Discuss the managerial accountant

Discuss the managerial accountant - know exactly the cost...

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Discuss the managerial accountant's role in business planning, control and decision making. Explain why product cost are capitalized but period costs are expensed in the current accounting period. Define and explain the unit contribution ma r gin . The contribution margin ratio. Chapter 19: Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots? A company must estimate overhead because it is impossible to calculate accurately in advance to
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Unformatted text preview: know exactly the cost of a job. What information is recorded on a job cost sheet? How do management and employees use job cost sheets? Job cost, applied overhead, product information, reference numbers and key dates are recorded on a job cost sheet. Management and employees use job sheets to track job costs....
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