会计学原理英文课件 (21)

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会计学原理英文ppt课件Chapter_01ACCOUNTINGINBUSINESS

会计学原理英文ppt课件Chapter_01ACCOUNTINGINBUSINESS

Users of Accounting
C2
Information
External Users
Internal Users
•Lenders •Consumer Groups •Shareholders •External Auditors
•Governments •Customers
•Managers
Notes Receivable
Accounting Equation
Assets = Liabilities + Equity
A1
Accounts Receivable
Vehicles
Store Supplies
Assets
Cash
Resources owned or controlled by a company
Equipment
statements.
Managerial accounting provides information needs for internal decision makers.
C3 Opportunities in Accounting
Financial
•Preparation •Analysis •Auditing
Principles and Assumptions
C5
of Accounting
Now
Future
Going-Concern Assumption
Reflects assumption that the business will continue operating instead of being closed or sold.
internal controls.

会计学原理英文版第21版第二章AnalyzingandRecor

会计学原理英文版第21版第二章AnalyzingandRecor

2 - 26
P2 Preparing the Trial Balance
Preparing a trial balance involves three steps: 1. List each account title and its amount (from
ledger) in the trial balance. If an account has a zero balance, list it with a zero in the normal balance column (or omit it entirely). 2. Compute the total of debit balances and the total of credit balances. 3. Verify (prove) total debit balances equal total credit balances.
containing all accounts used by
the company.
2 -5
C2 The Account and its Analysis
Owner, Capital Owner, Withdrawals
2 -6
C2
Asset Accounts
Land Buildings Equipment
Re-compute each account balance in the ledger.
Make sure account balances are correctly entered from the ledger.
Verify that each journal entry is posted correctly.

会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS共41页文档

会计学原理英文ppt课件Chapter_01ACCOUNTING IN BUSINESS共41页文档

McGraw-Hill/Irwin
•Managers
•Sales Staff
•Officers/Directors •Budget Officers
•Internal Auditors •Controllers
Slide 2
C2
USERS OF ACCOUNTING
INFORMATION
External Users
C1 IMPORTANCE OF ACCOUNTING
Accounting
Identifying Select transactions and events
Recording Input, measure and classify
Communicating Prepare, analyze and interpret
•Consultants
•Market researchers
•Analysts
•Systems designers
•Traders
•Merger services
•Directors
•Business valuation
•Underwriters
•Human services
•Planners
•Litigation support
Internal Users
Financial accounting provides external users with financial
statements.
McGraw-Hill/Irwin
Managerial accounting provides information needs for internal decision makers.

最新会计学原理英文ppt课件Chapter-01ACCOUNTING-IN-BUSINESS

最新会计学原理英文ppt课件Chapter-01ACCOUNTING-IN-BUSINESS
McGraw-Hill/Irwin
Private accounting
60%
Government, not-for-profit, & education
15%
Slide 6
C4
ETHICSistinguish right
from wrong
entities, including its owner.
McGraw-Hill/Irwin
Time Period Assumption
Presumes that the life of a company can be divided into time periods, such as months and years.
Communicating Prepare, analyze and interpret
McGraw-Hill/Irwin
Slide 2
USERS OF ACCOUNTING
C2
INFORMATION
External Users
Internal Users
•Lenders
•Consumer Groups
Business entity
yes
yes
yes
Legal entity Limited liability
no
no
yes
no*
no*
yes
Unlimited life
no
no
yes
Business taxed
no
no
yes
One owner allowed
yes
no
yes
* Proprietorships and partnerships that are set up as LLCs provide limited liability.

