CH 4 ABC SYSTEM A MODERN REFINEMENT OF JOB COSTING
OMIT: Objective 1 Develop and use departmental overhead rates to allocate indirect
Why and How do Companies Refine Their Cost Allocation Systems?
SAMLPE QUIZ - CHAPTER 4
Three friends decide to purchase a plane together. In doing so, they agree to equally share the
costs of storing the plane at the airport. This cost sharing plan is an example of:
CHAPTER 9 SAMPLE QUIZ
Which of the following is NOT one of the benefits of budgeting?
Budgets eliminate waste in an organization.
Budgets force managers to plan.
Budgets force managers to consider relations among operations across the entire v
SOLUTIONS and CHECK FIGURES CHAPTER 11 (NEW EDITION)
Note: Because the solution manual is not yet available for the new book, I had to prepare
these myself. Rather than typing up all of my steps, I might only provide check figures if
the solution is strai
(10 min.) E 1-16
To account for uncertainty in the amounts of future costs and benefits, we compute the expected value by
multiplying the probability of each outcome by the dollar value of that outcome.
To make a cost-benefit decision today, we must
CHAPTER 12 SAMPLE QUIZ
Which of the following is correct?
Capital budgeting methods produce the same decision and their use is based on the
The internal rate of return method does not consider the time value of money.
Acct101 T3 Set B Solution Key with deductions noted in brackets: [ ]. 1) 10%. WasteKing wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven to each area. It wants to separate the fixed and variable p
CHAPTER 10 SAMPLE QUIZ
Which of the following is the difference between a flexible budget and a static budget?
The static budget considers all costs and a flexible budget considers only variable costs.
The static budget is prepared at the beginni
CHAPTER 11 SAMPLE QUIZ
Management by exception would dictate that the manager investigate which of the following
A. Variances which are greater than a certain dollar amount or percentage.
B. Variances which are less than a certain dollar amo
CHAPTER ONE SLIDES OUTLINE
Objective 1= Identify managers three primary responsibilities
Setting goals and objectives and how to achieve them
Examples of planning
Generate more sales via opening new stores
Acct101 T3 Set A Solution Key with Penalties in brackets: [ ]. SFSU ID#_ 1) 10%. John's Frozen Treats is a snow cone stand near the local park. To plan for the future, John wants to determine his cost behavior patterns. He has the following informati
(5-10 min.) S 6-1
Cost A is a variable cost. The cost is constant on a per unit basis and increases in total as volume increases.
Cost B is a fixed cost. The cost is constant in total, and decreases on a per unit basis as volume increases.
Cost C is mixed
CHAPTER 8 QUIZ
The most relevant costs are:
estimated future costs.
costs already incurred.
Which is NOT one of the differences between relevant and irrelevant costs?
Relevant costs do not differ under di
S1 Managers 3 primary responsibilities
a. Management conducts variance analysis by comparing budget to actual: Controlling
b. Management uses information on product costs to determine sales prices: Directing
c. Management decides to increase sal
CHAPTER 7 SAMPLE QUIZ
Which of the following is NOT an assumption of Cost-Volume-Profit analysis?
Inventory levels will not change.
Managers can classify each cost as either variable or fixed, and mixed costs can be
broken down into their variabl
SAMPLE QUIZ - CHAPTER 6
Costs that do not increase as the volume of production increases are:
When graphing total fixed costs, using a horizontal axis representing units of production
Sample Quiz Chapter 2 ACCT 101
Raw materials, work in process and finished goods are the three types of inventory held
by which of the following types of companies?
D. Service companies
Which of the follo
(15 min.) E 10-15
This Year Actual
Last Year Actual
Sales revenue (8,000 $200;
Variable expenses (0.80 sales)
CHAPTER 12 PERFORMANCE EVALUATION
Decentralized organizations split operations into different divisions or operating units. May be split by:
Brands or product lines
There are several advanta
INTRODUCTION TO MANAGEMENT ACCOUNTING By Jay Kang, San Francisco State University, USA.
MANAGERIAL ACCOUNTING HELPS MANAGERS FULFILL THEIR PRIMARY RESPONSIBILITIES: Planning
MANAGERIAL ACCOUNTING provides INFORMATION TO INTERNAL USERS; th
(15-20 min) E4-20A
Total professional hours
Current operating overhead allocation
Based on current allocation system
Professional time (24 hours $62
JOBS COSTING Lecture outline 2015, 2014 J. Kang, SFSU
JOB-ORDER costing systems are generally used by companies that produce
individual products or batches of UNIQUE products. Companies that use joborder costing systems include custom home builders, airpl
Ch 3 JOB COSTING Slides Outline
Objective 1= Distinguish between JOB COSTING and process costing
Process Costing- is used by companies that produce extremely large numbers of
identical units through a series of uniform production steps or processes.
CH 2 SLIDES OUTLINE
Objective 1 = Three types of companies
Service Companies Provide a service only.
In a business to sell intangible services rather than tangible products.
Cost Center: The manager of a cost center has control over costs, but not over revenue
or the use of investment funds.
Profit Center: The manager of a profit center has control over both costs and revenue,
but not over the use of investment