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ACCT 552 - Keller Graduate School Of Management Study Resources
  • 1 Page week1_assignment_ACCT552
    week1_assignment_ACCT552

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    Plan A $125.00 $100.00 $80.00 $60.00 $40.00 $20.00 $- 1250 1000 800 600 400 200 0 Plan B Plan C $75.00 $55.00 $39.00 $23.00 $- $37.50 $- $15/mo . 500 texts + .08 per $25/mo .1000texts + .05 0.10 additional texts per additional texts $ 140.00 $ 120.00 $ 10

  • 1 Page Week 1 Homework Answers
    Week 1 Homework Answers

    School: Keller Graduate School Of Management

    Texts/Month Plan A Plan B Plan C 0 $15.00 $25.00 50 $5.00 $15.00 $25.00 100 $10.00 $15.00 $25.00 240 $24.00 $15.00 $25.00 250 $25.00 $15.00 $25.00 300 $30.00 $15.00 $25.00 500 $50.00 $15.00 $25.00 780 $78.00 $37.40 $25.00 1,000 $100.00 $55.00 $25.00 $ 140

  • 3 Pages W4_Practice Quiz
    W4_Practice Quiz

    School: Keller Graduate School Of Management

    Week 4 Practice Quiz 1. Budgeting is the common accounting tool companies use for planning and controlling. Budgets a. provide a measure of planned financial results. b. focus managers energies on exploiting opportunities. c. help managers anticipate pote

  • 1 Page Week 2 Homework Answers_AC552
    Week 2 Homework Answers_AC552

    School: Keller Graduate School Of Management

    SOLUTION - WEEK 2 HOMEWORK a. Sales ($72/unit X 540,000 units) Variable Costs ($54/unit X 540,000 units) Contribution Margin Contribution Margin from above Fixed Costs Operating Income $38,880,000 $29,160,000 $9,720,000 This is the minimum acceptable. The

  • 2 Pages CHAPTER 10
    CHAPTER 10

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 10: STANDARD COSTS AND VARIANCES LO1: Compute the direct materials quantity and price variances and explain their significance. Materials quantity variance = (AQ SQ) x SP AQ: actual quantity used. SQ: standard quantity allowed for actual output. S

  • 6 Pages CHAPTER 6
    CHAPTER 6

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 6: VARIABLE COSTING AND SEGMENT REPORTING LO1: Explain difference variable costing & absorption costing. Compute unit product costs under each method. Pay very close attention to the two different ways that variable costing and absorption costing

  • 25 Pages costacctg13_sm_ch12
    costacctg13_sm_ch12

    School: Keller Graduate School Of Management

    CHAPTER12 PRICINGDECISIONSANDCOSTMANAGEMENT 121 Thethreemajor influencesonpricingdecisio nsare 1. Customers 2. Compet itors 3. Costs 122 Not necessarily. For aonetimeonly special order,therelevant costs areonly thosecosts that will change as a result of a

  • 5 Pages CHAPTER 8
    CHAPTER 8

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 8: PROFIT PLANNING LO2: Prepare a sales budget, including a schedule of expected cash collections. Ex: 70% of sales are collected in the quarter in which the sale is made and the remaining 30% are collected in the following quarter. LO3: Prepare a

  • 8 Pages CHAPTER 7
    CHAPTER 7

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 7: ACTIVITY BASED COSTING Activity-based costing differs from traditional cost accounting in three ways. In activity-based costing: 1. Nonmanufacturing as well as manufacturing costs may be assigned to products, but only on a cause-and- effect. 2.

  • 9 Pages CHAPTER 12
    CHAPTER 12

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 12: DIFFERENTIAL ANALYSIS: THE KEY TO DECISION MAKING LO1: Identify relevant and irrelevant costs and benefits in a decision. Costs that differ between alternatives are called relevant costs. Benefits that differ between alternatives are relevant

  • 6 Pages CHAPTER 5
    CHAPTER 5

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 5: COST VOLUME PROFIT RELATIONSHIPS Cost-volume-profit (CVP) analysis is a powerful tool that helps managers understand the relationships among cost, volume, and profit. CVP analysis focuses on how profits are affected by the following five factor

  • 1 Page CHAPTER 11
    CHAPTER 11

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 11: PERFORMANCE MEASUREMENT IN DECENTRALIZED ORGANIZATIONS LO1: Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect ROI. ROI = net operating income (EBIT) / average operating assets (cash, AR, inventory, P

  • 5 Pages CHAPTER 4
    CHAPTER 4

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 4: PROCESS COSTING Process costing is used most commonly in industries that convert raw materials into homogeneous (i.e., uniform) products, such as bricks, soda, or paper, on a continuous basis. Examples of companies that would use process costin

  • 6 Pages CHAPTER 3
    CHAPTER 3

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 3: JOB ORDER COSTING Job-order costing is also used extensively in service industries. For example, hospitals, law firms, movie studios, accounting firms, advertising agencies, and repair shops all use a variation of job-order costing to accumulat

  • 1 Page CHAPTER 2
    CHAPTER 2

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 2: MANEGERIAL ACCOUNTING AND COST CONCEPTS LO 1 LO 8: my notebook LO 9: 4 types of quality costs 1/ Prevention costs support activities whose purpose is to reduce the number of defects. Quality circles consist of small groups of employees that mee

  • 1 Page ACCT552_Week_4_Homework_Answers Revised
    ACCT552_Week_4_Homework_Answers Revised

    School: Keller Graduate School Of Management

    Martin & Sons White six-panel doors Unfinished six-panel doors 2011 Volume 4,600 2,400 At 2011 Selling Prices $130 $100 Expected 2012 Expected Change in 2012 Volume Volume -10% 4,140 15% 2,760 Martin & Sons Sales Budget For the Year Ended December 31, 201

  • 2 Pages Week 3 Homework Answers_AC552
    Week 3 Homework Answers_AC552

    School: Keller Graduate School Of Management

    Flow of Production Work in process, beginning (given) Started during the current period (given) To account for Completed and transferred out during current period (given) Work in process, ending (given) 4,500* 100%; 4,500 * 70% Accounted for Equivalent un

  • 2 Pages ACCT552_cvp_exercise
    ACCT552_cvp_exercise

    School: Keller Graduate School Of Management

    COST-VOLUME-PROFIT ANALYSIS PROBLEM H.M.Alger has just become product manager for Brand K. Brand K is a consumer product with a retail price of $1.00. Retail margins on the product are 23%, while wholesalers have a 10% markup. Variable manufacturing costs

  • 14 Pages CHAPTER 13
    CHAPTER 13

    School: Keller Graduate School Of Management

    Course: Cost Accounting

    CHAPTER 13: CAPITAL BUDGETING DECISIONS LO1: Evaluate the acceptability of an investment project using the net present value method. Exhibit 13 1: NPV analysis of proposed project According to the analysis, Harper Company should purchase the new machine.

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