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ACC 349 Experience Tradition/newtonhelp.com

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For more course tutorials visit uophelp.com is now newtonhelp.com 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 Experience Tradition/newtonhelp.com


1
ACC 349 Experience Tradition //newtonhelp.com
2
ACC 349 Discussion 4
  • For more course tutorials visit
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  •  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 Discussion 5
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  •  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 Discussion 6
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  •  
  • 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?

5
ACC 349 Discussion 7
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  • 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 Discussion 8
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  •  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 Discussion 9
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  •  
  • 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 Discussion
10
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  • What are some of the potential problems with
    standard cost? Please explain your thoughts

9
ACC 349 Entire Course
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  •    
  • 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 Final Exam Guide (New
2017 with Excel sheet)
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  •  
  • Excel Sheet can be used for any change in values,
    it automatically gives correct answers
  • The following costs were incurred in September
  • Direct materials 42,700
  • Direct labor 29,400

11
ACC 349 Final Exam
Guide
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  •    
  • 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 Wee 5 Team Assignment
Part 3 (Jeemp Farms)
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  • 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 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?

14
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?

15
ACC 349 Week 1 Individual
Assignment BYP 1-7, E1-7
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  •  
  • 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 Week 1 Lab
Problems
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  • Week 1
  • Question 1 Segregation of duties
  • is a preventive control
  • is a detective control

17
ACC 349 Week 2 Connect
Problems (with Excel Sheet)
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  • This Tutorial contains Excel Sheet which can be
    used for any values
  • Week 2
  •  

18
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?

19
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?
  •  
  •  

20
ACC 349 Week 2
Individual Assignment Assignments CH 2,
3
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  •  
  •  
  • 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
  •  

21
ACC 349 Week 2 Lab
Problems
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  • 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 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

23
ACC 349 Week 2
Team Assignment Problems Ch 2 and
3
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  • 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 Week 3
Discussion Question 1
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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?

25
ACC 349 Week 3
Discussion Question 2
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  •  
  • 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 Week
3 Individual Assignment Article Analysis
Summary
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  •  
  • Use the Internet or other credible resources to
    find an article relevant to activity-based
    costing (ABC), job costing, or process costing.
  • Write a 125-word summary of the article.

27
ACC 349
Week 3 Individual Assignment Assignments Ch.
4
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  • 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
Week 3 Team Assignment Case Study Ch.
4
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  •  
  • 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
Week 3 Team Assignment Part 1 (Jeemp
Farms)
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  •  
  •  
  • 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. His daughter,
    LieslBeridon, came home from college over
    Thanksgiving and mentioned ABC costing,

30
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

31
ACC 349
Week 4 Connect Problems (with Excel
Sheet)
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  • This Tutorial contains Excel Sheet which can be
    used for any values
  • Q-1
  • Puget Sound Divers is a company that provides

32
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.

33
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?

34
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

35
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

36

ACC 349 Week 4 Team Assignment Part 2 (Jeemp
Farms)
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  •  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

37

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

38

ACC 349 Week 5 Connect Problems (With Excel
Sheet)
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  •  
  •  
  • This Tutorial contains Excel Sheet which can be
    used for any change in values, get your 100
    score with our sheet
  • Week 5

39

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?

40

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?

41

ACC 349 Week 5 Individual Assignment Ch. 8,
9 and 11
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  • 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 Week 5 Signature Assignment Ethics
on the Job (2 Papers)
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  • 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 Week 5 Team Assignment Problems
Ch. 8 and 11
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  •  
  • 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 Experience Tradition //newtonhelp.com
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