Barfield Raiborn Kinney Cost Accounting 12 pot

... 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, “Return of the Cost Accounting ... answer. Chapter 1 Introduction to Cost and Management Accounting in a Global Business Environment 39 The cost accounting overlap causes the financial and management a...

Ngày tải lên: 20/06/2014, 18:20

... Organizational Cost Flows 109 actual cost system (p. 95) applied overhead (p. 97) capacity (p. 99) conversion cost (p. 78) cost (p. 77) cost allocation (p. 95) cost driver (p. 87) cost object (p. 90) cost ... activities cause costs to increase unnecessarily? 3 Why must cost drivers be designated in an activity-based costing system? 4 How does activity-based costing differ fr...

Ngày tải lên: 20/06/2014, 18:20

... occupied COSTS INITIALLY RECORDED (By department and general ledger accounts) COST DRIVER (Used to assign costs to cost pools) ACTIVITY CENTER COST POOL ACTIVITY DRIVER (Used to assign costs to cost ... were set at cost plus a 20 percent markup. 1. Calculate unit costs based on conventional costing. 2. Determine selling prices based on unit costs for conventional costing and for A...

Ngày tải lên: 20/06/2014, 18:20

... .005 .005 ϭ Total hours allowed 397.5 351.25 372.25 1 ,121 ϫ Average wage rate (including fringe cost) ϫ $12 ϫ $12 ϫ $12 ϫ $12 ϭ Direct labor cost $ 4,770 $ 4,215 $ 4,467 $ 13,452 EXHIBIT 13–9 Direct ... year. The current variable production cost is $40 per unit and total fixed costs are $2,000,000. Fixed manufacturing costs are 80 percent of total fixed costs and are allocated to t...

Ngày tải lên: 20/06/2014, 18:20

... the following costs associated with the component: Standard variable manufacturing cost $3.20 Standard variable selling and distribution cost 0.60 Standard fixed manufacturing cost 1.20 Total ... $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 $ 8 Corporate general administration costs...

Ngày tải lên: 20/06/2014, 18:20

... discusses the cost accumulation and cost presentation approaches to product costing. The cost accumulation approach determines which manufacturing costs are recorded as part of product cost. Although ... conversion costs: Chapter 10 Standard Costing 431 absorption costing method. Under absorption costing, costs incurred in the non- manufacturing areas of the organization are considered...

Ngày tải lên: 20/06/2014, 18:20

... news article were the initial cost of $850 million and the labor cost savings. Prepare a brief oral report in which you identify other cost sav- ings and other costs of the upgrade project. 52. ... filing tax returns. The initial cost of the system would be $25,000. The expected life of the technology is five years. a. Given that the company’s cost of capital is 12 percent, how mu...

Ngày tải lên: 20/06/2014, 18:20

... 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...

Ngày tải lên: 20/06/2014, 18:20

... Organizational Cost Flows 129 Part 2 Systems and Methods of Product Costing 114 1. Distinguish among the cost accounting uses of historical costs, replacement costs, and budgeted costs. 2. How ... Organizational Cost Flows 109 actual cost system (p. 95) applied overhead (p. 97) capacity (p. 99) conversion cost (p. 78) cost (p. 77) cost allocation (p. 95) cost driver (p. 87...

Ngày tải lên: 21/06/2014, 04:20

... of cost accounting to prepare cost estimates for producing the 5,000 doors. The head of cost accounting ac- cumulated the following data concerning production of 5,000 doors: Direct material cost ... traditional costing methods. Although the preceding discussion addresses costs normally considered prod- uct costs, activity-based costing is just as applicable to service department...

Ngày tải lên: 21/06/2014, 04:20