Managerial Accounting Course
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✅⛔Please Start Here!5 Topics
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CHAPTER 1: MANAGERIAL ACCOUNTING & COST CONCEPTS
📖Manufacturing Costs4 Topics|2 Quizzes -
📖Product Cost Vs Period Cost3 Topics|1 Quiz
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📖Cost Behavior: Variable, Fixed & Mixed4 Topics|1 Quiz
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📖Estimating Fixed & Variable Cost – High Low3 Topics|1 Quiz
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CHAPTER 2: JOB-ORDER COSTING📖Job Order Costing5 Topics|1 Quiz
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📖Cost Flow In Job Order Costing5 Topics
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📖Cost Of Goods Manufactured With Example4 Topics
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📖Under-Applied Overhead & Over-Applied Overhead5 Topics|1 Quiz
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CHAPTER 3: PROCESS COSTING📖Process Costing11 Topics|2 Quizzes
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🎥+✏️Process Costing (Weighted Average)🟢
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🎙️Process Costing (Weighted Average)
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🎥+✏️Process Costing (FIFO)🟢
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🎙️Process Costing (FIFO)
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🎥+✏️Process Costing Exercise🟢
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✏️ Process Costing Journal Entries🟢
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✏️Assigning Costs to Units Using the Weighted-Average Method🟢
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✏️Equivalent Units of Production Using the Weighted-Average Method🟢
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✏️Cost per Equivalent Unit Using the FIFO Method🟢
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✏️Assigning Costs to Units Using the FIFO Method🟢
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✏️Cost Reconciliation Report Using the FIFO Method🟢
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🎥+✏️Process Costing (Weighted Average)🟢
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CHAPTER 4: COST VOLUME PROFIT ANALYSIS📖Cost Volume Profit Analysis2 Topics
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📖Contribution Margin Ratio2 Topics
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📖Cost Volume Profit Application5 Topics|1 Quiz
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📖Break-Even Point & Target Profit3 Topics|1 Quiz
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📖Target & Cost Volume Profit Analysis3 Topics|1 Quiz
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📖Margin Of Safety3 Topics|1 Quiz
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📖Break-Even For Multi-Product3 Topics|1 Quiz
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📖Cost Structure & Profit Stability2 Topics
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📖Degree Of Operating Leverage (DOL)3 Topics|1 Quiz
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CHAPTER 5: VARIABLE COSTING & SEGMENT REPORTING: TOOLS FOR MANAGEMENT📖Absorption & Variable Costing6 Topics|3 Quizzes
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🎥+✏️Absorption and Variable Costing🟢
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🎙️Absorption and Variable Costing
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🎥+✏️Example Absorption and Variable Costing🟢
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✏️Variable and Absorption Costing Unit Product Costs🟢
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✏️Variable Costing Income Statement and Net Operating Income Reconciliation🟢
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✏️Reconciliation of Absorption and Variable Costing Net Operating Incomes🟢
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🎥+✏️Absorption and Variable Costing🟢
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📖Segmented Income Statement Traceable & Common Fixed Cost5 Topics|1 Quiz
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📖Break-Even & Common Errors3 Topics|1 Quiz
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CHAPTER 6: ACTIVITY-BASED-COSTING / COST ACCOUNTING📖Activity Based Costing8 Topics|2 Quizzes
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CHAPTER 7: MASTER BUDGETING📖What Is A Budget & Role Of Budgets2 Topics|1 Quiz
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📖Budgetary Process2 Topics|1 Quiz
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📖Types Of Budgets2 Topics|1 Quiz
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📖Zero Based Budgeting & Rolling Budget2 Topics|1 Quiz
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📖Activity Based Budgeting2 Topics|1 Quiz
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📖Master Budget & Related Schedules10 Topics|2 Quizzes
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🎥+✏️Master Budget and Related Schedules🟢
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🎙️Master Budget and Related Schedules
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✏️Schedule of Expected Cash Collections🟢
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✏️Direct Materials Budge🟢
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✏️Direct Labor Budget🟢
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✏️Manufacturing Overhead Budget🟢
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✏️Selling and Administrative Expense Budget🟢
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✏️Cash Budget🟢
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✏️Budgeted Income Statement🟢
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✏️Budgeted Balance Sheet🟢
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🎥+✏️Master Budget and Related Schedules🟢
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📖Production Budget3 Topics|1 Quiz
