Accounting for Decision Making and Control, 7th Edition by Jerol.. Zimmerman

By Jerol.. Zimmerman

Accounting for choice Making and regulate offers scholars and bosses with an knowing appreciation of the strengths and barriers of an organization’s accounting procedure. This ebook offers a framework for considering accounting structures and a foundation for reading proposed alterations to those platforms. The 7th version demonstrates that managerial accounting is a vital part of the firm’s organizational structure, not only an remoted set of computational issues. the aim of this article is to supply scholars and bosses with an realizing and appreciation of the strengths and barriers of an organization’s accounting process, thereby permitting them to be extra clever clients of those structures. the most objective proposed through the writer is still in tact for the 7th variation.

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Calculating Break-Even and Target Profits 3. Limitations of Cost–Volume–Profit Analysis 4. Multiple Products 5. Operating Leverage D. Opportunity Costs versus Accounting Costs 1. Period versus Product Costs 2. Direct Costs, Overhead Costs, and Opportunity Costs E. Cost Estimation 1. Account Classification 2. Motion and Time Studies F. qxd 12/15/09 11:38 AM The Nature of Costs Page 23 23 As described in Chapter 1, accounting systems measure costs that managers use for external reports, decision making, and controlling the behavior of people in the organization.

Those of the Financial Accounting Standards Board) were the major factors affecting management accounting. Since 1975, two major environmental forces have changed organizations and caused managers to question whether traditional management accounting procedures (pre-1975) are still appropriate. These environmental forces are (1) factory automation and computer/information technology and (2) global competition. To adapt to these environmental forces, organizations must reconsider their organizational structure and their management accounting procedures.

Medsupplies argued that because this would be extra business for Vortec, no overhead should be charged on the additional 2,000 units. In this case, a $4 price should be adequate. 47 per unit, and hence the $4 price offered by Medsupplies is too low. The current administrative expenses of $27,500 consist of office rent, property taxes, and interest and will not change if this special order is accepted. Should Vortec accept the Medsupplies offer? Before examining whether the marketing and manufacturing divisions will accept the order, consider Medsupplies’s offer from the perspective of Vortec’s owners, who are interested in maximizing profits.

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