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ACC 349 Endless Education /newtonhelp.com

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For more course tutorials visit www.newtonhelp.com What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why? – PowerPoint PPT presentation

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Title: ACC 349 Endless Education /newtonhelp.com


1
ACC 340 Endless Education /newtonhelp.com
2
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Discussion 4
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are the differences between variable and
    absorption costing? Why is variable costing not
    allowed for GAAP reporting? Which method is more
    useful for internal decision making? Why? As a
    manager, which would you prefer? Why?

3
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Discussion 5
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • For what is cost-volume-profit (CVP) analysis
    used? What are some main underlying assumptions
    that make CVP analysis useful for decision
    makers? Why might decision makers use CVP
    analysis? What is contribution margin? What is
    break even point? How are these used?

4
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Discussion 6
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are some main differences between financial
    and managerial accounting? How do these
    differences affect the type of information that
    must be gathered and reported? What different
    types of decisions must users of financial
    accounting information make? What different types
    of decisions must users of managerial accounting
    information make? How does managerial accounting
    apply to your career? What is the code of
    conduct for managerial accountants?

5
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Discussion 7
  • For more course tutorials visit
  • www.newtonhelp.com
  • What are the cost classifications for assigning
    cost to cost objects? What are the cost
    classifications for manufacturing companies?
    What are cost classifications for preparing
    financial statements? What are cost
    classifications for predicting cost behavior?
    What are mixed cost?

6
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Discussion 8
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What is a master budget? What are some underlying
    budgets that form the master budget? What are
    the advantages of budgeting? What is the
    budgeting process at your organization? Is it
    effective? Why or why not?

7
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Discussion 9
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are the characteristics of a flexible
    budget? How does a flexible budget work? Do you
    have experience with this type of budgeting?

8
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Discussion 10
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are some of the potential problems with
    standard cost? Please explain your thoughts

9
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Entire Course
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 349 Week 1 Individual Assignment BYP 1-7,
    E1-7
  • ACC 349 Week 1 Discussion Question 1
  • ACC 349 Week 1 Discussion Question 2
  • ACC 349 Week 2 Individual Assignment Assignments
    CH 2 3
  • ACC 349 Week 2 Team Assignment Problems Ch. 2 3

10
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Final Exam Guide (New 2017 with Excel
    sheet)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Excel Sheet can be used for any change in values,
    it automatically gives correct answers
  • 1.
  • The following costs were incurred in September
  • Direct materials 42,700
  • Direct labor 29,400
  • Manufacturing overhead 27,300
  • Selling expenses 23,600
  • Administrative expenses 33,700

11
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Final Exam Guide
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • 1) What does cost accounting measure, record, and
    report?
  •  
  • 2) What is the best way to handle manufacturing
    overhead costs in order to get the most timely
    job cost information?
  •  

12
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Wee 5 Team Assignment Part 3 (Jeemp
    Farms)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • You have completed the analysis of ABC and
    determined whether it is a good option for Jeemp
    Farms.
  • Create a 5- to 10-slide presentation with speaker
    notes for Jeemp Farms management that addresses
    the following
  • Explain ABC costing and how it is different than
    traditional costing.
  • Explain the advantages/disadvantages of using ABC
    costing.
  • Define the terminology that is used in an ABC
    costing system.

13
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 1 Discussion Question 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are some of the key differences between
    financial and managerial accounting? How do these
    differences impact the type of information that
    must be gathered and reported? What are the
    different types of decisions that users of
    financial accounting information must make? What
    are the different types of decisions that users
    of managerial accounting information must make?

14
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 1 Discussion Question 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are the differences between a direct cost
    and an indirect cost? Which is the more difficult
    cost to track? Why? How do indirect costs affect
    the cost of a product? Should indirect costs be
    included in product cost? Why or why not?

15
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 1 Individual Assignment BYP 1-7,
    E1-7
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following
    assignments from Ch. 1 of Managerial Accounting
    Tools for Business Decision Making
  • Exercise E1-7 exercise 7 only
  • Ethics Case BYP 1-7 case 7 only

16
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 1 Lab Problems
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Week 1
  • Question 1 Segregation of duties
  • is a preventive control
  • is a detective control
  • separates responsibilities for authorizing
    transactions, recording transactions, and
    maintaining custody of the related assets

17
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 2 Connect Problems (with Excel
    Sheet)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • This Tutorial contains Excel Sheet which can be
    used for any values
  • Week 2
  • Question 1 The Hartford Symphony Guild is
    planning its annual dinnerdance. The dinnerdance
    committee has assembled the following expected
    costs for the event

18
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 2 Discussion Question 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What is activity-based costing? What are some of
    the key elements of activity-based costing? How
    does this method differ from a more traditional
    costing method?

19
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 2 Discussion Question 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are value-added processes? How do you
    determine if a process adds value? How does
    identification of value-added processes help a
    company run more efficiently and effectively?

20
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 2 Individual Assignment Assignments
    CH 2, 3
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following
    assignments from Managerial Accounting Tools for
    Business Decision Making
  • Ch. 2 Exercises E-2-6 and E2-9
  • Ch. 3 Exercises E3-5 and E3-9
  • Ch. 3 Questions 2 and 3

21
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 2 Lab Problems
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Week 2
  • Question 1 The Hartford Symphony Guild
    is planning its annual dinnerdance. The
    dinnerdance committee has assembled the following
    expected costs for the event

22
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 2 Team Assignment Case Study BYP 2-2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following case
    study from Ch. 2 of Managerial Accounting Tools
    for Business Decision Making
  • Managerial Analysis BYP 2-2

23
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 2 Team Assignment Problems Ch 2 and
    3
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following
    problems from Managerial Accounting Tools for
    Business Decision Making
  • Ch. 2 Problem P2-4A
  • Ch. 3 Problem P3-3A

24
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 3 Discussion Question 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • For what is cost-volume-profit (CVP) analysis
    used? What are some of the key underlying
    assumptions that make CVP analysis useful for
    decision makers? Why might decision makers use
    CVP analysis?

