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For more course tutorials visit www.tutorialrank.com What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why? – PowerPoint PPT presentation

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Title: ACC 349 Course Inspiring Minds / tutorialrank.com


1
ACC 349 Course Inspiring Minds/ tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
2
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Discussion 4
What are the differences between variable and
absorption costing? Why is variable costing not
allowed for GAAP reporting? Which method is more
useful for internal decision making? Why? As a
manager, which would you prefer? Why?
3
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Discussion 5
For what is cost-volume-profit (CVP) analysis
used? What are some main underlying assumptions
that make CVP analysis useful for decision
makers? Why might decision makers use CVP
analysis? What is contribution margin? What is
break even point? How are these used?
4
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Discussion 6
What are some main differences between financial
and managerial accounting? How do these
differences affect the type of information that
must be gathered and reported? What different
types of decisions must users of financial
accounting information make? What different types
of decisions must users of managerial accounting
information make? How does managerial accounting
apply to your career? What is the code of
conduct for managerial accountants?
5
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Discussion 7
What are the cost classifications for assigning
cost to cost objects? What are the cost
classifications for manufacturing companies?
What are cost classifications for preparing
financial statements? What are cost
classifications for predicting cost behavior?
What are mixed cost?
6
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Discussion 8
What is a master budget? What are some underlying
budgets that form the master budget? What are
the advantages of budgeting? What is the
budgeting process at your organization? Is it
effective? Why or why not?
7
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Discussion 9
What are the characteristics of a flexible
budget? How does a flexible budget work? Do you
have experience with this type of budgeting?
8
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Discussion 10
What are some of the potential problems with
standard cost? Please explain your thoughts
9
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Entire Course (UOP Course)
ACC 349 Week 1 Individual Assignment BYP 1-7,
E1-7 (UOP Course) ACC 349 Week 1 Discussion
Question 1 (UOP Course) ACC 349 Week 1 Discussion
Question 2 (UOP Course) ACC 349 Week 2 Individual
Assignment Assignments CH 2 3 (UOP Course) ACC
349 Week 2 Team Assignment Problems Ch. 2 3
(UOP Course)
10
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Final Exam Guide (UOP Course)
1) What does cost accounting measure, record, and
report? 2) What is the best way to handle
manufacturing overhead costs in order to get the
most timely job cost information? 3) At the end
of the year, manufacturing overhead has been
overapplied. What occurred to create this
situation? 4) Which of the following would be
accounted for using a job order cost system? 5)
In a job order cost accounting system, the Work
in Process account is
11
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 1 Discussion Question 1 (UOP Course)
What are some of the key differences between
financial and managerial accounting? How do these
differences impact the type of information that
must be gathered and reported? What are the
different types of decisions that users of
financial accounting information must make? What
are the different types of decisions that users
of managerial accounting information must make?
12
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 1 Discussion Question 2 (UOP Course)
What are the differences between a direct cost
and an indirect cost? Which is the more difficult
cost to track? Why? How do indirect costs affect
the cost of a product? Should indirect costs be
included in product cost? Why or why not?
13
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 1 Individual Assignment BYP 1-7,
E1-7 (UOP Course)
Prepare written responses to the following
assignments from Ch. 1 of Managerial Accounting
Tools for Business Decision Making
Exercise E1-7 exercise 7 only Ethics Case
BYP 1-7 case 7 only
14
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 1 Lab Problems
price Week 1 Question 1 Segregation of
duties o is a preventive control o is a
detective control o separates responsibilities
for authorizing transactions, recording
transactions, and maintaining custody of the
related assets Question 2 The following
cost and inventory data are taken from the
accounting records of Mason Company for the year
just completed
15
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 2 Connect Problems (with Excel Sheet)
This Tutorial contains Excel Sheet which can be
used for any values Week 2 Question 1
The Hartford Symphony Guild is planning its
annual dinnerdance. The dinnerdance committee has
assembled the following expected costs for the
event Dinner (per person) 10 Favors and
program (per person) 4
16
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 2 Discussion Question 1 (UOP Course)
What is activity-based costing? What are some of
the key elements of activity-based costing? How
does this method differ from a more traditional
costing method?
