Register now to access 7 million high quality study materials (What's Course Hero?) Course Hero is the premier provider of high quality online educational resources. With millions of study documents, online tutors, digital flashcards and free courseware, Course Hero is helping students learn more efficiently and effectively. Whether you're interested in exploring new subjects or mastering key topics for your next exam, Course Hero has the tools you need to achieve your goals.

16 Pages

Chapter_3

Course: ACC 301, Fall 2006
School: Northeastern
Rating:

Word Count: 429

Document Preview

Analysis Mountain Cost-Volume-Profit Biking, Inc. Sells four different models Best selling model is the MB 80 Selling Price per unit Variable Cost per unit Unit contribution margin Fixed Costs for the MB 80 \$500 \$300 \$200 \$80,000 per year Relationships among Unit Sales, Contribution Margin and Net Income U ns il te S a 0 1 Co ot n n t i r i b u M \$0 a r g 0 i n \$ 2 0 Ne em to I n c (, ) \$ 8 0 0 0 0 (, ) \$ 7 9 8...

Register Now

Unformatted Document Excerpt

Coursehero >> Massachusetts >> Northeastern >> ACC 301

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
Analysis Mountain Cost-Volume-Profit Biking, Inc. Sells four different models Best selling model is the MB 80 Selling Price per unit Variable Cost per unit Unit contribution margin Fixed Costs for the MB 80 \$500 \$300 \$200 \$80,000 per year Relationships among Unit Sales, Contribution Margin and Net Income U ns il te S a 0 1 Co ot n n t i r i b u M \$0 a r g 0 i n \$ 2 0 Ne em to I n c (, ) \$ 8 0 0 0 0 (, ) \$ 7 9 8 0 0 4 40 01 0 \$ 8 0 , 0 0 0 \$ 8 0 , 2 0 0 \$\$ 02 0 0 Breakeven Analysis: Terms P is the selling price per unit N is the number of units sold V is the variable cost per unit FC is the total fixed costs for the period (year) NI is the net income CM Income Statement as an Equation The basic sales equation is equivalent to looking at the contribution margin income statement: Sales Revenue Less: Variable Costs Contribution Margin Less: Fixed Costs Net Income => => => => => PxN VxN (P-V) x N FC NI Which N produces enough contribution margin to cover FC and contribute to NI? CM Income Statement as an Equation Basic Net Income Equation: Sales - Variable Costs - Fixed Costs = Net Income Algebraically: (P x N) - (V x N) - FC = NI (P-V) x N - FC = NI (P-V) x N = FC + NI N = FC + NI (P-V) Starting Your Own Consulting Firm Question: What price should you charge per hour? How many billable hours can you expect? Monthly Expense Projection -- all Fixed Costs Salaries \$900 Rent 550 Telephone & Utilities 80 Supplies 10 Depreciation-Furniture 30 Depreciation-Equip 10 Insurance 20 Total \$1,600 Projected Monthly Net Incomes Use the equation to help determine NI: (P x N) - (V N) x - FC = NI (P x N) - \$1600 = NI (since V = 0) at the following prices: \$20, \$40 and \$80 per hour ( d2 48 N \$ \$\$ ) I0 0 0 B i f I l P= l e= f P = I f P Questions: h r s / m o n t h Where do you lose \$, 2 0 4 0 make \$ or B-E? 6 0 Should you start the 8 0 business? 1 0 0 at what price? 1 2 0 at what likely N? 1 6 0 Comparing Firms with Different Cost Structures F iA r m F iB r m Pi r n i t c e / U Voi aC r i as t btn l s e/ U C M /t U n i Fs iC xt es d o Bn re e : a k e v Ct: oc s u tu Se t r r \$0 5 1 0 4 0 3 4 0 , 0 0 0 \$ 5 0 3 5 1 5 9 0 , 0 0 0 Contribution I/S at 10,000 units Sales Variable Costs CM Fixed Costs Net Income Firm A \$500,000 100,000 400,000 340,000 \$ 60,000 Firm B \$500,000 350,000 150,000 90,000 \$ 60,000 CVP Graph -- Firm A \$ R ee v e n u 40 2 5 , 0 0 30 4 0 , 0 0 C o s t Bp -u Et O t u 8 ,0 5 0 V o le u m CVP Graph -- Firm B \$ R ee v e n u C o s t 30 0 0 , 0 0 9 0 ,0 0 0 V o le u m CBP Graph -- Both Firms \$ R ee v e n u 40 2 5 , 0 0 30 4 0 , 0 0 30 0 0 , 0 0 9 0 ,0 0 0 6 ,0 8 0 0 ,0 5 0 C o s t B C o s t A o le u m ? V Margin of Safety Margin of safety in dollars: Actual sales (\$) - Breakeven sales (\$) Budgeted sales (\$) - Breakeven sales (\$) Margin of safety in percentage: Margin of safety (\$) / Sales (\$) Incremental Analysis MetalWorks, Inc. which sells lockers to schools has the following cost structure: Sales per unit Variable cost per unit Contribution margin per unit Total Fixed Costs \$450 333 \$117 \$1,250,000 How Does Breakeven Change? 1. Fixed Costs increase to \$2,340,000 2. Revenue per unit falls to \$433 3. Variable Costs per unit rise to \$340
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

