100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
Solution Manual For Managerial Accounting 18th Edition By Ray Garrison , Eric Noreen , Peter Brewer| €16,96
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. MANAGERIAL ACCOUNTING 18TH EDITION
  4.  
  5. MANAGERIAL ACCOUNTING 18TH EDITION

Tentamen (uitwerkingen)

Solution Manual For Managerial Accounting 18th Edition By Ray Garrison , Eric Noreen , Peter Brewer|
 5 keer verkocht
  • Vak
  • MANAGERIAL ACCOUNTING 18TH EDITION
  • Instelling
  • MANAGERIAL ACCOUNTING 18TH EDITION
  • Boek
  • Managerial Accounting

Solution Manual For Managerial Accounting 18th Edition By Ray Garrison , Eric Noreen , Peter Brewer| Chapter 1 Managerial Accounting and Cost Concepts Questions 1-1 The three major types of product costs in a manufacturing company are direct materials, direct labor, and manufacturing overhead. 1-2 ...

[Meer zien]

Voorbeeld 4 van de 1239  pagina's

Document informatie

  • 6 juni 2024
  • 1239
  • 2023/2024
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • managerial accounting 18th edition

Gekoppeld boek

book image

Titel boek:

Auteur(s):

  • Uitgave:
  • ISBN:
  • Druk:

Geschreven voor

  • MANAGERIAL ACCOUNTING 18TH EDITION
  • MANAGERIAL ACCOUNTING 18TH EDITION

Verkoper

avatar-seller
Benjaminhuston

Ontvangen beoordelingen

Voorbeeld van de inhoud

Chapter 1
Managerial Accounting and Cost Concepts

Questions


1-1 The three major types of product costs 1-4
in a manufacturing company are direct a. Variable cost: The variable cost per unit is
materials, direct labor, and manufacturing constant, but total variable cost changes in
overhead. direct proportion to changes in volume.
b. Fixed cost: The total fixed cost is constant
1-2 within the relevant range. The average fixed
a. Direct materials are an integral part of a cost per unit varies inversely with changes
finished product and their costs can be in volume.
conveniently traced to it. c. Mixed cost: A mixed cost contains both
b. Indirect materials are generally small variable and fixed cost elements.
items of material such as glue and nails. They
may be an integral part of a finished product but 1-5
their costs can be traced to the product only at a. Unit fixed costs decrease as the activity level
great cost or inconvenience. increases.
c. Direct labor consists of labor costs that b. Unit variable costs remain constant as the
can be easily traced to particular products. activity level increases.
Direct labor is also called ―touch labor.‖ c. Total fixed costs remain constant as the
d. Indirect labor consists of the labor costs activity level increases.
of janitors, supervisors, materials handlers, and d. Total variable costs increase as the activity
other factory workers that cannot be level increases.
conveniently traced to particular products.
These labor costs are incurred to support 1-6
production, but the workers involved do not a. Cost behavior: Cost behavior refers to the
directly work on the product. way in which costs change in response to
e. Manufacturing overhead includes all changes in a measure of activity such as
manufacturing costs except direct materials and sales volume, production volume, or orders
direct labor. Consequently, manufacturing processed.
overhead includes indirect materials and indirect b. Relevant range: The relevant range is the
labor as well as other manufacturing costs. range of activity within which assumptions
about variable and fixed cost behavior are
1-3 A product cost is any cost involved in valid.
purchasing or manufacturing goods. In the case
of manufactured goods, these costs consist of 1-7 An activity base is a measure of
direct materials, direct labor, and manufacturing whatever causes the incurrence of a variable
overhead. A period cost is a cost that is taken cost. Examples of activity bases include units
directly to the income statement as an expense produced, units sold, letters typed, beds in a
in the period in which it is incurred. hospital, meals served in a cafe, service calls
made, etc.

1-8 The linear assumption is reasonably
valid providing that the cost formula is used only
within the relevant range.

© McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw Hill LLC.
Managerial Accounting 18th Edition, Solutions Manual, Chapter 1 1

,1-9 A discretionary fixed cost has a fairly 1-11 The traditional approach organizes costs
short planning horizon—usually a year. Such by function, such as production, selling, and
costs arise from annual decisions by administration. Within a functional area, fixed
management to spend on certain fixed cost and variable costs are intermingled. The
items, such as advertising, research, and contribution approach income statement
management development. A committed fixed organizes costs by behavior, first deducting
cost has a long planning horizon—generally variable expenses to obtain contribution margin,
many years. Such costs relate to a company’s and then deducting fixed expenses to obtain net
investment in facilities, equipment, and basic operating income.
organization. Once such costs have been
incurred, they are ―locked in‖ for many years. 1-12 The contribution margin is total sales
revenue less total variable expenses.
1-10 Yes. As the anticipated level of activity
changes, the level of fixed costs needed to 1-13 A differential cost is a cost that differs
support operations may also change. Most fixed between alternatives in a decision. A sunk cost
costs are adjusted upward and downward in is a cost that has already been incurred and
large steps, rather than being absolutely fixed at cannot be altered by any decision taken now or
one level for all ranges of activity. in the future. An opportunity cost is the potential
benefit that is given up when one alternative is
selected over another.

1-14 No, differential costs can be either
variable or fixed. For example, the alternatives
might consist of purchasing one machine rather
than another to make a product. The difference
between the fixed costs of purchasing the two
machines is a differential cost.




© McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw Hill LLC.
Managerial Accounting 18th Edition, Solutions Manual, Chapter 1

,Chapter 1: Applying Excel
The completed worksheet is shown below.




Copyright © 2024 McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw Hill LLC.
Managerial Accounting 18th Edition, Solutions Manual, Chapter 1 3

, Chapter 1: Applying Excel (continued)
The completed worksheet, with formulas displayed, is shown below.




[Note: To display formulas in cells instead of their calculated amounts,
consult Excel Help.]




© McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent
of McGraw Hill LLC.
Managerial Accounting 18th Edition, Solutions Manual, Chapter 1

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Benjaminhuston. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €16,96. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 63950 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Begin nu gratis

Laatst bekeken door jou

Tentamen (uitwerkingen) ·

(0)

NR 326 MIDTERM AND FINAL EXAM FALL-SPRING WITH NEXT GENERATION NCLEX APPROVED QUESTION GRADED A+

Tentamen (uitwerkingen) ·

(0)

Chapter 25: The Child with Cancer Hockenberry: Wong’s Essentials of Pediatric Nursing, 10th Edition

Tentamen (uitwerkingen) ·

(1)

Test Bank For Abrams’ Clinical Drug Therapy Rationales for Nursing Practice 12th Edition Geralyn

Tentamen (uitwerkingen) ·

(0)

MED SURG 2 HESI TEST BANK 2022-2023 REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|AGRADE

Tentamen (uitwerkingen) ·

(0)

Test Bank for Fundamental Statistics for the Behavioral Sciences 9th Edition by David C. Howell

Tentamen (uitwerkingen) ·

(0)

Small Bowel Obstruction (General Surgery EOR - Smarty PANCE) Exam Questions and Answers 100% Correct

Tentamen (uitwerkingen) ·

(0)

TEST BANK FOR FINANCIAL ACCOUNTING, 16TH EDITION, CARL WARREN, CHRISTINE JONICK, JENNIFER SCHNEIDER

Tentamen (uitwerkingen) ·

(0)

Test Bank for Shelly Cashman Series® Microsoft® Office 365® & Outlook 2019 Comprehensive, 1st Edition

Tentamen (uitwerkingen) ·

(0)

RBS Exam 2024 questions and answers 100% with 100% Complete Solutions |verified |verified &updated 2024

€16,96  5x  verkocht
  • (0)
In winkelwagen
Toegevoegd