会计学原理英文版

会计学原理英文版

会计学原理英文版Accounting Principles。

Accounting is the language of business. It is the process of recording, summarizing, analyzing, andinterpreting financial information. The principles of accounting provide the framework for the preparation and presentation of financial statements. These principles ensure that the financial information is relevant, reliable, and comparable.The basic principles of accounting include the following:1. Accrual Principle: This principle states thatrevenue and expenses should be recognized when they are incurred, regardless of when cash is received or paid. This means that revenue is recorded when it is earned, and expenses are recorded when they are incurred, regardless of when cash is exchanged.2. Matching Principle: This principle states that expenses should be matched with the revenues they help to generate. This ensures that the financial statements accurately reflect the results of operations for a specific period.3. Cost Principle: This principle states that assets should be recorded at their original cost, rather than at their current market value. This provides a reliable and objective basis for valuing assets.4. Full Disclosure Principle: This principle requires that all relevant information that could affect the decisions of financial statement users should be disclosed in the financial statements or in the accompanying notes.5. Going Concern Principle: This principle assumes thata business will continue to operate indefinitely. This allows for the use of historical cost in valuing assets and liabilities, as well as the use of the accrual basis of accounting.6. Materiality Principle: This principle states that information is material if its omission or misstatement could influence the economic decisions of users of financial statements. Materiality is based on the nature and size of the item.7. Conservatism Principle: This principle states that when in doubt, accountants should choose the method that will result in the least favorable financial statement. This helps to ensure that financial statements are not overstated.These principles form the foundation of accounting and are essential for the preparation of accurate and reliable financial statements. By adhering to these principles, accountants can ensure that the financial information they provide is useful for decision-making purposes.In addition to these basic principles, there are also specific accounting standards and regulations that must be followed, such as the Generally Accepted AccountingPrinciples (GAAP) and the International Financial Reporting Standards (IFRS). These standards and regulations provide further guidance on how to prepare and present financial statements in accordance with the principles of accounting.In conclusion, the principles of accounting areessential for the preparation and presentation of financial information. By following these principles, accountants can ensure that the financial statements are relevant, reliable, and comparable. This in turn provides valuable information for decision-making purposes and helps to maintain the integrity and transparency of the financial reporting process.。

会计学原理-英文版-第21版-第三章-Adjusting-Accounts-and-Preparing-Financial-Statements(ppt文档)

会计学原理-英文版-第21版-第三章-Adjusting-Accounts-and-Preparing-Financial-Statements(ppt文档)
Using the cash basis, the entire $2,400 would be recognized as insurance expense in 2013. No insurance expense from
this policy would be recognized in 2014 or 2015, periods covered by the policy.
3-1
Adjusting Accounts and Preparing Financial Statements
Chapter 3
PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA
Revenues are recognized when cash is received and expenses are recorded when cash is paid.
Non-GAAP
Accounting
3-5
C 2 Accrual Basis versus Cash Basis
On December 1, 2013, FastForward paid $2,400 cash for a twenty-four month business insurance policy.
Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
3-2

会计学原理(英文)

会计学原理(英文)

