Tài liệu Kế Toán - Kiểm Toán

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: 578 | 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

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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...

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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

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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

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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.

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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

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Variable costing income statements Used to analyze how changes in cost and sales affect the profitability of Product lines Sales territories Customers Departments Other segments

121 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 613 | Lượt tải: 0

Provides both financial and performance information at the activity level Useful for Strategic planning Making operational decisions about business segments Product lines Market segments Customer groups

98 trang | Chia sẻ: huyhoang44 | Ngày: 26/03/2020 | Lượt xem: 554 | Lượt tải: 0