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##### ACG 3341 - Cost Accounting - FAU Study Resources
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###### Assignment_6%281%29[1]

School: FAU

Course: ACG 3341

Assignment 6 In 2010 Acme Construction Company won the contract to construct an office building at a contract price of \$1,200,000. The information relating to the costs and billings for this contract is shown below. 2010 Costs incurred to date * Estimated

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###### Chap002

School: FAU

Course: ACG 3341

2 Review of the Accounting Process PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA McGraw-Hill/Irwin Copyright 2011 by the McGraw-Hill Companies, Inc. All

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• ###### IFRS Solutions__Unit1to8
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###### IFRS Solutions__Unit1to8

School: FAU

Course: ACG 3341

Incorporating International Financial Reporting Standards (IFRS) into Intermediate Accounting SOLUTIONS MANUAL Revised June 30, 2009 Rebecca G. Fay John A. Brozovsky Jennifer E. Edmonds Patricia G. Lobingier Sam A. Hicks We express our appreciation to the

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###### Quiz Solutions 6-7-8

School: FAU

Course: Cost Accounting

QUIZ # 6 CHAPTER 11 QUIZ SOLUTIONS 1. c 2. b 3. a 4. d 5. b 6. a 7. c 8. d 9. c 10. b Quiz Question Calculations 3. DM DL Variable OH Fixed OH \$6 3 4 4 (\$10 40%) \$17 4. Cost to Make Direct materials \$4,000 Purchase of part Material handling 400 Direct lab

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###### Cost Acctg QUIZ 7

School: FAU

Course: Cost Accounting

Cost Accounting Quiz Quiz#7(CHAPTER15QUIZ) 1. The use of a dual-rate cost-allocation method recognizes a. the improvements in technology allowing for use of multiple cost pools. b. the need to use both budgeted and actual cost rates when allocating. c. th

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###### Cost Acctg QUIZ 8

School: FAU

Course: Cost Accounting

Cost Accounting Quiz Quiz#8(CHAPTER 16 QUIZ) The following data apply to questions 15. Brant Corporation manufactures two products out of a joint processScout and Andro. The joint (common) costs incurred are \$400,000 for a standard production run that gen

• 98 Pages
• ###### CostAcctingSolutionsCH7.doc
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###### CostAcctingSolutionsCH7.doc

School: FAU

Course: ACG 3341

http:/www.scribd.com/doc/54084129/Kotler-Chapter1 Cost Accounting, 13e (Horngren et al.) Chapter 7 Flexible Budgets, Direct-Cost Variances, and Management Control 49) The master budget is: A) a flexible budget B) a static budget C) developed at the end of

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School: FAU

Course: ACG 3341

Chapter 8: Identifying Market Segments and Targets GENERAL CONCEPT QUESTIONS Multiple Choice 1. In _ marketing, the seller engages in the mass production, mass distribution, and mass promotion of one product for all buyers. a. group b. mass c. general d.

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###### Ch02tif

School: FAU

Course: Cost Accounting

CHAPTER 2: AN INTRODUCTION TO COST TERMS AND PURPOSES TRUE/FALSE 1. Products, services, departments, and customers may be cost objects. Answer: 2. True Difficulty: 1 Objective: 1 Costs are accounted for in two basic stages: assignment followed by ac

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###### Ch08tif

School: FAU

Course: Cost Accounting

CHAPTER 8: FLEXIBLE BUDGETS, VARIANCES, AND MANAGEMENT CONTROL: II TRUE/FALSE 1. Overhead costs are a major part of costs for most companies more than 50% of all costs for some companies. Answer: 2. True Difficulty: 1 Objective: 1 At the start of t

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###### Ch01tif

School: FAU

Course: Cost Accounting

CHAPTER 1: THE ACCOUNTANTS ROLE IN THE ORGANIZATION TRUE/FALSE 1. Management accounting information focuses on external reporting. Answer: False Difficulty: 1 Objective: Management accounting information focuses on internal reporting. 2. 1 A good co

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###### Cost Acctg QUIZ 9

School: FAU

Course: Cost Accounting

Cost Accounting Quiz Quiz 9 (CHAPTER 5) 1. Production-cost cross-subsidization results from a. b. c. d. allocating indirect costs to multiple products. assigning traced costs to each product. assigning costs to different products using varied costing syst

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###### Ch07tif

School: FAU

Course: Cost Accounting

CHAPTER 7: FLEXIBLE BUDGETS, VARIANCES, AND MANAGEMENT CONTROL: I TRUE/FALSE 1. The master budget is one type of flexible budget. Answer: 2. False Difficulty: 1 Objective: 1 The master budget is a static budget. A flexible budget is calculated at th

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###### Ch11tif

School: FAU

Course: Cost Accounting

CHAPTER 11: DECISION MAKING AND RELEVANT INFORMATION TRUE/FALSE 1. A decision model is a formal method for making a choice, frequently involving both quantitative and qualitative analyses. Answer: 2. True Difficulty: 1 Objective: 1 Feedback from pre

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###### Ch13tif

School: FAU

Course: Cost Accounting

CHAPTER 13: STRATEGY, BALANCED SCORECARD, AND STRATEGY PROFITABILITY ANALYSIS TRUE/FALSE 1. Strategy describes how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its overall objectives. Answer: 2.

