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Study Guides for Kayla Levesque

LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Management Control System, Inventory Turnover, Profit Center

Meghan Lever2 Page
28 Nov 2017
0
The management control system determines: how information is gathered, who gets that information, what they are expected to do with it! Management cont
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Variable Cost

Meghan Lever2 Page
28 Nov 2017
0
It is based on only one level of output. It is not adjusted for volume after it is set. Static budget variance is the difference between the static bud
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Budget, Operating Budget, Pro Forma

Meghan Lever3 Page
29 Oct 2017
0
A budget is a plan of action, a formal quantitative benchmark to measure actual performance. A budget can help identify operating or financial problems
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Final: Chapter 6 - Job Costing

Meghan Lever3 Page
29 Oct 2017
0
Job costing is used whenever the cost object is a distinct unit or batch. Process costing is used for mass produced objects. Think of nails, soup cans,
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Jet Fuel

Meghan Lever1 Page
29 Oct 2017
0
In some industries a number of products are produced from a single raw material input. For example, in the petroleum industry a large number of product
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Opportunity Cost

Meghan Lever2 Page
29 Oct 2017
0
Opportunity cost- the profit rejected by using limited resources for a particular purpose. Differential cost- the difference in total cost between alte
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Final Guide: Capital Budgeting, Cash Flow, Net Present Value

Meghan Lever2 Page
29 Oct 2017
0
In the role of a management accountant, you can help managers make smart financial decisions. Management accountants are problems solvers, analyzing ma
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Activity-Based Costing

Meghan Lever1 Page
29 Oct 2017
0
Cost object made up of 3 components: direct material, plus, direct labour, plus, factory overhead machine hours or direct labour costs. To determine (c
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Indirect Costs, Pro Rata, Income Statement

Meghan Lever2 Page
28 Oct 2017
0
Cost object anything for which a separate cost is desired! Cost accumulation collection of cost data in an organized way through the. Cost assignment g
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Fixed Cost, Toronto General Hospital

Meghan Lever1 Page
28 Oct 2017
0
A more detailed look at cost terms will help further our analysis of quantifying how activities of an organization affect the levels of costs. Many act
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Cost Driver, Contribution Margin, Fixed Cost

Meghan Lever6 Page
28 Oct 2017
0
Management accountants must make decisions that promote profitability and the effective and efficient use of resources. In order to make these decision
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LAURENTIANCOMM-2016ELKayla LevesqueFall

COMM-2016EL Study Guide - Midterm Guide: Gross Margin, Income Statement

Meghan Lever1 Page
28 Oct 2017
0
All variable manufacturing costs and all fixed manufacturing costs are inventoriable costs . Product costs include direct materials, direct labour, and
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