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Power Electronics uses two cost pools Equipment setups Total estimated cost $1,500,000 Estimated setups 10,000 Inspections Total estimated cost $3,000,000 Estimated inspections 15,000 Calculate the cost per driver unit for each pool Equipment setups $1,500,000 / 10,000 = $150 per setup Inspections $3,000,000 / 15,000 = $200 per inspection

61 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 711 | Lượt tải: 0

The only difference between full and variable costing is their treatment of fixed manufacturing overhead Under full costing, fixed manufacturing overhead is included in inventory These costs enter into the determination of expense only when the inventory is sold Under variable costing, fixed manufacturing overhead becomes a period expense

41 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 820 | Lượt tải: 0

Discretionary fixed costs Management can easily change, e.g. advertising, research & development Many companies cut back on these costs when sales drop. This can be shortsighted. A cut in research & development can have a negative effect on long run profitability A cut in repair and maintenance can have a negative effect on the life of valuable...

70 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 787 | Lượt tải: 0

Manufacturing operations typically pass through two or more departments Costs are accumulated in each department Easy to identify when materials are added Harder to identify when labor and overhead are added Often grouped together as conversion costs Assumed to be added evenly throughout the process

53 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 885 | Lượt tải: 0

Manufacturing companies use product costs to prepare financial statements and for managerial decisions Often the cost information needed is different for the two purposes Decision making relies on incremental analysis – an analysis of the revenues and expenses that will actually increase or decrease as a result of the decision You will need to s...

58 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 821 | Lượt tải: 0

Direct and indirect costs Direct costs are directly traceable to a product, activity, or department, indirect costs are not traceable Controllable and non-controllable costs A manager can influence controllable costs but cannot influence non- controllable costs

39 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 734 | Lượt tải: 0

Managers prepare reports related to short-run decisions throughout the management cycle Develop budgets that show estimated costs and revenues related to alternative courses of action Compile analyses of data that support their decisions

135 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 785 | Lượt tải: 0

Prepare performance reports for investment centers using traditional measures of return on investment and residual income and the newer measure of economic value added. Explain how properly linked performance incentives and measures add value for all stakeholders in performance management and evaluation.

99 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 884 | Lượt tải: 0

Realistic estimates of costs Based on analysis of both past and projected operating costs and conditions Provide a predetermined performance level for the standard costing method Usually stated in terms of cost per unit

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is the process of identifying, gathering, summarizing, and communicating financial and nonfinancial information about an organization's future activities Is essential part of the continuous planning for an organization in order to accomplish long-term goals

95 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 962 | Lượt tải: 0