Sigma (S) is the Greek symbol to represent the standard deviation for a set of measured data.
How well variation meets cost requirements. What the customer wants is used as the standard
mean. Not meeting the customers needs is described as
The Evolution of Managerial Accounting Practices
Trends in Managerial Accounting
Cost determination &
Prior to 1950
Budgeting and cost accounting systems.
Providing information Anthony's 1965 management control
There are two basic systems for allocating manufacturing overhead costs to units sold(or
1- A traditional costing system : which takes all of the manufacturing overhead and divides
it by some kind of cost driver i.e. machine hours. ( So if you
An example of three variable costs could be paper goods, food, and sales tax. Three fixed costs
could be franchise fee, rent and equipment and furniture. Examples of mixed costs might be a
franchise fee or online advertizing if they include a fee and comm
One factor for Microsoft's earnings can be summed up in two words: Xbox 360. The company is spending a lot
of money to get the next-gen console into gamers' living rooms, sparing no expense in increasing production of
the once-scarce machine. "We extended
Joyful Gas Company an independent oil producer in Dallas, Texas. In March, company geologist
discovered a pool of oil that tripled the companys proven reserves. Prior to disclosing the new oil to the
public, Joyful Gas Company quietly bought most of its s
Review the 2007 Foot Locker, Inc. Form 10-K (Statement of Stockholders Equity) (link) Select two of the
following questions to review/discuss:
At the end of fiscal 2007, how many classes of stock does Foot Locker, Inc. have authorized?