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ACC 213 Notes - ACC213Notes 21:04 ACC213Notes...

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ACC 213 Notes 21:04
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ACC 213 Notes 21:04 COGM – Cost of goods manufactured Finished Goods                  xxx Work In Progress              xxx COGS – Cost of goods sold COGS                                xxx Finished Goods                 xxx Total variable costs change when activity changes. Total fixed costs remain unchanged when activity changes.    \ y-int.  /slope Y= a +    bx   actvitiy (volume)      /         \> variable fixed total fixed per unit = a/x   total var. cost= bx Cost can be fixed, variable or mixed. (Think phone bill.)       Behavior of Cost (within relevant range) COST                              IN TOTAL                           PER UNIT
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ACC 213 Notes 21:04 Variable       Total variable cost changes          Variable cost per unit remains                 as activity level changes.             the same over wide ranges of                                                                              activity. Fixed         Total fixed cost remains the        Average fixed cost per unit goes                       same even when the activity        down as activity level goes up.                   level changes. Problem 2.15 example Prime Costs= DM +DL Conversion Costs= DL + MO Manufacturing Costs= DM + DL + MO - Incremental/Differential Costs - Opportunity Costs - Sunk costs already been incurred no impact on future decisions Quiz Review! Controller is a staff position.
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ACC 213 Notes 21:04 Decentralization delegate decisions through the company. Managerial accounting has it’s emphasis on the future. Staff positions vs. Line positions Target – staff manager of personnel department - Line cashier, manager of housewares Three major customer value propositions Customer intimacy Product leadership Operational excellence COGM – costs of goods manufactured DL= $13,000 DL=  20% of prime costs Manufacturing Costs= $88,000 MO= ??
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