Acc 349 Education Specialist -snaptutorial.com

ACC 349 Discussion 4
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What are the differences between variable and absorption costing?
Why is variable costing not allowed for GAAP reporting? Which
method is more useful for internal decision making? Why? As a
manager, which would you prefer? Why?
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For what is cost-volume-profit (CVP) analysis used? What are some
main underlying assumptions that make CVP analysis useful for
decision makers? Why might decision makers use CVP analysis?
What is contribution margin? What is break even point? How are
these used?

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What are some main differences between financial and managerial
accounting? How do these differences affect the type of information
that must be gathered and reported? What different types of decisions
must users of financial accounting information make? What different
types of decisions must users of managerial accounting information
make? How does managerial accounting apply to your career? What
is the code of conduct for managerial accountants?
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What are the cost classifications for assigning cost to cost objects?
What are the cost classifications for manufacturing companies?
What are cost classifications for preparing financial statements?
What are cost classifications for predicting cost behavior? What are
mixed cost?
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What is a master budget? What are some underlying budgets that
form the master budget?
What are the advantages of budgeting? What is the budgeting process
at your organization? Is it effective? Why or why not?
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What are the characteristics of a flexible budget?
How does a flexible budget work?
Do you have experience with this type of budgeting?
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What are some of the potential problems with standard cost? Please
explain your thoughts
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ACC 349 Entire Course
ACC 349 Week 1 Individual Assignment BYP 1-7, E1-7
ACC 349 Week 1 Discussion Question 1
ACC 349 Week 2 Individual Assignment Assignments CH 2 & 3
ACC 349 Week 2 Team Assignment Problems Ch. 2 & 3
ACC 349 Week 2 Team Assignment Case Study BYP 2-2
ACC 349 Week 3 Individual Assignment Article Analysis Summary
ACC 349 Week 3 Individual Assignment Assignments Ch. 4
ACC 349 Week 3 Team Assignment Problems Ch. 4
ACC 349 Week 3 Team Assignment Case Study Ch. 4
ACC 349 Week 4 Individual Assignment Ch. 5 & 6
ACC 349 Week 4 Team Assignment Problems Ch. 7
ACC 349 Week 4 Team Assignment Case Study Ch. 6
ACC 349 Week 5 Individual Assignment Ch. 8, 9, & 11
ACC 349 Week 5 Team Assignment Problems Ch. 8 & 11

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ACC 349 Final Exam Guide (New 2019 with
Excel sheet)
Excel Sheet can be used for any change in values, it automatically
gives correct answers
1.
The following costs were incurred in September:
Direct materials $42,700
Direct labor $29,400
Manufacturing overhead $27,300
Selling expenses $23,600
Administrative expenses $33,700

Conversion costs during the month totaled:
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2.
ACC 349 Final Exam Guide
1) What does cost accounting measure, record, and report?
2) What is the best way to handle manufacturing overhead costs in
order to get the most timely job cost information?

3) At the end of the year, manufacturing overhead has been
overapplied. What occurred to create this situation?
4) Which of the following would be accounted for using a job order
cost system?
5) In a job order cost accounting system, the Work in Process account
is
6) Which one of the following is an important feature of a job order
cost system?
7) Which one of the following is indirect labor considered?
8) Which of the following is an element of manufacturing overhead?
of direct labor.
41) A company must price its product to cover its costs and earn a
reasonable profit in
42) Prices are set by the competitive market when
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What are some of the key differences between financial and
managerial accounting? How do these differences impact the type of
information that must be gathered and reported? What are the
different types of decisions that users of financial accounting
information must make? What are the different types of decisions that
users of managerial accounting information must make?
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What are the differences between a direct cost and an indirect cost?
Which is the more difficult cost to track? Why? How do indirect costs
affect the cost of a product? Should indirect costs be included in
product cost? Why or why not?
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ACC 349 Week 1 Individual Assignment BYP 1-
7, E1-7
Prepare written responses to the following assignments from Ch. 1 of
Managerial Accounting: Tools for Business Decision Making:
Exercise E1-7 exercise #7 only
Ethics Case BYP 1-7 case #7 only
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ACC 349 Week 1 Lab Problems
Week 1