17
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 2 Individual Assignment Assignments
CH 2 and 3 (UOP Course)
Prepare written responses to the following
assignments from Managerial Accounting Tools for
Business Decision Making Ch. 2 Exercises
E-2-6 and E2-9 Ch. 3 Exercises E3-5 and
E3-9 Ch. 3 Questions 2 and 3
18
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 2 Lab Problems
Week 2 Question 1 The Hartford Symphony
Guild is planning its annual dinnerdance. The
dinnerdance committee has assembled the following
expected costs for the event Dinner (per person)
10
Favors and program (per person)
4 Band
700
19
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 2 Team Assignment Problems Ch. 2 and
3 (UOP Course)
Prepare written responses to the following
problems from Managerial Accounting Tools for
Business Decision Making Ch. 2 Problem
P2-4A Ch. 3 Problem P3-3A
20
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 3 Connect Problems (with Excel Sheet)
This Tutorial contains Excel Sheet which can be
used for any values Q-1 Lehner Corporation
has provided the following data from its
activity-based costing accounting
system Indirect factory wages 552,000 Factory
equipment depreciation 332,000
21
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 3 Discussion Question 1 (UOP Course)
For what is cost-volume-profit (CVP) analysis
used? What are some of the key underlying
assumptions that make CVP analysis useful for
decision makers? Why might decision makers use
CVP analysis?
22
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 3 Discussion Question 2 (UOP Course)
What are the differences between variable and
absorption costing? Why is variable costing not
allowed for GAAP reporting? Which method is more
useful for internal decision-making? Why? As a
manager, which would you prefer? Why?
23
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 3 Individual Assignment Article
Analysis Summary (UOP Course)
Use the Internet or other credible resources to
find an article relevant to activity-based
costing (ABC), job costing, or process costing.
Write a 125-word summary of the article.
Summarize the major topics of the article, and
explain what you learned as a result of your
reading.
24
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 3 Individual Assignment Assignments
Ch. 4 (UOP Course)
Prepare written responses to the following
assignments from Ch. 4 of Managerial Accounting
Tools for Business Decision Making Exercises
E4-10 and E4-11 Questions 13 and 14
25
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 3 Team Assignment Case Study Ch. 4
(UOP Course)
Prepare written responses to the following case
study from Ch. 4 of Managerial Accounting Tools
for Business Decision Making Managerial
Analysis BYP 4-2
26
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 3 Team Assignment Problems Ch. 4
(UOP Course)
Prepare written responses to the following
problems from Ch. 4 of Managerial Accounting
Tools for Business Decision Making Problems
P4-3A and P4-4A
27
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 4 Discussion Question 1 (UOP Course)
What are some of the advantages and disadvantages
of standard costs? How do managers determine what
the standard cost should be? Describe the effect
of inaccurate standard costs on financial
reporting.
28
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 4 Discussion Question 2 (UOP Course)
When should variances be investigated? Who should
be responsible for correcting a negative
variance? Why? What are some factors that can
lead to variances? How can variances be corrected?
29
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 4 Individual Assignment Ch. 5 and 6
(UOP Course)
Prepare written responses to the following
assignments from Managerial Accounting Tools for
Business Decision Making Ch. 5 Exercises
E5-1 and E5-9 Ch. 6 Exercises E6-7 and E6-10
30
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 4 Lab Problems
Week 4 Question 1 Puget Sound Divers
is a company that provides diving services such
as underwater ship repairs to clients in the
Puget Sound area. The companys planning budget
for May appears below
Puget Sound Divers
Planning Budget
31
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 4 Team Assignment Case Study Ch. 6
(UOP Course)
Prepare written responses to the following case
study from Ch. 6 of Managerial Accounting Tools
for Business Decision Making Managerial
Analysis BYP 6-2
32
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 4 Team Assignment Problems Ch. 7
(UOP Course)
Prepare written responses to the following
problems from Ch. 7 of Managerial Accounting
Tools for Business Decision Making Problem
P7-1A
33
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 5 Discussion Question 1 (UOP Course)
What is a master budget? What are some of the
underlying budgets that form the master budget?
What is the budgeting process at your
organization? Is it effective? Why or why not?
34
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 5 Discussion Question 2 (UOP Course)
What is the difference between external and
internal pricing? What factors must be considered
when setting internal transfer pricing between
divisions of a company? What are the different
methods of setting internal transfer pricing?
Which is the most effective? Why?
35
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 5 Lab Problems
Week 5 Question 1 Huron Company produces
a commercial cleaning compound known as Zoom. The
direct materials and direct labor standards for
one unit of Zoom are given below
Standard
Quantity or
Standard Price
Standard
Hours
or Rate
36
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 5 Team Assignment Problems Ch. 8 and
11 (UOP Course)
Prepare written responses to the following
problems from Managerial
Accounting Tools for Business Decision
Making Ch. 8 Problem P8-2A Ch. 11 Problem
P11-4A
37
ACC 349 Course Inspiring Minds/ tutorialrank.com
ACC 349 Week 5 Team Assignment Problems Ch. 8 and
11 (UOP Course)
Prepare written responses to the following
problems from Managerial
Accounting Tools for Business Decision
Making Ch. 8 Problem P8-2A Ch. 11 Problem
P11-4A
38
ACC 349 Course Inspiring Minds/ tutorialrank.com
The Best way to predict the Future is to create
it.....To Best way....
www.tutorialrank.com
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