《会计学原理(英文)》教学大纲王燕祥编写工商管理专业课程教学大纲610 目录Chapter 1 Accounting in Action 第一章会计实践活动 (613)学习目标 (613)Teaching and homework hours 教学与作业时间 (613)Reading and References 学生必读和参考书目 (613)Chapter 2 The Recording Process 第二章记录过程 (615)学习目标 (615)Teaching and homework hours 教学与作业时间 (615)Reading and References 学生必读和参考书目 (615)Chapter 3 Adjusting the Accounts 第三章调整账户 (617)学习目标 (617)Teaching and homework hours 教学与作业时间 (617)Reading and References 学生必读和参考书目 (617)Chapter 4 Completion of the Accounting Cycle 第四章完成会计循环 (619)学习目标 (619)Teaching and homework hours 教学与作业时间 (619)Reading and References 学生必读和参考书目 (619)Chapter 5 Accounting for Merchandising Operations 第五章商品经营活动的会计核算 (621)学习目标 (621)Teaching and homework hours 教学与作业时间 (621)Reading and References 学生必读和参考书目 (621)Chapter 6 Inventories 第六章存货 (623)学习目标 (623)Teaching and homework hours 教学与作业时间 (624)Reading and References 学生必读和参考书目 (624)Chapter 7 Accounting Information Systems 第七章会计信息系统 (626)学习目标 (626)Teaching and homework hours 教学与作业时间 (626)Reading and References 学生必读和参考书目 (626)Chapter 8 Internal Control and Cash 第八章内部控制和现金 (628)学习目标 (628)Teaching and homework hours 教学与作业时间 (628)Reading and References 学生必读和参考书目 (628)Chapter 9 Accounting for Receivables 第九章应收款项的会计核算 (630)学习目标 (630)Teaching and homework hours 教学与作业时间 (630)Reading and References 学生必读和参考书目 (630)Chapter 10 Plant Assets, Natural Resources, and Intangible Assets 第十章厂场资产、自然资源和无形资产 (632)会计学原理(英文)学习目标 (632)Teaching and homework hours 教学与作业时间 (632)Reading and References 学生必读和参考书目 (633)Chapter 11 Current Liabilities and Payroll Accounting 第十一章流动负债和工资的核算 (634)学习目标 (634)Teaching and homework hours 教学与作业时间 (634)Reading and References 学生必读和参考书目 (634)Chapter 12 Accounting Principles 第十二章会计原则 (636)学习目标 (636)Teaching and homework hours 教学与作业时间 (636)Reading and References 学生必读和参考书目 (636)Chapter 13 Accounting for Partnerships 第十三章合伙企业的会计核算 (638)学习目标 (638)Teaching and homework hours 教学与作业时间 (638)Reading and References 学生必读和参考书目 (638)Chapter 14 Corporations: Organization and Capital Stock Transactions 第十四章公司:组织和股本交易 (640)学习目标 (640)Teaching and homework hours 教学与作业时间 (640)Reading and References 学生必读和参考书目 (640)Chapter 15 Corporations: Dividends, Retained Earnings, and Income Reporting 第十五章股利、保留盈余和收益报告 (642)学习目标 (642)Teaching and homework hours 教学与作业时间 (642)Reading and References 学生必读和参考书目 (642)Chapter 16 Long-Term Liabilities 第十六章长期负债 (644)学习目标 (644)Teaching and homework hours 教学与作业时间 (644)Reading and References 学生必读和参考书目 (644)Chapter 17 Investments 第十七章投资 (646)学习目标 (646)Teaching and homework hours 教学与作业时间 (646)Reading and References 学生必读和参考书目 (646)Chapter 18 The Statement of Cash Flows 第十八章现金流量表 (648)学习目标 (648)Teaching and homework hours 教学与作业时间 (648)Reading and References 学生必读和参考书目 (648)Chapter 19 Financial Statement Analysis 第十九章财务报表分析 (650)学习目标 (650)Teaching and homework hours 教学与作业时间 (650)Reading and References 学生必读和参考书目 (650)Chapter 20 Managerial Accounting 第二十章管理会计 (652)611工商管理专业课程教学大纲612 学习目标 (652)Teaching and homework hours 教学与作业时间 (652)Reading and References 学生必读和参考书目 (652)Chapter 21 Job Order Cost Accounting 第二十一章分批成本法 (654)学习目标 (654)Teaching and homework hours 教学与作业时间 (654)Reading and References 学生必读和参考书目 (654)Chapter 22 Process Cost Accounting 第二十二章分步成本法 (656)学习目标 (656)Teaching and homework hours 教学与作业时间 (656)Reading and References 学生必读和参考书目 (657)Chapter 23 Cost-V olume-Profit Relationships 第二十三章本量利分析 (658)学习目标 (658)Teaching and homework hours 教学与作业时间 (658)Reading and References 学生必读和参考书目 (659)Chapter 24 Budgetary Planning 第二十四章编制预算 (660)学习目标 (660)Teaching and homework hours 教学与作业时间 (660)Reading and References 学生必读和参考书目 (660)Chapter 25 Budgetary Control and Responsibility Accounting 第二十五章预算控制和责任会计 662 学习目标 (662)Teaching and homework hours 教学与作业时间 (662)Reading and References 学生必读和参考书目 (662)Chapter 26 Performance Evaluation through Standard Costs 第二十六章利用标准成本进行业绩评价 (664)学习目标 (664)Teaching and homework hours 教学与作业时间 (664)Reading and References 学生必读和参考书目 (664)Chapter 27 Incremental Analysis and Capital Budgeting 第二十七章增量分析和资本预算 (666)学习目标 (666)Teaching and homework hours 教学与作业时间 (667)Reading and References 学生必读和参考书目 (667)会计学原理(英文)Chapter 1 Accounting in Action第一章会计实践活动STUDY OBJECTIVESAfter studying this chapter you should be able to:1.Explain what accounting is.2.IDENTIFY THE USERS AND USES OF ACCOUNTING.3.UNDERSTAND WHY ETHICS IS A FUNDAMENTAL BUSINESS CONCEPT.4.EXPLAIN THE MEANING OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLESAND THE COST PRINCIPLE.5.EXPLAIN THE MEANING OF THE MONETARY UNIT ASSUMPTION AND THE ECONOMIC ENTITY ASSUMPTION.6.STATE THE BASIC ACCOUNTING EQUATION AND EXPLAIN THE MEANING OF ASSETS, LIABILITIES, AND OWNER’S EQUITY.7.ANALYZE THE EFFECT OF BUSINESS TRANSACTIONS ON THE BASIC ACCOUNTING EQUATION.8.Understand what the four financial statements are and how they are prepared.学习目标学完本章之后,学生应该能够达到以下目标:1.解释什么是会计。