Northeastern - ACC - 301
The Concept of RelevanceWhat information is relevant?The Concept of RelevanceWhat information is relevant? That depends on the decision being made. Decision making essentially involves choosing among several courses of action.Relevant Informati
Northeastern - ACC - 301
Plant-wide and ABC SystemsCost AllocationDirect costsCost ObjectCost allocation is the process of assigning indirect costs to cost objects.Indirect costsCost AllocationCost ObjectThe Development of a Single Company-Wide Cost DriverTrad
Northeastern - ACC - 301
Cost Accumulation and AllocationIntroductionIs our selling price sufficient to cover costs and provide for adequate profitability? What is our cost of goods sold? What is our inventory cost?Did costs increase or decrease from last year?Were ac
Northeastern - ACC - 301
Responsibility AccountingAn accounting system that provides information . . .Relating to the responsibilities of individual managers. To evaluate managers on controllable items.DecentralizationTop ManagementDecentralization often occurs as org
Northeastern - ACC - 301
Performance EvaluationManagement of EarningsChange Price Change Volume Change CostsCost Standards: Expectations Standard Cost Actual Cost Variance = Standard Cost - Actual Cost If spend/use more than expected: unfavorable If spend
Northeastern - ACC - 301
BudgetingThe master budget is part of an overall organizational plan made up of three components . . .Organizational goals management's broad objectives that employees work to achieve. The strategic long-range profit plan steps to be taken to ach
Northeastern - ACC - 301
Similarities between Financial and Managerial AccountingDifferences between Financial and Managerial AccountingThe Accounting ProcessAction Business Activities Information Needs Accounting Transactions Data Information Flows/Reports Interpretati
UCSD - MATH - 142A
Math 142A(P. Fitzsimmons)First Midterm SolutionsOctober 17, 20011. (a) A sequence {an } is monotone provided it is increasing (i.e., an+1 an for all n) or decreasing (i.e., an+1 an for all n). (b) A sequence {an } is bounded provided there
Virginia Tech - BIOL - 1105
Chapter 4: Cell StructureHistory LessonRobert Hooke First person to describe structure of cork 1665 Coined the term cellulae Far better microscope Polished glass lens First observed living cellsAnton van LeeuwenhoekMathias Schle
Virginia Tech - BIOL - 1105
Cellular respirationglycolosis:Chapter 8: PhotosynthesisWhere does our energy come from?PhotosynthesisConversion of solar energy into chemical energy All organic energy ultimately derived from &quot;P&quot; 6CO2 + 12H2O C6H12O6 + 6H20 + 6O2 T
Virginia Tech - BIOL - 1105
Chapter 6:Energy and MetabolismEnergyThe capacity to do work Kinetic Energy Energyof motionPotential Energy StoredenergyHow do we convert potential to kinetic energy?Heat, the silent killerMost energy is lost as heat 85%
Virginia Tech - BIOL - 1105
Chapter 7How cells harvest energyHow do organisms gain energy?Autotrophs Capable of creating their own energy Convert sunlight Chemical Energy Photosynthesis Follow the energy.Break down organic compounds Energy Cellular respiration is
UCSD - MATH - 142A
Math 142A(P. Fitzsimmons)Second Midterm SolutionsNovember 14, 20011. (a) A real number x is a cluster point of a sequence {an } if for each &gt; 0 there are infinitely many indices n such that |x - an | &lt; . (b) The nth partial sum of k=1ak is
UCSD - MATH - 142A
Math 142A (P. Fitzsimmons)First Midterm ExamSolutions2. Use the definition of limit (of a sequence) to show that n = 1. n n + n lim Solution. Let us begin by estimating the distance from the sequence to the limit: n n n n-n- n 1 - n -1 =
