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List of Topics to Review : the question should be solved step by step please, with a clear hand writing. thank you. 2. Product costs

image text in transcribedList of Topics to Review : the question should be solved step by step please, with a clear hand writing.

thank you.

2. Product costs versus period costs 3. Formula for calculating cost of goods sold using cost of goods manufactured 4. Cost of Goods manufactured formula 5. Classify costs as variable, fixed, or mixed 6. CVP Income statement 7. Contribution Margin 8. Contribution Margin Ratio 9. Break Even units in dollars and units 10. Target net income in dollars and units 11. Weighted average CM ratio 12. CM per unit of limited resource 13. Cost structure 14. Degree of operating leverage 15. Retain/replace equipment 16. Keep or eliminate an unprofitable segment 17. Accept or reject a special order 18. Make or buy parts 19. Sell or process further 20. Know the information provided on each component of the master budget and how to prepare each one 21. Static and flexible budgets 22. Calculate flexible budget amounts 23. Controllable margin 24. Residual income 25. ROI 26. What are cost/profit/investment centers? 27. Standard costs- define and calculate 28. Calculate and ekplain variances 2. Product costs versus period costs 3. Formula for calculating cost of goods sold using cost of goods manufactured 4. Cost of Goods manufactured formula 5. Classify costs as variable, fixed, or mixed 6. CVP Income statement 7. Contribution Margin 8. Contribution Margin Ratio 9. Break Even units in dollars and units 10. Target net income in dollars and units 11. Weighted average CM ratio 12. CM per unit of limited resource 13. Cost structure 14. Degree of operating leverage 15. Retain/replace equipment 16. Keep or eliminate an unprofitable segment 17. Accept or reject a special order 18. Make or buy parts 19. Sell or process further 20. Know the information provided on each component of the master budget and how to prepare each one 21. Static and flexible budgets 22. Calculate flexible budget amounts 23. Controllable margin 24. Residual income 25. ROI 26. What are cost/profit/investment centers? 27. Standard costs- define and calculate 28. Calculate and ekplain variances

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