Endsheet
Cornerstones
Cornerstones for Chapter 1
N/A
Cornerstones for Chapter 2
2-1 How to calculate product cost in total and per unit, page 37
2-2 How to calculate prime cost and conversion cost in total and per unit, page 38
2-3 How to calculate the direct materials used in production, page 40
2-4 How to calculate cost of goods manufactured, page 41
2-5 How to calculate cost of goods sold, page 41
2-6 How to prepare an income statement for a manufacturing firm, page 42
2-7 How to calculate the percentage of sales revenue for each line on the income statement, page 43
2-8 How to prepare an income statement for a service organization, page 44
Cornerstones for Chapter 3
3-1 How to create and use a cost formula, page 79
3-2 How to use the high-low method to calculate fixed cost and the variable rate and to construct a cost formula, page 81
3-3 How to use the high-low method to calculate predicted total variable cost and total cost for budgeted output, page 82
3-4 How to use the high-low method to calculate predicted total variable cost and total cost for a time period that differs from the data period, page 83
3-5 How to use the regression method to calculate fixed cost and the variable rate and to construct a cost formula and to determine budgeted cost, page 89
Cornerstones for Chapter 4
4-1 How to prepare a contribution margin income statement, page 122
4-2 How to solve for the break-even point in units, page 124
4-3 How to calculate the variable cost ratio and the contribution margin ratio, page 125
4-4 How to solve for the break-even point in sales dollars, page 126
4-5 How to solve for the number of units to be sold to earn a target operating income, page 128
4-6 How to solve for the sales needed to earn a target operating income, page 129
4-7 How to calculate the break-even units for a multipleproduct firm, page 136
4-8 How to calculate the break-even sales dollars for a multipleproduct firm, page 137
4-9 How to compute the margin of safety, page 141
4-10 How to compute the degree of operating leverage, page 142
4-11 How to compute the impact of increased sales on operating income using the degree of operating leverage, page 143
Cornerstones for Chapter 5
5-1 How to calculate the predetermined overhead rate and apply overhead to production, page 172
5-2 How to reconcile actual overhead with applied overhead, page 174
5-3 How to calculate predetermined departmental overhead rates and apply overhead to production, page 175
5-4 How to convert departmental data to plantwide data to calculate the overhead rate and apply overhead to production, page 176
5-5 How to prepare brief job-order cost sheets, page 187
Cornerstones for Chapter 6
6-1 How to calculate cost flows without work in process, page 217
6-2 How to calculate equivalent units of production: no beginning work in process, page 220
6-3 How to measure output and assign costs: no beginning work in process, page 221
6-4 How to measure output and assign costs: weighted average method, page 223
6-5 How to prepare a physical flow schedule, page 224
6-6 How to prepare a production report: weighted average method, page 227
6-7 How to calculate equivalent units, unit costs, and value inventories with nonuniform inputs, page 229
6-8 How to calculate the physical flow schedule, equivalent units, and unit costs with transferred-in goods, page 231
6-9 How to calculate output and cost assignments: first-in, first-out method, page 235
6-10 How to prepare a production report: first-out method, page 238
Cornerstones for Chapter 7
7-1 How to calculate consumption ratios, page 267
7-2 How to calculate activity rates, page 268
7-3 How to calculate activity-based unit costs, page 268
7-4 How to assign resource costs using direct tracing and resource drivers, page 274
7-5 How to calculate activity-based customer costs, page 277
7-6 How to calculate activity-based supplier costs, page 278
7-7 How to assess non-value-added costs, page 283
7-8 How to calculate cycle time and velocity, page 284
Cornerstones for the Appendix to Chapter 7
7-9 How to prepare a quality cost report, page 289
7-10 How to prepare an environmental cost report, page 295
7-11 How to calculate activity-based environmental product costs, page 298
Cornerstones for Chapter 8
8-1 How to prepare a sales budget, page 338
8-2 How to prepare the production budget, page 340
8-3 How to prepare a direct materials purchases budget, page 341
8-4 How to prepare a direct labor budget, page 342
8-5 How to prepare an overhead budget, page 343
8-6 How to prepare the ending finished goods inventory budget, page 344
8-7 How to prepare a cost of goods sold budget, page 345
8-8 How to prepare a selling and administrative expenses budget, page 345
8-9 How to prepare a budgeted income statement, page 346
8-10 How to prepare a cash budget, page 349
8-11 How to prepare the budgeted balance sheet, page 351
Cornerstones for Chapter 9
9-1 How to compute standard quantities allowed (SQ and SH), page 387
9-2 How to use control limits to trigger a variance investigation, page 390
9-3 How to calculate the total variance for materials, page 391
9-4 How to calculate materials variances: formula and columnar approaches, page 393