UCSD - MATH - 142A
Math 142A (P. Fitzsimmons)Second Midterm ExamSolutions1. Give a definition of each of the following items: (a) lim f (x) = Lxa(b) f : [a, b] R is a uniformly continuous function Solution. (a) For each &gt; 0 there exists &gt; 0 such that if x i
UCSD - MATH - 142A
Math 142A(P. Fitzsimmons)Final Exam SolutionsDecember 7, 20011. Define of each of the following terms (or statements): (a) Cauchy sequence (of real numbers) (b) least upper bound (of a bounded set S of real numbers) (c) radius of convergence
Cornell - CHEM - 2070
Cornell - CHEM - 2070
Cornell - CHEM - 2070
Cornell - CHEM - 2070
Cornell - CHEM - 2070
USC - BISC - 330L
MEASUREMENT of CHOLESTEROL in BIOLOGICAL SAMPLESTo develop a basic understanding of cholesterol &amp; lipoproteins - HDL and LDL.To quantitate total cholesterol, HDL and LDL levels in various serum samples. To learn the &quot;chemistry&quot; behind clinical tes
USC - BISC - 330L
Separation of Intracellular CompartmentsTo isolate the cytosolic, nuclear, and mitochondrial compartments from a crude eukaryotic cell extract. To measure protein concentration of each of the cellular fractions. To measure the relative activities o
Ohio - HIST - 122
POPE LEO III (r. 795-816) CHARLEMAGNE (768-814) REX (KING) AUGUSTUS HOLY ROMAN EMPERORPATRONAGE | COURT SCHOOL | AACHENPATRONAGE COURT SCHOOL AACHEN CAROLINGIAN RENAISSANCELOUIS THE PIOUS (814-840) | JUDITH | CALLIGRAPHY | UNCIAL | INITIALGos
Ohio - HIST - 122
REDEFINITION OF EMPIREToday What religion &amp; politics mean in early Islam Connections b/n Islam, Byzantium, &amp; Germanic Kingdoms (e.g. law &amp; public religion) Comparisons b/n same 3 societies with regard to culture, stability, &amp; tolerationSome Questio
Ohio - HIST - 122
POITIERS / TOURS (732/3) CHARLES MARTEL (&quot;the Hammer&quot;, r. 714-741) MAYOR OF THE PALACECALIGRAPHYKufic scriptCALIGRAPHY Kufic scriptCALIGRAPHYCALIGRAPHYGospel of LukeCALIGRAPHYDOME OF THE ROCK (JERUSALEM)MOSQUESDOME OF THE ROCK, JE
The Digestive systemChapter sections 41.2-41.6Food is processed in the digestive system there are four mail stages of food processing Injestion Digestion mechanical and chemical (hydrolytic enzymes) Absorption EliminationOur digestive sys
Exam 2 Average 74.440 35 30 25 20 15 10 5 0 A B C D F Series1Chapter 45Hormones and the Endocrine SystemChemical signals and signaling molecules Chemical signals molecules secreted from one cell and received by another (target cell) that cau
Biology: A human approachEBIO 1040 Sec. ?Dr. Maria Cattell Office: RAMY N125 Office Hours: TR 10am-11:30am (or appt.) The best way to contact me: email maria.cattell@colorado.edu Office phone: (303)735-0297 (but I wouldn't recommend itA li
Chapter 38CirculationOpened vs. closed circulatory systemClosed circulatory systems vary among vertebrates - higher metabolism, more complex circulatory systemA very simple circuit Arteries carry blood away from the heart Veins carry blood
UConn - GEOL - 111
Vertebrate Relationshipschapter 4Diplomystus alta, a fossil fish from the Eocene Green River Formation ACM teaching collection Vertebrates are a subphylum within the phylum chordata Kingdom- animalia Phylum- Chordata Subphylum- VertebrataW
UConn - GEOL - 111
Daily assignmentWe discussed cladistics in class on Tuesday Take about 10 minutes to construct a cladogram for these three animals: mouse, cat, and dogYou should use at least four characters of your choosing to create the cladogram. You may share i
UConn - GEOL - 111
