ACCT 2301 Study Guide - Final Guide: Net Present Value, Outsourcing, Contribution Margin

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16 Dec 2016
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Used in manufacturing process, future economic benefit, owned/controlled. Direct materials, direct labor, overhead (depreciation on manufacturing equipment) Office rent, administrative salaries, office supplies, deprecation of office furniture. Chapter 2 cost behavior, operating leverage, and profitability analysis. Total cost = vc + fc total fc. Chapter 3: analysis of cost, volume, and pricing to increase profitability. Net income = revenue variable costs - fixed costs. Contribution margin per unit: sales price variable cost per unit. Contribution margin ratio = contribution margin + sales. Margin of = budgeted sales breakeven sales. Sales volume = fixed costs + desired profit. Sales volume = fixed cost + desired profit in units. Break-even point = total units x proportionate share of sales mix. Allocation rate = total cost to be allocated. Allocation per: allocation rate* weight of the cost object cost driver (weight of the base) Chapter 5: cost management abc, abm and tqm.

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