L2H LECTURE 2 INTERNATIONAL TRADE THEORY
I.
NATION-ORIENTED TRADE THEORY Mercantilism Comparative Advantage Factor Endowment/Factor Proportion Theory of Trade Patterns Leontief Paradox
II. INDUSTRY-ORIENTED TRADE THEORY Product Life-Cycle Theory New Trade
Drexel University
LeBow College of Business
Managerial Accounting Foundations
ACCT 116-130 HYBRID
Spring Term 2012
INSTRUCTOR INFORMATION
Stacy Kline
LeBow College of Business
Drexel University
3600 Market Street, 7th Floor
Phone: 215-895-5866 (office)
Go
Rosalie S. Kreider, J.D. Office Hours: By Appointment and Wed: 11:30-12; 4 6 Fri: 11:30-12
Office: Matheson 503G Phone: 215-895-6974 Fax: 215-895-6975 Email:kreiders@drexel.edu
BLAW 201 BUSINESS LAW I TEXT Andersons Business Law, Twomey& Jennings. Compreh
Segment Reporting
Chapter 6
Learning Objective 4
Prepare a
segmented income
statement that
differentiates
traceable fixed costs
from common fixed
costs and use it to
make decisions.
Decentralization and Segment
Reporting
An Individual Store
Quick
Quick Ma
ACCT 331 Quiz 3
Name:_
Score:
/ 10 points
1. Multiple Choices.
Please put your final answers in this table. (1pt each, 10pts total)
1
2
3
4
5
6
7
8
9
10
B
D
C
A
D
B
D
B
A
C
1. Overapplied manufacturing overhead means that:
A. The applied manufacturing ove
Homework 2: Chapter 7, 8, &9
Due on May 12th, 2015, submit in class.
7-24. Predetermined Overhead Rates
Tappan, Inc., manufactures one product and accounts for costs using a job cost system. You have
obtained the following information from the corporation
Job-Order Costing
Chapter 3
3-2
Job-Order Costing: An Overview
Job-order costing systems are
used when:
1. Many different products are produced each
period.
2. Products are manufactured to order.
3. The unique nature of each order requires
tracing or allo
ACCT 116
Practice Final
Spring 2015
Instructor: Xin Dai
Name:_
Instructions
1.
Total points: 150
2.
There are 16 pages in total.
3.
You have 110 minutes to finish the exam.
4.
Please round all calculations to the nearest dollar. For ratios, please round t
ACCT 116
Practice Final
Spring 2015
Instructor: Xin Dai
Name:_
Instructions
1.
Total points: 150
2.
There are 16 pages in total.
3.
You have 110 minutes to finish the exam.
4.
Please round all calculations to the nearest dollar. For ratios, please round t
Predetermined Overhead Rates
and Overhead Analysis in a
Standard Costing System
Appendix 10A
10A-2
Learning Objective 4
(Appendix 10A)
Compute and interpret
the fixed overhead
budget and volume
variances.
10A-3
Fixed Overhead Budget Variance
Actual
Fixed
Chapter Ten
Standard Costing, Operational
Performance Measures, and
the Balanced Scorecard
Managing Costs
Standard
performance
level
Actual
performance
level
Comparison between
standard and actual
performance
level
Cost
variance
Standard Costs
Based on ca
Variable Costing and Segment
Reporting: Tools for Management
Chapter 6
Learning Objective 1
Explain how variable
costing differs from
absorption costing
and compute unit
product costs under
each method.
Overview of Variable and
Absorption Costing
Variable
Managerial Accounting and Cost
Concepts
Chapter 2
2-2
Learning Objective 1
Understand cost
classifications used for
assigning costs to cost
objects: direct costs and
indirect costs. and indirect
costs.
2-3
Assigning Costs to Cost Objects
Direct costs
Indi
Cost-Volume-Profit Relationships
Chapter 5
5-2
Key Assumptions of CVP Analysis
1. Selling price is constant.
2. Costs are linear and can be accurately
divided into variable (constant per unit) and
fixed (constant in total) elements.
3. In multiproduct com
Managerial Accounting
Johnny Lee, Ph.D.
Drexel University
LeBow College of Business
Accounting Department
1-2
Something about Johnny
Professional
Electric Technician
Programmer /Computer Instructor
Solider Sergeant
Entrepreneur
Truck Driver
Consult
Least-Squares Regression
Computations
Appendix 2A
2A-2
Learning Objective 8
Analyze a mixed cost
using a scattergraph plot
and the least-squares
regression method.
2A-3
The Data Set
Matrix, Inc. wants to
know its average
fixed cost and
variable cost per
m
Master Budgeting
Chapter 8
8-2
Learning Objective 1
Understand why
organizations budget
and the processes they
use to create budgets.
8-3
The Basic Framework of Budgeting
A budget is a detailed quantitative plan for
acquiring and using financial and other
Activity-Based Costing:
A Tool to Aid Decision Making
Chapter 7
7-2
ActivityBased Costing (ABC)
ABC is designed to
provide managers with
cost information for
strategic and other
decisions that
potentially affect
capacity, and therefore,
affect fixed
as we
CHAPTER 1
Managerial Accounting vs. Financial Accounting
- Managerial (more problem based)
+ Internal (budget, plan, compare)
+ NOT required
+ No GAAP
- Financial
+ Financial statement for external use also (investors, stockholders)
+ Required
+ GAAP
CHAP
Differential Analysis: The Key to
Decision Making
Chapter 12
12-2
Learning Objective 1
Identify relevant and
irrelevant costs and
benefits in a decision.
12-3
Relevant Costs and Benefits
A relevant cost is a cost that differs
between alternatives.
A relev