WALLS! Standard Costing Throughput Accounting
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Assignment Materials 5-15 Revising a time-driven activity-based cost system‚ adding products Refer to the Madison Dairy ice cream plant example described in this chapter. Required (a) Suppose that production-related computer resource expenses of $18‚000 per month have been inadvertently overlooked for inclusion in the cost system. Explain how the time-driven ABC model should be updated to reflect this cost. Answer: Time-driven activity-based costing systems (TDABC or Time-Driven ABC) estimate two
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managers with product costing‚ incremental analysis‚ and budgeting.Weight: 20% | Did not submit or incompletely determined and discussed how managerial accounting can help managers with product costing‚ incremental analysis‚ and budgeting. | Insufficiently determined and discussed how managerial accounting can help managers with product costing‚ incremental analysis‚ and budgeting. | Partially determined and discussed how managerial accounting can help managers with product costing‚ incremental analysis
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1. Product costs used for pricing and product-mix decisions generally include: Answer | | manufacturing costs only | | | design costs plus manufacturing costs | | | all costs incurred along the value chain | | | distribution costs only | 0.1 points Question 4 Within the relevant range‚ if there is a change in the level of the cost driver‚ then: Answer | | fixed and variable costs per unit will change | | | fixed and variable costs per unit will remain the
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Bridgestone Behavioral Health Center: Cost-Volume-Profit (CVP) Analysis INTRODUCTION In June of the current year Dr. Thomas Russell‚ Executive Director‚ and Susan Smyth‚ Accountant‚ at the Bridgestone Behavioral Health Center were discussing the necessity of gaining a better understanding of how to monitor the Center’s operating and financial performance. Located in Cleveland‚ Ohio‚ Bridgestone provides prevention‚ intervention‚ and treatment services for individuals with substance abuse problems
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related pages) | | | Managers need information for all of the managerial activities described in the preceding section. That information comes from a variety of sources‚ including economists‚ financial experts‚ marketing and production personnel‚ and the organization’s managerial accounting system.Objectives of Managerial Accounting Activity List and describe five objectives of managerial accounting activity. | Managerial accountants add value to an organization by pursuing five major objectives:
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Human Performance Measurement 1105685 16/11/2011 Human Performance Measurement For modern business‚ human in company doesn’t only indicate labour‚ but also represents as an asset. It is well known that a company without human hasn’t existed at all. So it’s vital to get ample information from this indispensible asset‚ especially for managers. Hoskin and
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ACT 5733 – Advanced Managerial Accounting Fall 2014‚ On Line HW #2 Directions: Answer all four of the questions. Please submit your work in Word or PDF formats only. You can submit an Excel file to support calculations‚ but please “cut and paste” your solutions into the Word or PDF file. Be sure to show how you did your calculations. Also‚ please be sure to include your name at the top of the first page of your file. You can use any sources you wish‚ except for other people. Please be sure to document
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Activity-Based Costing System A presentation by Ahmad Tariq Bhatti FCMA‚ FPA‚ MA (Economics)‚ BSc Dubai‚ United Arab Emirates Activity-Based Costing Activity-Based Costing System 2 The Concept Activity-Based Costing In contrast to traditional/absorption costing system‚ ABC system first accumulates overheads costs for each organizational activity‚ and then assigns the costs of the activities to the products‚ services‚ or customers (cost objects) causing that activity. Activity-Based Costing
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