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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 product cost on decision making.
Describe the issues and procedures for the allocation of overhead costs, including activity-based costing.
Categorize the techniques and components of preparing a master budget.
Use commonly used tools for performance evaluation (e.g., ROI, residual income).
Discuss the impact of performance evaluation on decision making.
Prepare and explain the flow of cash as relating to operating, investing, and financing activities, free cash flow, and the impact that it has on decision making.
Learning Resources
eBook: Managerial accounting: Creating value in a dynamic business environment. Chapter 11 Flexible Budgeting and Analysis of Overhead Costs
Introduction – Text
Complete these Assignments
Journal 7.1
Journal 7.1
INSTRUCTIONS
Submit a brief (between 150 to 200 words) reflection on what you learned in the course so far.
What new perspectives did you develop?
What new resources for learning did you discover?
What questions remain unanswered?
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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 of costs and product cost on decision making.
Describe the issues and procedures for the allocation of overhead costs, including activity-based costing.
Categorize the techniques and components of preparing a master budget.
Use commonly used tools for performance evaluation (e.g., ROI, residual income).
Discuss the impact of performance evaluation on decision making.
Prepare and explain the flow of cash as relating to operating, investing, and financing activities, free cash flow, and the impact that it has on decision making.
Learning Resources
eBook: Managerial accounting: Creating value in a dynamic business environment. Chapter 9 Financial Planning and Analysis: The Master Budget
Introduction – Text
Complete these Assignments
Discussion 6.1 Cost Volume Profit
Discussion 6.1 Cost Volume Profit
DESCRIPTION
Cost-volume-profit (CVP) analysis is an extension of break-even analysis. CVP analysis enables managers to understand cost behavior and the effect on profits in response to a wide variety of influences, such as changes in volume, variable and fixed costs, and price. This helps management make appropriate business decisions.
How would you use CVP analysis to develop a budget? Elaborate using examples.
Tie your answer to the eBook and also reference an external academic source.
In your response post, comment on how your analysis agrees with or differs from your classmate’s analysis. Share any additional resources that could help with this analysis.
GRADING CRITERIA
Initial post (300 words, due Friday @ 11:59 pm) (50%)
Grammar and mechanics (10%)
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