New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Managerial Accounting Class Notes Chapter 9

by: Emanuel Nunez

Managerial Accounting Class Notes Chapter 9 Acc 204

Marketplace > Pace University > Accounting > Acc 204 > Managerial Accounting Class Notes Chapter 9
Emanuel Nunez
View Full Document for 0 Karma

View Full Document


Unlock These Notes for FREE

Enter your email below and we will instantly email you these Notes for Managerial Accounting

(Limited time offer)

Unlock Notes

Already have a StudySoup account? Login here

Unlock FREE Class Notes

Enter your email below to receive Managerial Accounting notes

Everyone needs better class notes. Enter your email and we will send you notes for this class for free.

Unlock FREE notes

About this Document

These notes are from March 28th and 30th.
Managerial Accounting
Professor Hannon
Class Notes
managerial accounting, Professor Hannon, Accounting, Accounting 204




Popular in Managerial Accounting

Popular in Accounting

This 2 page Class Notes was uploaded by Emanuel Nunez on Tuesday March 29, 2016. The Class Notes belongs to Acc 204 at Pace University taught by Professor Hannon in Spring 2016. Since its upload, it has received 7 views. For similar materials see Managerial Accounting in Accounting at Pace University.

Similar to Acc 204 at Pace

Popular in Accounting


Reviews for Managerial Accounting Class Notes Chapter 9


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 03/29/16
Managerial Accounting Chapter 9 Static planning budget- lots of things in the budget are called revenues. Many cost drivers (ch. 2). Ex: $1,000 Actual results-cant change. They are what they are. Ex: $1,100. Amounts are called revenue. Everything is compared to flexible budget. Flexible budget consists of level achieved. $1,100 is the level achieved since it is the actual amount. This will be on the final. It wont be like that exactly in the final. Expenses wull be multiplied with revenues including cost drivers. According to Hannon. Whats the cue for salaries and wages, utilities, depreciation? Ask these questions and you can come up with the value for the planning budget. This is where the $1,000 comes from. Cue- cost driver FU- FAVORABLE or unfavorable Page 402 very important page. Put great emphasis on this. Activity Variance- Flexible Budget minus planning budget, then you determine favorable or unfavorable depending on if its for revenues or expenses. Revenue and Spending Variances- actual results minus flexible budget Actual quantity times actual price and Actual quantity times standard price Both answers equal price variance. Actual quantity times standard price and standard quanitity times standard price equals quanitity variance. Both price variance and quantity variance multiplied equals spending variance. Standard (whatever unit)-what should we have achieved. Page 400 exhibit 9-7 is very important to understand favorable and unfavorable The difference between 1100 level achieved and 1000 static plan is that it will be 100 activity. 1100 actual 1100 level achieved 1000 static plan Revenue and spending Activity AQ AQ SQ x x x AP SP SP Price Quantity Spending Cost center- department in an organization. Flexible budgets may be prepared for any activity level in the relevant range. Shows cost that should have been incurred at the actual level of activity enabling “apples to apples” cost comparisons. Helps managers control costs. Depreciation is a fixed expense. Non-profit orgs can receive funding from sources other than the sale of goods and services, so revenues may consist of both fixed and variable elements. Funding like state funding, endowments. Performance reports are prepared in cost centers. Chapter 9: Homework 9-17. $830 favorable 20790 unfavorable


Buy Material

Are you sure you want to buy this material for

0 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Janice Dongeun University of Washington

"I used the money I made selling my notes & study guides to pay for spring break in Olympia, Washington...which was Sweet!"

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.