ACCT 2122

From the Instructor:
I look forward to getting to know members of the class.
It is my hope that you will find the class to be enjoyable and valuable.
The syllabus shows that the course will cover important management accounting concepts, procedures, tools, etc. The instructor will spend part of each class lecturing on the material.
Most of the time is used to solve management accounting problems and discuss the solutions.
In this class, we typically have students with diverse backgrounds. (Many different majors, etc.)
Students should have completed one accounting course prior to enrolling in this course.
Class Expectations:
1. A student should attend class regularly.
2. A student should arrive on time for class and should not leave class early.
3. A student should bring textbook and other relevant materials to each class.
4. A student should turn off (and put away) cell phone, pager, IPOD and other electronic devices during class.
5. A student may not use a laptop computer in class, except with permission of the instructor and in accordance with conditions specified by instructor.
6. A student should not bring food to class. Eating is not permitted in class.
7. A student should not work on assignments for other courses while in class.
8. A student should listen attentively to the lecture by the instructor, and questions or discussion of other class members.
9. A student should participate in the analysis and discussion of cases and problems.
10. A student should behave at all times in a professional manner and avoid talking or other actions that are disruptive for the class.
The policies above help create a positive learning environment in which every student can get good value for his or her investment of time and tuition dollars. Compliance with these policies is a requirement in order to be a member of this class. Exceptions may be made for exceptional circumstances.

We will be covering the 12 chapters shown below

Chapter One Managerial Accounting: An Overview 1
Chapter Two Managerial Accounting and Cost Concepts 39
Chapter Three Job-Order Costing 95
Chapter Five Cost-Volume-Profit Relationships 157
Chapter Six Variable Costing and Segment Reporting: Tools for Management 203
Chapter Seven Activity-Based Costing: A Tool to Aid Decision Making 256
Chapter Eight Master Budgeting, Profit Planning 312
Chapter Nine Flexible Budgets and Performance Analysis 362
Chapter Ten Standard Costs and Variances 397
Chapter Eleven Performance Measurement in Decentralized Organizations 447
Chapter Twelve Differential Analysis: The Key to Decision Making 501
Chapter Thirteen Capital Budgeting Decisions 553

Sample Test 1 for this course. The 2013 test no. 1 may have additional types questions.
Details will be provided in class.
M11-Chp-00-Tst1-Exm-Prb-2011-Final
M11-Chp-00-Tst1-Exm-Sol-2011-Final
M11-Chp-00-Tst2-Exm-Prb-Makeup
M11-Chp-00-Tst2-Exm-Sol-makeup
Note that questions 11 through 19 (Test 2 above) relate to Chapter 6, not covered on Test 2 – 2013
M11-Chp-00-Tst3-Exm-Prb
M11-Chp-00-Tst3-Exm-Sol
Note that Chapter 10 (Standard Costs, old Standard Cost chapter was 11) is not included on test 3 for 2013. See questions 18-25 on test 3 linked above.
See questions 11-19 on test no. 2, linked above. Those questions involve variable costing, etc. which are on Test no. 3 for 2013.
M13-Chp-00-Tst4-New Material on previous final exam
M13-Chp-00-Tst4-Exm-Sol-Post-Spring-2013
ACCT-2122-004-Spring 2013-Syllabus-Godfrey
Common Exams 4-16-13
File above has common exam schedule.
Our final exam is in Friday, Room 142 (5/2/2013, 8:00-11:00)

Exams in Spring, 2013
M13-Chp-00-Tst1-Exm-Prb-2013-Final
M13-Chp-00-Tst1-Exm-Sol

M13-Chp-00-Tst2-Exm-Prb
M13-Chp-00-Tst2-Exm-Sol

M13-Chp-00-Tst3-Exm-Prb
M13-Chp-00-Tst3-Exm-Sol

M13-Chp-00-Tst-4A-Exm-Prb-April-22-2013
M13-Chp-00-Tst4-Exm-Sol-Short
M13-Chp-00-Tst-4A-Exm-Sol-April-22-2013
Note: A complete set of PowerPoint files for each chapter, provided by the publisher, is posted at the end of this webpage. You may find it useful to refer to these, especially as a quick preview of the chapter or as a review after studying the chapter. The instructor has prepared a set of PowerPoint files which he will cover in class.

Note: you will need both the textbook and a password. The password lets you submit your homework through the on-line system called McGraw-Hill Connect. The University bookstore has the textbook (soft bound edition-cheaper) that also has a coupon with a password. You can purchase the two as a bundle. If you get the book without a code, you can purchase a password on-line.
You will need the current version of the book – not an old one.