• Question 1 Segregation of duties
is a preventive control
is a detective control
Materials cost added during May
$ 400,240
Conversion Cost Added During May
$ 252,244
Required:
1. Assume that the company uses the weightedaverage method of
accounting for units and costs.Determine the equivalent units for May
for the first process.
2. Compute the costs per equivalent unit for May for the first process.
3. Determine the total cost of ending work in process inventory and
the total cost of units transferred to the next process in May.
• Question 6 Financial accounting focuses on decisions affecting the
future.
False
True
• Question 7 Managerial Accounting creates reports for managers
within the organization while financial accounting creates reports
outside the organization.
True
False

• Question 8 The IMA Statement of Ethical Professional Practice
standards include all of the following EXCEPT:
Honesty
Credibility
Confidence
Competence
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ACC 349 Week 2 Connect Problems (with Excel
Sheet)
This Tutorial contains Excel Sheet which can be used for any values
Week 2
• Question 1 The Hartford Symphony Guild is planning its annual
dinnerdance. The dinnerdance committee has assembled the following
expected costs for the event:

Dinner (per person) $10
Favors and program (per person) $4
Band $700
Rental of ballroom $2,000
Professional entertainment during intermission $2,000
Tickets and advertising $700
b. Should the special order be accepted at this price?
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What is activity-based costing? What are some of the key elements of
activity-based costing? How does this method differ from a more
traditional costing method?
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What are value-added processes? How do you determine if a process
adds value? How does identification of value-added processes help a
company run more efficiently and effectively?
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ACC 349 Week 2 Individual Assignment
Assignments CH 2, 3
Prepare written responses to the following assignments from
Ch. 2 – Exercises E-2-6 and E2-9
Ch. 3 – Exercises E3-5 and E3-9
Ch. 3 – Questions 2 and 3

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Week 2
• Question 1 The Hartford Symphony Guild is planning its
annual dinnerdance. The dinnerdance committee has assembled the
following expected costs for the event:
Dinner (per person) $10
Favors and program (per person) $4
Band $700
Rental of ballroom $2,000
Professional entertainment during intermission $2,000
Tickets and advertising $700
over the usual price.
Required:
What effect would accepting this order have on the company’s net
operating income if a special price of $368.00 per bracelet is offered
for this order?

Should the special order be accepted at this price?
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ACC 349 Week 2 Team Assignment Case Study
BYP 2-2
Prepare written responses to the following case study from Ch. 2 of
Managerial Analysis BYP 2-2
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ACC 349 Week 2 Team Assignment Problems
Ch 2 and 3

Prepare written responses to the following problems from Managerial
Accounting: Tools for Business Decision Making:
Ch. 2 – Problem P2-4A
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ACC 349 Week 3 Connect Problems (with Excel
Sheet)
This Tutorial contains Excel Sheet which can be used for any values
Q-1
Lehner Corporation has provided the following data from its activity-
based costing accounting system:

Indirect factory wages $552,000
Factory equipment depreciation $332,000
Distribution of Resource Consumption across Activity Cost Pools:
The "Other" activity cost pool consists of the costs of idle capacity
and organization-sustaining costs that are
not assigned to products.
How much indirect factory wages and factory equipment depreciation
cost would NOT be assigned to
products using the activity-based costing system?
Q-2
For years, Worley believed that the 6% markup covered its selling
and administrative expenses and
provided a reasonable profit. However, in the face of declining profits
Worley decided to implement an
activity based costing system to help improve its understanding of
customer profitability. The company
broke its selling and administrative expenses into five activities as
shown below:
Activity Cost Pool (Activity Measure)
Customer deliveries (Number of deliveries)
Manual order processing (Number of manual orders)
Electronic order processing (Number of electronic orders)
Line item picking (Number of line items picked)
Other organizationsustaining costs (None)
Total selling and administrative expenses
Worley gathered the data below for two of the many hospitals that it
serves—University and Memorial
(both hospitals purchased a total quantity of medical supplies that had
cost Worley $36,000 to buy from its manufacturers):
Q-3
SecuriCorp operates a fleet of armored cars that make scheduled
pickups and deliveries in the Los
Angeles area. The company is implementing an activitybased
costing system that has four activity cost

pools: Travel, Pickup and Delivery, Customer Service, and Other. The
activity measures are miles for the
Travel cost pool, number of pickups and deliveries for the Pickup and
Delivery cost pool, and number of
customers for the Customer Service cost pool. The Other cost pool
has no activity measure because it is
an organization sustaining
activity. The following costs will be assigned using the activitybased
Costing
system:
Driver and guard wages
Direct labor-hours
Number of orders processed
Cost of materials purchased
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For what is cost-volume-profit (CVP) analysis used? What are some
of the key underlying assumptions that make CVP analysis useful for
decision makers? Why might decision makers use CVP analysis?

