OBJ _UNIT2_10

OBJ _UNIT2_10 - components of a mixed cost using the...

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APPLIED MANAGERIAL ACCOUNTING - ACCT2460 UNIT 2: JOB ORDER COST ACCOUNTING TEXTBOOK REFERENCE : Weygandt/Keiso Chapter 2 Learning Outcomes 1. Define the three classes of manufacturing (product) costs: direct materials , direct labour , and manufacturing overhead . 2. Distinguish between product costs and period costs. 3. Distinguish between prime and conversion costs. 4. Distinguish between variable and fixed costs. 5. Explain the significance of the relevant range . 6. Explain the concept of a mixed cost and calculate the variable and fixed
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Unformatted text preview: components of a mixed cost using the high/low method . 7. Explain the difference between a merchandising and a manufacturing income statement. 8. Prepare a schedule of Cost of Goods Manufactured . 9. Identify the terms including in the glossary at the end of the chapter. Demonstration/Assignment problems: BE2-1, BE2-2, BE2-3, BE2-4, BE2-5, BE2-7, E2-14, E2-15, E2-16, E2-17, E2-18, E2-19, E2-22, E2-21, E2-15, E2-26, E2-30, E2-31....
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This note was uploaded on 03/03/2012 for the course ACCT 2460 taught by Professor Farrar during the Winter '12 term at Conestoga.

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