Barfield Raiborn Kinney Cost Accounting 3 pot
Barfield Raiborn Kinney Cost Accounting_1 potx
... or lower relative costs than your main competitors? Where in the cost
structure (for example, cost of raw materials, cost of product, cost of selling, cost of dis-
tributing, cost of advertising ... development of cost and management accounting standards and
Chapter 1 Introduction to Cost and Management Accounting in a Global Business Environment
7
3
Robert B. Hubbard, “...
Barfield Raiborn Kinney Cost Accounting_3 pot
... $2 53. 14
($1,772 Ϭ 7). Thus,
b ϭ
ϭ
ϭ $0. 035
a ϭ $2 53. 14 Ϫ $0. 035 (6,228.57)
ϭ $35 .14
Thus, the b (variable cost) and a (fixed cost) values for the department’s utility
costs are $0. 035 and $35 .14, ... 24,010,000
4,600 218 1,002,800 21,160,000
8,900 34 7 3, 088 ,30 0 79,210,000
5,900 248 1,4 63, 200 34 ,810,000
5,500 231 1,270,500 30 ,250,000
43, 600 $1,772 $11,807,800 2 93, 48...
Barfield Raiborn Kinney Cost Accounting_4 potx
... driver (p. 1 43)
attribute-based costing (ABC II) (p. 146)
batch-level cost (p. 138 )
business-value-added activity (p. 133 )
continuous improvement (p. 150)
cost driver analysis (p. 136 )
cycle (lead) ... Administration $ 409,000 Direct Labor $ 38 2,4 13 317,086 31 7,188
Project Costing 48,000 # of Timesheet Entries 6,000 3, 800 3, 500
Accounts Payable/Receiving 139 ,000 # of Vendo...
Barfield Raiborn Kinney Cost Accounting_12 pot
... 50
$6,286(0.60) $3, 772 3, 772
February 2001
(from Exhibit 13 8)
$5,654(0.40)(0.98) 2,216N 2,216 45
$5,654(0.60) $3, 3 93 3 ,39 3
March 2001
(from Exhibit 13 8)
$5,876(0.40)(0.98) 2 ,30 3N 2 ,30 3 47
Total disbursements
for ... 1,646
Total cost (
y
) $2,025 $1.20 $3, 616 $3, 429 $3, 5 13 $10,558
Total cost net
of depreciation $3, 016 $2,829 $2,9 13 $ 8,758
EXHIBIT 13 10
Overhead Budge...
Barfield Raiborn Kinney Cost Accounting_18 pot
... (0.15 ϫ $3, 1 13, 750) ϭ $765,000 Ϫ $467,062 ϭ $297, 938
Houston:
$1 23, 500 Ϫ (0.15 ϫ $2 ,32 1,560) ϭ $1 23, 500 Ϫ $34 8, 234 ϭ $(224, 734 )
San Antonio:
$99,000 Ϫ (0.15 ϫ $460,000) ϭ $99,000 Ϫ $69,000 ϭ $30 ,000
NOTE
: ... Division
Sales $ 23 $15 $55
Cost of goods sold ( 13) (7) (38 )
Gross profit $10 $ 8 $17
Selling and administrative:
Division selling and administration costs $ 5 $ 5...
Barfield Raiborn Kinney Cost Accounting_9 docx
... A—9 03 hours at $10.50 $9,481.50
Category B 38 7 hours at $14 .35 5,5 53. 45 $15, 034 .95
(2) Actual mix and hours; standard rates:
Category A—9 03 hours at $10.50 $9,481.50
Category B 38 7 hours at $14 .30 ... conversion costs:
Chapter 10 Standard Costing
431
absorption costing method. Under absorption costing, costs incurred in the non-
manufacturing areas of the organization are consid...
Barfield Raiborn Kinney Cost Accounting_13 pdf
... Study Project Difference
0 $(1,000,000) $(1,000,000) $ 0
1 36 0,000 0 36 0,000
2 36 0,000 0 36 0,000
3 360,000 0 36 0,000
4 36 0,000 0 36 0,000
5 36 0,000 2,400,000 (2,040,000)
NET PRESENT VALUE CALCULATION—PROJECT ... years
Net cash inflows
Year 1 $ 36 0,000 $ 0
Year 2 36 0,000 0
Year 3 360,000 0
Year 4 36 0,000 0
Year 5 36 0,000 2,400,000
Using the same approach as presented...
Barfield Raiborn Kinney Cost Accounting_20 pptx
... years. (continued)
EXERCISES
cost consciousness a company-wide attitude about the top-
ics of cost understanding, cost containment, cost avoid-
ance, and cost reduction
cost containment the practice ... relationship
to a cost; an activity creating a cost
cost driver analysis the process of investigating, quantify-
ing, and explaining the relationships of cost drivers and
thei...
Demonstration problem barfield raiborn kinney cost accounting_1 docx
... $4,517,500
Product costs
Direct $20.00 100,000 $20.00 $30 ,000 $ 9.00 $ 945,000
OH per MH 13. 50 67,500 13. 50 20,250 13. 50 1,417,500
Total $33 .50 $167,500 $33 .50 $50,250 $22.50 $2 ,36 2,500 (2,580,250)
Net ... 24,010,000
4,600 218 1,002,800 21,160,000
8,900 34 7 3, 088 ,30 0 79,210,000
5,900 248 1,4 63, 200 34 ,810,000
5,500 231 1,270,500 30 ,250,000
43, 600 $1,772 $11,807,800 2 93,...
Demonstration problem barfield raiborn kinney cost accounting_2 ppt
... Administration $ 409,000 Direct Labor $ 38 2,4 13 317,086 31 7,188
Project Costing 48,000 # of Timesheet Entries 6,000 3, 800 3, 500
Accounts Payable/Receiving 139 ,000 # of Vendor Invoices 1,020 850 ... driver (p. 1 43)
attribute-based costing (ABC II) (p. 146)
batch-level cost (p. 138 )
business-value-added activity (p. 133 )
continuous improvement (p. 150)
cost driver analysis (p...