Louis beaubien Study guides, Class notes & Summaries

Horngren's Cost Accounting: A Managerial Emphasis focuses on how cost accounting helps managers make better decisions, as cost accountants are integral members of an organization’s decision-making t eam. In order to emphasize this prominence in decision making, we focus on basic concepts, analyses, uses, and procedures instead of on procedures alone. It is important to recognize cost accounting as a managerial tool for business strategy and implementation. We also prepare students for the rew...

Test Bank for Cost Accounting: A Managerial Emphasis, 7th Canadian Edition, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

Cost Accounting: A Managerial Emphasis, 7th Canadian Edition - 3725 Total Questions Study Guide

Test Bank for Horngren's Cost Accounting A Managerial Emphasis 8th Canadian Edition Srikant M. Datar, Madhav V. Rajan, Louis Beaubien/ Test Bank for Horngren's Cost Accounting A Managerial Emphasis 8th Canadian Edition Srikant M. Datar, Madhav V. Rajan, Louis Beaubien

Test Bank for Cost Accounting: A Managerial Emphasis, 7th Canadian Edition, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan, Louis Beaubien, Chris Graham/ Test Bank for Cost Accounting: A Managerial Emphasis, 7th Canadian Edition, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan, Louis Beaubien, Chris Graham

Test Bank for Cost Accounting A Managerial Emphasis Canadian 7th Edition by Horngren

Summary of Chapter 4: Cost-Volume-Profit Analysis Objectives: 1. Calculate the unit contribution margin and the contribution margin ratio. 2. Use CVP analysis to find break-even points and target profit volumes. 3. Perform sensitivity analysis in response to changing business conditions. 4. Find break-even and target profit volumes for multiproduct companies. 5. Determine a firm’s margin of safety and operating leverage.

Summary of Chapter 5: Job Costing Objectives: 1. Distinguish between job costing and process costing. 2. Understand the flow of production and how direct materials and direct labour are traced to jobs. 3. Compute a predetermined manufacturing overhead (MOH) rate, and use it to allocate MOH to jobs. 4. Compute and dispose of overallocated or underallocated manufacturing overhead. 5. Determine the cost of a job, and use it to make business decisions. 6. Prepare journal entries for a manufacture...

Summary of Chapter 7: Activity Based Costing Objectives: 1. Develop and use departmental overhead rates to allocate indirect costs. 2. Develop and use activity based costing (ABC) to allocate indirect costs. 3. Understand the benefits and limitations of activity based costing and activity based management systems.

Summary of Chapter 1: Intro to Managerial Accounting Objectives: 1. Identify managers’ four primary responsibilities. 2. Distinguish financial accounting from managerial accounting. 3. Describe organizational structure and the roles and skills required of management accountants within the organization. 4. Describe the role of CPA Canada, and apply its guidelines for ethical behaviour. 5. Discuss and analyze the implications of regulatory and business trends. 6. Describe a lean production sy...