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##### ACG 203 - Managerial Accounting - UNC Wilmington Study Resources
• 1 Page
• ###### Chapter 7 Quiz Solutions Spring 2013
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###### Chapter 7 Quiz Solutions Spring 2013

School: UNC Wilmington

Course: Managerial Accounting

Accounting 203 Chapter 7 Quiz Name_Key_ Ollivier Corporation has an activity-based costing system with three activity cost pools-Processing, Supervising, and Other. In the first stage allocations, costs in the two overhead accounts, equipment expense and

• 10 Pages
###### Test 3 (CH. 8,9)

School: UNC Wilmington

Course: Managerial Accounting

NOTICE: This test covers only chapters 8 & 9. Your test will cover chapter 11 also. I will try to find some problems for you from chapter 11. Good luck! Accounting 203 Test 3 Chapters 8,9 1. A favorable material price variance coupled with an unfavor

• 10 Pages
###### Previous Test 2

School: UNC Wilmington

Course: Managerial Accounting

Accounting 203 Test 2 Name_ 1. During March, Adams Company had sales of \$5,000,000, variable expenses of \$3,000,000, and fixed expenses of \$1,500,000. Assume that cost behavior and unit selling price remain unchanged during Aril. In order for the com

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• ###### Accounting Exam 2 Cheat Sheet
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###### Accounting Exam 2 Cheat Sheet

School: UNC Wilmington

Course: Managerial Accounting

CH 5: Cost-Volume Profit Analysis Profit = (Unit Selling Price)(Q Sold) (Unit Var Exp)(Q Sold) Fixed Exp Unit Contribution Margin = (Unit SP Unit Var Exp) = (Sales Var EXP) / Sales Contribution Margin Ratio = (Unit SP Unit Var Exp) / Unit SP QuantityBE =

• 2 Pages
###### Chapter 4 Homework

School: UNC Wilmington

Course: Managerial Accounting

• 4 Pages
###### Chapter 7 Homework

School: UNC Wilmington

Course: Managerial Accounting

• 6 Pages
###### Chapter 2 Homework

School: UNC Wilmington

Course: Managerial Accounting

• 1 Page
• ###### Cheat Sheet Accounting 203 Exam1
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###### Cheat Sheet Accounting 203 Exam1

School: UNC Wilmington

Course: Managerial Accounting

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• ###### Chapter 4 Solutions, 1st day (1)
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###### Chapter 4 Solutions, 1st Day (1)

School: UNC Wilmington

Course: Managerial Accounting

Chapter4Solutions,1stDay Exercise42(10minutes) WeightedAverageMethod Unitstransferredout. Workinprocess,ending: 30,000units70%. 30,000units50%. Equivalentunitsofproduction. EquivalentUnits Materials Conversion 410,000 410,000 21,000 431,000 15,000 425,0

• 6 Pages
• ###### Chapter 12 Solutions, 2nd Day
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###### Chapter 12 Solutions, 2nd Day

School: UNC Wilmington

Course: Managerial Accounting

• 5 Pages
###### Chapter 3 Homework

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Chapter 9 Homework

School: UNC Wilmington

Course: Managerial Accounting

• 5 Pages
###### Chapter 10 Homework

School: UNC Wilmington

Course: Managerial Accounting

• 3 Pages
###### Chapter 11 Homework

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Chapter 12 Homework

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Chapter 12 Class Notes

School: UNC Wilmington

Course: Managerial Accounting

• 5 Pages
###### Chapter 11 Class Notes

School: UNC Wilmington

Course: Managerial Accounting

• 11 Pages
###### ACG 203 Gallagher

School: UNC Wilmington

Course: Managerial Accounting

Budget Project Data Sheet 2013 Sales Forecast (in cases of popsicles) 1st Quarter 22,000 Selling Price 120,000 1st Quarter 2nd Quarter 28,000 38,000 \$24.00 Beginning Accounts Receivable 2014 2nd Quarter 3rd Quarter 4th Quarter 34,000 40,000 22,000 Beginni

• 11 Pages
• ###### ACG 203 Final Projectv3.0
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###### ACG 203 Final Projectv3.0