Note For Spring 2013, we are using a custom published textbook containing only the chapters we cover in the course (taken from the large book we normally use).
This 2013 edition provides very substantial savings for our students. .

Please note that many Excel Worksheets have more than one tab.
A problem may be in one tab, and the solution may be in a second tab.
You may find it convenient to use the full-page format for some of the PowerPoint files.
Chapter 1: Managerial Accounting: An Overview
M13-Chp-01-1-Intro-to-Mgt-Acct-2013-0117
M13-Chp-01-2A-Test-Quest-INTRODUCTION
The file above has some test questions for Chapter 1, including illustrative problems covered in the lecture by the instructor.
The file also contains additional potential test questions. Tab 2 has answers for the test questions from 2010.
Discussion problem to get us started thinking about business models, cost structure, pricing policies, etc.
The following short problems can be used to get the discussion started, identify some important issues,
and preview the problems we will be solving this semester.These concepts are mainly covered in Chapter 2.
M13-Chp-01-2A-Test-Quest-INTRODUCTION
M13-Chp-01-3A-Introductory-Problems
The following files are optional. If you need a review of basic accounting, these are for you.
M11-Chp-01-3-Prb-Accounting-Review
M11-Chp-01-4-Review-of-Financial-Accounting
M11-Chp-01-6-T-Accounts-Bobs-Business
M11-Chp-01-8-Chap-1-Super Co Fin Statements
Publisher PowerPoint-File-Chapter-01-2013

Chapter 2: Managerial Accounting and Cost Concepts
M13-Chp-02-1-Man.-Acct.-Concepts-2011-0520
Chap002A Least Squares Regression with clickers
Homework least squares
The next file has some sample test questions on this chapter, and the solutions as well.
M13-Chp-02-2A-Test-Quest-MGT-CONCEPTS
M11-Chp-02-2A-Test-Quest-COST-BEHAVIOR
The next two problems were covered in an earlier class.
M11-Chp-02-2A-Test-Quest-COST-BEHAVIOR

M11-Chp-02-2A-Test-Quest-COST-BEHAVIOR
M13-Chp-02-3B-Prb-Unit-Cost-for-Basketballs-2013
The next two files contain illustrations of the format of manufacturing statements.
M13-Chp-02-4A-Manufacturing-Income-Statement
M13-Chp-02-4B-Manufacturing-Income-Statement-Format
The next file provides exercises in finding missing amounts in manufacturing statements.
M13-Chp-02-5-Manufact-Costs-missing-amounts
The next two files contain problems related to determining cost behavior (test pages 33+).
M13-Chp-02-6A-Cost Behavior Computations
M13-Chp-02-6B-Class-Handout-Cost-Behavior
You will note that the authors of the textbook provide some Excel forms for working typical problems. See next file.
M13-Chp-02-7-Excel-Form-for-chapter-exercises
The next file has several tabs with illustrations leading to the preparation of a Statement of cost of Goods Manufactured.
M13-Chp-02-8-Prb-Manufact-Cost-Acctg-Steps

Chapter 3: Job-Order Costing
M13-Chp-03-1-Job-Costing-Process
M13-Chp-03-2A-Test-Quest-JOB ORDER COST
M11-Chp-03-3A-Job Cost Concepts
M11-Chp-03-4-Class-Illustration-Overhead
M13-Chp-03-4-Job-Cost-Problem-Illustration-1

M13-Chp-03-5-Job-Cost-Problem-Illustration-2
M11-Chp-03-7-Prb-Job-Costing
M11-Chp-03-7-Job-Costing-Multiple-Choice-SOLUTION
M13-Chp-03-Test Scan sheet
Note: we do not cover Process Costing (below) in this course.
M11-Chp-04-8-Process Cost Concepts
M11-Chp-04-8-Process-Cost-Concepts-EUP
Publisher PowerPoint-File-Chapter-03-2013

