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May 3, - Managerial Accounting 16th Edition Garrison Solutions Manual - Test bank, Solutions manual, exam bank, quiz bank, answer key for textbook download instantly! 8 Managerial Accounting, 16th edition Chapter 2: Applying Excel (continued) The selling price of Job has dropped from $4, to $4, because the fixed manufacturing overhead in the Milling Department decreased from $, to $, Managerial Accounting 16th Edition PDF | Authors: Ray H Garrison, Eric Noreen, Peter C. Brewer | McGraw-Hill Education [] | ISBN | Tags: managerial accounting garrison, managerial accounting 16th edition garrison, managerial accounting mcgraw hill, managerial accounting 16th edition garrison pdf, garrison noreen brewer managerial accounting.
Managerial accounting 16th edition garrison pdf free download
To browse Academia. Skip to main content. Log In Sign Up. Download Free PDF. Egh7p6 Zp4jqn. Download PDF. A short summary of this paper. Variable cost: The variable cost per unit is materials, direct labor, and manufacturing constant, but total variable cost changes in overhead.
Fixed cost: The total fixed cost is constant within the relevant range. The average fixed a. Direct materials are an integral part of a cost per unit varies inversely with changes finished product and their costs can be in volume. Mixed cost: A mixed cost contains both b. Indirect materials are generally small variable and fixed cost elements. They may be an integral part of a finished product but their costs can be traced to the product only at a.
Unit fixed costs decrease as the activity level great cost or inconvenience. Direct labor consists of labor costs that b. Unit variable costs remain constant as the can be easily traced to particular products. Total fixed costs remain constant as the d. Indirect labor consists of the labor costs activity level increases. Total variable costs increase as the activity other factory workers that cannot be level increases. These labor costs are incurred to support production, but the workers involved do not a.
Cost behavior: Cost behavior refers to the directly work on the product. Manufacturing overhead includes all changes in a measure of activity such as manufacturing costs except direct materials and sales volume, production volume, or orders direct labor. Consequently, manufacturing processed.
Relevant range: The relevant range is the labor as well as other manufacturing costs. In the case of manufactured goods, these costs consist of An activity base is a measure of direct materials, direct labor, and manufacturing whatever causes the incurrence of a variable overhead.
A period cost is a cost that is taken cost. Examples of activity bases include units directly to the income statement as an expense produced, units sold, letters typed, beds in a in managerial accounting 16th edition garrison pdf free download period in which it is incurred. All rights reserved.
Within a functional area, fixed and variable costs are intermingled. The A discretionary fixed cost has a fairly contribution approach income statement short planning horizon—usually a year. Such organizes costs managerial accounting 16th edition garrison pdf free download behavior, first deducting costs arise from annual decisions by variable expenses to obtain contribution margin, management to spend on certain fixed cost and then deducting fixed expenses to obtain net items, such as advertising, research, and operating income.
A committed fixed cost has a long planning horizon—generally The contribution margin is total sales many years. An opportunity cost is the potential benefit that is Yes. As the anticipated level of activity given up when one alternative is selected over changes, the level of fixed costs needed to another.
A sunk cost is a cost that has already support operations may also change. Most fixed been incurred and cannot be altered by any costs are adjusted upward and downward in decision taken now or in the future. For example, the alternatives might consist of purchasing one machine rather than another to make a product.
The difference between the fixed costs of purchasing the two machines is a differential cost. It did not change because the variable selling expense is deducted after the gross margin, not before it on the traditional format income statement. By definition, total variable cost increases in proportion to activity whereas total fixed cost is constant.
In the real world, cost behavior may be messier. Direct materials Sales commissions Variable cost per unit sold a Total fixed manufacturing cost see requirement 1 a Total fixed manufacturing cost see requirement Variable overhead per unit a Selling price per unit Direct materials per unit The wages of pediatric The pediatric nurses department X 2.
Prescription drugs A particular patient X 3. Heating the hospital The pediatric department X 4, managerial accounting 16th edition garrison pdf free download. The salary of the head The pediatric of pediatrics department X 5, managerial accounting 16th edition garrison pdf free download.
The salary of the head A particular pediatric of pediatrics patient X 6. Lab tests by outside A particular patient contractor X 8. The cost of a hard drive installed in a computer: direct materials. The cost of advertising in the Puget Sound Computer User newspaper: selling. The wages of employees who assemble computers from components: direct labor.
Depreciation on equipment used to test assembled computers before release to customers: manufacturing overhead. Rent on the facility in the industrial park: a combination of manufacturing overhead, selling, and administrative.
The rent would most likely be prorated on the basis of the amount of space occupied by manufacturing, managerial accounting 16th edition garrison pdf free download, selling, and administrative operations. Rent on equipment used in the factory Lubricants used for machine maintenance Salaries of personnel who work in the finished goods warehouse Soap and paper towels used by factory workers at the end of a shift Heat, water, and power consumed in the factory Materials used for boxing products for shipment overseas managerial accounting 16th edition garrison pdf free download are not normally boxed Advertising costs Depreciation on chairs and tables in the factory lunchroom The wages of the receptionist in the administrative offices Cost of leasing the corporate jet used by the company's executives The cost of renting rooms at a Florida resort for the annual sales conference Cups of Coffee Served in a Week 2, 2, 2, Fixed cost The average cost of a cup of coffee decreases as the number of cups of coffee served increases because the fixed cost is spread over more cups of coffee.
Cost of the old X-ray machine The salary of the head of the Radiology Department The salary of the head of the Laboratory Department Cost of the new color laser printer Rent on the space occupied by Radiology The cost of maintaining the old machine Benefits from a new DNA analyzer Cost of electricity to run the X- ray machines X Note: The costs of the salaries of the head of the Radiology Department and Laboratory Department and the rent on the space occupied by Radiology are neither differential costs, nor opportunity costs, managerial accounting 16th edition garrison pdf free download, nor sunk costs.
These costs do not differ between the alternatives and therefore are irrelevant in the decision, but they are not sunk costs because they occur in the future.
Traditional income statement Cherokee Inc. Contribution format income statement Cherokee Inc. The total direct manufacturing cost incurred is computed as follows: Direct materials per unit The total indirect manufacturing cost incurred is computed as follows: Variable manufacturing overhead per unit The total manufacturing cost that is directly traceable to the Manufacturing Department is computed as follows: Direct materials per unit None of the manufacturing costs should be treated as indirect costs when the cost object is the Manufacturing Department.
The advertising expenditures cannot be traced to specific sales representatives. The average fixed manufacturing overhead per unit is: Total fixed manufacturing overhead a Because the units to be sold to the new customer have already been produced, the incremental manufacturing cost per unit is zero.
The variable manufacturing costs incurred to make these units have already been incurred and, as such, are sunk costs. Sales commission The computations for parts 1a through 1e are as follows: a. The cost of batteries in Raw Materials: Beginning raw materials inventory The cost of batteries in Work in Process: Beginning work in process inventory
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Feb 13, · Managerial Accounting, 16th Edition by Ray Garrison and Eric Noreen and Peter Brewer () Preview the textbook, purchase or get a FREE instructor-only desk copy. May 3, - Managerial Accounting 16th Edition Garrison Solutions Manual - Test bank, Solutions manual, exam bank, quiz bank, answer key for textbook download instantly! Managerial Accounting 16th Edition PDF | Authors: Ray H Garrison, Eric Noreen, Peter C. Brewer | McGraw-Hill Education [] | ISBN | Tags: managerial accounting garrison, managerial accounting 16th edition garrison, managerial accounting mcgraw hill, managerial accounting 16th edition garrison pdf, garrison noreen brewer managerial accounting.
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