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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 Extrordinary Success - snaptutorial.com


1
ACC 349 Course Extrordinary Success
-snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Discussion 4 For more classes
visit www.snaptutorial.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?
3
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Discussion 5 For more classes
visit www.snaptutorial.com   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 Extrordinary Success
-snaptutorial.com
  ACC 349 Discussion 6 For more classes
visit www.snaptutorial.com   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 Extrordinary Success
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ACC 349 Discussion 7 For more classes
visit www.snaptutorial.com   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 Extrordinary Success
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ACC 349 Discussion 8 For more classes
visit www.snaptutorial.com   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 Extrordinary Success
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ACC 349 Discussion 9 For more classes
visit www.snaptutorial.com   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 Extrordinary Success
-snaptutorial.com
ACC 349 Discussion 10 For more classes
visit www.snaptutorial.com   What are some of the
potential problems with standard cost?  Please
explain your thoughts
9
ACC 349 Course Extrordinary Success
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ACC 349 Entire Course For more classes
visit www.snaptutorial.com   ACC 349 Week 1
Individual Assignment  BYP 1-7, E1-7ACC 349 Week
1 Discussion Question 1ACC 349 Week 1 Discussion
Question 2ACC 349 Week 2 Individual Assignment
Assignments CH 2 3ACC 349 Week 2 Team
Assignment Problems  Ch. 2 3ACC 349 Week 2
Team Assignment Case Study BYP 2-2ACC 349 Week 2
Discussion Question 1ACC 349 Week 2 Discussion
Question 2
10
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Final Exam Guide For more classes
visit www.snaptutorial.com   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?
11
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Week 1 Discussion Question 1 For more
classes visit www.snaptutorial.com   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 Extrordinary Success
-snaptutorial.com
ACC 349 Week 1 Discussion Question 2 For more
classes visit www.snaptutorial.com   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 Extrordinary Success
-snaptutorial.com
ACC 349 Week 1 Individual Assignment BYP 1-7,
E1-7 For more classes visit www.snaptutorial.com
  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 Extrordinary Success
-snaptutorial.com
ACC 349 Week 1 Lab Problems For more classes
visit www.snaptutorial.com   Week 1   Question
1    Segregation of duties is a preventive
control is a detective control 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               Costs
incurred Direct labor cost                     
87,000
15
ACC 349 Course Extrordinary Success
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ACC 349 Week 2 Connect Problems (with Excel
Sheet) For more classes visit www.snaptutorial.c
om   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 Band    
 700 Rental of ballroom     2,000
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ACC 349 Course Extrordinary Success
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ACC 349 Week 2 Discussion Question 1 For more
classes visit www.snaptutorial.com   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 Extrordinary Success
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ACC 349 Week 2 Discussion Question 2 For more
classes visit www.snaptutorial.com   What are
value-added processes? How do you determine if a
process adds value? How does identification of
value-added processes help a company run more
efficiently and effectively?  
18
ACC 349 Course Extrordinary Success
-snaptutorial.com
  ACC 349 Week 2 Individual Assignment
Assignments CH 2, 3 For more classes
visit www.snaptutorial.com   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  
19
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Week 2 Lab Problems For more classes
visit www.snaptutorial.com   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 Rental of ballroom                       
                       2,000 Professional
entertainment during intermission         
    2,000 Tickets and advertising                
                                   700  
20
ACC 349 Course Extrordinary Success
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ACC 349 Week 2 Team Assignment Case Study BYP
2-2 For more classes visit www.snaptutorial.com
  Prepare written responses to the following case
study from Ch. 2 of Managerial Accounting Tools
for Business Decision Making   Managerial
Analysis BYP 2-2  
21
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Week 2 Team Assignment Problems Ch 2 and
3 For more classes visit www.snaptutorial.com  
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
22
ACC 349 Course Extrordinary Success
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ACC 349 Week 3 Connect Problems (with Excel
Sheet) For more classes visit www.snaptutorial.c
om   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 Distribution of
Resource Consumption across Activity Cost Pools
 
23
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Week 3 Discussion Question 1 For more
classes visit www.snaptutorial.com   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?
