MGAB03H3 Study Guide - Final Guide: Activity-Based Costing, Cash Flow, Cost Driver

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12 Apr 2013
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1 saq abc ( chap 5, 7 job costing mark-up) 1 saq special order (chapter 4, 13 limited to 1 question short term decision. 1 saq- long term decision (chapter 12/16) Activity based costing indirect costs are divided into sub pools of cost of activities. Activity costs are allocated to the cost drivers costs are proportionally allocated. Using abc to evaluate the costs and bneefits of production and internal support activities, and to identify and implement opportunities for improvements in profitability, efficiency, and quality within an organization manages customer profitablitiy. Operating budget revenue, production, dm, dl, manufacturing overhead, inventory and cogs, support department, budgted income statement (example) Financial budget: capital, long-term financing, cash, budgeted balance sheet, budgeted statement of cash flows. Cash budget: cash receipts, cash disbursements, short-term borrowings and investments (example) Budget variances are investigated and categorized as favourable or unfavourable.

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