*****************************************************************
What are the differences between variable and absorption costing? Why is variable costing
not allowed for GAAP reporting? Which method is more useful for internal decision-making?
Why? As a manager, which would you prefer? Why?
*****************************************************************
ACC 349 Week 3 Individual Assignment Article
Analysis Summary
Use the Internet or other credible resources to find an article relevant
to activity-based costing (ABC), job costing, or process costing.
Write a 125-word summary of the article.

Summarize the major topics of the article, and explain what you
learned as a result of your reading.
Format your summary consistent with APA guidelines.
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ACC 349 Week 3 Individual Assignment
Assignments Ch. 4
Prepare written responses to the following assignments from Ch. 4 of
Exercises E4-10 and E4-11
Questions 13 and 14
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Ch. 4

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ACC 349 Week 3 Team Assignment Part 1
(Jeemp Farms)
Read the following scenario below:
Leighton Beridon owns "Jeemp Farms", located near Weimar, TX.
The farm produces pecan trees and sod. He has so many orders from
the Houston metropolitan area that he is able to sell all his inventory
each year, but he is not netting as much as he has in past years. His
daughter, LieslBeridon, came home from college over Thanksgiving

and mentioned ABC costing, which she learned about in her cost
accounting class. Mr.Beridon does not really know what ABC costing
is and is skeptical as to whether it would be right for his business. He
has hired your company to educate him about ABC and whether or
not he should use an ABC system. Over the next few weeks, you will
work towards helping Mr.Beridon decide what is the best route for his
company to take.
Shortly after you get started, Mr.Beridon sends you an email stating
that he feels he needs to discontinue the sod portion of his business
and focus on his tree sector, as he can charge more per tree than he
can charge for a foot of sod. He sends you an email stating, "I can
charge so much more for a tree than a foot of grass. Therefore, I am
planning on discontinuing the sod portion of the business immediately
as I make so much more on the trees! I am going to plant all my sod
acres with trees".
Write a 700- to 1,050-word paper plan for your boss explaining how
you will analyzeJeemp Farms.
Include the following:
 Prepare an argument convincing him to hold off on his decision
and see the results of your analysis first. As you have not had
time to do any analysis yet, you need to convince Mr.Beridon to
wait on whether to discontinue his sod business.
 Project potential benefits Mr.Beridon could gain from using an
ABC system.
 Explain how ABC creates these benefits.
Your team is planning on conducting an analysis of whether ABC
would be beneficial to Mr.Beridon. Create a process for conducting
this analysis.
Include the following:
1. How could you apply the data in the company's general ledger?
2. Determine questions to ask Mr.Beridon.
3. Determine other information to gather.
4. Explain how this additional information could help you in your
analysis?
5. Explain how you would decide on a final recommendation.
Format your assignment to APA standards.

Click the Assignment Files tab to submit as a Microsoft® Word
document.
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Ch. 4
Prepare written responses to the following problems from Ch. 4 of
Problems P4-3A and P4-4A
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ACC 349 Week 4 Connect Problems (with
Excel Sheet)

This Tutorial contains Excel Sheet which can be used for any
values
Q-1
Puget Sound Divers is a company that provides diving services such
as underwater ship repairs to clients in the Puget Sound area. The
company’s planning budget for May appears below:
During May, the company’s activity was actually 340 diving-hours.
Complete the following flexible budget for that level of activity.
Q-2
Flight Café is a company that prepares in-flight meals for airlines in
its kitchen located next to the local airport. The company’s planning
budget for July appears below:
In July, 22,000 meals were actually served. The company’s flexible
budget for this level of activity appears below:
1.
Compute the company’s activity variances for
July.
Q-3
QuilceneOysteria farms and sells oysters in the Pacific Northwest.
The company harvested and sold 7,300 pounds of oysters in August.
The company’s flexible budget for August appears below:
Compute the company’s revenue and spending variances for August.