会计学原理23版 英文版课件WildFAP23eCh18PPT

会计学原理23版 英文版课件WildFAP23eCh18PPT
The Institute of Management Accountants has issued a code of ethics to help accountants involved in solving ethical dilemmas.
7 Learning Objective C1: Explain the purpose and nature of, and the role of ethics in, managerial accounting.
statements.
2
Learning Objective
C1: Explain the purpose and nature
of, and the role of ethics in, managerial accounting.
3
18 - 4
Managerial Accounting Basics
Fraud affects all business and it is costly: The 2016 Report to the Nations from the Association of Certified Fraud Examiners (ACFE) estimates the average U.S. business loses 5% of its annual revenues to fraud.
Activity
• Total fixed costs do not change when activity changes.
Cost
Cost
• Total variable costs change
Activity
in proportion

会计学原理23版 英文版课件WildFAP23eCh11PPT

会计学原理23版 英文版课件WildFAP23eCh11PPT
Interest expense = $2,000 × 12% × (60 ÷ 360) = $40
16 Learning Objective P1: Prepare entries to account for short-term notes payable.
11 - 17
When Note Extends over Period-End
11 - 16
Note Given To Borrow From Bank
On Sept. 30, a company borrows $2,000 from a bank at 12% interest for 60 days.
On Nov. 29, the company repays the principal of the note plus interest.
whichever is longer.
5 Learning Objective C1: Describe current and long-term liabilities and their characteristics.
11 - 6
Current and Lone Given to Extend Credit Period
On October 22, Brady pays the note plus interest to McGraw.
Interest expense = $500 × 12% × (60 ÷ 360) = $10
15 Learning Objective P1: Prepare entries to account for short-term notes payable.
Jun. 30

会计学原理英文课件 (21)

会计学原理英文课件 (21)
0 4 5 6 Activity, 1,000’s of Units Produced
21 - 11
P1
The High-Low Method
The following relationships between units produced and total cost are observed:
20 Total Cost in 1,000’s of Dollars
Δ in cost Δ in units
Vertical distance is the change in cost.
10
* * * *
0 1 2 3
* ** * **
Horizontal distance is the change in activity.
Cost per call declines as activity increases.
21 - 4
C1
Variable Costs
Cost per Minute Minutes Talked Minutes Talked Total Costs
Total variable costs increase as activity increases.
21 - 1
Cost-Volume-Profit Analysis
Chapter 21
PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA
21 - 7

会计学原理英文课件 (24)

会计学原理英文课件 (24)

approximates master budget
► Behavior of costs is fixed in activity.
u Appropriate for fixed costs.
response to changes in
u Not appropriate for variable costs.
24-13
LO 1
DO IT! 1 Static Budget Report
Lawler Company expects to produce 5,000 units of product CV93 during the current month. Budgeted variable manufacturing costs per unit are direct materials $6, direct labor $15, and overhead $24. Monthly budgeted fixed manufacturing overhead costs are $10,000 for depreciation and $5,000 for supervision. In the current month, Lawler actually produced 5,500 units and incurred the following costs: direct materials $33,900, direct labor $74,200, variable overhead $120,500, depreciation $10,000, and supervision $5,000. Prepare a static budget report. (Hint: The Budget column is based on estimated production of 5,000 units while the Actual column is the actual costs incurred during the period.)

