Advanced Cost Management notes for March 11 2013 - Questions\/Topicstostartclass Questions\/Topicstostartclass Reviewhomework Chapt

Advanced Cost Management notes for March 11 2013 -...

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Questions/Topics to start class Whose mistakes are best to find? Is it better to ask questions you know the answer  to or that you do not know the answer to? “There is no upside to that”.
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Questions/Topics to start class Article on Parker Hannifin Current articles from Students Review homework Chapter 2 notes Group Project assignment
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Advanced Cost Management Chapter 2 Nature of Costs
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Key Points: Chapter 2 Profit Maximizing at MR = MC One of most useful tools in all of business is CVP TC = FC + VC*Q Profit = TR - TC Written setting profit = 0 to find breakeven point 0 = FC +(P-VC)*Q, where P- VC = contribution  margin  Opportunity costs are only relevant between  alternatives.
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Problems to review in class P 2-3 P 2-6 P2-9 P 2-13 P2-20
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Advanced Cost Management Chapter 3 Opportunity Cost of  Capital and Capital  Budgeting
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  • Winter '13
  • Brown
  • Cost Accounting, CVP analysis, breakeven point

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