24
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Week 3 Discussion Question 2 For more
classes visit www.snaptutorial.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?
25
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Week 3 Individual Assignment Article
Analysis Summary For more classes
visit www.snaptutorial.com   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.  
26
ACC 349 Course Extrordinary Success
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ACC 349 Week 3 Individual Assignment Assignments
Ch. 4 For more classes visit www.snaptutorial.co
m   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
27
ACC 349 Course Extrordinary Success
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ACC 349 Week 3 Team Assignment Case Study Ch. 4
For more classes visit www.snaptutorial.com   Pre
pare written responses to the following case
study from Ch. 4 of Managerial Accounting Tools
for Business Decision Making   Managerial
Analysis BYP 4-2  
28
ACC 349 Course Extrordinary Success
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ACC 349 Week 3 Team Assignment Problems Ch. 4
For more classes visit www.snaptutorial.com   Pre
pare written responses to the following problems
from Ch. 4 of Managerial Accounting Tools for
Business Decision Making   Problems P4-3A and
P4-4A
29
ACC 349 Course Extrordinary Success
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  ACC 349 Week 4 Discussion Question 1 For more
classes visit www.snaptutorial.com   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.
30
ACC 349 Course Extrordinary Success
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ACC 349 Week 4 Discussion Question 2 For more
classes visit www.snaptutorial.com   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?
31
ACC 349 Course Extrordinary Success
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ACC 349 Week 4 Individual Assignment Ch. 5 and
6   For more classes visit www.snaptutorial.com  
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
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ACC 349 Course Extrordinary Success
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ACC 349 Week 4 Lab Problems For more classes
visit www.snaptutorial.com   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  For
the Month Ended May 31 Budgeted diving-hours
(q)                                               
      300  Revenue (410.00q)                     
                                   123,000
33
ACC 349 Course Extrordinary Success
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ACC 349 Week 4 Team Assignment Case Study Ch. 6
For more classes visit www.snaptutorial.com   Pre
pare written responses to the following case
study from Ch. 6 of Managerial Accounting Tools
for Business Decision Making   Managerial
Analysis BYP 6-2
34
ACC 349 Course Extrordinary Success
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ACC 349 Week 4 Team Assignment Problems Ch. 7
For more classes visit www.snaptutorial.com   Pre
pare written responses to the following problems
from Ch. 7 of Managerial Accounting Tools for
Business Decision Making   Problem P7-1A  
35
ACC 349 Course Extrordinary Success
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ACC 349 Week 5 Discussion Question 1 For more
classes visit www.snaptutorial.com   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?
36
ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Week 5 Discussion Question 2 For more
classes visit www.snaptutorial.com   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?
37
ACC 349 Course Extrordinary Success
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ACC 349 Week 5 Individual Assignment Ch. 8, 9 and
11 For more classes visit www.snaptutorial.com  
Prepare written responses to the following
assignments from Managerial Accounting Tools for
Business Decision Making   Ch. 8 Exercises
E8-11 Ch. 9 Brief Exercises BE9-6 and BE9-8 Ch.
11 Questions 2 and 11 Ch. 11 Exercise E11-6  
38
ACC 349 Course Extrordinary Success
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ACC 349 Week 5 Lab Problems  For more classes
visit www.snaptutorial.com   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                                 
Cost  Direct materials                    6.4
pounds                          3.00 per
pound                 19.20 Direct
labor                           0.4
hours                            11.00 per
hour                   4.40
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ACC 349 Course Extrordinary Success
-snaptutorial.com
ACC 349 Week 5 Team Assignment Problems Ch. 8 and
11 For more classes visit www.snaptutorial.com  
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
40
ACC 349 Course Extrordinary Success
-snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
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