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Summary Intermediate Management Accounting (IMA) Calculations $3.21
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  3. Universiteit Van Amsterdam (UvA)
  4.  
  5. Intermediate Management Accounting

Summary

Summary Intermediate Management Accounting (IMA) Calculations

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 158 views  4 purchases
  • Course
  • Intermediate Management Accounting
  • Institution
  • Universiteit Van Amsterdam (UvA)

Calculations IMA! (Got me a 7 :) on my final exam!) There is a scheme (page 4) with the calculation of the three variances. If you fill in this scheme, you will have the answer to ONE FULL QUESTION (so with sub-questions) of the exam!

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Document information

  • October 14, 2016
  • 5
  • 2015/2016
  • Summary

Subjects

  • ima
  • amsterdam
  • management
  • accounting
  • intermediate
  • universiteit
  • berekeningen
  • cogs
  • efficiency
  • calculations
  • formules
  • handig
  • uva
  • intermediate management accounting
  • summary
  • samenvatting

Written for

  • Universiteit van Amsterdam (UvA)
  • Economie
  • Intermediate Management Accounting
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By: joannavoortman • 6 year ago

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Content preview

WEEK 1 + 2

Cost of Goods Sold Beginning Stock FG + Purchases – Ending Stock
FG
Cost of Goods Manufactured Beginning WIP + Total Manufacturing Costs –
Ending WIP
Total Manufacturing Costs Raw Materials Used + Other Manufacturing
Costs
Raw Materials Used Beginning Stock RM + RM Purchased – Ending
Stock RM
Allocation Rate Costs to Allocate/Allocation rate base


FIFO Weighted Average
1 Summarize the Flow of Physical Units Summarize the Flow of Physical Units
2 Calculate Output in Terms of Equivalent Units Compute Output in Terms of Equivalent Units
3 Calculate Equivalent-Unit Costs Compute Equivalent Unit Costs
4 Summarize Total Costs to Account For Summarize Total Costs to Account For
5 Assign Total Costs to Units Completed and Assign Costs to Units Completed and Units in
Closing WIP Closing WIP


COGS Weighted-Average
Units Transferred Out
WIP Ending +
= Equivalent Units
Costs WIP
Costs Incurred This Period +
= Total Costs
Total Costs/Equivalent Units = Costs Per Equivalent Unit
COGS Ending Inventory = Costs Per Equivalent Unit * Units Transferred Out


COGS FIFO
Units Transferred Out
WIP Ending +
WIP Beginning -
= Equivalent Units
Costs WIP
Costs Incurred This Period +
= Total Costs
Total Costs/Equivalent Units = Costs Per Equivalent Unit
COGS Ending Inventory = Costs Per Equivalent Unit * Units Transferred Out

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