Week 4 Activity Analysis, Cost Behavior, and Cost Estimation
Topics
- Similarities and Differences between Job-Order and Process Costing
- Calculation of Equivalent Units and Cost per Equivalent Unit
- Review Departmental Reports
Outcomes
- Compute the flow of costs through manufacturing cycles and the determination of product (or service) cost.
- Discuss the impact of flow of costs and product cost on decision making.
- Describe the issues and procedures for the allocation of overhead costs, including activity-based costing
- Use commonly used tools for performance evaluation (e.g., ROI, residual income).
- Discuss the impact of performance evaluation on decision making.
- Prepare and explain the flow of cash as relating to operating, investing, and financing activities, free cash flow, and the impact that it has on decision making.
Learning Resources
- eBook: Managerial accounting: Creating value in a dynamic business environment.
- Chapter 6 Activity Analysis, Cost Behavior, and Cost Estimation
Complete these Assignments
- Discussion 4.1 Mixed Costs
- Assignment 4.1 McGraw Hill Connect Week 4
- Journal 4.1
Week 4 Activity Analysis, Cost Behavior, and Cost Estimation
Topics
- Similarities and Differences between Job-Order and Process Costing
- Calculation of Equivalent Units and Cost per Equivalent Unit
- Review Departmental Reports
Outcomes
- Compute the flow of costs through manufacturing cycles and the determination of product (or service) cost.
- Discuss the impact of flow of costs and product cost on decision making.
- Describe the issues and procedures for the allocation of overhead costs, including activity-based costing
- Use commonly used tools for performance evaluation (e.g., ROI, residual income).
- Discuss the impact of performance evaluation on decision making.
- Prepare and explain the flow of cash as relating to operating, investing, and financing activities, free cash flow, and the impact that it has on decision making.
Learning Resources
- eBook: Managerial accounting: Creating value in a dynamic business environment.
UVI Online ACC 5100 Accounting - 5
- Chapter 6 Activity Analysis, Cost Behavior, and Cost Estimation
- Introduction - Text
Complete these Assignments
- Discussion 4.1 Mixed Costs
- Assignment 4.1 McGraw Hill Connect Week 4
- Journal 4.1
DISCUSSION 4.1 MIXED COSTS
Describe how the firm where you work, or any business firm you are familiar with, distinguishes between fixed and variable costs. Provide specific examples.
In addition, explain whether fixed cost items or variable cost items get any priority in the firm’s internal decisions to distribute available funds.
If you are not directly involved in managerial accounting, you may want to discuss these questions with a Chief Financial Officer and share the information with your classmates.
If you do not want to address this discussion topic from the perspective of the firm where you work, please discuss from the perspective of how any firm operating in the aviation industry might address this topic.
Tie your answer to the eBook and also reference an external academic source.
In your response post, comment on how your analysis agrees with or differs from your classmate’s analysis. Share any additional resources that could help with this analysis.
GRADING CRITERIA
- Initial post (300 words, due Friday @ 11:59 pm) (50%)
- Grammar and mechanics (10%)
Journal 4.1
INSTRUCTIONS
Submit a brief (between 150 to 200 words) reflection on what you learned in the course so far.
- What new perspectives did you develop?
- What new resources for learning did you discover?
- What questions remain unanswered?
GRADING CRITERIA
- Reflection on Learning (60%)
- Identification of learning resources (15%)
- Questions (15%)
- Grammar & Mechanics (10%)
- Assignment 4.1 McGraw Hill Connect Week 4