First Exam

STUDY GUIDE - FIRST EXAM - ACCT 6200 - SPRING 2023 CHAPTER ONEPurpose of Managerial AccountingPurposeFocusWhich users need to useCapacity Cost of Unused Theoretical Practical Decision Making Balanced Scorecard Controller vs. Treasurer Value Chain Strategic Cost Management Date analytics Ethical standards CHAPTER TWO Costs Product Period Conversion Prime Fixed Indirect Differential Production Process Job Shop Batch AssemblyManufacturing Overhead Cost of Goods Manufactured Cost of Goods Sold Work in Process Cost Drivers CHAPTER THREE Product Costing Work in Process Inventory Predetermined Overhead Rate Overhead Application Absorption Job Cost Record Normal Costing Throughput time 2 Stage Cost allocation process Service Department Advertising Expense Supply Chain Management CHAPTER FOUR Process Costing & Journal entries Equivalent Units Physical flow of units (in numbers) Weighted Average Method Users of Process Costing Operating Costing Uses of equivalent units and costs