Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.What Managerial accounting is & how it works in business & organization? 2.Cost of goods & manufacturing, how it works & its components? 3.Product cost

  1. 1.What Managerial accounting is & how it works in business & organization?
  2. 2.Cost of goods & manufacturing, how it works & its components?
  3. 3.Product cost VS. period cost:
  4. 4.Calculate cost of goods sold:
  5. 5.Calculate cost of goods manufactured:
  6. 6.What process & job cost is and the difference?
  7. 7.Job cost sheet is?
  8. 8.Journal entries for job & process costing?
  9. 9.Material requisition is & journal entries for those:
  10. 10.Calculate predetermine rate:
  11. 11.Overapplied & underapplied for manufacturing overhead:
  12. 12.What it means Equivalent units of production:
  13. 13.Production cost reports are:
  14. 14.Calculate manufacturing overhead using predetermine rate:
  15. 15.Equivalent units are & what they are for material & conversion:
  16. 16.Calculate How many units need to produce when they give you your beginning process and working process?
  17. 17.What Variable cost is:
  18. 18.What Fixed cost is:
  19. 19.What Mixed cost is:
  20. 20.Calculate contribution margin Per unit.
    1. 3. Methods ONLY need to know 2 of them: NOT the graph method.

21.How to calculate Break even: & definition of break-even

22. Calculate marginal safety:

23. CVP income statement is & how to calculate it :

24. What a Master budget is:

          Why we use budgets & why it's useful

25. What a Financial budget is:

26. What an Operating Budget is:

         Be able to know how to calculate sales based on those sales.

27. Calculate direct labor cost:

28. Question on cash: how to calculate the available cash?

29. example of cash: accounts receivable sales how much cash will receive?

30. Buy & how much cash in the bank & you have to calculate how much cash you need to borrow?

31. What to do with a budget once you have a variance:

32. What a Flexible budget is?

33. What Materiality means?

34. Some numbers on sales do calculate how many units need to produce?

35. Calculate manufacturing cost based on data on variable & fixed cost?

36. Flexible budget cost: how to calculate the difference of the flexible budget?

37. Difference between favorable & unfavorable dealing with standard cost & actual cost?

38. What is the standard cost?

39. Difference between budget VS. standard?

40. What happens when you replace old with new machines; what relevant information you need?

41. Incremental analysis is?

42. What is involved in whether to accept or not accept an order?

43. Steps in the decision-making process:

44. Management makes decisions based on financial and non-financial information.

Step by Step Solution

3.46 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

1 Managerial accounting is the practice of using financial data and analysis to inform business decisions It helps managers make better decisions by providing information on product costs overhead cos... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Healthcare Management Organization Design and Behavior

Authors: Lawton Burns, Elizabeth Bradley, Bryan Weiner

6th edition

1435488180, 978-1133418481, 1133418481, 978-1435488182

More Books

Students also viewed these Economics questions

Question

13. Let X be exponential with mean 1/; that is, fX (x) = ex , 0 1].

Answered: 1 week ago

Question

The Change Case button allows the following.

Answered: 1 week ago

Question

How many countries have adopted DRGs? Why?

Answered: 1 week ago