2016 17 Semester 2
ACCT 2121
Homework Question Docket
2-33 Cost of goods manufactured. income statement, manufacturing company. Consider the following
- *r-account balancesolin thousands) for the Shaler Corporation:
Beginning of End of
Shaler Corporatio
Determining
How Costs Behave
Overview
This chapter focuses on how managers can understand
cost behavior through cost functions.
We will also focus on the way managers estimate cost
functions.
Cost function ? - a mathematical representation of
how a cos
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
CHAPTER 2 QUIZ
1. Tanner Co. management desires cost information regarding their Rawhide brand. The Rawhide brand
is a(n)
a.
b.
c.
d.
cost object.
cost driver.
cost assignment.
actual cost.
2. The cost of replacement light bulbs on campus would be a direc
Cost-Volume-Profit Analysis
Chapter 3
Costvolumeprofit(CVP)Analysis
A tool and technique that helps managers understand the
tool
relationships among cost, volume, and profit.
relationships
CVP analysis is often used to answer the following important
CVP
Master Budgeting
and
Responsibility Accounting
The Basic Framework of Budget
A budget is a detailed quantitative expression of a proposed plan
(acquiring and using financial and other resources) over a specified time
period.
The act of preparing a budget
Inventory Costing
and
Capacity Analysis
Inventory Costing Choices:
The inventory-costing choice determines which manufacturing costs are treated as
inventoriable costs.
The two most common methods of costing inventories are 1) variable costing and
2) abso
Flexible Budgets,
Overhead Cost Variances,
and
Management Control
Introduction
In Chapter 7, we have learned flexible budgets and variance analysis for DM and DL.
In this chapter, we now focus on flexible budgets and variance analysis for variable and
fix
Activity-Based Costing
and
Activity-Based Management
1
Traditional
(or Simple)
Costing System
To understand the need for ABC, lets start from the weaknesses of traditional costing system.
Traditional (or simple) costing system:
Directly traces DM and DL
Flexible Budgets, Direct-cost
Variances, and Management
Control
Chapter 7
The Use of Variances
In Chapter 6, we have learned how budgets help managers with their planning
function.
We now learn how budgets, especially flexible budgets, are used to compute
Decision Making
and
Relevant Information
Five-Step Decision-Making Process
A decision model is a formal method of making a choice, often involving both
quantitative and qualitative analyses.
Managers often use some variation of the Five-Step Decision-Ma
CHAPTER 4
JOB COSTING
4-1
Cost poola grouping of individual indirect cost items.
Cost tracingthe assigning of direct costs to the chosen cost object.
Cost allocationthe assigning of indirect costs to the chosen cost object.
Cost-allocation basea factor th
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
Systems Design:
Job-Order Costing
Chapter 4
Job-order Costing vs. Process Costing
Job-Order Costing (Ch4)
1. Wide variety of distinct
products. Each product
Process Costing (Ch17)
1.
consumes different resources.
Homogeneous products
Mass production of si
10-33 Homework
1. Both number of units inspected and inspection labor-hours are plausible cost drivers for
inspection costs. The number of units inspected is likely related to test-kit usage, which is a
significant component of inspection costs. Inspectio
Given an identity x 3 y 3 ( x y )( x 2 xy y 2 ) . If (sin cos ) 2 a , express
sin 3 cos 3 in terms of a.
#
(sin cos ) 2 a
sin 2 2 sin cos cos 2 a
1 2 sin cos a
2 sin cos a 1
a 1
sin cos
2
3
3
sin cos
(sin cos )(sin 2 sin cos cos 2 )
a (1 sin cos )
a 1
Use directed numbers to represent the changes in values as described by the underlined
phrases.
(a) In a Mathematics competition, 100 marks are awarded for each correct answer and
50 marks are deducted for each wrong answer.
(b)
Mr Wong gained 2 kg weight
(a)
Find the value of the expression
99 99 1 99 2
99 97
100 100 1 100 2
100 97
(b) It is given that
99 98
.
