Textbook Notes for Catherine Wong

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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 9: Middle Management, Degree Of Difficulty, Teaching Hospital

OC21466716 Page
2 Mar 2018
0
Used internally by management and may be used by parties external to the company. Everyone in the company is working towards overall goals: define goal
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 3: Income Statement, Contribution Margin, Scatter Plot

OC21466713 Page
16 Jan 2018
0
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 8: Contribution Margin, Decision-Making, Earnings Before Interest And Taxes

OC21466713 Page
7 Feb 2018
0
Variable costing only variable manufacturing costs: direct materials, direct labour, and variable portion of manufacturing overhead are included in the
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 2: Matching Principle, Sunk Costs, Opportunity Cost

OC21466714 Page
10 Jan 2018
0
Manufacturing costs: direct materials, raw materials are used to make final products, not just natural resources. Finished product of one company can b
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 4: Operating Leverage, Contribution Margin, Fixed Cost

OC21466714 Page
23 Jan 2018
0
The basics of cost-volume-profit (cvp: contribution margin (cm) - amount remaining from sales revenue after variable expenses have been deducted, amoun
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 13: Net Present Value, Discounted Cash Flow, Capital Budgeting

OC21466715 Page
13 Apr 2018
0
Capital budgeting process of planning significant outlays on projects that have long-term implications, such as purchasing new equipment or introducing
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 12: Sunk Costs, Contribution Margin, Income Statement

OC21466714 Page
12 Apr 2018
0
Relevant cost a cost that differs among the alternatives in a particular decision and will be incurred in the future. Cost that has already been incurr
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 11: Fixed Cost, Income Statement, Earnings Before Interest And Taxes

OC21466719 Page
12 Apr 2018
0
Increase motivation and job satisfaction: disadvantages of decentralization, lower-level managers may make decisions without fully understanding the co
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 1: Financial Accounting, Decision-Making, Opportunity Cost

OC21466714 Page
9 Jan 2018
0
Financial accounting provide information to shareholders, creditors, and other stakeholders outside the organization. The work of managers and their ne
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 6: Indian Railways, Finished Good, Production Schedule

OC21466713 Page
31 Jan 2018
0
Same basic purposes: assign materials, labour, and overhead costs to products and provide a mechanism for computing unit costs. Same basic manufacturin
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 10: Standard Cost Accounting, Standard Streams, Ideal Standard

OC214667111 Page
12 Apr 2018
0
Performance measurement provides feedback on what works and what does not work, motivating people to put in effort to meet goals. Standard costs specif
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UWAFM102Catherine WongWinter

AFM102 Chapter Notes - Chapter 5: Expense, Income Statement, Finished Good

OC21466714 Page
27 Jan 2018
0
Absorption costing, aka full costing all manufacturing costs, fixed and variable, are assigned to units of production, units fully absorb manufacturing
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