Question
What Managerial accounting is & how it works in business & organization? Cost of goods & manufacturing, how it works & its components? Product cost
- What Managerial accounting is & how it works in business & organization?
- Cost of goods & manufacturing, how it works & its components?
- Product cost VS. period cost:
- Calculate cost of goods sold:
- Calculate cost of goods manufactured:
- What process & job cost is and the difference?
- Job cost sheet is?
- Journal entries for job & process costing?
- Material requisition is & journal entries for those:
- Calculate predetermine rate:
- Overapplied & underapplied for manufacturing overhead:
- What it means Equivalent units of production:
- Production cost reports are:
- Calculate manufacturing overhead using predetermine rate:
- Equivalent units are & what they are for material & conversion:
- Calculate How many units need to produce when they give you your beginning process and working process?
- What Variable cost is:
- What Fixed cost are:
- What Mixed cost are:
- Calculate contribution margin Per unit.
- 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 its useful
25. What a Financial budget is:
26. What a 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 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 on 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 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 to whether to accept or not accept an order?
43. Steps in decision making process:
44. Management makes decisions based on financial and non-financial information.
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