School: UNC Wilmington

Course: Managerial Accounting

Data Sheet Budget Project Data Sheet 2013 Sales Forecast (in cases of popsicles) 1st Quarter 22,000 Selling Price 120,000 1st Quarter 2nd Quarter 28,000 38,000 \$24.00 Beginning Accounts Receivable 2014 2nd Quarter 3rd Quarter 4th Quarter 34,000 40,000 22,

• 2 Pages
###### Cheat Sheet Final

School: UNC Wilmington

Course: Managerial Accounting

Chapter11DivisionalPerformanceMeasurement ROI=Netoperatingincome/Averageoperatingassets ROIcanbeexpressedintermsofmarginandturnoverasfollows: ROI=marginxturnover Margin=Netoperatingincome Sales Turnover=Sales Averageoperatingassets Residual=Netoperating(A

• 9 Pages
• ###### Chapter 10 Solutions, 1st day
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###### Chapter 10 Solutions, 1st Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter10Solutions,1stDay Exercise101(20minutes) 1. Numberofchoppingblocks. Numberofboardfeetperchoppingblock. Standardboardfeetallowed. Standardcostperboardfoot. Totalstandardcost. 4,000 2.5 10,000 \$1.80 \$18,000 Actualcostincurred. Standardcostabove. Spe

• 8 Pages
• ###### Chapter 9 Solutions with extended examples for 9-9 and problem 9-20 (2)
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###### Chapter 9 Solutions With Extended Examples For 9-9 And Problem 9-20 (2)

School: UNC Wilmington

Course: Managerial Accounting

Chapter9SolutionsincludinginclassextensionstoExercise99 Exercise91(10minutes) GatorDivers FlexibleBudget FortheMonthEndedMarch31 Actualdivinghours. 190 Revenue(\$380.00q). Expenses: Wagesandsalaries(\$12,000+\$130.00q). Supplies(\$5.00q). Equipmentrental(\$2,5

• 5 Pages
• ###### Chapter 3 Solutions, 3rd Day
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###### Chapter 3 Solutions, 3rd Day

School: UNC Wilmington

Course: Managerial Accounting

• 1 Page
###### CHapter 4 ACG

School: UNC Wilmington

Course: Managerial Accounting

A NA Y IS O P OC S C L S F R E S OS S - Weig ted A T h verag Meth d e o S E 1- H T P OW MA NY UNIT WE EWO K D ON: S R R E P Y IC H S AL U NIT S P R E E C NT C MP E ION O L T WIP B G , E INNGINVE NT R O Y NE WU NIT S A T D S T R E T OT L U A NIT WOR E S K

• 4 Pages
• ###### Chapter 3 Solutions, 2nd Day
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###### Chapter 3 Solutions, 2nd Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter3Solutions,2ndDay Exercise311(30minutes) 1. a. RawMaterialsInventory. AccountsPayable. 210,000 b. WorkinProcess. ManufacturingOverhead. RawMaterialsInventory. 152,000 38,000 c. WorkinProcess. ManufacturingOverhead. SalariesandWagesPayable. 49,000 2

• 15 Pages
• ###### Chapter 5 Solutions, 2nd day
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###### Chapter 5 Solutions, 2nd Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter5Solutions,2ndDay Exercise56(10minutes) 1. Theequationmethodyieldstherequiredunitsales,Q,asfollows: Profit =UnitCMQFixedexpenses \$6,000 =(\$140\$60)Q\$40,000 \$6,000 =(\$80)Q\$40,000 \$80Q =\$6,000+\$40,000 Q =\$46,000\$80 Q =575units 2. Theformulaapproachyie

• 5 Pages
• ###### Chapter 5 solution, 1st Day
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###### Chapter 5 Solution, 1st Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter5solutions,1stday Exercise54(10minutes) 1. Thecompanyscontributionmargin(CM)ratiois: Totalsales. Totalvariableexpenses. =Totalcontributionmargin. Totalsales. =CMratio. \$300,000 240,000 \$60,000 \$300,000 20% 2. Thechangeinnetoperatingincomefromanincr