100 98
99 ( 2n 1) 99 2n
1
99 99 1 99 2
, wh
4
100 100 1 100 2
100 (2n 1) 100 2n
ere n is a positive integer. F
Observe the following numbers:
3, 1.5, 0, +76, 7
(a)
(b)
(c)
1
2
Write down all the positive numbers.
Write down all the negative numbers.
Which one is not a directed number?
#
(a) 1.5, + 76
(b) 3, 7
1
2
(c) 0
Suppose that +2 m means walking 2 m to the ea
In each of the following, use a directed number to represent the underlined phrase.
(a) The water temperature is 2 C below 0 C.
(b) The cost price is increased by $20.
#
(a) 2 C
(b) +$20
=
In each of the following, use a directed number to represent the u
Find the value of 4 sin 30 2 without using a calculator.
#
1
4 sin 30 2 4 2
2
2 2
0
=
Find the value of tan 60 2 cos 30 without using a calculator.
(Leave your answer in surd form.)
#
tan 60 2 cos 30
3 2
3
3
2
3
2 3
=
Find the value of cos 60 sin 30 tan
Find the values of the following expressions.
(a) (sin 22)2 + (cos 22)2
(b) tan 76 tan 14
#
(a) (sin 22)2 + (cos 22)2 = 1
(b) tan 76 tan 14 = 1
=
Find the values of the following expressions.
(a)
sin 18.3
tan 18.3
cos 18.3
(b) sin 51.1 cos 38.9
#
(a)
sin
Find the values of the following expressions without using a calculator.
(a) sin 45cos 45 + tan 30tan 60
(b)
3 tan 45 4 sin 30
cos 2 30
(c)
2 sin2 45 tan 60cos 30
=
Find the acute angle in each of the following equations without using a calculator.
(a) co
Find the values of the following expressions without using a calculator.
1
2 sin 30 (cos 60 sin 2 45 )
tan 45
(a)
(b)
tan 60 2 tan 45 1
tan 45
4 sin 30
1 tan 60
#
1
2 sin 30 (cos 60 sin 2 45 )
tan 45
(a)
2
1 1 1
1
2
2 2 2
1
1 1
2
2 2
2 1
2
(
An Introduction to Cost Terms and Purposes
Costa sacrificed or forgone resource
to achieve a specific objective.
Cost objectanything for which a cost
measurement is desired (e.g., product,
service).
2
Budgeted costa predicted cost.
Actual costa cost that
Job Costing
4-1
A furniture manufacturing company
received an order from a customer to make
10 tables.
This is a job and the factory assigned this
order a job number 2121.
Lets analyze the cost of this job 2121 and
the cost of each table.
4-2
4-3
4-4
4-4
EQUIVALENT UNITS OF PRODUCTION
Physical Units
Raw Materials Costs
Conversion Costs
Percent Done Equivalent Units
Percent Done Equivalent Units
Beg. work-in-process
2
0%
0
40%
0.8
Started and completed
6
100%
6
100%
6.0
End. work-in-process
3
100%
3
30%
0.
Course Code N
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11-33 Opportunity costs and relevant costs
1. If Wu cancels the two prom contracts, the opportunity cost of accepting the Worthington job
would be $886.40, as follows:
Lost revenue (2 $250) + (12 hrs. $80)
$1,460.00
Less variable costs
Driver wages and be
2-33 acct homework - Cost of goods manufactured, income statement, manufacturing
company.
Shaler Corporation
Schedule of Cost of Goods Manufactured
Year Ended December 31, 2014
(in thousands)
Direct materials costs
Beginning inventory, January 1, 2014
$13
UGFN1000
In Dialogue with Nature
Term Paper Guidelines
1
Topic 1
James D. Watson said, Life was just a matter of physics and
chemistry, albeit exquisitely organized physics and chemistry.
Do you agree with the implication of this claim that, in
principle,
Operations Management
Review Session for Exam II
The Test
Time: April 10, 9:30-12:00
Location: Regular classroom, WMY 508
The final exam is not comprehensive. It covers the materials after the
midterm
Problem types
Multiple Choice
Problem Solving
C