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MGMT 201 - MANAGEMENT ACCOUNTING I - SYLLABUS Fall 2011 BASIC INFORMATION

Professor: Dr. Lynda Thoman (thoman@purdue.edu - to be used for administrative questions about the lectures or the general course) Office hours: Monday 10:00 AM 12:00 AM in KRAN 505 Wednesday: 9:00 11:00 AM in KRAN 505 Administrative Assistant: Jeffrey Doll (doll2@purdue.edu - to be used for technical questions about Connect and other administrative questions) For questions about the readings or solving a specific homework problem, see the section on page 2 of this syllabus entitled, GETTING HELP WITH THE READINGS AND PROBLEMS.

Lecture times:

Section
0001 0002

Professor
Dr. Thoman Dr. Thoman

Day and Time


MW 7:30 AM 8:20 AM MW 1:30 PM 2:20 PM

Room
FRNY G140 FRNY G140

Recitation Sections:

Section
0003 0004 0005 0006 0007 0008 0009 0010 0011 0012

Instructor
David Franco David Franco David Franco Jason Merritt Jason Merritt Jeff Doll Jason Merritt Jeff Doll Jason Merritt Jeff Doll

Day and Time


F 8:30 AM 9:20 AM F 9:30 AM 10:20 AM F 10:30 AM 11:20 AM F 11:30 AM 12:20 PM F 12:30 PM 1:20 PM F 12:30 PM 1:20 PM F 1:30 PM 2:20 PM F 1:30 PM 2:20 PM F 2:30 PM 3:20 PM F 2:30 PM 3:20 PM

Room
KRAN G018 KRAN G018 KRAN G018 KRAN G018 KRAN G018 RAWL 1011 KRAN G018 RAWL 1011 KRAN G018 RAWL 1011

Instructor
David Franco

Section
Sec. 0003 Sec. 0004 Sec. 0005 Sec. 0006 Sec. 0007 Sec. 0009 Sec. 0011 Sec. 0008 Sec. 0010 Sec. 0012

Day and Time


F 8:30 AM 9:20 AM F 9:30 AM 10:20 AM F 10:30 AM 11:20 AM F 11:30 AM 12:20 PM F 12:30 PM 1:20 PM F 1:30 PM 2:20 PM F 2:30 PM 3:20 PM F 12:30 PM 1:20 PM F 1:30 PM 2:20 PM F 2:30 PM 3:20 PM

Room
KRAN G018 KRAN G018 KRAN G018 KRAN G018 KRAN G018 KRAN G018 KRAN G018 RAWL 1011 RAWL 1011 RAWL 1011

Jason Merritt

Jeff Doll

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MATERIALS REQUIRED FOR CLASS


Two items must be purchased for the coursea textbook and a Connect Plus (CP) code card. Detailed information about where one can purchase either/both items is on the Katalyst website in the folder entitled: 201-REQUIRED TEXT AND MATERIALS. 1. Textbook Managerial Accounting: Creating Value in a Dynamic Business Environment, 9th Edition, by Ronald W. Hilton. (A different edition will not have the correct problems.) Connect Plus (CP) is an online website that is used to complete and submit half of the homework problems.

2. Connect Plus code card

Students must also download the weekly lecture notes from the Katalyst website.

KATALYST WEBSITE
Katalyst Website: The Katalyst website for the class can be accessed at: https://webapps.krannert.purdue.edu This website contains much essential information for the class. Under the File tab on the Katalyst site one can find notes for the lectures, sample exams, check figures, solutions to problems, etc. The SharePoint discussion board can also be accessed through the Katalyst site.

GETTING HELP WITH THE READINGS AND PROBLEMS


There are four sources of help with understanding the material and/or solving the assigned homework problems: Tuesday review sessions with Prof. Thoman, Prof. Thomans office hours, nightly office hours, and the SharePoint course discussion board. Please do not e-mail questions about the course material to your TA or the professor. 1. Tuesday review sessions with Prof. Thoman 2. Professor Thomans office hours 3. Nightly office hours 4. SharePoint discussion board Every Tuesday from 4:00 5:00 PM Professor Thoman will hold a review/help session. These sessions will be held in KRAN G007 except on Tuesday, Sept. 27, the session will be in KCTR 108. As noted above, Prof. Thoman is available in KRAN 505 for questions on Mondays from 10:00 AM to noon and on Wednesdays from 9:0011:00 AM. Tuesday, Wednesday and Thursday nights from 6:00 PM 7:30 PM a TA will be available in KRAN G012 to answer your questionsexcept on Thursday, Sept. 15, the session will be held in KCTR 108. Questions about the material can be posted on the SharePoint discussion board. A TA or the professor will answer all questions once each day; students are also encouraged to help each other. To access SharePoint go to Katalyst (https://webapps.krannert.purdue.edu) Click My Courses and go to Mgmt Accounting I course page (Access the site for your lecture section: MGMT 20100 001 or MGMT 20100 002) Next to SharePoint click on the Go to Site button. When prompted enter krannert\yourusername for the Username field and your Purdue account password in the Password field Add all questions and comments to the Discussion Board. Page 2 of 19