9-5 How to calculate the total variance for labor, page 395
9-6 How to calculate labor variances: formula and columnar approaches, page 396
Cornerstones for Chapter 9 Appendix
9-7 How to apply kaizen costing, page 403
9-8 How to implement target costing, page 405
Cornerstones for Chapter 10
10-1 How to prepare a performance report based on a static budget (using budgeted production), page 433
10-2 How to prepare a flexible production budget, page 435
10-3 How to prepare a performance report using a flexible budget, page 436
10-4 How to calculate the total variable overhead variance, page 437
10-5 How to calculate variable overhead variances: columnar and formula approaches, page 438
10-6 How to prepare a performance report for the variable overhead variances, page 441
10-7 How to calculate the total fixed overhead variance, page 443
10-8 How to calculate fixed overhead variances: columnar and formula approaches, page 443
10-9 How to prepare a static budget for an activity, page 447
10-10 How to prepare an activity flexible budget, page 448
10-11 How to prepare an activity-based performance report, page 449
Cornerstones for Chapter 11
11-1 How to compute inventory cost under absorption and variable costing, page 479
11-2 How to prepare income statements under absorption and variable costing, page 480
11-3 How to prepare a segmented income statement, page 483
11-4 How to calculate average operating assets, margin, turnover, and return on investment, page 485
11-5 How to calculate residual income, page 490
11-6 How to calculate economic value added, page 493
11-7 How to calculate transfer prices, page 496
11-8 How to compute cycle time and velocity, page 507
11-9 How to calculate manufacturing cycle efficiency, page 508
Cornerstones for Chapter 12
12-1 How to structure a make-or-buy problem, page 542
12-2 How to structure a special-order problem, page 544
12-3 How to structure a keep-or-drop product line problem, page 545
12-4 How to structure a keep-or-drop product line problem with complementary effects, page 546
12-5 How to structure the sell-or-process-further decision, page 548
12-6 How to determine the optimal product mix with one constrained resource, page 549
12-7 How to determine the optimal product mix with one constrained resource and a sales constraint, page 550
12-8 How to calculate price by applying a markup percentage to cost, page 551
12-9 How to calculate a target cost, page 552
12-10 How to calculate ordering cost, carrying cost, and total inventory-related cost, page 554
12-11 How to calculate the EOQ, ordering cost, carrying cost, and total inventory-related cost, page 556
Cornerstones for Chapter 13
13-1 How to calculate payback, page 586
13-2 How to calculate the accounting rate of return, page 588
13-3 How to assess cash flows and calculate net present value, page 590
13-4 How to calculate internal rate of return with uniform cash flows, page 592
13-5 How to calculate net present value and internal rate of return for mutually exclusive projects, page 598
Cornerstones for Chapter 14
14-1 How to calculate and use a single charging rate, page 636
14-2 How to calculate and assign service costs by using multiple charging rates, page 638
14-3 How to assign support department costs by using the direct method, page 642
14-4 How to assign support department costs by using the sequential method, page 645
14-5 How to calculate and use departmental overhead rates, page 646
Cornerstones for Chapter 15
15-1 How to classify activities and identify them as sources or uses of cash, page 673
15-2 How to compute the change in cash flow, page 676
15-3 How to calculate operating cash flows: indirect method, page 677
15-4 How to compute investing cash flows, page 679
15-5 How to compute financing cash flows, page 680
15-6 How to prepare the statement of cash flows, page 680
15-7 How to calculate operating cash flows using the direct method, page 682
15-8 How to prepare a statement of cash flows using a worksheet approach, page 684
Cornerstones for Chapter 16
16-1 How to prepare common-size income statements using base period horizontal analysis, page 713
16-2 How to prepare income statements using net sales as the base: vertical analysis, page 714
16-3 How to calculate the current ratio and the quick (or acidtest) ratio, page 720
16-4 How to calculate the average accounts receivable, the accounts receivable turnover ratio, and the accounts receivable turnover in days, page 721
16-5 How to calculate the average inventory, the inventory turnover ratio, and the inventory turnover in days, page 722
16-6 How to calculate the times-interest-earned ratio, page 723
16-7 How to calculate the debt ratio and the debt to equity ratio, page 724
16-8 How to calculate the return on sales, page 725
16-9 How to calculate the average total assets and the return on assets, page 726
16-10 How to calculate the average common stockholders’ equity and the return on stockholders’ equity, page 727
16-11 How to compute earnings per share, page 727
16-12 How to compute the price-earnings ratio, page 728
16-13 How to compute the dividend yield and the dividend payout ratio, page 729
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