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Managerial Accounting Homework Solutions

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									                                              MBA 504
                                         Managerial Accounting
                                           Tuesdays – 5:30-8:10pm – Bellevue

                                      Winter Quarter 2005 Schedule
                                              Professor David E. Tinius
                                                       Pigott 510
                               Mondays & Wednesday, 4-6pm, Seattle, or by appointment
                                 Tuesdays, 4:30-5:30pm, Bellevue, or by appointment
                                                     206-296-5692
                                                 dtinius@seattleu.edu
                                         http://fac-staff.seattleu.edu/dtinius/

Text: James Jiambalvo, Managerial Accounting, Second Edition (John Wiley and Sons 2004)

Course Objective: Managerial Accounting is concerned with information needed to effectively plan and control
company operations and make good business decisions. The overall objective of this course is to provide you with the
concepts and tools needed for planning, control, and decision-making.

Relation to other disciplines: Managerial Accounting is linked to other disciplines. As you go through this course,
think about linkages to your other areas of study. How does Strategy affect the choice of performance measures?
How can accounting information support a Marketing plan that is based on meeting customer expectations for quality
and delivery performance. How have recent trends in Operations Management affected the cost structure of firms
and their break-even points? Will managers use the capital budgeting techniques discussed in Finance if they are
evaluated in terms of accounting profit? I believe you will significantly enhance your understanding of both
managerial accounting and your other areas of study by making the connections needed to answer these and other
interesting questions.

Grading:        Homework                     10%
                Midterm exam                 35%
                Final                        45%
                Quizzes                      10%
                 Total                      100%

Participation: A great deal of learning takes place when you articulate your views on issues, problems and cases.
Thus, class participation is very beneficial (as well as expected!). I will routinely call on students to participate in the
discussion of issues, problems, and cases. If you are not prepared to participate in a particular session, please contact
me before class.

Assignments: All assignments on the following pages should be completed before the start of the meeting indicated,
except for our first meeting on January 5th. The case assignments, the text of which should be word-processed, will be
collected and evaluated with respect to level of effort and accomplishment.

Expectations: Working and studying together is encouraged, but individual students are expected to be the sole
authors of the homework materials prepared and examinations taken for evaluation. The honesty code of the student
handbook – http://seattleu.edu/regis/Policies/Policy_2004-01.htm -- will be the guide for any disciplinary action with
respect to homework and testing.

Learning Accounting: Accounting concepts are most effectively learned through problem solving. Completion of all
the homework assignments will prepare you for success in this course. For your convenience the solutions to all of the
homework, except for the cases to be handed in each session, are available to you at my website: http://fac-
staff.seattleu.edu/dtinius/
MBA 504 Syllabus 2005 Winter Quarter



                  MBA 504 Assignment Schedule Winter Quarter 2005

January 4 — Class Organization and Introduction to Managerial Accounting
   There is no assignment for the first class. However, during the session, we will discuss and cover Chapter 1,
   concepts, including:
   •       The goal of managerial accounting
   •       How budgets are used in planning
   •       How performance reports are used in control
   •       What is meant by incremental analysis in decision-making
   •       What is meant by "You get what you measure!"
   To become familiar with cost terminology, we will discuss the Case 1-1 Local 635, so please bring your textbook
   to the first meeting.

    We will cover as much of the remaining Chapter 1 material below as we have time for:
        Questions: 1, 8, 9
        Exercises: 4, 15, 16
        Problems: 1, 4
        Case: 1-2 Herbert Plumbing Products
    Introduction to Chapter 2


January 11 — Manufacturing Costs and Job-Order Costing Systems
    Reading: Chapter 2
        Self Assessment: Answer all Chapter 2 self assessment multiple choice questions and work through the
        solved review problem.
        Questions: 3, 4, 7, 8, 11
        Exercises: 4, 12, 15
        CD: Review all Chapter 2 CD materials
        Problems: 1, 4, 5, 15
        Case: 2-1, Ethics case: Brixton Surgical Devices
   Introduction to Chapters 4 & 5


