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ACG 2071 Managerial Accounting is an Accounting course at University of Central Florida. 3 elite notetakers have produced 7 study materials for this Accounting course.
These notes cover the first two chapters of ACG2071: Introduction to Managerial Accoutnting & Building Blocks of Managerial Accounting for our first exam.
These notes cover the last chapter for our first exam. I have added all or most of the journal entries necessary outside the video notes. I will be posting a study guide similar combining all and adding more walk-through problems in the next day or two.
Exam study guide for chapters 1,2,&3
Here are the revised notes I paraphrased from the book for Chapter 4: Job costing. This section primarily focuses on calculating plantwide rates, departmental rate, and activity-based costing rates for manufacturing overhead. Also covers lean thinking, total quality management, cost-benefit analysis, and cost-of-quality measures/reports.
These notes will be covered on our next exam. Covers regression, high-low method, mixed, fixed, and variable cost structure.
Chapter 7 in Managerial Accounting focusing on CVP analysis, income statement approach, shortcut approaches for break-even sales/units. Covers Contribution Margin, CM/unit, CM ratio, operating leverage, and operating leverage factors.
Covers Chapter 4, Chapter 6, & Chapter 7 for Exam 2
Covers the first half of chapter 8 concerning relevant decisions, relevant costs, decision-making concerns, sustainability, incremental analysis of special orders, special orders,etc.
These notes cover product line income statements, avoidable vs. unavoidable costs, offshoring vs. outsourcing, segment margin, product removal, contraints, common fixed expenses, companion products, contractor manufacturers, indifference points of outsourcing, and processing further vs. leaving as is.
These notes cover chapter 9 on budgeting which will be on our final exam.
These notes are the final chapter covered on next exam. Covers financial budgeting, master/flexible/actual budgets, unfavorable/favorable variances, ROI, Sales margin, Capital Turnover ratio, Residual Income, and KPIs.
These are all the worked out problems in Practice tests 1,2, & 3 and how they are done/what formulas to use in certain statistical scenarios. Good luck!
This study guide conceptualizes all terms and formulas from chapters 8,9,&10 for the Final Exam.