2 Scope, practice, and application * 3 Differences between financial accountancy and management accounting * 4 Traditional vs. innovative practices * 5 Role within a corporation * 6 Specific methodologies * 6.1 Activity-based costing (ABC) * 6.2 Grenzplankostenrechnung (GPK) * 6.3 Lean accounting (accounting for lean enterprise) * 6.4 Resource consumption accounting (RCA) * 6.5 Throughput accounting * 6.6 Transfer pricing * 7 Resources and
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AC 315 Cost Accounting Name___________________________________ Mid‐term Exam‐ Chapters 4, 5, 6, 7, 17 & 18 MULTIPLE CHOICE. ( 2 Points Each ) Select the ONE, BEST Answer. 1) A job-cost sheet details the: 1) _______ A) irect materials purchased and paid d B) irect labor costs incurred d C) ndirect labor costs incurred i D) ctual indirect overhead costs incurred a 2) The flexible budget contains: 2) _______ A) udgeted amounts for actual output b B)
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allocation system we are using right now, it is clear that there is an unfair distribution of product costs from this new project that is discouraging the company’s cost of Paper Hats to competitors and customers. By examining three different cost systems however, Paper Products Factory will be able to distribute costs more efficiently between departments and will be able to sell each paper product at a reasonable selling price against competitors. Unit Costing The current cost system Paper Product
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minimum, include any barriers to entry, industry maturity, the specific market and production complexity for each product, and marketing concerns. Wilkerson is a manufacturing company specializing in manufacturing components for water purification systems; the company makes valves, pumps, and flow controllers. Wilkerson is a supplier to companies that actually manufacture the water purification equipment. The relevant officers of the organization are: * Robert Parker, President * Peggy Knight
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SEC files a fraud case against Goldman Sachs, an industry leader, is now being investigated for unfair investing scandal. Goldman Sach’s Case # 5 AC805 Advanced Management Accounting Control Systems Goldman Sach’s Case # 5 AC805 Advanced Management Accounting Control Systems The Goldman Sachs fraud case opened by the Securities and Exchange is one of the items that were highlighted by the down turn of the economy in the last few years. Goldman Sachs has vigorously denied
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management is considering Activity-based Costing (ABC) to absorb its increasing Research & Development (R&D) costs that have been spiraling uncontrollably. Ideal R&D Department has only provided in-house services to its manufacturing departments, but Ideal management is considering outside R&D support to other manufacturing firms that have requested support to help with the R&D costs. To accomplish this goal, with an activity based costing (ABC) system, which is a two-step process, first
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Lehigh Steel 1. For each of the five sample products, compute the profitability per pound under the ABC system at Lehigh. Rate of Expense per activity in the manufacturing process (From Exhibit 6): Activity | Driver | Driver Volume | Amount | Rate | Combined rate | Melting: Depreciation | Melt Machine minutes | 5,145,632 | $ 2,139,865.00 | 0.416 | | Melting: Maintenance | Melt Machine minutes | 5,145,632 | $ 975,130.00 | 0.190 | 1.001 | Melting: Utilities | Melt
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Paperboard differs by basis weight for a specified length of product. Additionally, paperboard may be uncoated or coated with an opaque, white clay-based material that masks cosmetic flaws and smooths surface variability How does the current system capture manufacturing costs and assign them to products? (Prove the overhead rate is 105% of material cost.) Product costs at Forest Hill were calculated by multiplying the overhead rate by material costs. Calculate the volume-based (traditional)
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1. Question : (TCO A) Managerial accounting provides all of the following EXCEPT _____. Student Answer: future-oriented information a balance sheet prepared in accordance with GAAP internal reports that don't follow GAAP financial and nonfinancial reports on departments Instructor Explanation: Chapter 1, page 4 Points Received: 6 of 6 Comments: 2. Question : (TCO A) Borders Books is an example of a Student Answer: manufacturing-sector
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penyediaan value tersebut.misalnya yaitu Manajer Keuangan disetiap UKM mengupayakan activity-based costing (ABC) sehingga dapat meningkatkan efisiensi, memastikan bahwa suatu UKM (Unit Satuan Kerja) akan menemukan tujuan efisiensinya dengan hanya mengukur biaya-biayanya dengan teliti dengan menggunakan ABC, bertanggung jawab membuat rekomendasi untuk peningkatan, dengan menggunakan angka-angka yang dihasilkan oleh ABC melakukan koreksi keputusan mengenai pengunaan sumber daya. Manajemen berbasis aktivitas
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