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?
3) At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation?
4) Which of the following would be accounted for using a job order cost system?
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ACC 349 Week 1 Discussion Question 1
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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?
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ACC 349 Week 1 Discussion Question 2
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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?
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
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ACC 349 Week 2 Discussion Question 1
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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?
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ACC 349 Week 2 Discussion Question 2
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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?
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
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ACC 349 Week 2 Team Assignment Case Study BYP 2-2
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Prepare written responses to the following case study from Ch. 2 of Managerial Accounting Tools for Business Decision Making
Managerial Analysis BYP 2-2
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ACC 349 Week 3
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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?
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
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ACC 349 Week 3 Team Assignment Problems Ch. 4
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Prepare written responses to the following problems from Ch. 4 of Managerial Accounting Tools for Business Decision Making
Problems P4-3A and P4-4A
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ACC 349 Week 4 Discussion Question 1
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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
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ACC 349 Week 4 Discussion Question 2
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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?
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ACC 349 Week 4 Individual Assignment Ch. 5 and 6
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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
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ACC 349 Week 4 Team Assignment Case Study Ch. 6
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Prepare written responses to the following case study from Ch. 6 of Managerial Accounting Tools for Business Decision Making
Managerial Analysis BYP 6-2
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ACC 349 Week 4 Team Assignment Problems Ch. 7
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Prepare written responses to the following problems from Ch. 7 of Managerial Accounting Tools for Business Decision Making
Problem P7-1A
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ACC 349 Week 5 Discussion Question 1
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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?
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ACC 349 Week 5 Discussion Question 2
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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?
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ACC 349 Week 5 Team Assignment Problems Ch. 8 11
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Prepare written responses to the following problems from Managerial Accounting Tools for Business Decision Making
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