Q-4
Selected operating data for two divisions of Outback Brewing, Ltd.,
of Australia are given below:
1. Compute the rate of return for each division using the return on
investment (ROI) formula stated in terms of margin and
turnover.
2.
Which divisional manager seems to be doing
the better job?
Q-5
A planning budget is prepared before the period begins and is valid
for whatever the actual level of activity turns out to be.
True
False
Q-5 (Set 2)
In business, a budget is a method for putting a limit on spending.
True
False
Q-6
Fixed costs should be included in a flexible budget even though they
do not change when the level of activity changes.
True
False
Q-6 (Set 2)
A flexible budget can be used to estimate what revenues and costs
should have been, given the actual
level of activity for the period.
True
False

Q-7
A balanced scorecard consists of an integrated set of performance
measures that are derived from and support a company’s strategy.
True
False
Q-7 (Set 2)
A balanced scorecard should not contain any performance measures
concerning customer satisfaction since the extent to which customers
are satisfied is beyond the control of any manager in the company.
True
False
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What are some of the advantages and disadvantages of standard
costs? How do managers determine what the standard cost should be?
Describe the effect of inaccurate standard costs on financial reporting.

*****************************************************************
When should variances be investigated? Who should be responsible
for correcting a negative variance? Why? What are some factors that
can lead to variances? How can variances be corrected?
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ACC 349 Week 4 Individual Assignment Ch. 5
and 6

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Week 4
• Question 1
Puget Sound Divers is a company that provides diving services such
as underwater ship repairs to clients in the Puget Sound area. The
company’s planning budget for May appears below:
Puget Sound Divers
Planning Budget
For the Month Ended May 31
Budgeted diving-hours (q) 300
Revenue ($410.00q) $ 123,000

Expenses:
Wages and salaries ($12,000 + $126.00q) 49,800
Supplies ($6.00q) 1,800
Equipment rental ($2,300 + $21.00q) 8,600
Insurance ($4,100) 4,100
Miscellaneous ($530 + $1.48q) 974
Total expense 65,274
Net operating income $ 57,726
Required:
1. During May, the company’s activity was actually 290 diving
hours. Complete the following flexible budget for that level of
activity.
• Question 2 Flight Café is a company that prepares inflight meals
for airlines in its kitchen located next to the local airport. The
company’s planning budget for July appears below:
Flight Café
Planning Budget
For the Month Ended July 31
Budgeted meals (q) 27,000
Revenue ($4.30q) $ 116,100
Expenses:
Raw materials ($2.00q) 54,000
Utilities ($2,000 + $0.05q) 3,350
Facility rent ($3,400) 3,400
Insurance ($2,700) 2,700
Miscellaneous ($900 + $0.10q) 3,600
Total expense 78,450
Net operating income $ 37,650
In July, 28,000 meals were actually served. The company’s flexible
budget for this level of activity appears below:

Flight Café
Flexible Budget
For the Month Ended July 31
Budgeted meals (q) 28,000
Revenue ($4.30q) $ 120,400
Expenses:
Raw materials ($2.00q) 56,000
Utilities ($2,000 + $0.05q) 3,400
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Ch. 6
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ACC 349 Week 4 Team Assignment Part 2
(Jeemp Farms)
Mr.Beridon received your requests for information and returned data
which you have compiled in an Microsoft® Excel® spreadsheet (see
document template). He also said, "We grow sod and trees at Jeemp
Farms. We sell the sod mainly to home builders in the area, although
we sell to some individuals who are purchasing square footages to re-
sod their yard. Many home builders will purchase to sod an entire
subdivision. They then may come back to us to purchase trees for the
yards. It really
 as they make the decision as to whether to use ABC and whether
to cut sectors.
 Determine any additional information you would need to have
before making a recommendation.
Click the Assignment Files tab to submit your assignment as a
Microsoft® Word document.
*****************************************************************

