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Managerial Accounting

This class was created by Brainscape user Mariah Loyzer. Visit their profile to learn more about the creator.

By: Mariah Loyzer
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Decks in this class (12)

Chapter 1: Managerial Accounting and Cost Concepts
Concerned with reporting financia...,
Concerned with providing informat...,
What are the 5 purposes of cost c...
102  cards
Chapter 2: Job-Order Costing
Companies that use job order cost...,
A bill of materials contains the ...,
Direct materials costs are record...
38  cards
Chapter 3: Exchange and Markets
What are the goals of economic sy...,
What 3 key questions do economic ...,
What determines the answers to th...
87  cards
Chapter 4
A plantwide overhead rate based o...,
When a company has extensive prod...,
In abc any event that causes cons...
37  cards
Chapter 6: Cost-Volume-Profit Relationships
Cvp analysis allows companies to ...,
Contribution margin 2,
The calculation of contribution m...
35  cards
Chapter 5
The two general costing approache...,
Variable costing income statement...,
Direct costing or marginal costin...
38  cards
Chapter 7: Variable Costing and Segment Reporting
Blank 1
1  cards
Chapter 8: Master Budgeting
Gathering feedback to ensure that...,
Budgets _____ 2,
A budget that is prepared with th...
66  cards
Chapter 9: Flexible Budgets
The variance analysis cycle _____ 1,
A budget that is prepared at the ...,
A flexible budget shows what budg...
63  cards
Chapter 10: Performance Measurement
In decentralized organizations de...,
Any part of an organization whose...,
Managers of cost centers are expe...
37  cards
Chapter 11: Differential Analysis
The first step in decision making...,
Costs and benefits that always di...,
Synonyms for differential costs i...
59  cards
Chapter 12: Capital Budgeting Decisions
How managers plan significant inv...,
Typical capital budgeting decisio...,
Current assets minus current liab...
14  cards

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Managerial Accounting

  • Class purpose General learning

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