Saurischians 1- the prosauropodsPlateosaurushttp:/www.palaeos.com/Mesozoic/Triassic/Images/Plateosaurus_2.jpgRelationships Prosauropods are saurischians, as are the sauropods and theropods Prosauropods and sauropods form a monophyletic group c
UConn - GEOL - 111
Ankylosaurs- Mesozoic TanksChapter 7Ankylosaurswww.futura-sciences.com/uploads/tx_oxcsfutura/img/ankylosaurus.jpgAnkylosaur relationships Ornithischians Genosaurs Thyreophorans EurypodanFig. II.3 General: Known from as early as Middle
UConn - GEOL - 111
Marginocephalians 1- the Pachycephalosaurshttp:/www.educationalfossils.com/Posters/Pachycephalosaurus/Pachycephalosaurus-3.jpgRelationships Ornithischians- the bird-hipped dinosaurs Genosaurs- the cheeked ornithischians Cerapodans- genosaurs w
UConn - GEOL - 111
Marginocephalians 2- Ceratopsianshttp:/www.amnh.org/exhibitions/dinosaurs/images/exhibit/gallery/lg/5_pentaceratops.jpgRelationships Ornithischians- the bird-hipped dinosaurs Genosaurs- the cheeked ornithischians Cerapodans- genosaurs with a d
UConn - GEOL - 111
Primitive ornithischians &amp; the stegosaurs part 2 &amp; chapter 6Mural displayed at Dinosaur State Park, Rocky Hill, CT A primitive ornithischian dinosaur from CT and MA , based on local footprint evidence and skeletons from AfricaWhat, again, are the
UConn - GEOL - 111
Order in the natural worldClassification and Evolutionchapter 3 of textbookHow do we classify things? By the similarities in their features These similarities are called characters Characters are distributed hierarchically; that is, the more si
UConn - GEOL - 111
Saurischians 2- the sauropodshttp:/dinosaurus.chatkamer.com/images/brachiosaurus.jpgRelationships Sauropods are saurischians, as are the sauropods and theropods Prosauropods and sauropods form a monophyletic group called the sauropodomorpha Th
UConn - GEOL - 111
The first chordates and vertebrates are from the CambrianPikaia, a cephalochordate from the Cambrian Burgess Shale www.emc.maricopa.edu/faculty/farabee/biobk/fpikaia.gifReconstruction of Pikaiawww.3d-art.co.uk/3dpages/3ded/edimages/pikaia.jpgR
UConn - GEOL - 111
Ornithopodshttp:/nykorea.net/dino/Dino-img/Recearch-Disign/CORYTHOSAURUS2.jpghttp:/www.plantapalm.com/vce/evolution/images/C5.JPGhttp:/www.cartage.org.lb/en/themes/sciences/Paleontology/Paleozoology/Mesozoic/1iguanodon.jpgRelationships Ornit
UConn - GEOL - 111
Earth History- chapter 2The three types of rocks Igneous- formed from molten material that cools either on or below the earth's surface Metamorphic- rocks that have been changed from one type to another by intense heat and pressure. Any rock can
UConn - GEOL - 111
Often, we only find fragments of organismsJaw fragment of a White-tailed deer, Pleistocene, FloridaHow do we get fromto?The answer is lies in a science called taphonomy. the study of whathappens to organisms after deathReconstruction of
UConn - GEOL - 111
Geology 111- Life in the age of dinosaursChapter 1- The nature of fossils and the study of taphonomyPodokesaurus holyokensis, ACM 11792Just what is a fossil? Daily assignment- on a piece of paper, write out your own definition of what a fossil
UConn - GEOL - 111
Typical invertebrate fauna as in Cambrian and Ordovician Eurypterids, &quot;sea scorpions&quot; evolve Jawless fish abundant and very diverse Arthropods abundant on land Primitive plant fossilsSilurianAnaspids, one type of jawless fish www.tolweb.org/tree/
UConn - GEOL - 111
Patterns in dinosaur evolution We can see large scale patterns in dinosaur evolution through time that appear to be based on the position of the continents (which thus influenced the ability of animals to migrate over the globe)Paleogeography rev
UConn - GEOL - 111
