2-1: A cost object is anything for which a manager needs a separate measurement of cost.
Examples include a product, a service, a project, a customer, a brand category, an activity, and a
2-2: A direct cost is any cost that is related to a par
Home-Work Chapter 2 Page 57
10. Because of the accounting scandals of the early twenty-first century, new laws like SarbanesOxley have been enacted. What societal and accounting values do the laws attempt to chan
Hudson County Community College
Intermediate Accounting II
Name: Asheena Ally
Exam - I
Short Answer / Case Studies Please show all work with the computations. All questions are
worth 4 points each.
Cutter Enterprises purchased equipment fo
Professor Melissa Martirano
Consumer Decision Making
Step 1: Problem Recognition: This step is when consumer develops a need or a want that they
want to be satisfied.
On Wednesday, I really felt like eating somethin
La Crme Break-Even Analysis
Sales Price/Manufacture price
# of Units La Crme Sold
Total Fixed Cost
1-1. Financial accounting focus on reporting financial information to eternal parties such as
government agencies, bank, investors, and supplier based on GAAP. While, management
accounting is the process of measuring, analyzing, and reporting financial an
3-1: Cost Volume Profit (CVP) analysis assists managers in understanding the behavior of a
products or service total costs, total revenues, and operating income as changes occur in the
output level, selling price, variable cost or fixed costs.