ACC 349 Course Inspiring Minds/ tutorialrank.com

ACC 349 Course Inspiring Minds/ tutorialrank.com
The Best way to predict the Future is to create it.....To Best way....

ACC 349 Discussion 4 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?

ACC 349 Discussion 5 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?

ACC 349 Discussion 6 What are some main differences between financial and managerial accounting? How do these differences affect the type of information that must be gathered and reported? What different types of decisions must users of financial accounting information make? What different types of decisions must users of managerial accounting information make? How does managerial accounting apply to your career? What is the code of conduct for managerial accountants?

ACC 349 Discussion 7 What are the cost classifications for assigning cost to cost objects? What are the cost classifications for manufacturing companies? What are cost classifications for preparing financial statements? What are cost classifications for predicting cost behavior? What are mixed cost?

ACC 349 Discussion 8 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?

ACC 349 Discussion 9 What are the characteristics of a flexible budget? How does a flexible budget work? Do you have experience with this type of budgeting?

ACC 349 Discussion 10 What are some of the potential problems with standard cost? Please explain your thoughts

ACC 349 Entire Course (UOP Course) ACC 349 Week 1 Individual Assignment BYP 1-7, E1-7 (UOP Course) ACC 349 Week 1 Discussion Question 1 (UOP Course) ACC 349 Week 1 Discussion Question 2 (UOP Course) ACC 349 Week 2 Individual Assignment Assignments CH 2 & 3 (UOP Course) ACC 349 Week 2 Team Assignment Problems Ch. 2 & 3 (UOP Course)

ACC 349 Final Exam Guide (UOP Course) 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 occurred to create this situation? 4) Which of the following would be accounted for using a job order cost system? 5) In a job order cost accounting system, the Work in Process account is

ACC 349 Week 1 Discussion Question 1 (UOP Course) 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 information must make? What are the different types of decisions that users of managerial accounting information must make?

ACC 349 Week 1 Discussion Question 2 (UOP Course) 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?

ACC 349 Week 1 Individual Assignment BYP 1-7, E1-7 (UOP Course) 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

ACC 349 Week 1 Lab Problems price Week 1 • Question Segregation of duties o is a preventive control o is a detective control o separates responsibilities for authorizing transactions, recording transactions, and maintaining custody of the related assets • Question The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

ACC 349 Week 2 Connect Problems (with Excel Sheet) This Tutorial contains Excel Sheet which can be used for any values Week 2 • Question The Hartford Symphony Guild is planning its annual dinnerdance. The dinnerdance committee has assembled the following expected costs for the event: Dinner (per person) $10 Favors and program (per person) $4

ACC 349 Week 2 Discussion Question 1 (UOP Course) 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?

ACC 349 Week 2 Individual Assignment Assignments CH 2 and 3 (UOP Course) 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 Ch. 3 – Questions 2 and 3

ACC 349 Week 2 Lab Problems Week 2 • Question The Hartford Symphony Guild is planning its annual dinnerdance. The dinnerdance committee has assembled the following expected costs for the event: Dinner (per person) $10 Favors and program (per person) $4 Band $700

ACC 349 Week 2 Team Assignment Problems Ch. 2 and 3 (UOP Course) 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

ACC 349 Week 3 Connect Problems (with Excel Sheet) 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

ACC 349 Week 3 Discussion Question 1 (UOP Course) 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?

ACC 349 Week 3 Discussion Question 2 (UOP Course) 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?

ACC 349 Week 3 Individual Assignment Article Analysis Summary (UOP Course) Use the Internet or other credible resources to find an article relevant to activity-based costing (ABC), job costing, or process costing. Write a 125-word summary of the article. Summarize the major topics of the article, and explain what you learned as a result of your reading.

ACC 349 Week 3 Individual Assignment Assignments Ch. 4 (UOP Course) Prepare written responses to the following assignments from Ch. 4 of Managerial Accounting: Tools for Business Decision Making: Exercises E4-10 and E4-11 Questions 13 and 14

ACC 349 Week 3 Team Assignment Case Study Ch. 4 (UOP Course) Prepare written responses to the following case study from Ch. 4 of Managerial Accounting: Tools for Business Decision Making: Managerial Analysis BYP 4-2

ACC 349 Week 3 Team Assignment Problems Ch. 4 (UOP Course) Prepare written responses to the following problems from Ch. 4 of Managerial Accounting: Tools for Business Decision Making: Problems P4-3A and P4-4A

ACC 349 Week 4 Discussion Question 1 (UOP Course) What are some of the advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting.

ACC 349 Week 4 Discussion Question 2 (UOP Course) When should variances be investigated? Who should be responsible for correcting a negative variance? Why? What are some factors that can lead to variances? How can variances be corrected?

ACC 349 Week 4 Individual Assignment Ch. 5 and 6 (UOP Course) Prepare written responses to the following assignments from Managerial Accounting: Tools for Business Decision Making: Ch. 5 – Exercises E5-1 and E5-9 Ch. 6 – Exercises E6-7 and E6-10

ACC 349 Week 4 Lab Problems Week 4 • Question 1 Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below: Puget Sound Divers Planning Budget

ACC 349 Week 4 Team Assignment Case Study Ch. 6 (UOP Course) Prepare written responses to the following case study from Ch. 6 of Managerial Accounting: Tools for Business Decision Making: Managerial Analysis BYP 6-2

ACC 349 Week 4 Team Assignment Problems Ch. 7 (UOP Course) Prepare written responses to the following problems from Ch. 7 of Managerial Accounting: Tools for Business Decision Making: Problem P7-1A

ACC 349 Week 5 Discussion Question 1 (UOP Course) What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not?

ACC 349 Week 5 Discussion Question 2 (UOP Course) What is the difference between external and internal pricing? What factors must be considered when setting internal transfer pricing between divisions of a company? What are the different methods of setting internal transfer pricing? Which is the most effective? Why?

ACC 349 Week 5 Lab Problems Week 5 • Question Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Price Standard Hours or Rate

ACC 349 Week 5 Team Assignment Problems Ch. 8 and 11 (UOP Course) Prepare written responses to the following problems from Managerial Accounting: Tools for Business Decision Making: Ch. 8 – Problem P8-2A Ch. 11 – Problem P11-4A

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