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The demand and supply equations for the wheat market are: Demand: P=20−0.02Q Supply: P=0.04PSupply: P=0.04Q a. Calculate the equilibrium price and quantity. b. What are the consumer surplus and the producer surplus at the market equilibrium? c. If a price floor of 15 TL is imposed, calculate the consumer and producer surpluses and the deadweight […]

Week 2 Basic Cost Management Concepts Topics What do we mean by Costs? Period vs Product What is Expense? Costs on Financial Statements Income Statement Balance Sheet Statement of Cash flows Manufacturing Cost Flows Outcomes Compute the flow of costs through manufacturing cycles and the determination of product (or service) cost. Discuss the impact of […]

Week 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment Topics Decision Making Capacity and Capacity Costs Managerial Accounting and the Value Chain Cost Management System Ethical Climate of Business UVI Online ACC 5100 Accounting – 3 Outcomes Compute the flow of costs through manufacturing cycles and the determination of product (or […]

Week 7 Flexible Budgeting and Analysis of Overhead Costs Topics Overhead Budgets Advantages of Flexible Budgets Overhead Application in a Standard Cost System Fixed vs Variable Overhead Activity-based Flexible Budget Outcomes Compute the flow of costs through manufacturing cycles and the determination of product (or service) cost. Discuss the impact of flow of costs and […]

Week 4 Activity Analysis, Cost Behavior, and Cost Estimation Topics Similarities and Differences between Job-Order and Process Costing Calculation of Equivalent Units and Cost per Equivalent Unit Review Departmental Reports Outcomes Compute the flow of costs through manufacturing cycles and the determination of product (or service) cost. Discuss the impact of flow of costs and […]

Week 5 Cost Volume Profit Analysis Topics Cost Volume Profit Analysis Break Even Analysis Contribution Margin Calculation Analysis Safety Margin Outcomes Compute the flow of costs through manufacturing cycles and the determination of product (or service) cost. Discuss the impact of flow of costs and product cost on decision making. Describe the issues and procedures […]

Week 6 Financial Planning and Analysis: The Master Budget Topics The Master Budget Sales Budget Purchasing Budget Direct Labor Budget Financing Budget Financial Planning and Analysis UVI Online ACC 5100 Accounting – 6 Outcomes Compute the flow of costs through manufacturing cycles and the determination of product (or service) cost. Discuss the impact of flow […]