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CHAPTER 8: FLEXIBLE BUDGETS & PERFORMANCE ANALYSIS📖Flexible Budget & Performance Analysis6 Topics|2 Quizzes
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CHAPTER 9: STANDARD COSTS & VARIANCES📖Direct Material & Labor Variance Analysis4 Topics|2 Quizzes
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📖Variances Using Journal Entries4 Topics
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📖Variable & Fixed Overhead Variances2 Topics|2 Quizzes
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CHAPTER 10: PERFORMANCE MEASUREMENT📖Benchmarking2 Topics
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📖Control Charts2 Topics
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📖Pareto Chart2 Topics
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📖Fishbone2 Topics
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📖Balanced Scorecard5 Topics|1 Quiz
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📖The 4 Costs Of Quality4 Topics|1 Quiz
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📖Performance Measurements2 Topics
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📖Return On Investment (ROI)4 Topics|1 Quiz
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📖Residual Income5 Topics|1 Quiz
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📖Economic Value Added (EVA)2 Topics
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📖Return On Equity2 Topics
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📖Non-GAAP Measures2 Topics|1 Quiz
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CHAPTER 11: DIFFERENTIAL ANALYSIS: THE KEY TO DECISION MAKING📖Relevant & Irrelevant Cost3 Topics|2 Quizzes
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📖Add Or Drop a Segment4 Topics|1 Quiz
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📖Make Or Buy Component Analysis4 Topics|1 Quiz
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📖Accepting Or Rejecting Special Order4 Topics|1 Quiz
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📖Utilization Of a Constrained Resource2 Topics|1 Quiz
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📖Sell Or Process Further Decisions4 Topics|1 Quiz
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CHAPTER 12: CAPITAL BUDGETING DECISIONS📖Time Value Of Money For Capital Budgeting7 Topics|1 Quiz
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📖What Is Capital Budgeting?2 Topics|1 Quiz
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📖Net Present Value (NPV)4 Topics|1 Quiz
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📖Depreciation Tax Shield Explained2 Topics
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📖Internal Rate Of Return IRR3 Topics
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📖Payback & Discounted Payback Period3 Topics
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📖Accounting Rate Of Return ARR & Average Accounting Return AAR2 Topics
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📖Profitability Index4 Topics
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💡Chapter 1 : Managerial Accounting and Cost Concepts4 Topics|1 Quiz
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💡Chapter 2: Job-Order Costing7 Topics|1 Quiz
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🤖CH2 EX1 MA Predetermined Overhead Rate
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🤖CH2 EX2 MA Kessler Fabricators: Job Order Costing Cycle
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🤖CH2 EX3 MA Raw Materials Used in Production
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🤖CH2 EX4 MA Cost of Goods Manufactured
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🤖CH2 EX5 MA Schedule of Cost of Goods Manufactured
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🤖CH2 EX6 MA Adjusted Cost of Goods Sold
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🤖CH2 EX7 MA Critical Thought Exercise: Fixed Overhead and Underapplied Costs
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🤖CH2 EX1 MA Predetermined Overhead Rate
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💡Chapter 3 : Process Costing1 Topic|1 Quiz
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💡Chapter 4: Cost Volume Profit Analysis4 Topics|2 Quizzes
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💡Chapter 5: Variable Costing &Segment Reporting:Tools for Management4 Topics|2 Quizzes
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💡Chapter 6: Activity-Based-Costing |Cost Accounting3 Topics|1 Quiz
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💡Chapter 7: Master Budgeting3 Topics|1 Quiz
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💡Chapter 8: Flexible Budgets and Performance Analysis4 Topics|1 Quiz
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💡Chapter 9: Standard Costs and Variances4 Topics|1 Quiz
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💡Chapter 10: Performance Measurement3 Topics|1 Quiz
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💡Chapter 11: Differential Analysis: The Key to Decision Making4 Topics|1 Quiz
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💡Chapter 12: Capital Budgeting Decisions5 Topics|1 Quiz
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🤖CH12 EX1 MA Contest Winnings: Lump Sum versus Annuity
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🤖CH12 EX2 MA Falkirk Company: Special Contract Evaluation
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🤖CH12 EX3 MA Thorncliff Company: Internal Rate of Return
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🤖CH12 EX4 MA Meridian Company: Payback Period and Simple Rate of Return
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🤖CH12 EX5 MA Halden Company: After-Tax Net Present Value Comparison
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🤖CH12 EX1 MA Contest Winnings: Lump Sum versus Annuity
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Question 1 of 13
1. Question
In which of the four types of quality costs does the inspection of products fall?
