ch02 - TER CHAP Chapter 2 Cost Behavior and Cost Estimation...

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2 C H AP T ER Chapter 2 - Cost Behavior and Cost Estimation Cost Behavior and Cost Estimation Learning Objectives 1. Identify basic cost behavior patterns and explain how changes in activity level affect total cost and unit cost. (Unit 2.1) 2. Estimate a cost equation from a set of cost data and predict future total cost from that equation. (Unit 2.2) 3. Prepare a contribution format income statement. (Unit 2.3) Summary of End of Chapter Material Difficulty: E = Easy, M = Moderate, D = Difficult Bloom: K = Knowledge, C = Comprehension, AP = Application, AN = Analysis, S = Synthesis, E = Evaluation AACSB : A = Analytic, C = Communication, E = Ethics AICPA FN: DM = Decision modeling, RA = Risk Analysis, M = Measurement, R = Reporting, RS = Research, T = Technology AICPA PC: C = Communication, I = Interaction, L = Leadership, P = Professional demeanor, PM = Project Management, PS = Problem Solving and Decision Making, T = Technology IMA: BA = Business applications, BP = Budget Preparation, CM = Cost Management, DA = Decision Analysis, PM = Performance Measurement, R = Reporting, SP = Strategic Planning Item L. O. Difficulty Level Minutes to Complete Bloom’s Taxonomy AACSB AICPA FN AICPA PC IMA Ethics Coverage GUIDED UNIT PREPARATION Unit 2.1 1 1 M 2 C A R C CM 2 1 M 4 C, K A R C CM 3 1 M 3 C, K A R C CM 4 1 E 2 C A R C CM 5 1 M 4 C, K A R C CM 6 1 M 4 C, K A R C CM Unit 2.2 1 2 E 1 K A M PS CM 2 2 M 2 C A M PS CM 3 2 M 4 K A M PS CM 4 2 E 2 C A M PS CM 5 2 M 4 C A M PS CM Unit 2.3 1 3 E 1 K A M PS CM 2 3 E 2 K A M PS CM 3 3 D 3 C A M PS CM 4 3 D 3 C A M PS CM EXERCISES 2-1 1 M 12 C A R C CM 2-2 1 M 15 C A R C CM 2-3 1 M 12 AP A M PS CM 2-4 1 M 15 AP, C A M PS CM 2-5 1 M 15-20 AP, AN A M PS CM 2-6 1 D 5-7 AN A M PS CM 2-1 photo : © Tisch enko Irina/ Shutt ersto ck
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Solutions for Davis & Davis, Managerial Accounting , 2 nd ed. Item L. O. Difficult y Level Minutes to Complete Bloom’s Taxonomy AACSB AICPA FN AICPA PC IMA Ethics Coverage 2-7 1 D 8 AP, AN A M PS CM 2-8 2 M 15-20 AP, AN A M PS CM 2-9 2 M 20 AP, AN A M PS CM 2-10 2 M 12 AP, AN A M PS CM 2-11 2 D 20 AP A M PS CM 2-12 2 D 10-15 AP A M PS CM 2-13 3 M 10-15 AP A M PS CM 2-14 3 E 10-15 AN A M PS CM 2-15 3 D 10-15 AP A M PS CM 2-16 3 M 15 AP A M PS CM 2-17 3 E 15 AP A M PS CM 2-18 3 E 10 AP A M PS CM PROBLEMS 2-19 1 E 20-25 AP, AN A M PS CM 2-20 2 M 20-25 AP, AN A M PS CM 2-21 2 D 15-20 AP, AN A M PS CM 2-22 2 M 20-25 AP, AN A M PS CM 2-23 2 D 30-35 AP, AN A M PS CM 2-24 1, 3 D 20-25 AP A M PS CM 2-25 2, 3 D 20 AP A M PS CM 2-26 3 D 20-25 AP A M PS CM, DA C&C CONTINUING CASE 2-27 1 E 5-7 C A M PS CM 2-28 2, 3 M 10 AP, AN A M PS CM CASES 2-29 1 D 20-25 AP A M PS CM 2-30 M 10-15 AN A, E R C BA 2-2
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Chapter 2 - Cost Behavior and Cost Estimation SOLUTIONS TO GUIDED UNIT PREPARATION Unit 2.1 1. Managers must be able to predict the financial results of their various decisions. The only way to predict results is to know how costs will change or “behave” with changes in activity.
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