Reference no: EM133154593
Questions -
Q1. What are the main differences between financial accounting and management accounting?
Q2. Explain the three key processes in management accounting and the two types of overhead management processes that are the focus on Management accounting.
Q3. Explain the formula for the cost of goods manufactured.
Q4. Explain how costs flow from financial accounting to management accounting?
Q5. Define controlling objects, and identify some examples.
Q6. Explain the difference between a real object and a statistical object.
Q7. How many real postings and statistical postings can a single transaction generate?
Q8. Explain the differences between periodic activity allocation and internal activity allocation.
Q9. Explain the assessment and distribution techniques of periodic allocation highlighting the key differences between the two.
Q10. What is the primary enterprise structure that is discussed in this chapter?
Q11. What are the pros and cons of the decentralized and centralized models of cost accounting?
Q12. Explain the differences among controlling area currency, object currency, and transaction currency.
Q13. What is the purpose of number ranges in management accounting?
Q14. What are the key activities involved in settlement, and how are they executed?
Q15. Discuss the primary purpose of internal order accounting and explain the use of the three internal order types highlighted in this chapter.
Q16. Define and explain the two types of cost elements.
Q17. Explain standard hierarchy, cost center groups, and cost centers.
|
How much he pay each month
: He must pay back the loan over 9 years with uniform monthly payments due every first day of the month. How much he pay each month
|
|
What amount should hy capitalize for patents
: Hy Corp. bought Patent A for $40,000 and Patent B for $60,000. What amount should Hy capitalize for patents
|
|
What amount should corbet report as amortization expense
: Coroet expects to sell the book for five years. What amount should Corbet report as amortization expense related to the copyright at the end of the current year
|
|
What is the amount of the patent amortization expense
: On December 31, Year2, Anchor Products has a patent shown on its balance sheet for $96,000. What is the amount of the patent amortization expense
|
|
Explain the formula for the cost of goods manufactured
: What are the main differences between financial accounting and management accounting? Explain the formula for the cost of goods manufactured
|
|
What the cost of goods sold as percentage
: Shelcal, Inc. provides the following data for the year 2019: Net Sales Revenue 437,690. What the cost of goods sold as a percentage of net sales revenue
|
|
Prepare a cash budget for xyz company for the month of june
: The company pays a commission to their sales manager equal to 5% of monthly sales revenue. Prepare a Cash Budget for XYZ COMPANY for the month of JUNE
|
|
Calculate django co january break-even point in units
: Django Co. has predicted January sales of 10,000 units with total revenues of $45,000, Calculate Django Co January break-even point in units
|
|
Determine the amount of the manufacturing overhead rate
: XYZ company shows that its WIP has a balance of P2,400 at the end of the accounting period. Determine the amount of the manufacturing overhead rate
|