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###### Ch21tif

School: FAU

Course: Cost Accounting

CHAPTER 21: CAPITAL BUDGETING AND COST ANALYSIS TRUE/FALSE 1. Capital budgeting focuses on projects over their entire lives in order to consider all the cash flows or cash savings from investing in a single project. Answer: 2. True Difficulty: 2 Obje

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###### Ch22tif

School: FAU

Course: Cost Accounting

CHAPTER 22: MANAGEMENT CONTROL SYSTEMS, TRANSFER PRICING, AND MULTINATIONAL CONSIDERATIONS TRUE/FALSE 1. The goal of a management control system is to improve the collective decisions in an organization in an economically feasible way. Answer: 2. Tru

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###### Ch06tif

School: FAU

Course: Cost Accounting

CHAPTER 6: MASTER BUDGET AND RESPONSIBILITY ACCOUNTING TRUE/FALSE 1. Few businesses plan to fail, but many of those that flop have failed to plan. Answer: 2. True Difficulty: 1 Objective: 1 The master budget reflects the impact of operating decision

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###### Ch14tif

School: FAU

Course: Cost Accounting

CHAPTER 14: COST ALLOCATION, CUSTOMER-PROFITABILITY ANALYSIS, AND SALES-VARIANCE ANALYSIS TRUE/FALSE 1. Indirect costs are costs that cannot be traced to cost objects in an economically feasible way. Answer: 2. True Difficulty: 1 Objective: 1 To mot

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###### Ch10tif

School: FAU

Course: Cost Accounting

CHAPTER 10: DETERMINING HOW COSTS BEHAVE TRUE/FALSE 1. One assumption frequently made in cost behavior estimation is that changes in total costs can be explained by changes in the level of a single activity. Answer: 2. True Difficulty: 1 Objective: 1

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###### Ch09tif

School: FAU

Course: Cost Accounting

CHAPTER 9: INVENTORY COSTING AND CAPACITY ANALYSIS TRUE/FALSE 1. Absorption costing absorbs only variable manufacturing costs. Answer: False Difficulty: 1 Objective: 1 Absorption costing absorbs all manufacturing costs, both fixed and variable. 2. Va

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###### Ch12tif

School: FAU

Course: Cost Accounting

CHAPTER 12: PRICING DECISIONS AND COST MANAGEMENT TRUE/FALSE 1. Companies must always examine pricing decisions through the eyes of their customers. Answer: 2. True Difficulty: 2 Objective: 1 Relevant costs for pricing decisions include manufacturin

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###### Ch18tif

School: FAU

Course: Cost Accounting

CHAPTER 18: SPOILAGE, REWORKED UNITS, AND SCRAP TRUE/FALSE 1. Reducing defects helps to reduce costs, but does not make the business more competitive. Answer: False Difficulty: 2 Reducing defects does make the business more competitive. 2. Objective:

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###### Ch17tif

School: FAU

Course: Cost Accounting

CHAPTER 17: PROCESS COSTING SYSTEMS TRUE/FALSE 1. Examples of industries that would use process costing include the pharmaceutical and semiconductor industry. Answer: 2. True Difficulty: 1 Objective: 1 The principal difference between process costin

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###### Ch16tif

School: FAU

Course: Cost Accounting

CHAPTER 16: COST ALLOCATION: JOINT PRODUCTS AND BYPRODUCTS TRUE/FALSE 1. Joint costs are incurred beyond the splitoff point and are assignable to individual products. Answer: False Difficulty: 2 Joint costs are incurred prior to the splitoff. 2. Sepa

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• ###### Decision Making and Relevant Information
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###### Decision Making And Relevant Information

School: FAU

Course: Cost Accounting

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###### Intro To Cost Terms

School: FAU

Course: Cost Accounting

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• 6 Pages
• ###### Flexible Budgets and Overhead Cost Variances
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###### Flexible Budgets And Overhead Cost Variances

School: FAU

Course: Cost Accounting

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• 4 Pages
• ###### The Accountant's Role in the Organization
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###### The Accountant's Role In The Organization

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Course: Cost Accounting

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• 9 Pages
• ###### Master Budget and Responsibility Accounting
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###### Master Budget And Responsibility Accounting

School: FAU

Course: Cost Accounting

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###### Job Costing

School: FAU

Course: Cost Accounting

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• 7 Pages
• ###### Flexible Budgets and Direct Costs Variances
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###### Flexible Budgets And Direct Costs Variances

School: FAU

Course: Cost Accounting

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###### Activity Based Costing

School: FAU

Course: Cost Accounting

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• 2 Pages
• ###### Cost Accounting Formula Sheet for Final Exam
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###### Cost Accounting Formula Sheet For Final Exam

School: FAU

Course: Cost Accounting

Cost Accounting Formula Sheet Ch. 2: An Introduction to Cost Terms and Purposes Resources, BB + Resources obtained = Future use + Current use Beginning raw materials + Raw materials purchased = Ending raw materials + Raw materials used Beginning work-in-p

