Managerial Accounting 10th of March Anhar Hardjakusumah Understanding Cost Concepts Cost Terminology Product (Manufacturing over(head+ direct labor and materials) and Period Cost (selling + administrative) Variable and Fixed Cost Direct and Indirect Cost Controlable and uncontrollable cost Differential (the difference between the cost of two alternative decisions) Marginal (the change in the total cost that arises when the quantity produced has an increment by unit. That is‚ it is the cost of
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1 CHAPTER ONE: ACCOUNTING IN BUSINESS Chapter Outline I. Importance of Accounting—we live in the information age‚ where information‚ and its reliability‚ impacts the financial well-being of us all. A. Accounting Activities Accounting is an information and measurement system that identifies‚ records and communicates relevant‚ reliable‚ and comparable information about an organizations business activities. B. Users of Accounting Information 1. External Information Users—those not directly involved
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Chapter Overview CHAPTER 1 Accounting and the Business Environment The chapter begins with an explanation of the term “accounting” and its importance to the business world. The text discusses how accounting information is needed by various decision makers—individuals‚ businesses‚ investors‚ creditors‚ government regulatory agencies‚ taxing authorities‚ non-profit organizations‚ and others. Financial and management accounting are compared. A brief history of accounting and the role of ethics in
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chapter 1 INTRODUCTION TO FINANCIAL STATEMENTS ● the navigator ● ● ● ● ✓ Scan Study Objectives Read Feature Story Scan Preview Read Text and Answer Do it! p. 5 p. 11 p. 18 p. 20 Work Using the Decision Toolkit Review Summary of Study Objectives Work Comprehensive Do it! p. 23 Answer Self-Test Questions Complete Assignments Go to WileyPLUS for practice and tutorials Read A Look at IFRS p. 42 study objectives After studying this chapter‚ you should be able to: 1 Describe the primary
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ACG 4341 - Review Sheet - Spring 2012 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Which of the following defines variable cost behavior? Total cost reactionto increase in activity|Cost per unit reactionto increase in activity| a.|remains constant remains constant| b.|remains constant increases| c.|increases increases| d.|increases
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Midwest Office Products Aaron Wilson‚ Brittni Henson‚ Dennie Smyth & Joshua Boatright Midwest Office Products Case ACCT. 6233 October 15‚ 2012 1. Based on the interviews and data in the case‚ estimate: a. The cost of processing cartons through the facility The two costs of processing cartons through the facility are warehouse costs and warehouse personnel costs. The total processing costs are $54/carton. Cartons/yr | 80000 | Commercial Freight | 75000 | Desktop Delivery | 5000
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Which of the following conditions would conflict theorists suggest as being the result of a declining standard of living in a given society? *A ) political instability B ) mass migration C ) citizen apathy D ) economic alienation The diffusion of responsibility can best be defined by which of the following? A ) The more bystanders there are‚ the more likely people are to help. *B ) The more bystanders there are‚ the less likely people
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The First World War was a very gruesome event in history. “Indeed‚ as the nations of Europe went to war in 1914‚ the governments flourished‚ patriotism bloomed‚ class struggle was stilled‚ and young men died in frightful numbers on the battlefields-often for a hundred yards of land‚ a line of trenches.” (Page 359) Before the war‚ the United States was not in a healthy condition. Socialism was growing and the IWW was everywhere. “In the summer of 1916‚ during a Preparedness Day parade in San Francisco
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1. Introduction 1. We are social animals. 2. We are moved to love and to hate‚ drastically. 3. We almost always care what others think or what others do or say. 4. Social psychology is the study of how we think about‚ influence‚ and relate to others. 2. Attributing behavior to persons or to situations 1. Fritz Heider came up with the attribution theory which says people measure others’ behavior by either their internal disposition or the external situation that they’re in. 1. In other words
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CHAPTER 1 MANAGERIAL ACCOUNTING‚ TYPES AND ETHICS. 1) Managerial Accounting: Firms internal accounting system and designed to support the information needs of managers in order to make decisions. Not bound by GAAP. a) Managerial accounting has 3 objectives: i) To provide information for planning organization actions ii) To provide information for controlling organization actions. iii) To provide information for making effective decisions. b) Reports that help mangers that are nonfinancial are:
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