Review Sheet_ TT1_W10

Review Sheet_ TT1_W10 - Review Sheet - Applied Managerial...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Review Sheet - Applied Managerial Accounting - Term Test #1, March 2012 Reference Chapter 1 Managerial Accounting T heory: meaning of planning, directing, controlling, ; differences between financial and managerial accounting; other terms: value chain, JIT inventory, total quality management (TQM), theory of constraints, balanced scorecard; See chapter highlights; see E1-3, E1-4, E1-5. E1-6, Chapter 2 : Cost Concepts and Cost Behavior Analysis Theory: meaning of DM, DL, indirect materials, indirect labour, MO, prime cost, conversion cost, marketing and administrative costs, product costs v. period cost; ); meaning of relevant range. Distinguish between variable and fixed costs in total and on a per unit basis an graphically; Understand a mixed cost including graphical presentation and TC formula (TC = TFC + var. cost/unit * x. See notes and glossary at end of chapter Practical : Be able to identify whether a given cost is mfg and product (DM, DL, MO) or non-mfg and period (S&A), variable and fixed, sunk, opportunity cost Prepare a
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/03/2012 for the course ACCT 2460 taught by Professor Farrar during the Winter '12 term at Conestoga.

Page1 / 2

Review Sheet_ TT1_W10 - Review Sheet - Applied Managerial...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online