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Basics of Cost-Volume-Profit Analysis The contribution income statement is helpful to managers in judging the impact on profits of changes in selling price, cost, or volume. The emphasis is on cost behavior.

16 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 1101 | Lượt tải: 1

Matrix, Inc. wants to know its average fixed cost and variable cost per meals served. Using the data to the right, let’s see how to do a regression using Microsoft Excel.

13 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 954 | Lượt tải: 1

Chapter 2: Managerial Accounting and Cost Concepts This chapter explains how managers need to rely on different cost classifications for different purposes. The four main purposes emphasized in this chapter include preparing external financial reports, predicting cost behavior, assigning costs to cost objects, and decision making. We’ll begin by ...

19 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 938 | Lượt tải: 1

What is Managerial Accounting? There are seven key differences between financial accounting and managerial accounting: Users: Financial accounting reports are prepared for external parties, whereas managerial accounting reports are prepared for internal users. Emphasis on the future: Financial accounting summarizes past transactions. Managerial ...

18 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 1048 | Lượt tải: 1

A service department such as the Personnel Department or the Cafeteria must exist in order for an organization to carry out its primary function. Therefore, the cost of running a service department is part of the cost incurred by the organization in producing goods or services. In order to determine the cost of those goods or services, all serv...

26 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 1221 | Lượt tải: 1

Net-Present-Value Method 1. Prepare a table showing cash flows for each year, 2. Calculate the present value of each cash flow using a discount rate, 3. Compute net present value, 4. If the net present value (NPV) is zero or positive, accept the investment proposal. Otherwise, reject it.

30 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 815 | Lượt tải: 1

Setting the price for an organization’s product or service is one of the most important decisions a manager faces. It is also one of the most difficult, due to the number and variety of factors that must be considered. Customer demand is a very important consideration in pricing decisions. Decisions regarding customers mean that management mus...

23 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 933 | Lượt tải: 1

Accounting data is typically kept in quantitative measures, and, is important in the decision–making process. Managers must use their skills, their judgment and their ethics to make difficult decisions. While involved in all stages of the decision-making process, the managerial accountant’s primary role is to provide quantitative data and analys...

24 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 1067 | Lượt tải: 1

As organizations grow, decision-making must be pushed down to lower level managers. Organizations often decentralize into subunits to take advantage of the specialized skills and talents of their sub-managers. (LO1)

23 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 1087 | Lượt tải: 1

Most organizations are divided into smaller units or departments, each of which is assigned particular responsibilities. Each department is made up of individuals who are responsible for particular tasks or managerial functions. Goal congruence results when the managers of subunits throughout an organization strive to achieve the goals set by t...

22 trang | Chia sẻ: nguyenlinh90 | Ngày: 19/07/2019 | Lượt xem: 896 | Lượt tải: 1