Saurischians 3- the theropodsCoelophysis, a Late Triassic theropod, Carnegie Museum public displayRelationships Theropods are saurischians, as are the sauropods and prosauropods Theropoda is the sister group to the sauropodomorphaFig. III.1
UConn - GEOL - 111
Dinosaur Origins and history chapter 519th centuryhttp:/www.lindahall.org/events_exhib/exhibit/exhibits/dino/images/goo1h.jpg20th centurywww.nhm.ac.uk/nature-online/online-ex/art-themes/20thcentury/images/iguanodon_main.jpgVarious depictions
UConn - GEOL - 111
Theropods 2the origin of birdsBird display at the Amherst College Museum of Natural HistoryWhat does it mean to say that birds are dinosaurs? It means that they are not just related to dinosaurs, but that they are the direct descendants of a sp
UConn - GEOL - 111
Dinosaur thermoregulationchapter 15 At least since the 1970's, paleontologists have debated whether or not dinosaurs were &quot;warm&quot; or &quot;cold-blooded&quot; The real issue that paleontologists are trying to resolve is where dinosaurs derived their body hea
UConn - GEOL - 111
Mesozoic birds &amp; Pterosaurs- two different modes of flightConfuciusornis sanctus- Cretaceous, Chinahttp:/internt.nhm.ac.uk/resources/nature-online/life/dinosaurs/dinodirectory/drawing/Confuciusornis.jpgEudimorphodon- Triassic, Italyhttp:/upload
UCSD - BIMM - 120
Matching: each answer (A-E) can be used more than once in a section. However, for each question, there is just one correct answer. (1-7) Match the component to the kind of cell it is found in: 1. 2. 3. 4. 5. 6. 7.Lipopolysaccharide (LPS) In some spe
UCSD - BIBC - 100
Name: _ BIBC 100 Structural Biochemistry Spring 2003 M. Montal FINAL EXAM June 11, 2003, 8:00 am 11:00 am 60% of final gradeNAME: _(your name)_ (1pt.) Student ID#: _ TA Name/Section: _Page 1 2 3 4 5 6 7 8 9 10 11 12 13 TOTALTotal points 1 18 2
UCSD - BIBC - 100
1) Identify the protein domain displayed on the screen. Where is the ligand binding site? Provide an example of the biological function of that domain, and justify your choice. Be precise and specific. Graded by Andrew On the screen was displayed two
UCSD - BIBC - 100
UCSD - BIBC - 100
BIBC 100: Structural Biochemistry Spring 2003 1)Practice Quiz 2: ANSWERS Protein secondary structureWhat kind of bonds do Cys residues make? Why are these important? Cys residues make disulfide bonds (Fig. 1.4). The Cys residues are oxidized to f
UCSD - BIBC - 100
Figure 4-1 General structural formula for -amino acids.Figure 4-2 Zwitterionic form of the a-amino acids that occur at physiological pH values.Voet and Voet, Biochemistry, chapter 4Figure 4-14 &quot;CORN crib&quot; mnemonic for the hand of L-amino acids.
UCSD - BIBC - 100
Practice Quiz 5 1. Draw a generic protein that forms 7 transmembrane alpha helices connected by hydrophilic short loop structures. Label the N and C termini.2. What is the name of a membrane protein that has the above structure?3. Describe the st
UCSC - BIO - 20b
Bio 20B Kidney Form and Function Water and Electrolyte Balance in Animals Water balance is critical Key Concepts o Homeostasis-maintaining the cellular environment o Kidney Structure and Function o The Kangaroo Rat-how to live in a desert o Marine
UCSC - BIO - 20b
Bio 20B - April 10, 2007 First Lecture Stuff First Then Digestion and Nutrition Homeostasis provides a constant environment in which chemical reactions (e.g. enzyme reactions) can occur (specifically for this lecture, temperature) o This does n
UCSC - BIO - 20b
Bio 20B April 19, 2007 Respiratory Continued Circulatory System Endocrine System (Freeman Fig. 44-12a graph) relationship between: how much oxygen is stored (saturated) on hemoglobin and partial pressure of oxygen in blood within tissue. If hem