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Complete the following Questions located at the end of the chapters: Workshop One End of Chapter Questions Chapter 1 1, 2, 3, 4, 8, 9,

Complete the following Questions located at the end of the chapters:

Workshop One

End of Chapter Questions

Chapter 1

1, 2, 3, 4, 8, 9, 10, and 13

Chapter 2

1, 2, 3, 5, 7, 11, 13, and 14

In addition, answer the following questions after viewing the videos for the assigned chapters below. The videos being used for the 14th and 15th editions of Managerial Accounting are those in the Online Learning Center for the 14th edition of Managerial Accounting at http://www.mhhe.com/garrison14e To access the videos at that site, select Student Edition, then under Course Wide Content select Video Library.Answer the following questions from Chapter 1:

Why is it important for companies to be concerned with quality?

What are some advantages of a JIT system?

Why has the role of management accounting expanded?

Answer the following questions from Chapter 2:

Why is manufacturing overhead considered an indirect cost of production?

What is an opportunity cost? Should an opportunity cost be ignored when making a decision?

What is a sunk cost? Is a sunk cost a differential cost?

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