Chapter 1 Exercises, Problems & Solutions
(15 min.) Value chain and classification of costs, fast-food restaurant.
Burger King, a hamburger fast food restaurant, incurs the following costs:
a. Cost of oil for the deep fryer
b. Wages of the counter he
THE MANAGER AND MANAGEMENT ACCOUNTING
Management accounting measures, analyzes, and reports financial and nonfinancial
information that helps managers make decisions to fulfill the goals of an organization. It focuses
on internal reporting a
CHAPTER 1 PRACTICE QUIZ
Why do most companies adhere to GAAP for their basic internal financial statements?
GAAP is required by law for publicly held companies.
To use GAAP and another system of reporting would be too costly for most companies.
Chapter 2 Class Exercises
Flow of Inventoriable Costs.
Renkas Heaters selected data for October 2014 are presented here (in millions):
Direct materials inventory 10/1/2014
Direct materials purchased
Direct materials used
Total manufacturing overhead
AN INTRODUCTION TO COST TERMS AND PURPOSES
A cost object is anything for which a separate measurement of costs is desired. Examples
include a product, a service, a project, a customer, a brand category, an activity, and a
Classification of costs, manufacturing sector.
Cost object: Type of car assembled (Teana or Murano)
Cost variability: With respect to changes in the number of Teanas assembled
There may be some debate over classifications o
CHAPTER 2 PRACTICE QUIZ
1. Galway Co. management desires cost information regarding its Celtic brand. The Celtic brand is a(n)
2. The cost of printer paper on a college campus w
1. Motivation processes that account for an individuals intensity, direction, and
persistence of effort toward attaining a goal.
Main components of motivation
a. intensity - how hard a person tries, high intensity doesnt = better job performance
PARTI(20points,1/2hour)Briefly define (in your own words) eachof
the following concepts. Feel free to use examples.
Afrofuturism - Afrofuturism is the combination of African-American culture and
history in the element of science fiction. This theme can be
PAGE 1 OF 2
ENGLISH 2010 (Summer 2015)
Please spend no more than three hours completing this test.
Midterms should be returned to me via D2Ls Dropbox.
Midterms are due by the start of class on Monday, July 20 (5:30 PM).
To: Professor Gary Adams
From: Alli Borisek
Re: Motivation at Customers Connect
1. Adams Equity Theory best explains why theres low motivation among the staff.
2. The Equity Theory applies here mainly because of how the supervisors are
September 16, 2015
Dear Professor Dole:
Subject: Activity 2.2 Soft Skills: Personal Strengths Inventory
In each of the four soft skill categories are lists of items that identify my own soft skills.
Thinking and problem solving
Adaptable to new situation
As I was previously part of the group of people who had never seen Avatar, I was
unsure of what to truly expect. I felt afterwards that a lot had been thrown at me, but in a
thought provoking way I wasnt expecting. One theme in particular that stood out t
October 7, 2015
Dear Professor Dole:
Subject: Activity 6.13 Document for Analysis: Poor Response to Customer Inquiry
1. Sentences are too long and complex with fillers, empty words and flabby expressions.
a. As per your request, first and fore
Asencio, Borisek, and Mantel 1
ACCO 4020 Case Analysis: Troubled Debt Restructuring
2. The creditor measures a gain or loss based on whether the fair value of the settlement is
greater/less than the note receivable (asset). The debtor measures a gain/loss