Syllabus FINC 327 - Cost Analysis 2011 Assessment: An unseen, two hour closed book examination: Part A Compulsory, Part B & C, A choice of ONE of TWO questions THREE questions in total Recommended Textbook Colin Drury, Cost and Management Accounting, an introduction, Pub. Thomson, 7th Edition WWW.thomsonlearning.co.uk ISBN 0-412-58780-7 Lecturer: Prof. Melvin Ch. Williams E-mail: mcwilliams23942@btinternet.com Prof. M C Williams, Cardiff University 1 Cost Analysis 1st August –
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Link Below To Buy: http://hwcampus.com/shop/acc650-module-7-quiz-product-costing-systems-cost-allocation/ 1) Indiana Company incurred the following costs during the past year when planned production and actual production each totaled 20,000 units: a. Direct material used $280,000 b. Direct labor $120,000 c. Variable manufacturing overhead $160,000 d. Fixed manufacturing overhead $100,000 e. Variable selling
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Acct 340-Midterm Review Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Which of the following is NOT a process associated with an accounting information system? |a. |auditing existing data | |b. |collecting and recording data | |c. |providing information
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activities, resources, costs, and cost drivers. 3. Use recommended guidelines to charge the variable and fixed costs of service departments to other organizational units. 4. Identify methods for allocating the central costs of an organization. 5. Use the direct, step-down, and reciprocal allocation methods to allocate service department costs to user departments. 6. Describe the general approach to allocating costs to products or services. 7. Use the physical units and relative-sales-value methods to allocate
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by 4pm (submit to your tutor) 1. The accounting process involves all of the following except: A. identifying economic transactions that are relevant to the business. B. communicating financial information to users by preparing financial reports. C. recording nonquantifiable economic events. D. analyzing and interpreting financial reports. 2. Which of the following would not be considered an external user of accounting data for the XYZ Company? A. Banks
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inventory balance. 2. At year-end, Delphi had $12,000 of merchandise on consignment from the Harvey Company. This merchandise is included in the preliminary inventory balance. 3. On December 29, merchandise costing $17,000 was shipped to a customer f.o.b. shipping point and arrived at the customer’s location on January 3, 2014. The merchandise is not included in the preliminary inventory balance. 4. Materials purchased from a supplier and shipped to Delphi f.o.b. shipping point on December 28
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COST ACCOUNTING : AN INTRODUCTION Cost Accounting is the classifying, recording, and appropriate allocation of expenditure for the determination of the costs of products or services, and for the presentation of suitably arranged data for the purpose of control and guidance of management. It includes the ascertainment of the cost of every order ,job contract, process, service or unit as many be appropriate. It deals with the cost of production, selling, and distribution. It is thus the provision
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McGraw-Hill/Irwin 2002 The McGraw-Hill Companies, Inc. Managerial Accounting, 5/e 10-1 CHAPTER 10 Standard Costing and Performance Measures for Today’s Manufacturing Environment ANSWERS TO REVIEW QUESTIONS 10-1 Management by exception is a managerial technique in which only significant deviations from expected performance are investigated. 10-2 Any control system has three basic parts: a predetermined or standard performance level, a measure of actual performance, and a comparison between
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|MANAGING PUBLIC | | |SECTOR RECORDS | | | |A Training Programme | |
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CPA PROGRAM – PROFESSIONAL LEVEL STRATEGIC MANAGEMENT ACCOUNTING DELIVERING STRATEGY: THE STRATEGIC MANAGEMENT ACCOUNTANT’S ROLE WORKSHOP NOTES 2014 AUTHORS: RICHARD COMERFORD AND PETER ROBINSON REVISED BY: BRIAN CLARKE Published by Deakin University on behalf of CPA Australia Ltd, ABN 64 008 392 452 © CPA Australia Ltd 2014 (Edition 14a) The contents and any information contained in this document (Information) are for general information only. They are not intended as professional advice
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