• 1 Page
###### ACG Exam Review 3

School: UNC Wilmington

Course: Managerial Accounting

Ch 7- Activity Based Costing 1) Compute activity cost rate to apply to ALL products/customers -Tot Act Cost/Tot Act Across ALL Prods/Customers 2)Assign activity cost to prod/cust based on amount activity in each prd/cust 3)Prd-Add DM, DL 4)Tot cost per un

• 2 Pages
• ###### ACG Final Exam Cheat Sheet
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###### ACG Final Exam Cheat Sheet

School: UNC Wilmington

Course: Managerial Accounting

CH 5: Cost-Volume Profit Analysis Profit = (Unit Selling Price)(Q Sold) (Unit Var Exp)(Q Sold) Fixed Exp Unit Contribution Margin = (Unit SP Unit Var Exp) = (Sales Var EXP) / Sales Contribution Margin Ratio = (Unit SP Unit Var Exp) / Unit SP QuantityBE =

• 2 Pages
###### ACG203 EXAM 1

School: UNC Wilmington

Course: Managerial Accounting

Chapter2ManagerialAccountingandCostConcepts: ManufacturingCosts=directmaterials,directlabor,&MFGOH. DMMaterialsthatcostcanbetracedtofinishedproduct DLLaborthatcanbeeasilytraced Productcosts=allmanufacturingcosts Periodcosts=allsellingandadministrativecost

• 4 Pages
• ###### Chapter 4 Solutions, 2nd Day
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###### Chapter 4 Solutions, 2nd Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter4Solutions,2ndDay Exercise46(15minutes) WeightedAverageMethod 1. Unitstransferredtothenext department. Workinprocess,ending: Materials: 50,000units60%complete. Laborandoverhead: 50,000units20%complete. Equivalentunitsofproduction. Materials Labor 7

• 12 Pages
• ###### Chapter 6 Solutions, 2nd Day
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###### Chapter 6 Solutions, 2nd Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter6Solutions,2ndDay Exercise613(20minutes) 1. Sales(40,000units\$33.75perunit). Variableexpenses: Variablecostofgoodssold (40,000units\$16perunit*). Variablesellingandadministrativeexpenses (40,000units\$3perunit). Contributionmargin. Fixedexpenses: Fix

• 7 Pages
• ###### Chapter 10 Solutions, 2nd Day
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###### Chapter 10 Solutions, 2nd Day

School: UNC Wilmington

Course: Managerial Accounting

• 8 Pages
• ###### Chapter 7 Solutions, 2nd Day
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###### Chapter 7 Solutions, 2nd Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter7Solutions,2ndDay Exercise77(10minutes) Tellerwages. Assistantbranchmanagersalary. Branchmanagersalary. Tellerwages. Assistantbranchmanagersalary. Branchmanagersalary. \$150,000 \$70,000 \$85,000 DistributionofResourceConsumptionAcrossActivities Proce

• 6 Pages
• ###### Chapter 7 Solutions 1st Day
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###### Chapter 7 Solutions 1st Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter7Solutions,1stDay Exercise71(10minutes) a. b. c. d. e. f. g. h. Variousindividualsmanagethepartsinventories. Aclerkinthefactoryissuespurchaseordersfora job. Thepersonneldepartmenttrainsnewproduction workers. Thefactorysgeneralmanagermeetswithother

• 6 Pages
• ###### Chapter 8 Solutions, 2nd Day
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###### Chapter 8 Solutions, 2nd Day

School: UNC Wilmington

Course: Managerial Accounting

Exercise814(30minutes) 1. Scheduleofexpectedcashcollections: Fromaccounts receivable. FromJulysales: 30%200,000. 70%200,000. FromAugustsales: 30%220,000. 70%220,000. FromSeptembersales: 30%210,000. Totalcashcollections. July Month Septembe r August Quarte

• 8 Pages
• ###### Chapter 12 Solutions, 1st day(1)
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###### Chapter 12 Solutions, 1st Day(1)