25
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 3 Discussion Question 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are the differences between variable and
    absorption costing? Why is variable costing not
    allowed for GAAP reporting? Which method is more
    useful for internal decision-making? Why? As a
    manager, which would you prefer? Why?

26
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 3 Individual Assignment Article
    Analysis Summary
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Use the Internet or other credible resources to
    find an article relevant to activity-based
    costing (ABC), job costing, or process costing.

27
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 3 Individual Assignment Assignments
    Ch. 4
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following
    assignments from Ch. 4 of Managerial Accounting
    Tools for Business Decision Making
  • Exercises E4-10 and E4-11
  • Questions 13 and 14

28
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 3 Team Assignment Case Study Ch. 4
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following case
    study from Ch. 4 of Managerial Accounting Tools
    for Business Decision Making
  • Managerial Analysis BYP 4-2

29
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 3 Team Assignment Part 1 (Jeemp
    Farms)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Read the following scenario below
  • Leighton Beridon owns "Jeemp Farms", located near
    Weimar, TX. The farm produces pecan trees and
    sod. He has so many orders from the Houston
    metropolitan area that he is able to sell all his
    inventory each year, but he is not netting as
    much as he has in past years.

30
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 3 Team Assignment Problems Ch. 4
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following
    problems from Ch. 4 of Managerial Accounting
    Tools for Business Decision Making
  • Problems P4-3A and P4-4A

31
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 4 Connect Problems (with Excel
    Sheet)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • This Tutorial contains Excel Sheet which can be
    used for any values
  • Q-1
  • Puget Sound Divers is a company that provides
    diving services such as underwater ship repairs
    to clients in the Puget Sound area. The companys
    planning budget for May appears below
  • During May, the companys activity was actually
    340 diving-hours. Complete the following flexible
    budget for that level of activity.

32
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 4 Discussion Question 1
  • For more course tutorials visit
  • www.newtonhelp.com
  • What are some of the advantages and disadvantages
    of standard costs? How do managers determine what
    the standard cost should be? Describe the effect
    of inaccurate standard costs on financial
    reporting.

33
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 4 Discussion Question 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • When should variances be investigated? Who should
    be responsible for correcting a negative
    variance? Why? What are some factors that can
    lead to variances? How can variances be corrected?

34
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 4 Individual Assignment Ch. 5 and 6
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following
    assignments from Managerial Accounting Tools for
    Business Decision Making
  • Ch. 5 Exercises E5-1 and E5-9
  • Ch. 6 Exercises E6-7 and E6-10

35
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 4 Team Assignment Case Study Ch. 6
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following case
    study from Ch. 6 of Managerial Accounting Tools
    for Business Decision Making
  • Managerial Analysis BYP 6-2

36
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 4 Team Assignment Part 2 (Jeemp
    Farms)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Mr.Beridon received your requests for information
    and returned data which you have compiled in an
    Microsoft Excel spreadsheet (see document
    template). He also said, "We grow sod and trees
    at Jeemp Farms. We sell the sod mainly to home
    builders in the area, although we sell to some
    individuals who are purchasing square footages to
    re-sod their yard. Many home builders will
    purchase to sod an entire subdivision.

37
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 4 Team Assignment Problems Ch. 7
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following
    problems from Ch. 7 of Managerial Accounting
    Tools for Business Decision Making
  • Problem P7-1A

38
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 5 Connect Problems (With Excel
    Sheet)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • This Tutorial contains Excel Sheet which can be
    used for any change in values, get your 100
    score with our sheet
  • Week 5
  • Question 1 Huron Company produces a
    commercial cleaning compound known as Zoom. The
    direct materials and direct labor standards for
    one unit of Zoom are given below

39
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 5 Discussion Question 1
  • For more course tutorials visit
  • www.newtonhelp.com
  • What is a master budget? What are some of the
    underlying budgets that form the master budget?
    What is the budgeting process at your
    organization? Is it effective? Why or why not?

40
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 5 Discussion Question 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What is the difference between external and
    internal pricing? What factors must be considered
    when setting internal transfer pricing between
    divisions of a company? What are the different
    methods of setting internal transfer pricing?
    Which is the most effective? Why?

41
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 5 Individual Assignment Ch. 8, 9 and
    11
  • For more course tutorials visit
  • www.newtonhelp.com
  • Prepare written responses to the following
    assignments from Managerial Accounting Tools for
    Business Decision Making
  • Ch. 8 Exercises E8-11
  • Ch. 9 Brief Exercises BE9-6 and BE9-8
  • Ch. 11 Questions 2 and 11

42
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 5 Signature Assignment Ethics on the
    Job (2 Papers)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • This Tutorial contains 2 Papers
  • About Your Signature Assignment
  • Signature/Benchmark Assignments are designed to
    align with specific program student learning
    outcome(s) in your program. Program Student
    Learning Outcomes are broad statements that
    describe what students should know and be able to
    do upon completion of their degree.

43
ACC 349 Endless Education /newtonhelp.com
  • ACC 349 Week 5 Team Assignment Problems Ch. 8 and
    11
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Prepare written responses to the following
    problems from Managerial Accounting Tools for
    Business Decision Making
  • Ch. 8 Problem P8-2A
  • Ch. 11 Problem P11-4A

44
ACC 349 Endless Education /newtonhelp.com
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