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Class Notes for Accounting at University of Denver

Exam Study Guides for Accounting Courses

Covers all exam topics.

ACTG 2300 Lecture Notes - Lecture 5: Earnings Before Interest And Taxes, Contribution Margin, Operating Leverage
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COST-VOLUME-PROFIT RELATIONSHIPS Cost-volume-profit (CVP) analysis is concerned with the effects on net operating income of: Selling prices. Sales volume. Unit variable costs. Total fixed costs. The mix ...

Accounting
ACTG 2300
Jeffrey Brothers
ACTG 2300 Lecture Notes - Lecture 3: Gross Margin, Income Statement, Finished Good
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TM 3-1 AGENDA: JOB-ORDER COSTING A. The documents in a job-order costing system. 1. Materials requisition form. 2. Direct labor time ticket. 3. Job cost sheet. B. Applying overhead usi...

Accounting
ACTG 2300
Jeffrey Brothers
ACTG 2300 Lecture 1: Notes w
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InClass Review 1 ONE 1. Estimate how much of the overhead Utilities = 52,000 40,000 = 1.30 utility cost machine hour July +Total OH = 255,800 Supervisor Salary = 70,000 = Maintenance = 185,800 Utilities = 91,000 (1.30*70,0...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 20: Day 20 Notes
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Day 20 Exercise 31 (p. 115) 1. Total Estimated Man. OH Variable = 2.00 hour * 20,000 hours = 40,000 hour Fixed = 94,000 Total = 40,000 + 94,000 = 134,000 2. Total Estimated Allocation Base (direct labor hours) Given = 20,0...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 17: Day 17 Notes
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Day 17 33 Assumptions Scenario Analysis o In case the assumptions change Cash Flow Operating Direct o +Cash Collections (cash sales) o Cash Payments (salaries, purchasing DMWIPFG, SA Exp) Indirect (indirectly determining c...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 19: Day 19 Notes
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Day 19 310 Operating Income = Revenues COGS SGA COGS + SGA = Operating Expenses Net Income = Operating Income Interests Taxes Interests + Taxes = NonOperating Expenses Gross Margin = Revenues COGS Contribution Margin = Rev...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 16: Day 16 Notes
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Day 16 226 Exam 2 5 MC, 3 problems Ch. 7 Activity Based Costing Costing system to determine Unit PDT Cost o DM, DL, OH (OH main focus) Steps 1. Identify activities 2. Activity cost pool 3. Activity cost driver rates a. Act...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 15: Day 15 Notes
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Day 15 224 Budgeting: planning process for setting financial goals Income statement, balance sheet, and cash flow statement Exercise 812 (p. 376) Chart 1 Needs to be in that order Goes most liquid to least liquid Net of de...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 18: Day 18 Notes
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Day 18 35 Revenue Variance = Flexible Budget Revenues Actual Revenues Spending Variance = Actual Cost Flexible Budget Cost DM o Price Variance (Actual Price STD Price) * Total Actual Quantity o Quantity Variance (Total Qua...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 12: Day 12 Notes
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Day 12 212 Why keep items that lose money If the products are complimentary o You cannot sell 1 separate from the other o Function is to attract customers 1. Special Order Accept or reject Customers are asking for a price ...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 11: Day 11 Notes
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Day 11 210 Chapter 12: ShortTerm Business Decisions Traditional and ABC for short term business decisions Assume that there is no time value of money o 1 today is worth the same as 1 in 10 years When you have a problem, mu...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 14: Day 14 Notes
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Day 14 219 EXAM 2 (DCB 300) Ch. 7 Activity Based Costing Ch. 12 short term business decisions (5) Ch. 8 Budgeting CH. 9 Flexible Budget o Variance is not covered on exam Chapter 8 Budgeting Planning and Control Cycle Activ...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 9: Day 9 Notes
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Day 9 23 Chapter 7: Allocation Method Traditional o Actual o Normal ABC Activity Based Costing (ABC) Advanced cost accounting system WHY companies were allocating differently because: 1) OH Cost is becoming increasingly im...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 13: Day 13 Notes
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Day 13 Exercise 129 (p. 565) +Sales: 14.00 per unit DM: 5.10 DL: 3:80 VMOH: 1.00 Variable SA: 1.50 = Unit Profit Margin: 2.60 *Volume: 15,000 = Total Profit Margin = 39,000 Increase in net operating income 4. Only include ...

Accounting
ACTG 2300
Patelli Lorenzo
ACTG 2300 Lecture 8: Day 8 Notes
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Day 8 129 Company K At BEP TFC = 1000 +TCM = ? TFC = 1,000 = OI = 0 TCM = 1,000 Company Z CM Ratio = 40 Price = 50 UVC = ? +P = 50 = 100 UVC = must be 60 so (.6 * 50) = 30 = UCM = 40 REVIEW COGS 3 steps if manufacturing co...

Accounting
ACTG 2300
Patelli Lorenzo
Permachart - Marketing Reference Guide: Statement Of Changes In Equity, Retained Earnings, Cash Cash

permacharts MT FINANCIAL STATEMENTS • Financial statements are documents that are BALANCE SHEET (B/S) STATEMENT OF RETAINED EARNINGS (SRE) ...

Accounting
ACTG 2010
All Professors
Accounting II - Reference Guides

Advance your knowledge with our advanced Accounting II! This companion Guide to Accounting I develops the reader’s understanding of balance sheets before moving into an effective summary of how assets are treated for accou...

Accounting
ACTG 2010
All Professors
Cost Accounting - Reference Guides

Specialized Accounting quick reference information in one handy place! This Guide provides specialized reference material that flows naturally from the contents of its companion Guides Accounting I and Accounting II. The t...

Accounting
ACTG 2010
All Professors

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