MARGINAL COSTING Introduction This paper explores the use of cost accounting information for decision-making purposes. DEFINITION OF KEY TERMS Marginal cost: This is the cost of a unit of a product or service, which would be avoided if that unit or service was not produced or provided Break-even point: This is the volume of sales where there is neither profit nor loss. 1 9 6 COST ACCOUNTING S T U D Y T E X T Margin of safety: This is the excess of sales over the break-even volume in
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cover: 1 2 3 4 The investigation as a whole Planning Stage Developing Stage Evaluation Stage Handouts 1 and 2 could be distributed at the start of the investigation while the other two could be given to students once they completed the previous stage of their investigation and are ready to embark on the next part of the process. If desired, all could be handed out at the start of the investigation. Investigation In order to successfully complete the HND in Business with Accounting you must undertake
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Contents CHAPTER 01 3 About the report 3 1.1Introduction 4 1.2 Origin of the Report 5 1.3 Literature Review 5 1.4 Objectives of the Study 7 1.5 Methodology/ Design of the Study 7 1.6 Limitations of the study 8 CHAPTER 02 9 Overview of management control systems 9 2.1Management Control Systems (MCS) 10 2.2Elements of Management Control 11 2.3Boundaries of Management Control 11 2.4 Benefits of management control systems 12 2.5 Limitations of Management control systems 12 CHAPTER 03
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McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2009 Hoyle, Schaefer, Doupnik, Advanced Accounting, 9/e 3-1 CHAPTER 3 CONSOLIDATIONS—SUBSEQUENT TO THE DATE OF ACQUISITION Answers to Discussion Questions How Does a Company Really Decide which Investment Method to Apply? Students can come up with literally dozens of factors that should be considered by Pilgrim in making the decision as to the method of accounting for its subsidiary, Crestwood Corporation. The following is simply a partial list of
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CHAPTER 3 CONSOLIDATIONS—SUBSEQUENT TO THE DATE OF ACQUISITION Answers to Discussion Questions How Does a Company Really Decide which Investment Method to Apply? Students can come up with literally dozens of factors that should be considered by Pilgrim in making the decision as to the method of accounting for its subsidiary, Crestwood Corporation. The following is simply a partial list of possible points to consider. Use of the information. If Pilgrim does not monitor its own income levels closely
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the three fitness centers. * Elizabeth Vogel – Accounting Manager Elizabeth is 48 and currently works as Manager in Human Resources. She is much respected in the office and has a good relationship with the remainder of the office. Since this new system will help in day-to-day operations and better reporting for Human Resources, I thought it was imperative that we have a member of Human Resources on this committee. Because, along with Accounting
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STUDY GUIDE BMAC5203 ACCOUNTING FOR DECISION MAKING Week 2 Topic 2: Basic Cost Concepts and Cost Classifications Readings Mowen, M. M., Hansen, D. R., & Heitger, D. L. (2009). Cornerstones of managerial accounting (3rd ed.). South-Western Cengage Learning. Chapters 2 and 3 (page 28–98) e-Content (a) (b) Download PowerPoint slides (lecture 2) from myVLE (Group Tool) and read through the notes before your first class. Download past examination questions from OUM’s digital library and do
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Organization Structure Diagram 2.1 Organizational Chart : Business Process & Product Development Section ISD - Maybank ISD Consumer Banking Consumer Banking Computer BPPDS Security and WAN Info Data Application Application Operations
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CONTENTS General Instructions Section A Section B Section C Section D Section E Organization, Accounting Practices, Markets and Merchandise Sales in the Home Market or to a Third Country Sales to the United States Cost of Production and Constructed Value Cost of Further Manufacture or Assembly Performed in the United States Appendix I Appendix II Glossary of Terms Instructions for Submitting Computer Databases and Spreadsheets Appendix III Description of Products Under Review Appendix
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ACCOUNTING METHODS Presentation of the course Introductory course 4 “intensive” days Theory, terminology, practical examples Suggested readings: Elliott, Barry; Elliott, Jamie: "Financial Accounting and Reporting", Prentice Hall 2012, 15th edition. Horngren, Bhimani, Datar and Foster: "Management and Cost Accounting." Prentice Hall, 2007, 4th edition. Info What to expect from this course: An introduction to the discipline to prepare you for the proceedings of
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