MANAGERIAL ACCOUNTING IN THE INFORMATION
1. Explain the primary goal of managerial accounting and distinguish
between financial and managerial accounting.
2. Define cost terms used in planning, control, and decision makin
COST ALLOCATION AND ACTIVITY-BASED COSTING
Explain why indirect costs are allocated, describe the cost allocation
process, and discuss allocation of service department costs.
Identify potential problems with cost alloca
Identify common cost behavior patterns, and estimate the relation
between cost and activity using accounting analysis and the high-low
Perform cost-volume-profit analysis for single a
CHAPTER 7: PROFIT PLANNING
I. Budgeting Basics
A budget is a detailed quantitative plan for
acquiring and using financial and other
resources over a specified time period.
The budget is developed within the framework
of a sales forecast t
ASSIGNMENT (10 Points)
The Winona plant of Minnehaha Electronic Company manufactures two products:
CD107 and CD635. The company has established the following three cost pools for its
manufacturing support costs:
MINNEHAHA ELECTRONIC COMPANY