COURSE CONTENT AND OBJECTIVES


Managerial accounting studies the generation and use of information that is vital to managers for making decisions and evaluating the performance of employees. The course has two parts. First, we learn how firms compute the costs of the products they make or services they provide. The information from this section will enable one to answer questions such as: 1. Why did the Sony Corporation cut the number of different parts that they use in their products by 90%? 2. How does Regions Bank know which customers cost them a lot of money to service? 3. If a tube of Estee Lauder lipstick sells for $50, what is the approximate cost to manufacture the lipstick? Having mastered product and service costing methods, we learn how the information can be used to make decisions and to motivate employees and managers. Questions that one will be able to answer after this part of the course include: 1. If Target has limited shelf space, how does the company decide which products to stock? 2. If Macys wants to shut a department, which numbers would be relevant to this decision? 3. How does Caterpillar know if the manager of the department producing eartCPovers has done a good job? In this course we promote learning that will stay with one for many years. While there are several tools and methods that must be mastered, our emphasis will be on learning how to use the techniques in new situations that one might encounter today on a test and in the future at ones job. Really understanding the material will enable one to be able to remember and apply his/her knowledge to new problems; memorizing will not be sufficient.

OVERVIEW OF CLASS
Lecture and recitation format The course will be taught in a lecture and recitation format. On Mondays and Wednesdays the professor will focus on the theory and logic behind the problems. Lecture notes for each week, with blanks to be completed in class, will be posted on Katalyst. On Fridays we will have small recitation sessions. Class time will be used to apply the theory to new problems and to learn about industry applications of the methods. One is encouraged to ask questions and clear up problems during these sessions. Recitation sections will also be used to administer quizzes. Difficulty of the course and hours of study required This course requires dedicated, regular work. To do well a student should expect to spend 5-6 hours of study time each week. Time is needed to review the lecture notes, read the textbook, and carefully complete the Connect Plus and recitation problems.

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INFORMATION IN THE SYLLABUS


Information in the rest of this syllabus is organized as follows: A. GRADING OF THE CLASS General information about the points one can earn in the class and cutoff scores for each letter grade A1. HOMEWORK ASSIGNMENTS Homework assignments to be submitted on the CP website and at the recitation sessions. A2. QUIZZES Information about quizzes in the recitation sessions. A3. PROFESSIONALISM Discussion of students responsibilities and contributions to the class. A4. EXAMS Information about midterms and final. ACADEMIC HONESTY Penalties in cheating cases. GRADING CHECKPOINTS AND CORRECTION OF ERRORS INSTRUCTORS RESPONSIBILITIES OTHER POLICIES SCHEDULE OF READINGS, PROBLEMS, QUIZZES, EXAMS p. 4 p. 5 p. 6 p. 6 p. p. p. p. p. p. 7 8 9 9 9 10

B. C. D. E. F.

Additional information about the recitation sessions is in the handout 201-Recitation Sessions Information-F11, that will be distributed in the first recitation session and is posted on Katalyst. The information in that handout is part of this syllabus in defining the requirements for the course.

A. GRADING OF THE CLASS


Points in the course will be awarded as follows: HOMEWORK: Homework submitted on Connect Plus website (CP problems) Homework submitted at recitation sessions (R problems) QUIZZES PROFESSIONALISM Professionalism points earned at recitations Professionalism points earned at lectures EXAMS Midterm 1 Midterm 2 Final Examination (Cumulative) TOTAL POINTS 60 50 60 60 20 100 150 200 700

The following provides a guide to the points required for each grade. We reserve the right to lower the cutoffs (we will not raise them). Grade A B C D Total Points 700 630 560 490 420 Percent of Total 100% 90% 80% 70% 60%

Pluses and minuses will be used; students close to the cut-off point for the next higher letter grade will receive a +; those close to the cut-off, or minimum number of points required for each letter grade, will receive a - with their letter grade. Page 4 of 19