January 18 — Cost-Volume-Profit Analysis & Variable Costing
   Reading: Chapter 4: CVP Analysis
       Self Assessment: Answer all Chapter 4 self assessment multiple choice questions and work through the
       solved review problem.
       Questions: 4, 5, 14
       Exercises: 6, 9, 12, 17, 19
       CD: Review all Chapter 4 CD materials
       Problems: 2, 5, 7, 11
       Cases : 4-2 Rothmueller Museum

    Reading: Chapter 5: Variable Costing, Read Only
   Introduction to Chapter 6


January 25 — Cost Allocation and Activity-Based Costing
   Reading: Chapter 6
       Self Assessment: Answer all Chapter 6 self assessment multiple choice questions and work through the
       solved review problem.
       Questions: 1, 8, 9
       Exercises: 5, 9, 12
       CD: Review all Chapter 6 CD materials
January 25, continued — Chapter 6, Cost Allocation and Activity-Based Costing
MBA 504 Syllabus 2005 Winter Quarter


       Problems: 1, 4, 7, and 9
       Cases: 6-2, Eastside Medical Testing; 6-4, QuantumTM
  Introduction to Chapter 7, including the Appendix

   Quiz #1 – Chapters 1 through 5


February 1 — The Use of Cost Information in Management Decision Making
    Reading: Chapter 7
        Self Assessment: Answer Chapter 7 self assessment multiple choice questions and work through the solved
        review problem.
        Questions: 1, 2, 3, 4
        Exercises: 4, 5, 6, 7,15, 16
        CD: Review all Chapter 7 CD materials
        Problems: 3, 4, 5, 10
        Cases: 7-1, Primus Consulting Group; 7-2, Mayfield Software, VAM
   Introduction to Chapter 8
   Midterm Review


February 8 — Midterm Examination – Chapters 1 through 7


February 15 – Pricing Decisions, Customer Profitability, Activity Based Pricing
    Reading: Chapter 8
        Self Assessment: Answer Chapter 8 self assessment multiple choice questions and work through the solved
        review problem.
        Questions: 2, 3, 4
        Exercises: 4, 5, 8, 9
        CD: Review all Chapter 8 CD materials
        Problems: 2, 3, 6, 7
        Case: 8-1, Preston Concrete
   Introduction to Chapter 9


February 22 — Capital Budgeting Decisions
   Reading: Chapter 9
       Self Assessment: Answer all Chapter 9 self assessment multiple choice questions and work through the
       solved review problem.
       Questions: 4, 6, 8
       Exercises: 11, 13, 15
       Reading: Appendix A, Chapter 9
       CD: Review all Chapter 9 CD materials
       Problems: 1, 2, 11, 12, 14, 15
       Cases: 9-1, Juniper Packaging Solutions; 9-2, Sergo Games
      Introduction to Chapter 10


March 1 — Budgetary Planning and Control
   Reading: Chapter 10
       Self Assessment: Answer all Chapter 10 self assessment multiple choice questions and work through the
       solved review problem.
       Questions: 1, 2, 10
       Exercises: 5, 6, 10, 11, 17
March 1, continued — Chapter 10, Budgetary Planning and Control
       CD: Review all Chapter 10 CD materials
       Problems: 1, 2, 3, 10, 12
MBA 504 Syllabus 2005 Winter Quarter


        Cases: 10-1, Columbus Park Waste Treatment Facility; 10-2, Abruzzi Olive Oil Company
   Introduction to Chapter 12

Quiz #2, Chapters 8 - 10


March 8 — Decentralization and Performance Evaluation
   Reading: Chapter 12
       Self Assessment: Answer all Chapter 12 self assessment multiple choice questions and work through the
       solved review problem.
       Questions: 6, 7, 11, 12
       Exercises: 6, 7, 11, 14
       CD: Review all Chapter 12 CD material
       Problems: 6, 7, 8, 10, 11, 12
       Case: 12-1, Mayfield Software, Packaged Software Division; 12-2, Super Club Stores
  Course Wrap Up, Review for the Final Exam



March 15 – FINAL EXAM – Comprehensive – 6:00 -7:50 pm

								
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