Ch. 7
Prepare written responses to the following problems from Ch. 7 of
Problem P7-1A
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ACC 349 Week 5 Connect Problems (With
Excel Sheet)
This Tutorial contains Excel Sheet which can be used for any
change in values, get your 100% score with our sheet

labor-hours. The company incurred a total of $22,100 in variable
overhead costs.
According to the company’s standards, 0.04 direct
labor-hours are required to fulfill an order for one item and the
variable overhead rate is $3.30 per direct labor-hour.
Required:
1. According to the standards, what variable overhead cost should
have been incurred to fill the orders for the 165,000 items? How
much does this differ from the actual variable overhead cost?
2. Break down the difference computed in (1) above into a variable
overhead rate variance and a variable overhead efficiency
variance.
• Question 5 An unfavorablelabor rate variance can occur if
workers with high hourly wage rates are assigned to work on products
with standards that assume workers have low hourly wage rates.
True
False
*****************************************************************

What is a master budget? What are some of the underlying budgets
that form the master budget? What is the budgeting process at your
organization? Is it effective? Why or why not?
*****************************************************************
What is the difference between external and internal pricing? What
factors must be considered when setting internal transfer pricing
between divisions of a company? What are the different methods of
setting internal transfer pricing? Which is the most effective? Why?
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ACC 349 Week 5 IndividualAssignmentCh. 8, 9
and 11

Ch. 8 – Exercises E8-11
Ch. 9 – Brief Exercises BE9-6 and BE9-8
Ch. 11 – Questions 2 and 11
Ch. 11 – Exercise E11-6
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Week 5
• Question 1 Huron Company produces a commercial cleaning
compound known as Zoom. The direct materials and direct labor
standards for one unit of Zoom are given below:
Standard

Quantity or Standard Price
Standard
Hours or Rate
Cost
Direct materials 6.4 pounds $ 3.00 per
pound $19.20
Direct labor 0.4 hours $11.00 per
hour $ 4.40
________________________________________________________
____________________
During the most recent month, the following activity was recorded:
a. Twelve thousand four hundred pounds of material were purchased
at a cost of $2.90 per pound.
b. The company produced only 1,240 units, using 11,160 pounds of
material. (The rest of the material
purchased remained in raw materials inventory.)
c. Five hundred and ninety six hours of direct labor time were
recorded at a total labor cost of $7,152.
Required:
Required:
According to the standards, what variable overhead cost should have
been incurred to fill the orders for the 165,000 items? How much does
this differ from the actual variable overhead cost?
Break down the difference computed in (1) above into a variable
overhead rate variance and a variable overhead efficiency variance.
• Question 5 An unfavorablelabor rate variance can occur if workers
with high hourly wage rates are assigned to work on products with
standards that assume workers have low hourly wage rates.
True
*****************************************************************

False
ACC 349 Week 5 Signature Assignment Ethics
on the Job (2 Papers)
This Tutorial contains 2 Papers
About Your Signature Assignment
Signature/Benchmark Assignments are designed to align with specific
program student learning outcome(s) in your program. Program
Student Learning Outcomes are broad statements that describe what
students should know and be able to do upon completion of their
degree. Signature/Benchmark Assignments are graded with a grading
guide or an automated rubric that allows the University to collect data
that can be aggregated across a location or college/school and used for
course/program improvements.
Submit your assignment to the Assignment Files tab as a Microsoft®
Word document.
Identify a specific job within a specific company that you might be
interested in applying for after you graduate from the University of
Phoenix.
Research the job and the field in general, as well as ethical issues
managerial accountants have faced that would pertain to that field.
Also, educate yourself on the basics of operations within the job and
company you have selected.
Write a 700- to 1,050-word paper to include the following:
 Summarize the main duties of the job.

 Describe a specific ethical issue you might face in that position
using 2 credible sources to support your description.
 Summarize the IMA's standards of ethical practice and conflict
resolution guide.
 Analyze how the IMA's standards of ethical practice and
conflict resolution guide applies to the ethical issue.
 Predict how you would handle the ethical issue.
 Hypothesize what would happen if no one in the company
followed the IMA's standards of ethical practice.
 Assess why it is important to follow the IMA's standards of
ethical practice.
 Design or name any methods of internal controls you think
could prevent or detect the unethical behavior in the future.
Click the Assignment Files tab to submit your assignment as a
Microsoft® Word document.
*****************************************************************
Ch. 8 and 11
Prepare written responses to the following problems from Managerial
Accounting: Tools for Business Decision Making:

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