Chapter 5:   Cost-Volume-Profit Relationships
M11-Chp-05-1A-Costs-Volume-Profit-Planning-2011-0617
M13-Chp-05-8-Product mix and break-even
M11-Chp-05-2A-Test-Quest-COST-VOL-PROFIT
M11-Chp-05-1B-Costs-Volume-Profit-Class Handout
M11-Chp-05-3-Cost-Volume-Profit-Problems
Note: The file above has one page of sample test questions and one page of detailed solutions.
M11-Chp-05-4-Prob-for-Break-Even Chart
M11-Chp-05-Break-even-selling-fruit-baskets
Publisher PowerPoint-File-Chapter-05-2013
M13-Chp-05-Extra problems-CVP-margin of safety, product mix
Chapter 6:   Variable costing and Segment Reporting
M11-Chp-06-1-Variable-Costing-2011-0617
M11-Chp-06-2A-Test-Quest-VARIABLE-COSTING
The notes below focus on variable costing. Homework assigned covers segment reporting
M13-Chp-06-0-Notes-from-Instructor
M13-Chp-06-2-Introductory-problem-Variable-Costing
M13-Chp-06-0-Segment-Reporting-Notes-from-Instructor
M13-Chp-06-2-Segment Performance
M11-Chp-06-3-Worksheet-variable-costing
M11-Chp-06-4-Compute Income-Direct-and-Absorption
M11-Chp-06-4A-Compare Absorption and Variable Costing
M11-Chp-06-5-Prb-Direct-Costing
Publisher PowerPoint-File-Chapter-06-2013
M13-Chp-06-Sample-Exam–Variable-Costing-Questions
M13-Chp-06-Sample-Exam–Variable-Costing-Solution
Chapter 7:   Activity-based Costing
M11-Chp-07-1-Cost-Mgt-Systems-ABC-2011-0617
M11-Chp-07-2A-Test-Quest-ACTIVITY-BASED-COSTING
M11-Chp-07-5-Activity Based Costing Concepts
M11-Chp-07-6-ABC-Problem-With-Answers
M11-Chp-03-3A-Job Cost Concepts
M11-Chp-03-4-Job Costing-Problem with Answers
Publisher PowerPoint-File-Chapter-07-2013
Chapter 8:   Profit Planning

M11-Chp-08-1A-Profit-Planning-2011-0523
M11-Chp-08-2A-Test-Quest-PROFIT-PLANNING
M11-Chp-08-2-Budget-Test-Questions
The file above has 3 tabs.
The first tab has 2 pages of sample test questions on budgeting.
The second tab has 2 pages of solutions guides – detailed solutions, without the numbers.
The third tab has 2 pages of solutions to the sample test questions
M13-Chp-08-An answer for a student question about cash flow for inventory
M11-Chp-08-3-Production-and-Materials Bud
M11-Chp-08-4-Big-Picture-Budgeting-w-T-Accts
M11-Chp-08-5-Cash Budget-More Practice
M11-Chp-08-2-Prb-HW
M11-Chp-08-6-Cash-Flow-Spreadsheet
M11-Chp-08-7-T-Account-Format-Utility-File

M13-Chp-08-3-T-Accts-for-Solving-Problems
M13-Chp-08-8-Cash-Flow-Mult-Choice-SUCCESS-CO-Prb-and-Sol
M13-Chp-08-2-Cash collection exercise
Publisher PowerPoint-File-Chapter-08-2013
M13-Chp-08-Sample-Exam–Budgeting-Questions
M13-Chp-08-Sample-Exam–Budgeting-Solution

Chapter 9: Flexible Budgets and Performance Analysis
M13-Chp-09-0-Notes-from-Instructor
M11-Chp-09-1-Flex-Bud-Variances-2011-0524
M11-Chp-09-2A-Test-Quest-FLEXIBLE-BUDGETS
M11-Chp-09-Food Place Flexible Budget
M13-Chp-09-Rushton Hospital-Prob
M13-Chp-09-Sample test questions from manual-Prb
Publisher PowerPoint-File-Chapter-09-2013
M13-Chp-09-Sample-Exam–Flexible-Budgeting-Questions
M13-Chp-09-Sample-Exam–Flexible-Budgeting-Solution

Chapter 10: Standard Costs and Operating Performance Measures
M13-Chp-10-0-Notes-from-Instructor
M11-Chp-10-1-Standard-Costs-2011-0524
M11-Chp-10-2A-Test-Quest-STANDARD-COST
M13-Chp-10-3-Sample Standard Cost Test Questions
MBA-12-Chp-10-3-Std-Cost-Variances-for-Mat
MBA-12-Chp-10-4-Std-Cost-Variances-for-Labor
M11-Chp-10-5-Std Cost-Variances-for-Overhead
M11-Chp-10-6-Flex-Overhead-Bud-and Var
M11-Chp-10-7-Prb-Class-Ex-Variances
M11-Chp-10-7-Sol-Class Ex-Variances
M13-Chp-10-8-Overhead Variance Problem
Publisher PowerPoint-File-Chapter-10-2013
Chapter 11: Performance Measurement in Decentralized Organizations

M11-Chp-11-1-Performance-Management-2011-0731
M11-Chp-11-05-Financial Control Problems
M11-Chp-11-Performance Evaluation Problem-Prob-11-18
Garrison-14-Ed-Powerpoints-Chapter-11
M11-Chp-11-2A-Test-Quest-PERFORMANCE-MEASURE

