Barfield Raiborn Kinney Cost Accounting 20 pptx
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...
Barfield Raiborn Kinney Cost Accounting_1 potx
... 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...
Barfield Raiborn Kinney Cost Accounting_3 pot
... 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 ... $350,000
Cost of Goods Sold
Finished Goods, 8/1/01 $ 18,000
Cost of Goods Manufactured 171 ,200
Cost of Goods Available $189 ,200
Finished Goods, 8/31/01 (13,000)...
Barfield Raiborn Kinney Cost Accounting_4 potx
... 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...
Barfield Raiborn Kinney Cost Accounting_9 docx
... 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 ... http://www.torringtonsupply
.com (February 11, 200 0).
443
http://www.torringtonsupply.com
T
cost accumulation
cost presentation
AN OVERVIEW OF ABSORPTION AND VARIABLE COSTING
Abs...
Barfield Raiborn Kinney Cost Accounting_12 pot
... 200 0 December 31, 200 0
Material A (in pounds) 200 ,000 250,000 300,000
Material B (in gallons) 140,000 160,000 200 ,000
Prepare a production and purchases budget for each semiannual period of 200 0.
44. ... 31, 200 1
January February March Total
Sales in units
(from Exhibit 13–6) 80,000 70,000 75,000 225,000
ϩ Desired ending inventory 3,500 3,750 3 ,200 3 ,200
ϭ Total needed 83,500 7...
Barfield Raiborn Kinney Cost Accounting_13 pdf
... Capital
Investment Projects
January 201 0
January 200 0
Estimated Life and
Salvage Value
36
Service Availability
and Costs
Maintenance
Expectations
$
$50,000
Initial Cost
Operating Costs
Raw Material
and Labor
Requirements
Output
Capability
$
Revenues
(if ... Controlling
604
CASH OUTFLOWS (000s)
Due diligence costs: $ 500 (to be incurred immediately)
Acquisition cost: 8 ,200 (to be incur...
Barfield Raiborn Kinney Cost Accounting_18 pot
... 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 $5.00
The ... and the upcoming year (200 1):
BUDGET
1998 1999 200 0 200 1
Net cash flows from operating activities
Net income $41,700 $39 ,200 $43,700 $45,100
Add net reconciling items 2 ,200...
Demonstration problem barfield raiborn kinney cost accounting_1 docx
... traditional cost
accounting system?
4
ACTIVITY-BASED COSTING
Recognizing that several levels of costs exist, accumulating costs into related cost
pools, and using multiple cost drivers to assign costs ... 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 drive...
Demonstration problem barfield raiborn kinney cost accounting_2 ppt
... 50,000
Rate per MH ( $200 ,000 Ϭ 50,000) ϫ $4 ϫ $4 ϫ $4
Utility cost $170,000 $ 30,000 $200 ,000
Number of inspections 2,500 12,500 15,000
Rate per inspection ($300,000 Ϭ 15,000) ϫ $20 ϫ $20 ϫ $20
Quality ... 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 doo...