Financial Accounting Review
Financial accounting is primarily concerned with distributing information to investors and creditors
users outside of the company. It is a presentation of historical data. There are 3 primary financial
1. Balance S
Steve Jobs, Steve Wozniak and Ronald Wayne established Apple on April 1, 1976 in
order to sell the Apple 1 Computer Kit that was hand built by Steve Wozniak. The Apple
1 was sold as a motherboard (with CPU, RAM and basic textual
Job Order Costing was the subject of Chapter 4. In Job Order Costing, all manufacturing costs (direct materials, direct labor and manufacturing
overhead) are absorbed into the job or product. The MOH costs are charged to the product based on a Predetermin
1. Number of units manufactured.
Standard labor time per unit
(6 minutes 60 minutes per hour).
Total standard hours of labor time allowed.
Standard direct labor rate per hour.
Total standard direct labor cost.
Chapter 9 Lecture Notes Preparing the Master Budget
Prepare a Sales Budget
Royal Company is preparing budgets for the quarter ending June 30th.
Budgeted sales for the next five months are:
Chapter 8 Capital Budgeting Decisions
The term capital budgeting is used to describe how managers plan significant cash disbursements on
long-term projects such as the purchase of new equipment and the introduction of new products.
Typical capital budgeti
Classifications of manufacturing costs
Direct materials Raw materials that become an integral part of the finished product and
whose costs can be conveniently traced to it.
Direct labor Labor costs that can be easily traced to indi
How do changes in activity level affect Contribution Margin and Net Operating Income?
The contribution income statement is helpful to managers in judging the impact on profits of changes in
selling price, cost, or volume. The contribution margin is define
Summary of Equations for Chapter 3
1. CM Ratio = Total CM / Total Sales
2. CM Ratio = Unit CM / Unit Selling Price
3. Expected increase in CM = Dollar Increase in Sales * CM Ratio
4. Profit = Expected Sales * CM Ratio Fixed Expenses
5. Variable Expense Ra
Extra Credit Write Up 3
The International Business Society at UGA is a business society aimed at
discussing the intricacies of international business whether it be the importance of
making connections, the experienc
Walker Loucks, Lauren McDonald, James Kauffman
Tuesday 2:30 MARS 1010 L
September 18 2012
Voyage Brochure Group Evaluation
The group did its best to evenly divide up the work before meeting to finally put
the brochure together. Walker took
September 18 2012
September 19 2012
September 20 2012
September 21 2012
September 22 2012
September 23 2012
September 24 2012
September 25 2012
Low Tide Height (Feet Relative to MLLW)
Low Tide Time
High Tide Heig
Describe the disease, including:
Its prevalence, including whether the disease is more frequent in certain individuals (e.g.,
women, people with a particular HLA variant look back at the information from Oct 12 if
you dont remember what HLAs are),
Explain and give examples of the goals and motivations of
members of congress. Are these goals and motivations
compatible with the collective interest of congress? Explain
why members of congress continue to win reelection in
overwhelming numbers in spite