{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

032910_for_posting_v2003 - Exam 2 overview Friday April 2...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Exam 2 overview Friday April 2, 2010 in your section, 50 minutes 20 multiple choice questions on CH 6-10 (approx. equally weighted) Approx. 1/3 word answers and 2/3 calculations CH 9 does not include Manufacturing Cycle Efficiency Simple calculators only; bring spare batteries, pencils, erasers Violations of the Broad Honor Code include sharing information with other students during the exam or passing information along to students in other sections have serious consequences. Report any violations. Kattelus -Spring 2010 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Extension of Excel Due Dates ABI-WE 4 (CH 7-8-9 comparing costing systems and SmartArt) Due Monday 4/5/10 11pm ABI-WE 5 (CH 8-10 dynamic model, flexible budgeting, pivot tables) Due Friday 4/16/10 ABI-WE 6 (CH 13 Capital budgeting and time value of money) Due Friday 4/30/10 Kattelus - Spring 2010 2
Background image of page 2
CH 10 Flexible Budgets and Overhead Analysis 1. Flexible budgets can be more useful than static budgets 2. Fixed overhead budget variances – relate to cost savings in the components of fixed overhead; e.g., supervisors’ salaries, occupancy costs 3. Fixed overhead volume variances – relate to capacity issues Kattelus -Spring 2010 3
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Advantage of flexible over static budgets Can be prepared for any level of activity in the relevant range, not just one planned level Shows costs that should have been incurred at that actual level of activity Allows for “apples” to “ apples comparisons to improve performance evaluations Reveals variances related to cost control Kattelus -Spring 2010 4
Background image of page 4
Key to preparing a flexible budget: Recall: Total variable costs change in direct proportion to changes in activity.
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}