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

  • 1 Page Accounting Exam 2 Cheat Sheet
    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
    Chapter 4 Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 4 Pages Chapter 7 Homework
    Chapter 7 Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 6 Pages Chapter 2 Homework
    Chapter 2 Homework

    School: UNC Wilmington

    Course: Managerial Accounting

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

    School: UNC Wilmington

    Course: Managerial Accounting

    Overheadappliedto=PredeterminedxAmountoftheallocation Chapter2ManagerialAccountingandCostConcepts: Aparticularjoboverheadratebaseincurredbythejob ManufacturingCosts=directmaterials,directlabor,&MFGOH. Productcosts=allmanufacturingcosts CostFlowsandClassif

  • 1 Page Chapter 4 Solutions, 1st day (1)
    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
    Chapter 12 Solutions, 2nd Day

    School: UNC Wilmington

    Course: Managerial Accounting

    Chapter12Solutions,2ndday(Includingextrainclassproblems) Exercise124(15minutes) Onlytheincrementalcostsandbenefitsarerelevant.Inparticular,onlythe variablemanufacturingoverheadandthecostofthespecialtoolare relevantoverheadcostsinthissituation.Theothermanu

  • 5 Pages Chapter 3 Homework
    Chapter 3 Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Chapter 9 Homework
    Chapter 9 Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 5 Pages Chapter 10 Homework
    Chapter 10 Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 3 Pages Chapter 11 Homework
    Chapter 11 Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Chapter 12 Homework
    Chapter 12 Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Chapter 12 Class Notes
    Chapter 12 Class Notes

    School: UNC Wilmington

    Course: Managerial Accounting

  • 5 Pages Chapter 11 Class Notes
    Chapter 11 Class Notes

    School: UNC Wilmington

    Course: Managerial Accounting

  • 11 Pages ACG 203 Gallagher
    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
    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
    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
    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)
    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
    Chapter 3 Solutions, 3rd Day

    School: UNC Wilmington

    Course: Managerial Accounting

    Chapter3Solutions,3rdday Exercise313(15minutes) 1. Actualmanufacturingoverheadcosts. Manufacturingoverheadapplied: 10,000MH$5perMH. Overappliedoverheadcost. 2. Directmaterials: Rawmaterialsinventory,beginning. Add:Purchasesofrawmaterials. Rawmaterialsavai

  • 1 Page CHapter 4 ACG
    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
    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
    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
    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
    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
    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
    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
    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
    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
    Chapter 10 Solutions, 2nd Day

    School: UNC Wilmington

    Course: Managerial Accounting

    Chapter10Solutions,2ndDay Exercise10A1(15minutes) 1. Thetotaloverheadcostatthedenominatorlevelofactivitymustbe determinedbeforethepredeterminedoverheadratecanbecomputed. Totalfixedoverheadcostperyear. Totalvariableoverheadcost ($3.50perDLH80,000DLHs). Tot

  • 8 Pages Chapter 7 Solutions, 2nd Day
    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
    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
    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)
    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
    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
    BenefitsofDecentralizationNotes

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Ch7Homework
    Ch7Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 15 Pages Chap002
    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
    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
    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
    Job Costing

    School: UNC Wilmington

    Course: Managerial Accounting

  • 3 Pages elements of cost
    Elements Of Cost

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages activity_based_costing
    Activity_based_costing

    School: UNC Wilmington

    Course: Managerial Accounting

  • 8 Pages Acg 203 exam #2
    Acg 203 Exam #2

    School: UNC Wilmington

    Course: Management Accounting

  • 1 Page acg 203 quiz 6
    Acg 203 Quiz 6

    School: UNC Wilmington

    Course: Management Accounting

  • 1 Page acg 203 quiz3
    Acg 203 Quiz3

    School: UNC Wilmington

    Course: Management Accounting

  • 1 Page Acg 203 quiz1
    Acg 203 Quiz1

    School: UNC Wilmington

    Course: Management Accounting

  • 1 Page acg 203 quiz 5
    Acg 203 Quiz 5

    School: UNC Wilmington

    Course: Management Accounting

  • 1 Page acg 203 quiz 4
    Acg 203 Quiz 4

    School: UNC Wilmington

    Course: Management Accounting

  • 1 Page acg 203 quiz 2
    Acg 203 Quiz 2

    School: UNC Wilmington

    Course: Management Accounting

  • 1 Page ch10 hw
    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
    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
    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
    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
    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
    Ch5Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Ch3Homework
    Ch3Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Ch2Homework
    Ch2Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Ch7Notes
    Ch7Notes

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Ch10Notes
    Ch10Notes

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages JobOrderCostingNotes
    JobOrderCostingNotes

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Ch12Homework
    Ch12Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 2 Pages Ch11Homework
    Ch11Homework

    School: UNC Wilmington

    Course: Managerial Accounting

  • 8 Pages ExamChapters5,7,10
    ExamChapters5,7,10

    School: UNC Wilmington

    Course: Managerial Accounting

  • 7 Pages ExamChapters2-4
    ExamChapters2-4

    School: UNC Wilmington

    Course: Managerial Accounting

  • 9 Pages previous test 1
    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
    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
    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
    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
    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
    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
    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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