M11-Chp-11-4-Super-Co-Fin-Statements
Publisher PowerPoint-File-Chapter-11-2013

Chapter 12: Differential Analysis for Decision Making

M11-Chp-12-1-Differential-Analysis-for-Decisions-2011-0709
M13-Chp-12-2A-TEST-DIFFERENTIAL-ANALYSIS
M11-Chp-12-3-Illustrative problems
M11-Chp-12-3-Pricing Basis-Marginal Cost or Not
Material in the files below are incorporated in the instructor PowerPoint above.
However, it may be easier for you to work the problem on a full page layout.
M11-Chp-12-4-Why is Pricing Strategy Important
M11-Chp-12-6-Special Order Problems
The following files are optional. Concentrate first on the files above.
M11-Chp-12-7-Which Machine to Buy
M11-Chp-12-3-Sample Test Questions
M11-Chp-12-4-Eliminate-Dept-or Division
M11-Chp-12-5-Sell-Product-or-Process-Further
The following file is optional. We will cover it if we have time.
M11-Chp-12-6-Local-Corp-Outsourcing
M11-Chp-12-7-Chapter Exhibit Data
Publisher PowerPoint-File-Chapter-12-2013
Chapter 13: Capital Budgeting

M11-Chp-13-Compound-Interest-Slides-File-1
Table1
Table2
M11-Chp-13-Compound-Interest-Computations
M11-Chp-13-1A-Capital-Budget-2011-0525
M11-Chp-13-2B-Capital-Budget-2011-0525
M11-Chp-13-Compound-Interest-Slides-File-1
M11-Chp-13-2B-Capital Budgeting Example
M11-Chp-13-2A-Test-CAP-BUDGET
M11-Chp-13-3-Cap-Budgeting
M11-Chp-13-4-Compound-Interest-and-PV-Analysis
Your textbook has interest tables. If you want these tables (below), you may print them.
M11-Chp-13-5-Compound-Interest-Tables
M11-Chp-13-6-Cap-Budgeting-Worksheet
Publisher PowerPoint-File-Chapter-13-2013
The following is an old file from a prior year.
M8-Chp-12-1-Cost-Allocation-20080602
M8-Chp-12-2-Prb-HW

M8-Chp-12-2-Sol-HW-Excel
M8-Chp-12-3-Cost-Allocation-Direct-and-Step
M8-Chp-12-4-Allocation-of-Joint-Costs
M8-Chp-12-5-Prb-Cost-Allocation

PowerPoint Files for the 14th edition of the textbook, provided by the publisher

To be added
Is Lord & Taylor leaving?
Sue Stock, Staff Writer, News and Observer, Raleigh NC, December 24, 2005
The future of the Triangle’s only Lord & Taylor store is muddled at best. Store employees are telling customers the 120,000-square-foot store will close in mid- to late January.
Some display cases are already empty. But mall officials say Lord & Taylor’s parent company, Federated Department Stores, hasn’t notified them that the store will be closing.
There is still a small chance that the store could stay. The company exercised an option to extend its lease by five years, through Jan. 31, 2011. But the chain has committed to operate Lord & Taylor there only through next month. It opened at Crabtree in 1996.
“They have to pay rent, but they don’t have to be open,” said Monty Daniels, director of leasing for Plaza Associates, which manages the mall. If it does close Lord & Taylor, Federated could sublease the vacated space, but the mall would have some say in the replacement tenant.
The story above is an example of a business decision requiring management accounting information and analysis.
How does Federated Department Stores determine if its profits will increase by closing this store?
Rent expense is a fixed and committed cost, at least for several years to come.
Federated does have an alternative use for the space, because it can rent that space to other companies and generate some rental income to offset – at least to some degree – its own rent payments to the owners of the mall
If we assume that the store is reporting a net loss of $200,000, that does not mean that Federated will increase its profit by $200,000 by closing the store. Some of its store expenses may continue after closing the store.
For complete story, see: http://www.newsobserver.com/104/story/381482.html
M11-Chp-10-7-Sol-Class Ex-Variances
M11-Chp-11-2-Performance Evaluation – ROI etc
M10-Chp-00-Tst3-Prac-Prb-Acct-2122-Sum-2010
M10-Chp-00-Tst3-Prac-Sol-Acct-2122-Sum-2010
M10-Chp-00-Tst4-Prac-Prb-Acct-2122-Sum-2010
M10-Chp-00-Tst4-Prac-Sol-Acct-2122-Sum-2010

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ACCT 2122

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Faculty and Staff

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Prospective Students

Faculty and Staff

Current Students

Alumni and Friends

Contact Me

Links

ACCT 2122