Capital Budgeting Process
A. Capital budgeting is the process that managers use to make capital investment decisions.
These decisions involve an investment in major capital assets, such as new machinery,
E1 Presented below is a list of costs and expenses usually incurred by Burrand Corporation, a
Salaries for assembly line supervisors
Insurance on factory machines.
Property taxes on the f
Basic Concepts of Process Costing
LO 1 - Describe the key features of a process costing system.
A. Job Order versus Process Costing
1. Process Costing Process costing is used by companies that make standardized
INTRODUCTION TO MANAGERIAL ACCOUNTING
Role of Managerial Accounting in Organizations
A. Decision-Making Orientation
1. The primary goal of accounting is to provide information for decision making.
2. The major difference between financial acc
E1-1 Chris Martin has prepared the following list of statements about managerial accounting and
Financial accounting focuses on providing information to internal users.
Analyzing cost-volume-profit relati
if you use any other electronic devices during the exams/quizzes without permission.
rogrammable calculator during any ACC201 and ACC202 exams.
ACC 202: Introduction to Managerial Accounting
Section C: TH 3:30- 4:45 PM, Hawkin 135
Exercise 13-2 Financial Ratios for Common Stockholders [LO2]
Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31
appear below. The company did not issue any new common or preferred stock during the year.
Answer Key to Financial & Managerial Accounting Review Questions
7-1.How does HRM affect all managers?
Human resource management can affect all managers in the organization,
whether itis the managers in a large business or the sole manager in a small business.
Such as the finance manager. The human resource managers de
Proxy has received a special order for 1,000 units of its product at a special price of $250. The
product currently sells 18,000 units for $300 and has the following manufacturing costs:
3. Observations on Fi rms A and B.
The COGS for Fi rm A, Microsoft, has been relatively constant over a period of 3 years,
between ranges of 19.20% to 20.80%, but the COGS for Fi rm B, Google, has been declining
over the past 3 years. The reason could be
ACC202 Excel Spreadsheet Project: Budgetary Plainning
This Excel Spreadsheet Project is aimed at familiarize students with preparatio
Build the budget spreadsheet
Given a dataset, you are required to build the connections among the datase
Roles of Budget in the Planning and Control Cycle
LO 1 - Describe the phases of planning and control process.
A. In the first chapter, we introduced the four functions of management: planning,
Quantity Schedule and Equivalent Units
Units to be accounted for
Working Process, June 1
(materials 100% complete; conversion 75% complete)
Started into production
Total Units to be accounted for
Cost Behavior Patterns
LO 1 - Identify costs as either variable, fixed, step, and mixed.
A. The last four chapters describe how to calculate the cost of a physical product. The
method used to determine the product costs depends
ACTIVITY BASED COST AND ACTIVITY BASED
Traditional Volume-Based Cost Systems
LO 1 - Assign indirect cost to products and services using a single volume-based allocation
A. Volume-Based Cost System
1. Direct materials and d
Measuring and Evaluating
Limitations of Financial Statement Analysis
Many factors must be considered before
deciding how much faith to place in a ratio
and what the ratio really means.
Understand accounting assumptions and