Expand your analysis of a topic covered in chapters 10-16 into a 1 to 2 page APA

Question

Expand your analysis of a topic covered in chapters 10-16 into a 1 to 2 page APA style paper. Include your assessment of the topics%u2019 application in managerial accounting. Include examples

The topics are ch 10 An Introduction to managerial Accounting

ch 11 Cost behavior, Operating leverage and Profitability Analysis

ch 12 Cost Accumulation, Tracing and Allocation

ch 13 Relevant information for special decisions

ch 14 Planning for profit and cost control

ch 15 Performance Evaluation

ch 16 Planning for capital investments

Explanation / Answer

Chapter 10 main points: 1. Distinguish between managerial and financial accounting. 2. Identify the cost components of a product made by a manufacturing company: the cost of materials, labor, and overhead. 3. Explain the need for determining the average cost per unit of a product. 4. Distinguish between a cost and an expense. 5. Explain the effects on financial statements of product costs versus general, selling, and administrative costs. 6. Explain how cost classification affects financial statements and managerial decisions. 7. Identify the standards of ethical conduct and the features that motivate misconduct. 8. Distinguish product costs from upstream and downstream costs. 9. Explain how products provided by service companies differ from products made by manufacturing companies. 10. Explain how emerging trends such as activity based management, value-added assessment, and just-in-time inventory are affecting the managerial accounting discipline. Chapter 11: Distinguish between fixed and variable cost behavior. Demonstrate the effects of operating leverage on profitability. Prepare an income statement using the contribution margin approach. Calculate the magnitude of operating leverage. Demonstrate how the relevant range and the decision-making context affect cost behavior. Determine the sales price of a product using a costplus pricing approach. Calculate the break-even point. Calculate the sales volume required to realize a target profit. Calculate the margin of safety in units, dollars, and percentage. Chapter 12: Describe the relationships among cost objects, cost drivers, and cost accumulation. Distinguish direct costs from indirect costs. Use basic mathematics to compute indirect cost allocations. Select appropriate cost drivers for allocating indirect costs in a variety of different circumstances. Use allocation to solve problems that emerge in the process of making cost-plus pricing decisions. Explain why companies establish indirect cost pools. Recognize human motivation as a key variable in the allocation process. Chapter 13: Identify the characteristics of relevant information. Recognize sunk costs and explain why they are not relevant in decision making. Distinguish between unit-level, batch-level, product level, and facility-level costs and understand how these costs affect decision making. Identify opportunity costs and explain why they are relevant in decision making. Distinguish between quantitative and qualitative characteristics of decision making. Make appropriate special order decisions by analyzing relevant information. Make appropriate outsourcing decisions by analyzing relevant information. Make appropriate segment elimination decisions by analyzing relevant information. Make appropriate asset replacement decisions by analyzing relevant information. Chapter 14: Describe the budgeting process and the benefits it provides. Explain the relationship between budgeting and human behavior. Prepare a sales budget and related schedule of cash receipts. Prepare an inventory purchases budget and related schedule of cash payments. Prepare a selling and administrative expense budget and related schedule of cash payments. Prepare a cash budget. Prepare a pro forma income statement, balance sheet, and statement of cash flows. Chapter 15: Describe the concept of decentralization. Describe the differences among cost, profit, and investment centers. Explain the controllability concept. Distinguish between flexible and static budgets. Compute revenue and cost variances and interpret whether the variances signal favorable or unfavorable performance. Compute sales volume variances (differences between static and flexible budgets) and explain how volume variances affect fixed and variable costs. Compute and interpret flexible budget variances (differences between flexible budget and actual results). Evaluate investment opportunities using the return on investment technique. Evaluate investment opportunities using the residual income technique. Chapter 16: Explain the time value of money concept and apply it to capital investment decisions. Use present value tables to determine the present value of future cash flows. Use computer software in determining present values. Determine and interpret the net present value of an investment opportunity. Determine the internal rate of return of an investment opportunity. Determine the payback period for an investment opportunity. Determine the unadjusted rate of return for an investment opportunity. Conduct a postaudit of a completed investment.

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