Review Sheet_ TT2_10

Review Sheet_ TT2_10 - Review Sheet - Applied Managerial...

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Review Sheet - Applied Managerial Accounting - ACCT2460 - Term Test #2 Learning Outcome Text Reference Chapter 7: Relevant Costing Understand the characteristics of a relevant cost and related terms, incremental cost, avoidable cost, sunk cost, opportunity cost, joint cost, incremental analysis P5#21 on suppl. problems handout Be able to apply relevant cost concepts to special decisions including Special Orders: on Suppl. Problem handout, P1#1, P4#19, P5#24, P3#13,), including minimum acceptable selling price for a special order = relevant cost of making + any opportunity cost , divided by # of units in the order. BE7-3, BE7-12, E7-13, E7- 25 Make or Buy P1#2, P1#4, P2#6, P2#8, P2#10, P3#14, P5#23 BE6-5, E7-14, E7-15 Keep or Drop P2#12, P5#25, P6#28 BE7-9, E7-21, E7-26 Keep or Replace P4:#22, P2#9, MC-P11#20, MC-P9#10 BE6-8, E7-19, E7-20 Sell as is or Process further see questions re text ref. Sell as is or do something further
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