Textbook Notes (368,795)
Canada (162,165)
Accounting (533)
ACC 410 (34)
Chapter 4

Chapter 4

3 Pages
153 Views
Unlock Document

Department
Accounting
Course
ACC 410
Professor
Vanessa Magness
Semester
Winter

Description
Chapter 4: Relevant Costs for Non-routine Operating Decisions Routine Operating Decisions: mad on a regular schedule (ex: budgeting done in a year) Non-Routine Decisions: occur less frequently than routine decisions (when we want to re-evaluate operations Process or Addressing Non-routine Operating Decisions Identify type of decision managers must make Identify relevant quantitative analysis techniques (gather relevant information and apply it) Apply each relevant analysis techniques Identify and analyze qualitative factors (using judgement) Consider quantitative and qualitative information to make a decision Applications of non-routine operating decisions Special orders Keep or drop decisions Insource or outsource (make or buy) decisions Constrained resources Product emphasis involving multiple resource constraints and multiple products General Decision Rule: take the action that maximizes current-period income (or minimizes current-period losses) To apply the General Decision Rule: CMU CMU of constrained Resources FC that differ between alternatives
More Less

Related notes for ACC 410

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit