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

  • 13 Pages IFRS Solutions__Unit1to8
    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

  • 5 Pages Quiz Solutions 6-7-8
    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

  • 2 Pages Cost Acctg QUIZ 7
    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

  • 4 Pages Cost Acctg QUIZ 8
    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
    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

  • 15 Pages MarketingCh3Answers
    MarketingCh3Answers

    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.

  • 39 Pages ch02tif
    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

  • 25 Pages ch01tif
    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

  • 37 Pages ch08tif
    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

  • 3 Pages Cost Acctg QUIZ 9
    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

  • 39 Pages ch07tif
    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

  • 35 Pages ch13tif
    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.

  • 49 Pages ch11tif
    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

  • 31 Pages ch22tif
    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

  • 30 Pages ch21tif
    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

  • 45 Pages ch06tif
    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

  • 39 Pages ch14tif
    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

  • 35 Pages ch10tif
    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

  • 47 Pages ch09tif
    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

  • 44 Pages ch12tif
    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

  • 31 Pages ch18tif
    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:

  • 38 Pages ch17tif
    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

  • 33 Pages ch16tif
    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

  • 1 Page 20140408_142934
    20140408_142934

    School: FAU

    Course: Cost Accounting

  • 1 Page 20140408_142921
    20140408_142921

    School: FAU

    Course: Cost Accounting

  • 1 Page 20140408_142940
    20140408_142940

    School: FAU

    Course: Cost Accounting

  • 1 Page 20140408_142926
    20140408_142926

    School: FAU

    Course: Cost Accounting

  • 1 Page 20140408_143135
    20140408_143135

    School: FAU

    Course: Cost Accounting

  • 1 Page 20140408_142957
    20140408_142957

    School: FAU

    Course: Cost Accounting

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