tailieunhanh - Ebook Financial and managerial accounting: Part 2

(BQ) Part 2 book "Financial and managerial accounting" has contents: Financial statement analysis, managerial accounting, budgetary planning, process costing, planning for capital investments, standard costs and balanced scorecard, budgetary control and responsibility accounting,.and other contents. | Chapter 15 Managerial Accounting Feature Story Just Add Water and Paddle to get the most out of new materials Mike Cichanowski grew up on the while minimizing weight. Mississippi River in Winona, Minnesota. At a young age, he learned to paddle a canoe so he could explore the river. Before long, Mike began crafting his own canoes from bent wood and fiberglass in his dad’s garage. Then, when his canoe-making shop outgrew the garage, he moved it into an old warehouse. When that was going to be torn down, Mike came to a critical juncture in his life. He took out a bank loan and built his own small shop, giving birth to the company Wenonah Canoe. such as plastics, composites, and carbon fibers—maximizing strength In the 1990s, as kayaking became popular, Mike made another critical decision when he acquired Current Designs, a premier Canadian kayak manufacturer. This venture allowed Wenonah to branch out with new product lines while providing Current Designs with much-needed capacity expansion as well as manufacturing expertise. Mike moved Current Designs’ headquarters to Minnesota and made a big (and potentially risky) investment in a new production Wenonah Canoe soon became known ✔ facility. Today, the company’s 90 as a pioneer in developing techniques employees produce and sell about The Navigator Scan Learning Objectives Learning Objectives After studying this chapter, you should be able to: Read Feature Story 1 Explain the distinguishing features of managerial accounting. Scan Preview 2 Identify the three broad functions of management. Read Text and answer DO IT! p. 770 p. 774 p. 777 p. 783 3 Define the three classes of manufacturing costs. Work Comprehensive DO IT! p. 784 5 Explain the difference between a merchandising and a Review Summary of Learning Objectives 4 Distinguish between product and period costs. manufacturing income statement. 6 Indicate how cost of goods manufactured is determined. Answer Self-Test Questions Complete .