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Introduction and Cost Behavior

Week 1 DQ 1: Introduction and Cost Behavior – Discussion Cost Terms, Classifications, and Behavior (Graded) Welcome to our Week 1 Discussions! To get us started, let’s consider the following questions. 1) Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer? 2) Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or are the topics that we are learning only related…

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callable preferred stock

APA, no minimum word count Week 2 What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what type of stock would you want to buy personally and why? Review the roles of management accounting within a company. What is the most important role of management accounting? How is that different than financial accounting? Week 3 Describe three issues/problems that a company could encounter when trying…

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capital expenditure

Assignment: Complete the following problems. You must show your work on the math problems to get full credit. Every student is responsible for completing their own responses to the following problems. 1. Identify which of the following expenditures is considered as a capital expenditure that must be depreciated (capitalized): a)   Purchased land to build a new facility for $400,000. b)   Installed a water dispenser in a company dining area for $3250. c)   Purchased a spare part for a framing machine for $5,000. d)…

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total standard cost per unit

E11-3 Stefani Company has gathered the following information about its product. Direct materials. Each unit of product contains 4.5 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.5 pounds. Materials cost $5 per pound, but Stefani always takes the 2% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 2 hours of labor. Setup, cleanup, and downtime average 0.4 hours per unit. The average hourly pay…

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USING ACCOUNTING FOR DECISION MAKING

Read Chapter 8, Study Guide (‘We Have Got to Make Some Decisions’). Have you got the idea of how to do your SPAs now? The key is to focus on your own reactions and responses to the reading. Don’t just give the marker what you think they might want to hear. We do not want anything; we want to hear what you think about the concepts of budgeting in the reading, and why. This is so interesting to us….

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Disney Annual report

Use Disney Annual report and use to apply what we have learned this semester. Below are some concepts we covered but not all. Use your textbook (Intermediate Accounting 14th e, Kieso) for concepts we covered and show calculations for anything you do. You can separate by chapter on paper- remember to show all your work. For example: Chapter 14 Long Term Liabilities • Bond Transactions (Issuance, retirement) • Amortization schedules – effective interest method Chapter 15 Stockholders’ Equity •…

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managerial accounting

1,500–1,750 words (not including title page and references) Reminder: Initial Discussion Board posts due by Wednesday You have recently hired a new assistant, Susan Thompson, who previously worked in a financial accounting office preparing journal entries, which provide you with a recording of the day-to-day activities of the company and financial statements (income statement, statement of owners’ equity balance sheet, and cash flow statement). Although your new assistant has experience with and fully understands financial accounting, she has no…

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costing methods

1,500–1,750 words (not including title or reference pages) Reminder: Initial Discussion Board posts due by Wednesday Assignment As EEC’s corporate business financial analyst, you will need to have a clear understanding of the different types of costs (variable, fixed, and mixed) that the company carries. Complete the following for this assignment: Review EEC’s journal activity. Define and identify its variable, fixed, and mixed costs. Determine what affect a sales volume increase or decrease will have on unit fixed cost,…

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