ACCT 505 Managerial Accounting Complete Course

ACCT 505 Managerial Accounting Complete
Course
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ACCT 505 Managerial Accounting Complete
Course
Week 1 DQ 1: Introduction and Cost Behavior –

Discussion
Cost Terms, Classifications, and Behavior
(Graded)
Welcome to our Week 1 Discussions! To get us
started, let's consider the following questions.
1) Would a traditional income statement differ
depending on whether the business is a service
organization, merchandiser, or manufacturer?
2) Could we use managerial accounting tools to
assess the profitability of an organization other
than a manufacturing business, or are the topics
that we are learning only related to manufacturing?
3) If we could use these concepts in service and/or
merchandising businesses, how would we go
about doing so?Let's start with the first question.
Week 1 DQ 2 : Introduction and Cost Behavior -
Discussion

Research and Application (Graded)
Go to page 130, Case 3-30, Ethics and the
Manager. Let’s discuss the questions, make
value-added comments, points, and share
personal experiences of unethical situations.
Week 1 Assignments:
ACCT 505 Week 1 Case Study 1 Top Switch Inc
(Source 2)
ACCT 505 Week 1 Case Study 1 Top Switch Inc.
ACCT 505 Week 1 Case Study 1 Top Switch Inc
ACCT 505 Week 1 Practice Homework
Assignments P 2-22, P 3-22, E 2-12; E 2-4
Week 2

Week 2 DQ 1 : Job Order and Process Costing
Systems - Discussion
Job Order and Process Costing Systems (Graded)
Welcome to our Week 2 Discussions! Let's begin
by discussing when job order costing systems
would be more appropriate than a process costing
system.
Week 2 DQ 2 : Job Order and Process Costing
Systems - Discussion
Research and Application (Graded)
Go to page 166 and read Case 4-19, Ethics and
the Manager: Understanding the Impact of
Percentage Completion on Profit. Let’s address the
questions, provide reasons for our answers,
share relevant personal experiences, and provide
value-added comments, articles, and related
websites. Let’s have a lot of interaction.

Week 2 Assignments:
ACCT 505 Week 2 Chaper 3 Systems Design -
Job-Order Costing
ACCT 505 Week 2 Quiz (MCQs & Explanatory)
1. (TCO F) Computing unit product costs
involves averaging in
2. (TCO F) Luft Company uses the
weighted-average method in its process costing
system. Operating data for the first processing
department for the month of June appear below:
3. (TCO F) Assume there was no beginning
work in process inventory and the ending work in
process inventory is 70% complete with respect to
conversion costs. Under the weighted-average
method, the number of equivalent units of

production with respect to conversion costs would
be: (Points : 5)
4. (TCO F) Which of the following accounts is
debited when direct labor is recorded? (Points : 5)
5. (TCO F) During December at Ingrim
Corporation, $74,000 of raw materials were
requisitioned from the storeroom for use in
production. These raw materials included both
direct and indirect materials. The indirect materials
totaled $6,000. The journal entry to record the
requisition from the storeroom would include a:
(Points : 5)
6. (TCO F) Wedd Corporation had $35,000 of
raw materials on hand on May 1. During the month,
the company purchased an additional $68,000 of
raw materials. During May, $92,000 of raw
materials were requisitioned from the storeroom for
use in production. These raw materials included
both direct and indirect materials. The indirect
materials totaled $5,000. The debits to the Work in

Process account as a consequence of the raw
materials transactions in May total: (Points : 5)
7. (TCO F) Whether a company uses process
costing or job-order costing depends on its
industry. A number of companies in different
industries are listed below:
8. (TCO F) Job 728 was recently completed.
The following data have been recorded on its job
cost sheet:
9. (TCO F) Harmon Company uses the
weighted-average method in its process costing
system. The Curing Department of Harmon
Company reported the following information for the
month of November.
10. (TCO F) Weisinger Corporation has
provided the following data for the month of
January:..Prepare a Schedule of Cost of Goods
Manufactured and a Schedule of Cost of Goods
Sold in good form(Points : 15)

Week 3
Week 3 DQ 1: Cost-Volume-Profit Analysis and
Variable Costing - Discussion
Variable Costing and CVP Concepts (Graded)
Welcome to our Week 3 Discussions! To get us
started, let's discuss how CVP analysis is used in
managerial accounting decision-making.
Week 3 DQ 2: Cost-Volume-Profit Analysis and
Variable Costing - Discussion
Research and Application (Graded)
Below is the link that will take you directly to the
2004 financial statements of the Benetton Group,
followed by the discussion questions.

http://www.benettongroup.com/sites/all/temp/doc/
2004_annual_report_en.pdf
Let's answer these questions in the order that they
appear.
1. How do the formats of the income statements
shown on pages 33 and 50 of Benetton’s annual
report differ from one another (disregard
everything beneath the line titled “income from
operations”)? Which expenses shown on page 50
appear to have been reclassified as variable selling
costs on page 33?
2. Why do you think cost of sales is included in the
computation of contribution margin on page 33?
3. Perform two separate computations of
Benetton’s break-even point in euros. For the first
computation, use data from 2003. For the second
computation, use data from 2004. Why do the
numbers that you computed differ from one
another?