会计学原理23版 英文版课件WildFAP23eCh16PPT

会计学原理23版 英文版课件WildFAP23eCh16PPT

9
and describe how noncash investing and financing activities are disclosed.
Financing Activities
Exhibit 16.3
Learning Objective C1: Distinguish between operating, investing, and financing activities,
3
Importance of Cash Flows
What explains the change in the cash
balance?
Where does a company spend its
cash?
How does a company receive its
cash?
Why do income and cash flows differ?
so that market value is unaffected by interest rate changes.
5
Learning Objective
C1: Distinguish between operating,
investing, and financing activities, and describe how
Financing Activities - Cash receipts and disbursements generally related to long-term liabilities and equity. (And non-operating short-term debts)
Learning Objective C1: Distinguish between operating, investing, and financing activities,

会计学原理-英文版-第21版-第三章-Adjusting-Accounts-and-Preparing-Financial-Statements(方案).ppt

会计学原理-英文版-第21版-第三章-Adjusting-Accounts-and-Preparing-Financial-Statements(方案).ppt

Summary of Expenses
Rent Gasoline Advertising Salaries Utilities and . . . .
$1,000 500
2,000 3,000
450 ....
Now that we have recognized the revenue, let’s see what expenses
as insurance expense in 2013. No insurance expense from
this policy would be recognized in 2014 or 2015, periods
covered 精b品y文t档he policy.
5
3 -6
C2 Accrual Basis versus Cash Basis
On the accrual basis, $100 of insurance expense is recognized in 2013, $1,200 in 2014, and $1,100 in
2015. The expense is matched with the periods benefited by the insurance coverage.
we incurred to generate that revenue.
精品文档
8
3 -9
C3 Framework for Adjustments
An adjusting entry is recorded to bring an asset or liability account balance to its proper amount.
Revenues are recognized when cash is received and expenses are recorded when cash is paid.

会计学原理英文版第21版第二篇AnalyzingandRecordingTransactions

会计学原理英文版第21版第二篇AnalyzingandRecordingTransactions
2 -1
Analyzing and Recording Transactions
Chapter 2
PowerPoint Authors: Susan Coomer Galbreath, Ph.D., CPA Charles W. Caldwell, D.B.A., CMA Jon A. Booker, Ph.D., CPA, CIA Cynthia J. Rooney, Ph.D., CPA
Notes Payable
Unearned Revenue
2 -8
C2
Equity Accounts
Owner’s Capital
Owner’s Withdrawals
Equity Accounts
Revenues
Expenses
2 -9
C2 The Account and its Analysis
2 -4
C2 The Account and Its Analysis
An account is a record of
increases and decreases in a specific asset, liability, equity,
revenue, or expense item.
The general ledger is a record
2 - 17
P1 Balance Account Column
T-accounts are useful illustrations, but balance column ledger accounts are used in practice.
- 18
lending, and other business decisions.

会计学原理英文版第21版第二章AnalyzingandRecor精品文档

会计学原理英文版第21版第二章AnalyzingandRecor精品文档

2 - 12
C 4 Double-Entry Accounting
Assets = Liabilities + Equity
2 - 13
C 4 Double-Entry Accounting
Here is the expanded accounting equation showing the equity section.
Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
2-2
C 1 Analyzing and Posting Process
The accounting process identifies business transactions and events, analyzes and records their effects, and summarizes and presents information in reports and financial statements. These reports and statements are used for making investing,
Байду номын сангаас
2 - 20
A1
Analyzing Transactions
2 - 21
A1
Analyzing Transactions
2 - 22
A1
Analyzing Transactions
2 - 23
A1
Analyzing Transactions
2 - 24
A1
Analyzing Transactions

