ACC 349 Experience Tradition/newtonhelp.com

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ACC 340 Experience Tradition/newtonhelp.com
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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Discussion 4
• For more course tutorials visit
• www.newtonhelp.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 Experience Tradition/newtonhelp.com

• ACC 349 Discussion 5
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• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Discussion 6
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• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Discussion 7
• For more course tutorials visit
• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Discussion 8
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•  
• 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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Discussion 9
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•  
• What are the characteristics of a flexible
  budget? How does a flexible budget work? Do you
  have experience with this type of budgeting?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Discussion 10
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•  
• What are some of the potential problems with
  standard cost? Please explain your thoughts

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Entire Course
• For more course tutorials visit
• www.newtonhelp.com
•  
• ACC 349 Week 1 Individual Assignment BYP 1-7,
  E1-7
• ACC 349 Week 1 Discussion Question 1
• ACC 349 Week 1 Discussion Question 2
• ACC 349 Week 2 Individual Assignment Assignments
  CH 2 3
• ACC 349 Week 2 Team Assignment Problems Ch. 2 3

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Final Exam Guide (New 2017 with Excel
  sheet)
• For more course tutorials visit
• www.newtonhelp.com
•  
• Excel Sheet can be used for any change in values,
  it automatically gives correct answers
• 1.
• The following costs were incurred in September
• Direct materials 42,700
• Direct labor 29,400
• Manufacturing overhead 27,300
• Selling expenses 23,600
• Administrative expenses 33,700

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Final Exam Guide
• For more course tutorials visit
• www.newtonhelp.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?
•  

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Wee 5 Team Assignment Part 3 (Jeemp
  Farms)
• For more course tutorials visit
• www.newtonhelp.com
•  
• You have completed the analysis of ABC and
  determined whether it is a good option for Jeemp
  Farms.
• Create a 5- to 10-slide presentation with speaker
  notes for Jeemp Farms management that addresses
  the following
• Explain ABC costing and how it is different than
  traditional costing.
• Explain the advantages/disadvantages of using ABC
  costing.
• Define the terminology that is used in an ABC
  costing system.

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 1 Discussion Question 1
• For more course tutorials visit
• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 1 Discussion Question 2
• For more course tutorials visit
• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 1 Individual Assignment BYP 1-7,
  E1-7
• For more course tutorials visit
• www.newtonhelp.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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 1 Lab Problems
• For more course tutorials visit
• www.newtonhelp.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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 2 Connect Problems (with Excel
  Sheet)
• For more course tutorials visit
• www.newtonhelp.com
•  
• 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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 2 Discussion Question 1
• For more course tutorials visit
• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 2 Discussion Question 2
• For more course tutorials visit
• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 2 Individual Assignment Assignments
  CH 2, 3
• For more course tutorials visit
• www.newtonhelp.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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 2 Lab Problems
• For more course tutorials visit
• www.newtonhelp.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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 2 Team Assignment Case Study BYP 2-2
• For more course tutorials visit
• www.newtonhelp.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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 2 Team Assignment Problems Ch 2 and
  3
• For more course tutorials visit
• www.newtonhelp.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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 3 Discussion Question 1
• For more course tutorials visit
• www.newtonhelp.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?

25
ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 3 Discussion Question 2
• For more course tutorials visit
• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 3 Individual Assignment Article
  Analysis Summary
• For more course tutorials visit
• www.newtonhelp.com
•  
• Use the Internet or other credible resources to
  find an article relevant to activity-based
  costing (ABC), job costing, or process costing.

27
ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 3 Individual Assignment Assignments
  Ch. 4
• For more course tutorials visit
• www.newtonhelp.com
•  
• 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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 3 Team Assignment Case Study Ch. 4
• For more course tutorials visit
• www.newtonhelp.com
•  
• Prepare written responses to the following case
  study from Ch. 4 of Managerial Accounting Tools
  for Business Decision Making
• Managerial Analysis BYP 4-2

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 3 Team Assignment Part 1 (Jeemp
  Farms)
• For more course tutorials visit
• www.newtonhelp.com
•  
• Read the following scenario below
• Leighton Beridon owns "Jeemp Farms", located near
  Weimar, TX. The farm produces pecan trees and
  sod. He has so many orders from the Houston
  metropolitan area that he is able to sell all his
  inventory each year, but he is not netting as
  much as he has in past years.

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 3 Team Assignment Problems Ch. 4
• For more course tutorials visit
• www.newtonhelp.com
•  
• Prepare written responses to the following
  problems from Ch. 4 of Managerial Accounting
  Tools for Business Decision Making
• Problems P4-3A and P4-4A

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 4 Connect Problems (with Excel
  Sheet)
• For more course tutorials visit
• www.newtonhelp.com
•  
• This Tutorial contains Excel Sheet which can be
  used for any values
• Q-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
• During May, the companys activity was actually
  340 diving-hours. Complete the following flexible
  budget for that level of activity.

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 4 Discussion Question 1
• For more course tutorials visit
• www.newtonhelp.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.

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 4 Discussion Question 2
• For more course tutorials visit
• www.newtonhelp.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?

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 4 Individual Assignment Ch. 5 and 6
• For more course tutorials visit
• www.newtonhelp.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 Experience Tradition/newtonhelp.com

• ACC 349 Week 4 Team Assignment Case Study Ch. 6
• For more course tutorials visit
• www.newtonhelp.com
•  
• Prepare written responses to the following case
  study from Ch. 6 of Managerial Accounting Tools
  for Business Decision Making
• Managerial Analysis BYP 6-2

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 4 Team Assignment Part 2 (Jeemp
  Farms)
• For more course tutorials visit
• www.newtonhelp.com
•  
• Mr.Beridon received your requests for information
  and returned data which you have compiled in an
  Microsoft Excel spreadsheet (see document
  template). He also said, "We grow sod and trees
  at Jeemp Farms. We sell the sod mainly to home
  builders in the area, although we sell to some
  individuals who are purchasing square footages to
  re-sod their yard. Many home builders will
  purchase to sod an entire subdivision.

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 4 Team Assignment Problems Ch. 7
• For more course tutorials visit
• www.newtonhelp.com
•  
• Prepare written responses to the following
  problems from Ch. 7 of Managerial Accounting
  Tools for Business Decision Making
• Problem P7-1A

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 5 Connect Problems (With Excel
  Sheet)
• For more course tutorials visit
• www.newtonhelp.com
•  
• This Tutorial contains Excel Sheet which can be
  used for any change in values, get your 100
  score with our sheet
• 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

39
ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 5 Discussion Question 1
• For more course tutorials visit
• www.newtonhelp.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?

40
ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 5 Discussion Question 2
• For more course tutorials visit
• www.newtonhelp.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?

41
ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 5 Individual Assignment Ch. 8, 9 and
  11
• For more course tutorials visit
• www.newtonhelp.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

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ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 5 Signature Assignment Ethics on the
  Job (2 Papers)
• For more course tutorials visit
• www.newtonhelp.com
•  
• This Tutorial contains 2 Papers
• About Your Signature Assignment
• Signature/Benchmark Assignments are designed to
  align with specific program student learning
  outcome(s) in your program. Program Student
  Learning Outcomes are broad statements that
  describe what students should know and be able to
  do upon completion of their degree.

43
ACC 349 Experience Tradition/newtonhelp.com

• ACC 349 Week 5 Team Assignment Problems Ch. 8 and
  11
• For more course tutorials visit
• www.newtonhelp.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

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ACC 349 Experience Tradition/newtonhelp.com