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ACC 349 Education on your terms / snaptutorial.com

ACC 349 Discussion 4<br> <br>For more classes visit<br>www.snaptutorial.com<br><br>What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting

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ACC 349 Education on your terms / snaptutorial.com

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  1. ACC 349 Education on your terms/snaptutorial.com

  2. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Discussion 4 • For more classes visit • www.snaptutorial.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 Education on your terms/snaptutorial.com • ACC 349 Discussion 5 • For more classes visit • www.snaptutorial.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 Education on your terms/snaptutorial.com ACC 349 Discussion 6 For more classes visit www.snaptutorial.com What are some main differences between financial and managerial accounting? How do these differences affect the type of information that must be

  5. ACC 349 Education on your terms/snaptutorial.com ACC 349 Discussion 6 For more classes visit www.snaptutorial.com What are some main differences between financial and managerial accounting? How do these differences affect the type of information that must be

  6. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Discussion 7 • For more classes visit • www.snaptutorial.com • What are the cost classifications for assigning cost to cost objects? What are the cost classifications for manufacturing companies?

  7. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Discussion 8 • For more classes visit • www.snaptutorial.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?

  8. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Discussion 9 • For more classes visit • www.snaptutorial.com • What are the characteristics of a flexible budget? • How does a flexible budget work?

  9. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Discussion 10 • For more classes visit • www.snaptutorial.com • What are some of the potential problems with standard cost? Please explain your thoughts • ===============================================

  10. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Entire Course • For more classes visit • www.snaptutorial.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 • ACC 349 Week 2 Team Assignment Case Study BYP 2-2 • ACC 349 Week 2 Discussion Question 1

  11. ACC 349 Education on your terms/snaptutorial.com ACC 349 Final Exam Guide (New 2018 with Excel sheet) For more classes visit www.snaptutorial.com Excel Sheet can be used for any change in values, it automatically gives correct answers 1.

  12. ACC 349 Education on your terms/snaptutorial.com ACC 349 Final Exam Guide For more classes visit www.snaptutorial.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? 3) At the end of the year, manufacturing overhead has been overapplied. What o

  13. ACC 349 Education on your terms/snaptutorial.com ACC 349 Week 1 Discussion Question 1 For more classes visit www.snaptutorial.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 informatio

  14. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 1 Discussion Question 2 • For more classes visit • www.snaptutorial.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 Education on your terms/snaptutorial.com • ACC 349 Week 1 Discussion Question 2 • For more classes visit • www.snaptutorial.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?

  16. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 1 Individual Assignment BYP 1-7, E1-7 • For more classes visit • www.snaptutorial.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

  17. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 1 Lab Problems • For more classes visit • www.snaptutorial.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

  18. ACC 349 Education on your terms/snaptutorial.com ACC 349 Week 2 Connect Problems (with Excel Sheet) For more classes visit www.snaptutorial.com This Tutorial contains Excel Sheet which can be used for any values Week 2 •

  19. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 2 Discussion Question 1 • For more classes visit • www.snaptutorial.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?

  20. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 2 Discussion Question 2 • For more classes visit • www.snaptutorial.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?

  21. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 2 Individual Assignment Assignments CH 2, 3 • For more classes visit • www.snaptutorial.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

  22. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 2 Lab Problems • For more classes visit • www.snaptutorial.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:

  23. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 2 Team Assignment Case Study BYP 2-2 • For more classes visit • www.snaptutorial.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

  24. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 2 Team Assignment Problems Ch 2 and 3 • For more classes visit • www.snaptutorial.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

  25. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 3 Connect Problems (with Excel Sheet) • For more classes visit • www.snaptutorial.com • This Tutorial contains Excel Sheet which can be used for any values • Q-1 • Lehner Corporation has provided the following data from its activity-based costing accounting system: • Indirect factory wages $552,000 • Factory equipment depreciation $332,000

  26. ACC 349 Education on your terms/snaptutorial.com • ACC 349 Week 3 Discussion Question 1 • For more classes visit • www.snaptutorial.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?

  27. ACC 349 Education on your terms/snaptutorial.com

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