Management Accounting,
Management [Institution
Accounting,
ManagementName],
[Institution
Accounting,
[Academic
Name],
[Institution
Year]
[Academic
– Name],
Study
Year]
guide
[Academic
–
and
Study
foundational
Year]
guide
–
and
Study
accounting
foundational
guide and
review
accounting
foundational
material.pdf
review
accounting
material.pdf
review material.pdf
Management
Accounting,
[Institution Name],
[Academic Year] –
Study guide and
foundational
accounting review
material
Management Accounting,
Management [Institution
Accounting,
ManagementName],
[Institution
Accounting,
[Academic
Name],
[Institution
Year]
[Academic
– Name],
Study
Year]
guide
[Academic
–
and
Study
foundational
Year]
guide
–
and
Study
accounting
foundational
guide and
review
accounting
foundational
material.pdf
review
accounting
material.pdf
review material.pdf
,Management accounting.pdf Management accounting.pdf Management accounting.pdf
1 Labour price variance 2 Labour quantity variance
3 Material quantity variance 4 Material price variance
Don't know?
Terms in this set (92)
Definition of management accounting the provision of useful information to help
management plan, control and make decisions
Product cost direct materials + direct labor + manufacturing
overhead
total cost direct costs + indirect costs
total costs fixed costs + variable costs
period cost selling costs, administrative costs and distribution
expenses
Management accounting.pdf Management accounting.pdf Management accounting.pdf
, Management accounting.pdf Management accounting.pdf Management accounting.pdf
Role of management accounting process of identification, measurement, accumulation,
analysis, preparation, interpretation and
communication of information used by management
to plan, evaluate and control within an entity and to
assure appropriate use of and accountability for its
resources
Information that needs to be managed - Developing plans and analysing alternatives
by management accounting - Communicating plans to key personnel.
- Evaluating performance.
- Reporting the results of activities.
- Accumulating, maintaining, and processing an
organisation's financial and non-financial information.
Information purposes aimed at achieving organisational objectives
but
objective(s) may be poorly defined
there may be several objectives in conflict
objectives could change over time
Prime cost Direct Materials + Direct Labor
Conversion cost Direct Labor + Manufacturing Overhead
Management accounting.pdf Management accounting.pdf Management accounting.pdf
Management [Institution
Accounting,
ManagementName],
[Institution
Accounting,
[Academic
Name],
[Institution
Year]
[Academic
– Name],
Study
Year]
guide
[Academic
–
and
Study
foundational
Year]
guide
–
and
Study
accounting
foundational
guide and
review
accounting
foundational
material.pdf
review
accounting
material.pdf
review material.pdf
Management
Accounting,
[Institution Name],
[Academic Year] –
Study guide and
foundational
accounting review
material
Management Accounting,
Management [Institution
Accounting,
ManagementName],
[Institution
Accounting,
[Academic
Name],
[Institution
Year]
[Academic
– Name],
Study
Year]
guide
[Academic
–
and
Study
foundational
Year]
guide
–
and
Study
accounting
foundational
guide and
review
accounting
foundational
material.pdf
review
accounting
material.pdf
review material.pdf
,Management accounting.pdf Management accounting.pdf Management accounting.pdf
1 Labour price variance 2 Labour quantity variance
3 Material quantity variance 4 Material price variance
Don't know?
Terms in this set (92)
Definition of management accounting the provision of useful information to help
management plan, control and make decisions
Product cost direct materials + direct labor + manufacturing
overhead
total cost direct costs + indirect costs
total costs fixed costs + variable costs
period cost selling costs, administrative costs and distribution
expenses
Management accounting.pdf Management accounting.pdf Management accounting.pdf
, Management accounting.pdf Management accounting.pdf Management accounting.pdf
Role of management accounting process of identification, measurement, accumulation,
analysis, preparation, interpretation and
communication of information used by management
to plan, evaluate and control within an entity and to
assure appropriate use of and accountability for its
resources
Information that needs to be managed - Developing plans and analysing alternatives
by management accounting - Communicating plans to key personnel.
- Evaluating performance.
- Reporting the results of activities.
- Accumulating, maintaining, and processing an
organisation's financial and non-financial information.
Information purposes aimed at achieving organisational objectives
but
objective(s) may be poorly defined
there may be several objectives in conflict
objectives could change over time
Prime cost Direct Materials + Direct Labor
Conversion cost Direct Labor + Manufacturing Overhead
Management accounting.pdf Management accounting.pdf Management accounting.pdf
