ACC 212 - Managerial Accounting [SUN# ACC 2202]

1. Compare and contrast the traditional and the contribution format Income Statement
2. Compute the cost of jobs using a predetermined overhead rate
3. Determine the effect of changes to net operating income utilizing CVP Analysis
4. Use activity-based costing to compute product and customer margins
5. Construct a budgeted income statement
6. Compute return on investment (ROI)

1. Managerial Accounting and Cost Concepts
   1. Cost Classifications for manufacturing companies
   2. Cost classifications for predicting cost behavior
   3. Analysis of mixed costs
   4. Traditional and Contribution Format Income Statements
2. Job Order Costing
   1. Flow of costs in a job-order cost system
   2. Determination and application of the predetermined overhead rate
   3. Schedules of Cost of Goods Manufactured and Cost of Goods Sold
   4. Distinguishing between under-and over-applied manufacturing overhead
3. Process Costing
   1. Explanation of the flow of costs in a process cost system
   2. Computation of equivalent units
   3. Compute and apply costs
4. Cost Volume Profit
   1. Basics of Cost-Volume-Profit (CVP) analysis
   2. Break-Even and Target Profit Analysis
   3. Sales Mix
5. Activity Based Costing
   1. Overview of Activity-Based Costing (ABC)
   2. Application of ABC costing
   3. Comparison of Traditional and ABC Product Costs
   4. Limitations of Activity-Based Costing
6. Master Budgeting
   1. Overview of the Master Budget
   2. Preparing the Master Budget
7. Flexible Budgets and Performance Analysis
   1. Flexible budget reports
   2. Flexible budget variances
   3. Flexible budgets with multiple cost drivers
8. Standard Costs and Variances
   1. Standard costs
   2. Determination of direct materials variances
   3. Determination of direct labor variances
   4. Determination of variable manufacturing overhead variances
9. Performance Measurement in Decentralized Organizations
   1. Responsibility Accounting
   2. Evaluating Investment Center performance
   3. Residual Income
   4. Operating performance measures
10. Differential Analysis
    1. Cost concepts for decision making
    2. Adding and drooping product lines and other segments
    3. Make or buy decisions
    4. Opportunity costs
    5. Special orders
    6. Utilization of constrained resource
    7. Joint product costs
11. Capital Budgeting Decisions
    1. The Payback method
    2. Net present value method
    3. The internal rate of return
    4. The simple rate of return