4. What sales volume would have been necessary
in 2004 for Benetton to attain a target income from
operations of €300 million?
5. Compute Benetton’s margin of safety using data
from 2003 and 2004. Why do your answers for the
two years differ from one another?
Week 3 Assignments:
ACCT 505 Week 3 Case study II Springfield
Express (Source 1)
ACCT 505 Week 3 Case Study II Springfield
Express (Source 2)
ACCT 505 Week 3 Case Study II Springfield
Express (Source 3)
ACCT 505 Week 3 Case Study II Springfield
Express (Source 4)

Week 4
Week 4 DQ 1: ABC and Budgeting - Discussion
Budgeting Case Study (Graded)
Let's start the week by reviewing the following
case. First, let's discuss how the budgeting
process as employed by Springfield contributes to
the failure to achieve the president's sales and
profit targets.Click here to view the file
Week 4 DQ 2: ABC and Budgeting - Discussion
Exam Review (Graded)
To begin, download the practice Midterm Exam
from Doc Sharing to access questions and topics
for review. For multiple-choice questions, please

explain why the answer chosen is correct, and why
the other choices would not be correct. Please
support your response. Let's begin with the
questions on Page 1.
Week 4 Assignments:
ACCT 505 Week 4 Midterm Set 1 (MCQs &
Explanatory)
http://www.justassignment.com/ACCT-505-Manag
erial-Accounting-Week-4-Midterm-Exam-Set-1-11
79.htm
ACCT 505 Week 4 Midterm Set 2 (MCQs &
Explanatory)
http://www.justassignment.com/ACCT-505-Manag
erial-Accounting-Week-4-Midterm-Exam-Set-2-11

80.htm
ACCT 505 Week 4 Midterm Set 3 (MCQs & Essay -
February 2011)
http://www.justassignment.com/ACCT-505-Manag
erial-Accounting-Week-4-Midterm-Exam-Set-3-11
81.htm
ACCT 505 Week 4 Midterm Set 4 (MCQs & Essay -
May 2011)
http://www.justassignment.com/ACCT-505-Manag
erial-Accounting-Week-4-Midterm-Exam-Set-4-11
82.htm
Week 5
Week 5 DQ 1: Measuring Performance -

Discussion
Standards, Variances, Flexible Budgets (Graded)
To begin, please read Case 10B-5 on page 471,
Ethics and the Manager. How were the standard
costs developed? Are the standards set too high or
too low? Please elaborate.
Week 5 DQ 2: Measuring Performance -
Discussion
Research and Application (Graded)
Let's look at Case 9-26, Ethics and the Manager, in
Chapter 9, page 414, and address and discuss the
question there.
Week 5 Assignment:

ACCT 505 Week 5 Course Project A (Measuring
Performance)
Week 6
Week 6 DQ 1: Segment Reporting and Relevant
Costs for Decisions - Discussion
Segment Reporting and Relevant Costs (Graded)
To begin, please read Case 12-32 on page 576.
Which costs are relevant in the decision to shut
down the Ashton facility? Then, let’s answer the
questions at the end of the case. Also, value-added
comments, points, and experiences are welcome
and encouraged.

Week 6 DQ 2: Segment Reporting and Relevant
Costs for Decisions - Discussion
Research and Application (Graded)
To begin, please read Case 11-22 on page 505 of
the e-book and let's discuss the first question!
Value-added comments, points, and experiences
are also welcomed and encouraged.
Week 6 Assignment:
ACCT 505 Week 6 Quiz (MCQs & Explanatory)
Week 7

Week 7 DQ 1: Capital Budgeting - Discussion
Capital Budgeting (Graded)
Welcome to Week 7 Discussions! Let's begin by
discussing the difference between capital
budgeting screening decisions and capital
budgeting preference decisions. Then, we will
entertain additional questions relating to important
capital budgeting terms, concepts, tools, methods,
etc.
Value-added, comments, points, observations,
and experiences are welcomed and encouraged.
Week 7 DQ 2: Capital Budgeting - Discussion
Exam Review (Graded)
To begin, download the Practice Final Exam from
Doc Sharing to access questions and topics for

eview. For multiple-choice questions, please
explain why the answer chosen is correct and why
the other choices would not be correct. Please
support your response. Let's begin with the
questions on page 1.
Week 7 Assignments:
ACCT 505 Week 7 Course Project Part B; Clark
Paints (Source 1)
ACCT 505 Week 7 Course Project Part B; Clark
Paints (Source 2)
ACCT 505 Week 7 Term Project
Week 8 Final Exam