What are the similarities and differences between managerial and financial accounting?

What is the difference between product costs and period costs? How are they similar?

What are the requirements for allocating overhead cost? How is this used to determine a predetermined rate? How do managers use this information?

What is the difference between job-order and process costing? How are they similar and different for a manufacturing company and a service company?

How are equivalent units of production computed using the weighted-average method and the FIFO method? Describe situations in which each method is used by managers.

What are CVP relationships? Why is the break-even point important to these relationships? What factors must be considered in determining a break-even point? What type of events affect a break-even point?

Complete the following from Ch. 2: Exercises 2-3, 2-4, 2-5, 2-6, & 2-13.

Complete the following problems:

• Ch. 2: Problem 2-16 & 2-19

All work must be in a Microsoft Word or Excel document.

http://lectures.mhhe.com/narrated_slides/007802563x/chapter01/presentation_html5.html

http://lectures.mhhe.com/narrated_slides/007802563x/chapter02/presentation_html5.html

Title: Managerial Accounting

Edition: 15th

Author(s): Garrison, R., Noreen, E., & Brewer, P.

ISBN-13: 978-0-07-802563-1

Website: http://highered.mheducation.com/sites/007802563x/information_center_view0/index.html