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###### Transfer Pricing

School: FAU

Course: Cost Accounting

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• ###### Cost Volume Profit Analysis Formulae
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###### Cost Volume Profit Analysis Formulae

School: FAU

Course: Cost Accounting

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• 9 Pages
• ###### Cost Volume Profit Analysis
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###### Cost Volume Profit Analysis

School: FAU

Course: Cost Accounting

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• 2 Pages
• ###### Cost Accounting Final Exam Assessment Guide
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###### Cost Accounting Final Exam Assessment Guide

School: FAU

Course: Cost Accounting

Cost Accounting 3341 Assessment Spring 2014 :I. Goal of assessment questions Studentswilldemonstrateknowledgeofbasicconceptsincostaccounting(costvolumeprofitanalysis, costbehaviorandrelationships,productcosting,andbudgetconcepts).Studentswillalsodemonstra

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###### 20140408_140459

School: FAU

Course: Cost Accounting

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###### Ch22IM11e

School: FAU

Course: Cost Accounting

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• 3 Pages
• ###### Khalil_Nancy_writingassignment
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###### Khalil_Nancy_writingassignment

School: FAU

Course: ACG 3341

To: Yun Cheng, Chief Financial Officer of Carter Hawley Hale Stores From: Nancy Khalil, Controller of Carter Hawley Hale Stores Subject: Recommendation for proper reporting of earth quake damage Date: September 21, 2011 Our company experienced a considera

• 2 Pages
###### Khalil_Nancy_Sources

School: FAU

Course: ACG 3341

NancyKhalil 1. Unusual or Extraordinary Items Occasionally, a company will encounter an item that is so extraordinary that it merits special display on the income statement. Under IAS 8, extraordinary items are: Income or expenses that arise from events o

• 7 Pages
###### Ch%206%20solutions[1]

School: FAU

Course: ACG 3341

CHAPTER 6 MASTER BUDGET AND RESPONSIBILITY ACCOUNTING 6-1 a. b. c. d. The budgeting cycle includes the following elements: Planning the performance of the company as a whole as well as planning the performance of its subunits. Management agrees on what is

• 2 Pages
###### Khalil_Nancy_6

School: FAU

Course: ACG 3341

Assignment 6 Answer Sheet Remember to type your name on both all pages you submit so I can identify your work when grading it. Save your file with your last name and first name. Using the percentage-of-completion method compute the following: 1-Percent co

• 4 Pages
• ###### Exercise_2_-_Solution[1]
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###### Exercise_2_-_Solution[1]

School: FAU

Course: ACG 3341

Long-term Construction Contracts Revenue Recognition % of Completion Method Handout Exercise 2 - Solution Your Co. has won the contract to build a parking garage on FAUs Davie Campus. The contract has a fixed price of \$6,000,000. During 2003, costs of \$1,

• 5 Pages
• ###### Exercise_1_-_Solution[1]
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###### Exercise_1_-_Solution[1]

School: FAU

Course: ACG 3341

Long-term Construction Contracts Revenue Recognition % of Completion and Completed Contract Methods Exercise 1 - Solution Your Co. has won the contract to build a parking garage on FAUs Davie Campus. The contract has a fixed price of \$6,000,000. You begin

• 13 Pages
###### Ch5IntermedTheory

School: FAU

Course: ACG 3341

Chapter 05 - Income Measurement and Profitability Analysis Chapter5Income Measurement and Profitability Analysis EXERCISES Exercise 5-10 Requirement 1 (\$ in millions) Contract price Actual costs to date Estimated costs to complete Total estimated costs Es

• 13 Pages
###### Ch5costacct

School: FAU

Course: ACG 3341

CHAPTER 5 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT 5-1 Broad averaging (or peanut-butter costing) describes a costing approach that uses broad averages for assigning (or spreading, as in spreading peanut butter) the cost of resources uniformly

• 10 Pages
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School: FAU

Course: ACG 3341

ACG 3341 Sample Exam Solutions 1) Managers use management accounting information to _ strategy. A) choose B) communicate C) implement D) All of these answers are correct. 2) Which of the following descriptors refers to management accounting information? A

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###### Ch2costacct

School: FAU

Course: ACG 3341

CHAPTER 2 AN INTRODUCTION TO COST TERMS AND PURPOSES 2-1 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 department. 2-2 Dir

• 5 Pages
###### Ch1costacct

School: FAU

Course: ACG 3341

CHAPTER 1 THE MANAGER AND MANAGEMENT ACCOUNTING See the front matter of this Solutions Manual for suggestions regarding your choices of assignment material for each chapter. 1-1 Management accounting measures, analyzes and reports financial and nonfinanci

• 6 Pages
###### Exam%201%20Practice[1]

School: FAU

Course: ACG 3341

ACG 3341 Sample Exam 1) Managers use management accounting information to _ strategy. A) choose B) communicate C) implement D) All of these answers are correct. 2) Which of the following descriptors refers to management accounting information? A) It is ve

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