ch01 - CHAPTER 1 Managerial Accounting ASSIGNMENT...

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CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems * 1. Explain the distinguishing features of managerial accounting. 1, 2, 3 1 1 * 2. Identify the three broad functions of management. 4, 5, 6, 7, 8 2, 3 * 3. Define the three classes of manufacturing costs. 11, 12 4, 5, 7 2, 3, 4, 5, 6 1A, 2A 1B, 2B * 4. Distinguish between product and period costs. 13 6 3, 4, 5, 7, 13 1A, 2A 1B, 2B * 5. Explain the difference between a merchandising and a manufacturing income statement. 9, 14 8, 12, 13, 14, 15, 17 3A, 4A, 5A 3B, 4B, 5B * 6. Indicate how cost of goods manufactured is determined. 15, 16, 17, 18 8, 10, 11 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 3A, 4A, 5A 3B, 4B, 5B * 7. Explain the difference between a merchandising and a manufacturing balance sheet. 10, 19 9 14, 15, 16, 17 3A, 4A 3B, 4B * 8. Identify trends in managerial accounting. 20, 21, 22 23, 24 18 *9. Prepare a worksheet and closing entries for a manufacturing company. 25, 26, 27 12 19 6A *Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter. © 2008 For Instructor Use Only 1-1

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ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Classify manufacturing costs into different categories and compute the unit cost. Simple 20–30 2A Classify manufacturing costs into different categories and compute the unit cost. Simple 20–30 3A Indicate the missing amount of different cost items, and prepare a condensed cost of goods manufactured schedule, an income statement, and a partial balance sheet. Moderate 30–40 4A Prepare a cost of goods manufactured schedule, a partial income statement, and a partial balance sheet. Moderate 30–40 5A Prepare a cost of goods manufactured schedule and a correct income statement. Moderate 30–40 *6A Complete a worksheet; prepare a cost of goods manufactured schedule; an income statement, and a balance sheet; journalize and post the closing entries. Complex 40–50 1B Classify manufacturing costs into different categories and compute the unit cost. Simple 20–30 2B Classify manufacturing costs into different categories and compute the unit cost. Simple 20–30 3B Indicate the missing amount of different cost items, and prepare a condensed cost of goods manufactured schedule, an income statement, and a partial balance sheet. Moderate 30–40 4B Prepare a cost of goods manufactured schedule, a partial income statement, and a partial balance sheet. Moderate 30–40 5B Prepare a cost of goods manufactured schedule and a correct income statement. Moderate 30–40 © 2008 For Instructor Use Only 1-2
LOOM’S TAXONOMY TABLE 2008 For Instructor Use Only 1-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation * 1. Explain the distinguishing features

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This note was uploaded on 04/11/2010 for the course BUSINESS FIN taught by Professor Sata during the Spring '10 term at A.T. Still University.

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ch01 - CHAPTER 1 Managerial Accounting ASSIGNMENT...

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