School: UNC Wilmington

Course: Managerial Accounting

Chapter12Solutions,1stday Exercise122(30minutes) 1. No,thehousekeepingprogramshouldnotbediscontinued.Itisactually generatingapositiveprogramsegmentmarginandis,ofcourse, providingavaluableservicetoseniors.Computationstosupportthis conclusionfollow: Contrib

• 7 Pages
• ###### Chapter 8 Solutions, 1st Day
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###### Chapter 8 Solutions, 1st Day

School: UNC Wilmington

Course: Managerial Accounting

Chapter 08 Profit Planning Chapter8Solutions,1stDay Exercise81(20minutes) 1. Maysales: \$430,00010%. Junesales: \$540,00070%,10% Julysales: \$600,00020%, 70%,10%. Augustsales: \$900,00020%, 70%. Septembersales: \$500,00020%. Totalcashcollections. . . July Augu

• 2 Pages
• ###### BenefitsofDecentralizationNotes
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###### BenefitsofDecentralizationNotes

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Ch7Homework

School: UNC Wilmington

Course: Managerial Accounting

• 15 Pages
###### Chap002

School: UNC Wilmington

Course: Managerial Accounting

Chapter 2 Lecture Notes Chapter 2 Lecture Notes 1 I. 2 3 Chapter theme: This chapter explains how managers need to rely on different cost classifications for different purposes. The four main purposes emphasized in this chapter include preparing external

• 14 Pages
###### Chap001

School: UNC Wilmington

Course: Managerial Accounting

Chapter 1 Lecture Notes Chapter 1 Lecture Notes 1 I. Chapter theme: This chapter explains why managerial accounting is important to the future careers of all business students. It answers three questions: (1) What is managerial accounting? (2) Why does ma

• 9 Pages
• ###### another previous test 1
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###### Another Previous Test 1

School: UNC Wilmington

Course: Managerial Accounting

02/03/0XX Version 1 Managerial Accounting 203 Test 1 Spring XXXX Chapters 1,2,&3 Name_ Section 2:00 3:30 6:00 Row _ 1. An example of a direct labor cost is wages paid to a: A B C D A) B) C) D) ) ) ) ) F a c to r y m a c h in e o p e r a to r No No Yes Yes

• 5 Pages
###### Job Costing

School: UNC Wilmington

Course: Managerial Accounting

• 3 Pages
###### Elements Of Cost

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Activity_based_costing

School: UNC Wilmington

Course: Managerial Accounting

• 8 Pages
###### Acg 203 Exam #2

School: UNC Wilmington

Course: Management Accounting

• 1 Page
###### Acg 203 Quiz 6

School: UNC Wilmington

Course: Management Accounting

• 1 Page
###### Acg 203 Quiz3

School: UNC Wilmington

Course: Management Accounting

• 1 Page
###### Acg 203 Quiz1

School: UNC Wilmington

Course: Management Accounting

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###### Acg 203 Quiz 5

School: UNC Wilmington

Course: Management Accounting

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###### Acg 203 Quiz 4

School: UNC Wilmington

Course: Management Accounting

• 1 Page
###### Acg 203 Quiz 2

School: UNC Wilmington

Course: Management Accounting

• 1 Page
###### Ch10 Hw

School: UNC Wilmington

Course: Managerial Accounting

hw 10 1,2,6,8 1. A. The cost will be 1.8x2.5x4000=18000 a. 18700-18000=700 less B. (11000 1.8)=18700, (11000X1.7)=18000. SP= 1.7 (10000x1.7)=170000 Materials price variance=11000x(-.1)=-1100 F Materials quantity variance=1.8(11000-10000)=1800 U 2. A. 6000

• 2 Pages
###### Accounting 203 Quiz 2

School: UNC Wilmington

Course: Managerial Accounting

Accounting 203 Chapter 2 Quiz Name _ Estimated cost and operating data for three companies for the upcoming year follow: Predetermined overhead rates are computed using the following bases in the three companies: Required: 1. Compute the predetermi

• 1 Page
###### Quiz 5 Solution

School: UNC Wilmington

Course: Managerial Accounting

Chapter 5 Quiz Solution Problem 1 Shipping Expense Pounds High Low Change 19000 16000 3000 Variable Cost Fixed Cost Total Cost Answer Problem 2 Sales Var. Selling Exppense Cost of Goods Sold Var. Adm. Expense Total Variable Expense Contribution Margi