A1. HOMEWORK (110 points) We have two types of homework in this classhomework submitted through the Connect Plus website (CP assignments) and homework submitted at the Recitation Sessions (R assignments). Homework submitted through Connect Plus (CP) website (60 points) Please note additional details about using and acquiring the Connect Plus (CP) website are available on Katalyst in the Folder, 201-CONNECT PLUS INFORMATION. During the semester, there are 14 problem assignments that must be submitted using the Connect Plus website (CP assignments). Each assignment is worth 5 points.1 We will automatically drop your 2 lowest scores; thus, the highest 12 scores will be counted for a total of 60 possible points. We encourage students to do all 14 assignments so that all of the material is mastered. CP assignments are due at noon on the date on which the problems are listed in the attached schedule. Your score on each CP assignment will be based on the work you have submitted or saved by the deadline date and time for that assignment. Homework not turned in or turned in late cannot be made up. If one has a Purdue obligation (e.g., an athletic event) or must miss a class due to an academic activity (e.g., a job interview), one must submit the CP problems early to make sure the deadline is met. If one is ill and cannot submit the homework, this will be one of the CP scores that is dropped.

Connect Plus (CP) assignments may be submitted twice as long as both submissions are completed before the due date and time; that is, if one wants to improve the score received on a CP assignment, one may redo the assignment and resubmit it once as long as the deadline has not passed. The higher of the two scores will be used in computing the grade for the course. If one wants to practice solving the CP problems after the deadline, one can access the problems by using the anonymous assignments for the homework(s). These anonymous assignments can be accessed only after the deadline for each homework assignment has passed. Since these are anonymous assignments, one does not log in, and one can have unlimited attempts to complete them. All technical issues about accessing and using the Connect Plus website should be addressed to the Administrative Assistant Jeffrey Doll (doll2@purdue.edu). All questions about solving the CP problems should be asked at Prof. Thomans weekly help session or office hours, queried at the nightly office hours, or submitted to the SharePoint Course Discussion board. Getting started and registering with Connect Plus Before trying to use the Connect Plus website, one must find the folder 201-CONNECT PLUS INFORMATION on Katalyst and download the two documents in the folder: CP Users Registration and CP Users Guide. These documents provide instructions for registering to use the Connect Plus (CP) website and for doing ones homework on the CP site. A list of Frequently Asked Questions and Hints in using the Connect Plus website is also provided in this folder. The purchase of the Connect Plus (CP) code card will allow one to register the CP code twice and only twice. If one needs to register a third time, one will have to purchase a new CP code. One does not have to re-register if one changes sections or lecture sessions.

For the Connect Plus (CP) assignments only, we will round up the points to the nearest whole number. For example, 4.3 will be rounded up to 5.0 points.

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Homework submitted at Recitation sessions or R assignments (50 points) At most recitation sessions a homework assignment will be due (R problems); a total of 12 assignments will be collected. Each assignment is worth 5 points. The recitation assignments will be collected at the beginning of the class; if a student is late for class, the homework may not be submitted.2 We will automatically drop the 2 lowest scores; thus, the highest 10 scores will be counted for a total of 50 possible points. Again, we encourage students to complete all assignments. The recitation homework assignments usually consist of 3 problems. Friday afternoon, after all recitation sections have met, we will select one problem out of the assignment to be graded. That one problem will be graded for effort. Check figures for all Recitation assignments are posted on Katalyst. After the recitation homework problems have been collected in all sections, detailed solutions will be posted. Since not all problems will be graded, and the one problem that is scored will be graded for effort, it will be important that each student check his/her work against the posted solutions. More information about this topic is in the separate handout, 201-Recitation Sessions InformationF11. A2. QUIZZES (60 points) During the semester 3 quizzes will be administered in the recitation sessions; dates are listed on the schedule in this syllabus. Each quiz is worth 20 points; there will be no make-up quizzes. If one misses a quiz due to an excused absence (ill, Purdue event, etc.), the other quizzes and the exams will be prorated to make up the extra points. If one misses a quiz due to an unexcused absence, a score of 0 will be recorded for that quiz. More information about this topic is in the separate handout, 201-Recitation Sessions Information A3. PROFESSIONALISM (80 points) Attending each lecture and recitation session is essential to doing well in this class. Paying attention and adding to the positive class atmosphere is also important. Professionalism points earned at recitations (60 points) The professionalism points in the recitation session are earned as follows: 24 points, are earned through prompt attendance to the recitation sessions; 16 points are earned by making a positive contribution to the learning environment, and the last 20 points are earned by completing a professionalism project. More information about this topic is in the separate handout, 201-Recitation Sessions Information. Professionalism points earned at lectures (20 points) Attending lectures is essential for success in this class. It will be assumed that everyone will receive the full 20 professionalism points for the lecture. However, there will be unannounced attendance checks and/or quizzes at the beginning of the class, and failure to be present will reduce the professionalism points one receives. If one is disruptive in the classtalking to ones neighbor, openly playing with ones computer or brazenly reading the newspaper, etc.this will also reduce the professionalism points earned. It is important for everyone to help make the lectures a positive learning experience.

