Manerial accounting 11e garrison noreen brewer chap015

Test bank accounting management 11e chapter 01 THE ACCOUNTANTS ROLE IN THE ORGANIZATION

Test bank accounting management 11e chapter 01 THE ACCOUNTANTS ROLE IN THE ORGANIZATION

... management accounting and financial accounting What are some basic characteristics of accounting that all accountants use whether in financial or managerial accounting? The Financial Accounting ... among the problem-solving, scorekeeping, and attention-directing roles of management accountants Describe the steps in making a decision in terms of the roles of man...
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Test bank accounting management 11e chapter 02 AN INTRODUCTION TO COST TERMS AND PURPOSES

Test bank accounting management 11e chapter 02 AN INTRODUCTION TO COST TERMS AND PURPOSES

... combining of cost but one must look to the particular purpose and its full meaning 12 Chapter An Introduction to Cost Terms and Purposes 12 Present key features of cost accounting and cost management ... Cost accounting is more than costing a product that can be inventoried Costs must be 11 Chapter An Introduction to Cost Terms and Purposes...
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Test bank accounting management 11e chapter 03 COST VOLUME PROFIT ANALYSIS

Test bank accounting management 11e chapter 03 COST VOLUME PROFIT ANALYSIS

... outcome CHAPTER QUIZ SOLUTIONS: 1.a 2.c 3.b 4.a 5.c 6.d 7.b 8.c 9.b 10.d Cost- Volume- Profit Analysis 33 CHAPTER QUIZ Which of the following is not an assumption of cost- volume- profit analysis? ... statements Cost- Volume- Profit Analysis 35 WRITING/DISCUSSION EXERCISES Understand the assumptions underlying cost- volume- profit (CVP) analysis How helpful is a mod...
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Test bank accounting management 11e chapter 4 4 JOB COSTING

Test bank accounting management 11e chapter 4 4 JOB COSTING

... manufacturing costs by use of individual jobs Do multiple choice – Assign Exercises 4- 24 (25) and 4- 26, Problems 4- 30, 4- 36, and 4- 37 12 Chapter Job Costing 12 VI Other normal costing issues A A timeliness ... choice V Assign Exercises 4- 17 and 4- 18, Problem 4- 34 Accounting for the flow of costs in a normal job- costing system Learning Objective 5: Track the flo...
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Test bank accounting management 11e chapter 05ACTIVITY BASED COSTING AND ACTIVITY BASED MANAGEMENT

Test bank accounting management 11e chapter 05ACTIVITY BASED COSTING AND ACTIVITY BASED MANAGEMENT

... with activity -based costing and activity -based management Activity -based costing is a whole company approach and works best when so employed through activity -based management and activity -based ... Use activity -based costing systems for activity -based management Can a company (organization) use activity -based costing and not have activity...
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Test bank accounting management 11e chapter 06 MASTER BUDGET AND RESPONSIBILITY ACCOUNTING

Test bank accounting management 11e chapter 06 MASTER BUDGET AND RESPONSIBILITY ACCOUNTING

... Exercise 6-27 and Problem 6-35 CHAPTER QUIZ SOLUTIONS: 1.d 2.a 3.b 4.d 5.c 6.b 7.c 8.a 9.d 10.b 11.c 12.b Master Budget and Responsibility Accounting 79 CHAPTER QUIZ Budgeting is the common accounting ... coverage of budgets Purpose of budget should guide time period chosen Ongoing coverage through use of rolling budget Do multiple choice Assign Exercise 6-16 Master B...
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Test bank accounting management 11e chapter 07 FLEXIBLE BUDGETS, VARIANCES,

Test bank accounting management 11e chapter 07 FLEXIBLE BUDGETS, VARIANCES,

... QUIZ SOLUTIONS: 1.b 2.c 3.a 4.b 5.c 6.d 7.a 8.c 9.a 10.d Flexible Budgets, Variances, and Management Control: I 93 CHAPTER QUIZ [CMA Adapted] Flexible budgets a b c d accommodate changes in the inflation ... across companies Flexible Budgets, Variances, and Management Control: I 95 WRITING/DISCUSSION EXERCISES Distinguish a static budget from a flexible budget How is the...
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Test bank accounting management 11e chapter 08 FLEXIBLE BUDGETS, VARIANCES,

Test bank accounting management 11e chapter 08 FLEXIBLE BUDGETS, VARIANCES,

... accounting system should be designed to provide the information that improves the decisions of managers, keeping in mind that accounting systems have a cost Flexible Budgets, Variances, and Management ... implementation have declined Flexible Budgets, Variances, and Management Control: II 111 SUGGESTED READINGS Beischel, M and Smith, K., “Linking the Shop Floor to the Top...
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Test bank accounting management 11e chapter 09 INVENTORY COSTING AND CAPACITY ANALYSIS

Test bank accounting management 11e chapter 09 INVENTORY COSTING AND CAPACITY ANALYSIS

... T., Buddenbohm, H and Swenson, D., “Understanding Capacity Utilization at Rocketdyne,” Management Accounting Quarterly (Winter 2000) p.42 [6p] Inventory Costing and Capacity Analysis 15 ... practical capacity level to calculate the rate and proration for tax reporting Inventory Costing and Capacity Analysis Difficulties in forecasting chosen denominator-level...
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Test bank accounting management 11e chapter 10 DETERMINING HOW COSTS BEHAVE

Test bank accounting management 11e chapter 10 DETERMINING HOW COSTS BEHAVE

... relationship exists d management should cut costs Answer: a Difficulty: Chapter 10 Page 19 104 The smaller the residual term a the stronger the relationship between the cost driver and costs b the weaker ... total labor costs at Carroll Company when 10, 000 labor-hours are used? a $17,000 b $41,000 c $21,167 d $27,000 Answer: b Difficulty: y = $17,000 + ($2.40 x 10, 000) = $41,...
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Test bank accounting management 11e chapter 11 DECISION MAKING AND RELEVANT INFORMATION

Test bank accounting management 11e chapter 11 DECISION MAKING AND RELEVANT INFORMATION

... choice Assign Exercises 11- 22 and 11- 23, Problems 11- 29 and 11- 32 D Add or discontinue a product line—example of customer profitability Understand conditions of decision (obtain information) a Customer ... discontinuing customers and segments Decision Making and Relevant Information 145 c Ignore allocated overhead costs d Focus on how total costs differ among altern...
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Test bank accounting management 11e chapter 12 PRICING DECISIONS AND COST MANAGEMENT

Test bank accounting management 11e chapter 12 PRICING DECISIONS AND COST MANAGEMENT

... Emphasized in costing systems b Locked-in or designed-in costs [Exhibits 12- 5 and 12- 6] Pricing Decisions and Cost Management 159 i Definition: Costs that have not yet been incurred but, based on decisions ... Advantages to use of full cost of product for pricing decisions full recovery of all costs of product, price stability, and simplicity Cost- plus pricing an...
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Test bank accounting management 11e chapter 13 STRATEGY, BALANCED SCORECARD, AND

Test bank accounting management 11e chapter 13 STRATEGY, BALANCED SCORECARD, AND

... Assign Exercises 13- 19, 13- 22, 13- 26, and Problems 13- 29 and 13- 30 Learning Objective 5: Distinguish between engineered and discretionary costs C Management of capacity [Exhibit 13- 4] Reducing ... [Exhibit 13- 6] C Total factor productivity measures Do multiple choice 11 Assign Problems 13- 34 and 13- 35 CHAPTER QUIZ SOLUTIONS: 1.c 176 Chapter 13 2.c 3.a 4.d 5.c...
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