Cost And Managment Accounting PDF

Summary

These notes cover introductory concepts in cost and management accounting. Topics discussed include calculating materials used, manufacturing costs, and the cost of goods sold. Cost and management accounting.

Full Transcript

cosas que repasar · introduction to cost and managment accounting materials wa...

cosas que repasar · introduction to cost and managment accounting materials waiting to be used in manufacturing process direct materials stock inventory jjhyfind. are cost of · and substracting used the ending by adding purchases. overhead overhead variable manufacturing manufacturing + overhead costs fixed overhead : Fixed manufacturing Total = fixed manufacturing own total overnead variable overhead direct manufacturing labour COStS : manifestarsencurred- direct materials used total manufacturing overhead costs not completed goods manuf cost incurred cost goods that were manufactured -work in process inventory of. inventoryiw. I. p. +. begining finished goods cost of goods manufactured -Finished goods inventory + : available for sale /Finished and ready to be sold) -cost of goods sold Finished balance : aHow to find income statement and scheolule ? supporting · materials used begining inventory purchase-ending inventory + : manufacturing costs incurred- direct and indirect costs during period 2 Total 3 cost of goods manufactured Begining inventory-ending work in process + cost of goods sold (cost of finished goods inventory sold to customers) begining : finished goods balance - ending finished goods balance ↑ merchandise inventory selling in original form : a cost of goods purchase : add freight in-purchase r a. and discounts alternative cost : Budgetd fixed m.h o. perperiod Budgete d level capacity find % denominator level Bog overnead : Fixed M 0 H allocated... = fixed meg Budg Fixed mifg overnead-D V V.... contribution margin %: fixed costs= Breakeven in revenues selling price : Variable cost per unit = 1 - contribution margin) margin safety : budgeted revenue - Breakeven revenue # of units to breakeven : Fixed costs = C M per unit.. operating income : (Spxa)- (VC a) x - F C.. degree of 0 leverage contribution margin: 0 I =.. Breakeven in bundles : Fixed costs C M perbundle =.. sales mix divide sales 100 % simplify : -> · Breakeven points in bundles : ratio x Breakeven in bundles units sold : sales mix x Total units sold Target operating income= target return on investing capital investing x markup on full costs markup perunits= full cost per unit = Total contribution = c. marg. per unit x demand hours price per hours= Full cost perhour x 1100 % + markup percentage) new life cycle cost new revenue + new = sale pricel = mark up ratio

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