Chapter 2 Basic Cost Management
Explain what is meant by the word cost
A cost is the measure of resources given up to achieve a particular purpose
The Process of Management
involves formulating strategy
Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Environment
Define managerial accounting and describe its role in the management process.
Managerial accounting is an integral part of the management process
Activity (x) Utility Cost (y)
ALHAMBRA ALUMINUM COMPANY
SCHEDULE OF COST OF GOODS MANUFACTURED
FOR THE YEAR ENDED DECEMBER 31, 20X1
Raw-material inventory, January 1.
Add: Purchases of raw material.
Raw material available for use.
The Forecasting Model spreadsheet consists of 2 example models.
Please choose the correct tab at the bottom of the Excel Spreadsheet for the scenario you are usin
1) Latin America Example Forecast Model (Brazil - for use with the Latin America Scenario on