profile. 2) Form teams of four with no more than one MBA student per team (I will try to fill out teams of two or three). One team member should email me the names of all team members and your team name‚ ASAP. If I don’t hear from you by 11:00 am on Wednesday‚ I will assign you to a team. 3) Follow the instructions on the course announcement page to complete your personal web page. Differences between Financial and Managerial Accounting 8/16 Th. Handout – Advice on Using Your Textbook Ethics
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COST OF PRODUCTION CONTENTS 1. Introduction 2. Types of costs 3.1 Opportunity‚ implicit and explicit costs 3.2 Fixed and variable costs 3.3 Average costs 3. Types of cost curves 4.4 Marginal cost curve 4.5 Average cost curves 4. Costs in Short run and in the Long run 5.6 Short run 5.7 Long run 5.8 Economies of scale 5. Cost analysis in the real world 6.9 Economies of scope 6.10 Experiential
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Name: Class: Cost Accounting Date: 02.12.2012 Quiz 5 1) Absorption costing: A) expenses marketing costs as cost of goods sold B) treats direct manufacturing costs as a period cost C) includes fixed manufacturing overhead as an inventoriable cost D) is required for internal reports to managers 2) Variable costing: A) expenses administrative costs as cost of goods sold B) treats direct manufacturing costs as a product cost C) includes fixed manufacturing overhead as an inventoriable
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person reflects shame on family members. “Did not know then that pride is a wonderful‚ terrible thing‚ a seed that bears two vines‚ life and death.”(.347) Brother stresses the duality‚ or the double sidedness of pride. Brother’s pride pushes him to give Doodle a life away from his rubber sheet on the bed. When Brother’s obsession with turning Doodle into the "ideal" Brother goes too far‚ his pride pushes Doodle to his early death. “I should have already admitted defeat but my pride wouldn’t let
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decisions that have to be made when running a business. One of those decisions is when to buy new machines or equipment or upgrade the machines or equipment that the business already has. Using analysis of the needs of the business and how the new equipment will help the business to function and the cost of the product will determine what the managers of the business decides. Marginal costs are change in total costs divided by change in output. Marginal revenue is the change in total revenue
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PROJ410: Week (3) – Assignment: Case Study November 14‚ 2010 Stevie W. Weaver (d03490478) Student DeVry University Professor Roy Chuang Today I will discuss options that would be good for Futronic‚ Inc. in reducing cost for the business. We will look at outside sourcing for some of the in-house services. We will discuss keeping the business in house and look to outsource some of the units. The benefits of outsourcing will not only save our business money‚ it can help us grow and hire more
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Costs and Revenues What is cost? If you go to a store and like an item and you want to buy it‚ which of the following questions would you ask: What’s the price of …..? 0R How much does …. cost? Examples of costs – set-up Examples of costs - running Fixed Costs 5000 What happened to the fixed costs if for some reason the company had technical problems and was unable to produce for 2 weeks? What happens if the landlord decided to raise the rent due to high property prices
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MANAGERIAL ACCOUNTING SOMNATH DAS BASICS OF MANAGERIAL ACCOUNTING Purpose of the course - familiarize you with: 1. Managerial accounting concepts. 2. Managerial accounting practices. 3. Use of managerial accounting information for decision making. 4. Pitfalls. Accounting is a branch of study concerned with the generation ( identification & measurement ) and provision (Communication) of information. Managerial accounting is in particular
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|Marks Obtained | | Total Marks: ______ / 100 marks = ________ % Grade: Question I: Identification: Fill in the blanks the correct answer. You are having a dress shop‚ indicate the proper classification of cost behavior whether it is VARIABLE or FIXED for each of the following items below: |Cost Element |Cost Behavior | |Material
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Suggestions You are responsible for any questions and problems that you were assigned for homework or that we worked in class. Also‚ you should be able to discuss and/or answer questions related to your readings/case(s) and the Wall Street Journal. Cost Management and Strategy – refer to your assigned questions and problems Cost Drivers and Basic Cost Concepts -- What is a cost? Define cost pools. What is a cost object? cost assignment? Contrast a direct cost with an indirect cost. Define cost allocation
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