If a student must cross campus to get to the Mgmt. 201 class or to the recitation session on time, then this problem needs to be documented; in such cases, an allowance can be made for recording attendance and handing in homework.

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A4. EXAMS (450 points) Demonstrating on exams that one has mastered the materialunderstand it well enough to apply it to new situationsis the largest point category in the class. All midterm and final examinations will be multiple-choice problems, closed book, and closed notes. The midterm examinations are not cumulative. However, the final examination is cumulative, covering all material studied during the semester. Dates and places for the midterms are as follows: Exam Midterm I* Midterm II* Day Wed. Date Time 8:00 PM 9:30 PM 8:00 PM 9:30 PM Place EE 129, WTHR 200 LILY 1105, MTHW 210, SMTH 108
Deadline to request a make-up

Sept. 28 Thurs. Nov. 3

Fri., Sept. 23 Fri., Oct. 28

Final

To be announced

*See Katalyst in the week of the exam for room and seat assignments. One must bring his/her Purdue Student ID card (PUID) to all examinations and quizzes. No extra time will be given due to English language proficiency difficulties. Not all calculators may be used in the exam. Calculators that allow for storing of information and/or communicating with others or the web may not be used. Calculators that are part of phones may not be used. If a student arrives late for an examination, the student is not entitled to take a make-up exam nor will he/she receive extra time. The student will be required to turn in his/her exam with the rest of the class at the regularly scheduled time. Absences from an exam will be dealt with as follows: Unexcused absences An unexcused absence from any examination will result in a zero score for the examination. For example, if a student sleeps through an exam, he/she will receive a zero score for that exam. If a student cannot find the examination room or has the wrong time or place for the exam and misses the exam, he/she will receive a zero score for that exam.

Anticipated excused absence from an exam In the case of an anticipated excused absence (an official Purdue event, a conflict with an exam in another class) one must complete the Request to take the Make-up Exam, form that is attached at the end of this syllabus. This form must be completed and turned in to either Prof. Thoman or ones recitation instructor at least one week prior to the exam; the deadlines for requesting a make-up are listed in the table on the previous page. Late requests will not be considered. Many personal events are not valid reasons for scheduling a makeup exam. For example, make-up exams will not be scheduled for a relatives wedding, an interview (including a job interview), or travel plans to leave campus before the end of the final exam period. In these cases failure to take the regular exam will result in a zero score on the exam.

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Absence from an exam due to an excused illness In the case of an excused illness, the student should do the following: 1. Send an e-mail to Prof. Thoman and/or ones TA as soon as possible so that we are informed and can plan a make-up exam if appropriate. 2. After recovering, obtain written documentation of ones illness. We need written proof that a licensed health care provider advised the student to not take the exam on the scheduled date. The documentation must be from an attending physician or other licensed health care provider, specifying both the date(s) of coverage and the fact that the student was advised to stay home on the day of the exam. A note from PUSH simply saying that the student was seen at the clinic will NOT be enough; nor will we entertain health care providers offers to be contacted on the telephone to discuss the issue. Lastly, parents, relatives or friends are not qualified to write excuses. We fully respect Health Insurance Portability and Accountability Act (HIPAA) and Family Educational Rights and Privacy Act (FERPA) regulations and do NOT want to know the nature or any details of the illness.

B. ACADEMIC HONESTY
Students are expected to be familiar with Purdues policy on academic honesty. Any cheating that is discovered will be pursued and punished by penalties that include failure of the course. It is expected that each student will do his/her own work on all quizzes and exams. All exams and all quizzes are closed book and notes. Use of unauthorized written materials, receiving or giving verbal or written assistance from or to another student during an exam or quiz is considered cheating. Any student found to have cheated on an exam or quiz will be given a grade of F for the course. Furthermore, his/her name will be forwarded to the Dean of Students for further disciplinary action. Submitting as ones original homework printed or handwritten copies of pages from the solutions manual or copies of another students homework is also considered cheating. Allowing a student to copy ones work is also dishonest. It is acceptable for students to work with other students or other knowledgeable individuals to learn how to solve the homework problems. However, when preparing a written solution to an assignment, it is expected that the work will be the students own. Students who violate this expectationfor example, a student who submits homework that is identical or close to the solution in the answer book or two students who submit almost identical workwill receive a grade of zero for that homework and a note will be sent to the Dean of Students. A repeat offense will result in failure of the course. Plagiarizing means copying (as little as a phrase from) another persons work without proper attribution. Plagiarizing also means paraphrasing another persons work without proper attribution. When submitting any material, it is important to submit original work. If a submission is plagiarized, the student will receive 0 points for that assignment and a note will be sent to the Dean of Students. A repeat offense will result in failure of the course.

