Textbook Notes for Michael Khan

UTSGRSM222H1Michael KhanWinter

RSM222H1 Chapter Notes - Chapter 1: Cost Driver, Marginal Cost, Fixed Cost

OC50124 Page
18 Oct 2012
34
It provides information to managers for use in planning and controlling operations as well as decision making. The essential steps include: planning, d
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UTSGRSM222H1Michael KhanWinter

RSM222H1 Chapter Notes - Chapter 3-5: Cross-Functional Team, Cost Driver, Activity-Based Costing

OC50125 Page
18 Oct 2012
31
The way a product is costed can have an impact on net income and management decisions. The purpose is to provide cost data to help managers plan, contr
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UTSGRSM222H1Michael KhanWinter

RSM222H1 Chapter Notes - Chapter 7: Tjust, Finished Good, Contribution Margin

OC501213 Page
18 Oct 2012
32
Cvp focuses on how profits are affected by: prices of products, volume/activity level, per unit variable costs, total fixed costs, mix of products sold
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UTSGRSM222H1Michael KhanWinter

RSM222H1 Chapter Notes -Earnings Before Interest And Taxes, Sunk Costs, Income Statement

OC50126 Page
18 Oct 2012
35
Management by exception a system in which standards are set for operating activities which are periodically compared to actual results. Standard cost c
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