This will be very helpful for Anna University MBA Examination. I Did M.B.A 2011-2013 at Jei Mathaajee College of Engineering (Affiliated to Anna University).
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Solution Manual
Solution Manual
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The ZICA Manual for Cost Accounting
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accounting
Cost Accounting Quiz
Cost of capitalFull description
Cost Accounting – ReviewerFull description
seligram excel
The Regal Cycle Company manufactures three types of bicycles—a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow:
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Management accounting - accumulation and preparation of inancial reports for internal users only - needed by management in planning, controlling and evaluating the entity’s operations - produce budgets, performance evaluations and cost reports - subjective, relevant, future oriented - reports as needed - decision making Financial accounting - concerned with recording of business transactions and the eventual preparation of inancial statements - intended for internal and external users - produce inancial statements according to GAAP - objective, objective, reliable, historical - reports periodically - company as a whole COST CONCEPTS AND BEHAVIOR Cost cash or cash e!uivalent value sacriiced for goods and services that are expected to bring a current or future beneit to the organi"ation DIRECT #an be directly and conveniently traced to the cost object
INDIRECT #annot be directly and conveniently traced to the object
MANUFACTURIN! PRODUCT Producing a physical product Di"ect mate"ials# material inputs that can be directly and conveniently traced to each unit of product Di"ect la$o"# employees employees who physically convert materials to inished products Manu%actu"ing o&e"'ea(# indirect o&e"'ea(# indirect costs incurred to produce products$
NONMANUFACTURIN! PERIOD %unning the business and selling the product o Dist"i$ution costs o A(minist"ati& A(minist"ati&e e e)*enses Finance costs o
VARIAB+E# change in total, in relation to volume FIED# remain FIED# remain constant, in total, irrespective of the volume
o
SEMI-VARIAB+E# with ix and variable components
ANA+./IN ANA+./IN MIED COSTS COSTS o Scatte"g"a*'# - subjective and inexact - simple and intuitive o Hig'-lo0 met'o(# - uses only two data points, which may not represent the general trend in the data +east s1ua"e "eg"ession# o - re!uires more data and assumptions - proper interpretation interpretation of results is critical - uses all data points ACCOUNTIN PERIOD ACCOUNTIN PERIOD o Ca*ital e)*en(itu"e# e)*en(itu"e# - beneit more than one accounting periods - asset Re&enue e)*en(itu"e# o - beneit current period only - expense P+ANNIN AND CONTRO+ o Stan(a"( costs# - predetermined predetermined cost for (), (* + o O**o"tunit2 cost# - beneit given up when one alternative is chosen over the other o Di%%e"ential cost# - cost that is present under one alternative but absent in whole or part under another alternative o Rele&ant cost# - potential to inluence a decision. it must occur in the future and differ between the alternatives Out o% *oc3et cost o - cost that re!uires the payment of money /or other assets0 o Sun3 cost# - a cost of which an outlay has already been made and it cannot be changed by any or present future decision COST VO+UME PROFIT ANA+.SIS ANA+.SIS o
o
Cont"i$ution Ma"gin Income Statement Sales Va"ia$le cost Cont"i$ution Cont"i$ution Ma"gin 4Fi)e( costs5 Net income ocuses on interactions between the ive elements - price of products - volume or level of activity - variable cost per unit - total ixed costs - mix of products sold
MARIN OF SAFET. - the amount by which sales could decrease before losses are incurred )-1& Actual sales 2 3reakeven 3reakeven sales
MOS
)-1 ratio& Actual Sales OPERATIN +EVERAE - potential effect of the risk that sales will fall short of planned levels as inluenced by the relative proportion of ixed to variable manufacturing costs