• 20 Pages
###### Chap003

School: UNC Wilmington

Course: Managerial Accounting

Chapter 03 Lecture Notes Chapter 3 Lecture Notes 1 Chapter theme: Managers need to assign costs to products to facilitate external financial reporting and internal decision making. This chapter illustrates an absorption costing approach to calculating pro

• 16 Pages
###### Chap005

School: UNC Wilmington

Course: Managerial Accounting

Chapter 5 Lecture Notes Chapter 5 Lecture Notes 1 I. Chapter theme: Cost-volume-profit (CVP) analysis helps managers understand the interrelationships among cost, volume, and profit by focusing their attention on the interactions among the prices of produ

• 2 Pages
###### Ch5Homework

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Ch3Homework

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Ch2Homework

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Ch7Notes

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Ch10Notes

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### JobOrderCostingNotes

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Ch12Homework

School: UNC Wilmington

Course: Managerial Accounting

• 2 Pages
###### Ch11Homework

School: UNC Wilmington

Course: Managerial Accounting

• 8 Pages
###### ExamChapters5,7,10

School: UNC Wilmington

Course: Managerial Accounting

• 7 Pages
###### ExamChapters2-4

School: UNC Wilmington

Course: Managerial Accounting

• 9 Pages
###### Previous Test 1

School: UNC Wilmington

Course: Managerial Accounting

02/03/0XX Version 1 Managerial Accounting 203 Test 1 Spring XXXX Chapters 1,2,&3 Name_ Section 2:00 3:30 6:00 Row _ 1. An example of a direct labor cost is wages paid to a: A B C D A) B) C) D) ) ) ) ) F a c to r y m a c h in e o p e r a to r No No Yes Yes

• 11 Pages
###### Chapter 6

School: UNC Wilmington

Course: Managerial Accounting

Exercise61(15minutes) 1. Underabsorptioncosting,allmanufacturingcosts(variableand fixed)areincludedinproductcosts.(Allcurrencyvaluesarein thousandsofrupees,denotedbyR.) Directmaterials. Directlabor. R120 140 Variablemanufacturingoverhead. Fixedmanufactu

• 11 Pages
###### Chap009

School: UNC Wilmington

Course: Managerial Accounting

Chapter 9 Lecture Notes Chapter 9 Lecture Notes 1 I. Chapter theme: This chapter explores how budgets can be adjusted so that meaningful comparisons to actual costs can be made. Flexible budgets 2 22 Learning Objective 1: Prepare a flexible budget. A. Cha

• 21 Pages
###### Chap008

School: UNC Wilmington

Course: Managerial Accounting

Chapter 8 Lecture Notes Chapter 8 Lecture Notes 1 I. Chapter theme: This chapter focuses on the steps taken by businesses to achieve their planned levels of profits a process called profit planning. Profit planning is accomplished by preparing numerous bu

• 19 Pages
###### Chap007

School: UNC Wilmington

Course: Managerial Accounting

Chapter 07 Lecture Notes Chapter 07 Lecture Notes 1 I. Chapter theme: This chapter introduces students to activity-based costing (ABC) which is a tool that has been embraced by a wide variety of service, manufacturing, and non-profit organizations. Activi

• 17 Pages
###### Chap006

School: UNC Wilmington

Course: Managerial Accounting

Chapter 06 Lecture Notes Chapter 06 Lecture Notes 1 I. Chapter theme: Two general approaches are used for valuing inventories and cost of goods sold. One approach, called absorption costing, is generally used for external reporting purposes. The other app

• 9 Pages
###### Another Test 3

School: UNC Wilmington

Course: Managerial Accounting

Accounting 203 Test 3 Chapters 8,9,11 Name_ 1. Jordan Company budgeted sales of 400,000 calculators at \$40 per unit last year. Variable manufacturing costs were budgeted at \$16 per unit, and fixed manufacturing costs at \$10 per unit. A special order

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