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Question 2 of 13
2. Question
In which of the four types of quality costs does the cost of quality training fall?
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Question 3 of 13
3. Question
In which of the four types of quality costs does the testing of incoming materials received from suppliers fall?
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Question 4 of 13
4. Question
On a quality cost report, which of the below would be regarded as an external failure cost?
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Question 5 of 13
5. Question
On a quality cost report, which of the below would be categorized as a prevention cost?
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Question 6 of 13
6. Question
On a quality cost report, which of the below would be categorized as a prevention cost?
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Question 7 of 13
7. Question
On a quality cost report, which of the below would be categorized as an internal failure cost?
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Question 8 of 13
8. Question
The below data is related to the quality cost report for the Miles corporation:
Quality circles $ 20,000 Product recalls $ 33,000 Supplies used in testing and inspection $ 98,000 Net cost of scrap $ 40,000 Liability arising from defective products $ 49,000 Re-entering data because of keying errors $ 80,000 Debugging software errors $ 30,000 Test and inspection of incoming materials $ 58,000 Quality data gathering, analysis, and reporting $ 66,000 Compute the total internal failure cost that should be shown on the quality cost report for the Miles Corporation.
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Question 9 of 13
9. Question
Dowen Inc. produces large commercial doors for warehouses and other facilities Dowen Inc. incurred the below costs in performing quality activities during the year:
Product recall activities $ 550,000 Quality training activities $ 350,000 Quality improvement activities $ 190,000 Warranty claim activities $ 150,000 Quality inspection and testing activities $ 80,000 Rework activities $ 44,000 Quality data collection and reporting activities $ 6,000 Compute the total prevention cost that should be shown on the quality cost report for Dowen Inc.
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Question 10 of 13
10. Question
The below data is related to the quality cost report for the Thompson corporation:
Quality circles $ 7,000 Product recalls $ 45,000 Supplies used in testing and inspection $ 65,000 Net cost of scrap $ 78,000 Liability arising from defective products $ 20,000 Re-entering data because of keying errors $ 50,000 Debugging software errors $ 10,000 Test and inspection of incoming materials $ 52,000 Quality data gathering, analysis, and reporting $ 68,000 Compute the total external failure cost that should be shown on the quality cost report for the Thompson Corporation.
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Question 11 of 13
11. Question
The below data is related to the quality cost report for the Siren Company:
Disposal of defective products $ 100,000 Liability arising from defective products $ 80,000 Test and inspection of in-process goods $ 53,000 Systems development $ 20,000 Net cost of spoilage $ 90,000 Supervision of testing and inspection activities $ 65,000 Lost sales due to poor quality $ 72,000 Maintenance of test equipment $ 33,000 Quality data gathering, analysis, and reporting $ 40,000 Compute the total external failure cost that should be shown on the quality cost report for the Siren Company.
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Question 12 of 13
12. Question
The below data is related to the quality cost report for the Empire Motor Corporation:
Lost sales due to poor quality $ 102,000 Quality data gathering, analysis, and reporting $ 10,000 Net cost of spoilage $ 72,000 Re-entering data because of keying errors $ 64,000 Test and inspection of in-process goods $ 40,000 Final product testing and inspection $ 55,000 Statistical process control activities $ 35,000 Returns arising from quality problems $ 45,000 Downtime caused by quality problems $ 14,000 Compute the total external failure cost that should be shown on the quality cost report for the Empire Motor Corporation.
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Question 13 of 13
13. Question
In general, a rise in appraisal costs will lead to an increase in:
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