[PDF] Top 20 Cost Accounting, Chapter 1 11ch01

... F Cost of goods sold 42,000 43,400 1,400 U Wages 6,700 7,000 300 U General 1,300 900 400 F Fixed costs 5,000 5,000 0 Operating income $ 4,000 $ 3,700 $ 300 ... Lihat dokumen lengkap

... variable cost is one that remains constant on a per-unit basis but varies in total with changes in ...fixed cost is one that remains constant in total but varies on a per-unit basis with changes in ... Lihat dokumen lengkap

... 14) The textbook discusses three levels of variances, Level 0, Level 1, Level 2, and Level 3. Briefly explain the meaning of each of those levels and provide an example of a variance at each of those levels. ... Lihat dokumen lengkap

... Answer: The four methods are: 1. Net Present Value (NPV); 2. Internal Rate of Return (IRR); 3. Payback; and 4. Accrual Accounting Rate of Return (AARR). NPV has advantages in that it uses discounted cash ... Lihat dokumen lengkap

... Steps in Developing Flexible Budgets Steps in Developing Flexible Budgets Step 1: Determine budgeted selling price, variable cost per unit, and budgeted fixed cost... Steps in Devel[r] ... Lihat dokumen lengkap

... manufacturing overhead, a spending variance for the fixed overhead component, an efficiency variance for the variable overhead, and a production-volume variance for the fixed overhead. When the firm uses a 3-variance ... Lihat dokumen lengkap

... Relevant Range Example Relevant Range Example Assume that fixed leasing costs are $94,500 for a year and that they remain the same for a certain volume range 1,000 to 5,000 bicycles...[r] ... Lihat dokumen lengkap

... Again, using a unit of sales mix as the unit of analysis, one unit of sales mix sells for $56. Since the contribution margin is $20 on one unit of sales mix, the CM ratio on one unit of sales mix is $20/$56 = .3571. This ... Lihat dokumen lengkap

... 58) Wharf Fisheries processes many of its seafood items to the demands of its largest customers, most of which are large retail distributors. To keep the accounting system simple, it has always assigned ... Lihat dokumen lengkap

... When standard costing is used in conjunction with process costing, the costing procedure is simplified. Standard costing eliminates the calculation in each new period of a new production cost because the standards ... Lihat dokumen lengkap

... 18) Pat, a Pizzeria manager, replaced the convection oven just six months ago. Today, Turbo Ovens Manufacturing announced the availability of a new convection oven that cooks more quickly with lower operating expenses. ... Lihat dokumen lengkap

... Ending Inventory Budget Ending Inventory Budget Cost per finished unit: Materials $ 4 Labor 21 Variable manufacturing overhead 24 Fixed manufacturing overhead 5* Total $54... Ending[r] ... Lihat dokumen lengkap

... Price-Recovery Component Price-Recovery Component Cost effect of price-recovery component Input prices in 2004 – Input prices in 2003 Actual units of inputs or capacity that would hav[r] ... Lihat dokumen lengkap

... Time Horizon of Pricing Decisions Time Horizon of Pricing Decisions Short-run decisions have a time horizon of less than a year:  pricing a one-time-only special order  adjustin[r] ... Lihat dokumen lengkap

... Profitability, Activity-Based Costing, and Relevant Costs Profitability, Activity-Based Costing, and Relevant Costs Assume that if Mountain View Furniture drops Cohen’s business it ca[r] ... Lihat dokumen lengkap

... Nonlinearity and Cost Functions Nonlinearity and Cost Functions A step function is a cost function in which the cost is constant over various ranges of the level of activity, but the c[r] ... Lihat dokumen lengkap

... Comparing Income Statements Absorption Costing Comparing Income Statements Absorption Costing Total fixed production costs are $54,000 at a normal capacity of 12,000 units.. Fixed nonm[r] ... Lihat dokumen lengkap

... Integrated Analysis Integrated Analysis Actual manufacturing overhead incurred: Variable manufacturing overhead $244,775 Fixed manufacturing overhead 300,000 Total $544,775 Overhead [r] ... Lihat dokumen lengkap

... Cost-Volume-Profit Assumptions and Terminology Cost-Volume-Profit Assumptions and Terminology Operating income = Total revenues from operations – Cost of goods sold and operating cos[r] ... Lihat dokumen lengkap

... Variations of Normal Costing Variations of Normal Costing Home Health budget includes the following: Total direct labor costs: $400,000 Total indirect costs: $96,000... Variations of [r] ... Lihat dokumen lengkap