会计学原理Accounts Receivable英文PPT

会计学原理Accounts Receivable英文PPT

Jan. 18 Dr Allowance for Doubtful Accounts $250
Cr Accounts Receivable
$250
- Leonardo Dicaprio
Valuing Accounts Receivable
• If on May 11 Leonardo Dicaprio pays full his account previously written off,the entries are:
• Accounts receivable is a legally enforceable claim for payment from a bussiness to its customer for goods supplied and services rendered in execution of the customer's order.
$480
Cr Accounts Receivable $480
Valuing Accounts Receivable
• Direct Write-Off Method/直接核销法/
Eg: If Dreamwork determines on June 24 that it cannot collect $250 owed to it by its customer Johnny Depp, it recognizes the loss using the direct write-off method as follows:
ቤተ መጻሕፍቲ ባይዱstimating bad debts
• Percent of Receivables Method/应收账款百分 比法/
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21 - 3
C1
Fixed Costs
Monthly Basic Telephone Bill per Local Call Number of Local Calls
Monthly Basic Telephone Bill Number of Local Calls
Total fixed costs remain constant as activity increases.
Cost per call declines as activity increases.
21 - 4
C1
Variable Costs
Cost per Minute Minutes Talked Minutes Talked Total Costs
Total variable costs increase as activity increases.
Least-squares regression is usually covered in advanced cost accounting courses. It is commonly used with spreadsheet programs or calculators.
The objective of the cost analysis remains the same: determination of total fixed cost and the variable unit cost.
0 4 5 6 Activity, 1,000’s of Units Produced
21 - 11
P1
The High-Low Method
The following relationships between units produced and total cost are observed:
Sales Revenue (2,000 units) Less: Variable costs Contribution margin Less: Fixed costs Net income Total $ 200,000 140,000 $ 60,000 24,000 $ 36,000 Unit $ 100 70 $ 30
21 - 9
P1
Scatter Diagrams
Draw a line through the plotted data points so that about equal numbers of points fall above and below the line.
20
Total Cost in 1,000’s of Dollars
Total Utility Cost
Variable Cost per KW
Activity (Kilowatt Hours)
Fixed Monthly
Utility Charge
21 - 6
C1
Step-Wise Costs
Total cost increases to a new higher cost for the next higher range of activity, but remains constant within a range of activity.
Unit sales price less unit variable cost ($30 in previous example)
21 - 19
P2
Computing the Break-Even Point
21 - 16
A1
Contribution Margin and its Measures
Sales Revenue (2,000 units) Less: Variable costs Contribution margin Less: Fixed costs Net income Total $ 200,000 140,000 $ 60,000 24,000 $ 36,000 Unit $ 100 70 $ 30
Using these two levels of activity, compute: the variable cost per unit. the total fixed cost.
21 - 12
P1
The High-Low Method
High activity level - October Low activity level - February Change in activity Units 67,500 17,500 50,000 Cost $ 29,000 20,500 $ 8,500
Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
21 - 2
Identifying Cost Behavior
Cost-volume-profit analysis is used to answer questions such as: – What sales volume is needed to earn a target income? – What is the change in income if selling prices decline and sales volume increases? – How much does income increase if we install a new machine to reduce labor costs? – What is the income effect if we change the sales mix of our products or services?
21 - 15
A1
Contribution Margin and its Measures
Sales Revenue (2,000 units) Less: Variable costs Contribution margin Less: Fixed costs Net income Total $ 200,000 140,000 $ 60,000 24,000 $ 36,000 Unit $ 100 70 $ 30
21 - 14
A1
Using Break-Even Analysis
The break-even point (expressed in units of product or dollars of sales) is the unique sales level at which a company earns neither a profit nor incurs a loss.
20 Total Cost in 1,000’s of Dollars
Δ in cost Δ in units
Vertical distance is the change in cost.
10
* * * *
0 1 2 3
* ** * **
Horizontal distance is the change in activity.
How much contribution margin must Rydell Company have to cover its fixed costs (break-even)? Answer: $24,000 How many units must Rydell sell to cover its fixed costs (break-even)? Answer: $24,000 ÷ $30 per unit = 800 units
Contribution margin ratio
= =
Contribution margin per unit Sales price per unit
Contribution margin ratio
$30 per unit $100 per unit
=
30%
21 - 17
P2
Computing the Break-Even Point
10
* * * *
0 1 2 3
* ** * **
Estimated fixed cost = 10,000
0 4 5 6 Activity, 1,000’s of Units Produced
21 - 10
P1
Scatter Diagrams
Unit Variable Cost = Slope =
21 - 7
C1
Curvilinear Costs
Costs that increase when activity increases, but in a nonlinear manner.
21 - 8
P1
Measuring Cost Behavior
The objective is to classify all costs as either fixed or variable. We will look at three methods: 1.Scatter diagrams. 2.The high-low method. 3.Least–squares regression. A scatter diagram is a plot of cost data points on a graph. It is almost always helpful to plot cost data to be able to observe a visual picture of the relationship between cost and activity.
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