Managerial Accounting Modules Exercises

Managerial Accounting class

Start by reading and following these instructions:

1. Quickly skim the questions or assignment below and the assignment rubric to help you focus.

2. Read the required chapter(s) of the textbook and any additional recommended resources. Some answers may require you to do additional research on the Internet or in other reference sources. Choose your sources carefully.

3. Consider the course discussions so far and any insights gained from it.

4. Create your Assignment submission and be sure to cite your sources if needed, use APA style as required, and check your spelling.

Assignment:

Please work the following exercises from the text and submit for grading.

Some exercises come with a “Working Template” for organizing the material. Please see these as an option for how to set up your assignments. You are not required to organize your assignments this way.

MOD 1

Exercises: 

1. P1-27A, page 39: ERP cost-benefit analysis

2. E2-21A, page 86: Classify and calculate a manufacturer’s costs

3. E2-25A, page 88: Compute direct materials used and cost of goods manufactured

4. E2-31B, page 90: Classify costs along the value chain for a manufacturer

Inspired learning,

MOD 2

 

Exercises:

      E-44B

S4-16, page 220: Quality initiative decision

P5-51A, page 290: Process costing in a single processing department

P5-54A, page 296: Prepare a production cost report and journal entries

Inspired learning,

MOD 3

 

Exercises:

    P6-68B, page 373: Analyze cost behavior

    E7-40B, page 426: Prepare contribution margin income statements

    A7-76, page 439: CVP analysis by intern with an ethical dilemma

MOD 4

Start by reading and following these instructions:

1. Quickly skim the questions or assignment below and the assignment rubric to help you focus.

2. Read the required chapter(s) of the textbook and any additional recommended resources. Some answers may require you to do additional research on the Internet or in other reference sources. Choose your sources carefully.

3. Consider the discussions and any insights gained from it.

4. Create your Assignment submission and be sure to cite your sources, use APA style as required, check your spelling.

Assignment:

Exercises:

1. P8-52A, page 498: Outsourcing decision given alternative use of capacity

2. P8-57B, page 500: Product mix decision under constraint

3. S8-8, page 480: Replace a department

4. E8-47B, page 495: Sell as is or process further

Essay Question:

How do you account for financial losses in order to maintain quality customer service, for example, a restaurant that gives a free meal to an upset customer or a company that gives repeat customers a discount? From the viewpoint of a management accountant, how would this cost be classified and how would it figure into a company’s financial statements?