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C. GRADING CHECKPOINTS AND CORRECTION OF ERRORS


Points earned in the course will be updated on Katalyst after each exam and at the end of the course. So students know where they stand, at each of these Checkpoints we will also provide a guide to the number of points required for each letter grade. If one suspects that there is an error in the information posted at a Checkpoint, please contact your recitation instructor. All errors in the scores posted at each Checkpoint must be reported within a week of each posting date. For an error concerning an exam or any item graded in the recitation session (quiz scores, professionalism points, etc.) the student should contact his/her recitation instructor. Please provide documentation of the problem. For errors with Connect Plus assignments one should contact the Administrative Assistant, Jeff Doll (doll2@purdue). After the one-week deadline for the Checkpoint date has passed, all scores will be sealed and no further disputes regarding those scores will be entertained.

D. INSTRUCTORS RESPONSIBILITIES
Learning is a two way street. Above we have outlined what is expected from students. The professor and instructors also have their responsibilities. The teaching group in Mgmt. 201 pledge to be in class every session, to be on time, and to convey the material to the best of their ability. (We cannot promise to always be entertaining. ) We are interested in students suggestions for improving the course. Ideas can be sent by e-mail or the SharePoint discussion board. We will make changes when several people have the same suggestion, the change is feasible, and the idea is, in our opinion, good for the class. In the past some of our best suggestions have come from students.

E. OTHER POLICIES
Responsibility for all information in the syllabus and other documents The information/guidelines in the syllabus and other handouts will be followed in the class; students are responsible for this information. No Extra Credit projects - There will not be an option to do an extra credit project for this course. Incomplete grades - Incomplete grades will be assigned rarely and only in accordance with Section VII.B.4 of the Purdue University Regulations. Responsibility for missed classes - Students are responsible for all class content and all announcements made in class and/or posted on Katalyst. For practical reasons, we cannot summarize class content for a student when a class is missed. Changes to the syllabus - In rare cases changes to the syllabus are required. These changes will be announced in class and posted on Katalyst, and students will be responsible for knowing about the changes. Campus Emergency - In the event of a major campus emergency, course requirements, deadlines, and grading percentages are subject to change that may be necessitated by a revised university calendar or other circumstances beyond the instructors control. In the event of such an emergency, information will be posted to Katalyst Page 9 of 19

F. SCHEDULE OF READINGS, PROBLEMS, QUIZZES, EXAMS


It is expected that students will read the chapter listed for each week at the beginning of that week. One can better understand the lecture if the chapter for the week has been read. The recitation sessions will be conducted assuming the chapter has been read. Problems to be worked on the Connect Plus website are denoted as CP problems and are due at noon on Wednesday of most weeks. Problems due at the recitation sessions are denoted as R problems; these problems are to be submitted at ones recitation session. Study Problems for each week will not be collected; these problems provide extra practice; their solutions are posted on Katalyst. The last question in several problems starts with Build a spreadsheet. This part of the problem may be omitted.

MGMT 201 SCHEDULE


Week 1 Briefly survey Chapter 1, introduction to managerial accounting; start Chapter 2, different cost types and definitions Monday, August 24 Read Chapter 1 Lecture Wednesday, August 26 Lecture Friday, August 27 Recitation sessions Recitation problems due Read Chapter 2 R(1): 2-28 2-30 2-36 Study Problems for the week (Not collected) 1-23 1-25 1-26

Classifying costsproduct vs. period costs, variable vs. fixed costs, costs of inputs (DM, DL, OH) Analyzing fixed versus variable costs Marginal costs Naming activities in a value chain What accounting information is useful in making decisions. Determining the managerial accounting objectives of different activities (e.g., measuring costs)

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Week 2 - Chapter 2, cost definitions and flow of costs, continued Monday, August 29 Review Chapter 2 Lecture Wednesday, August 31 CP problems due at noon Lecture Friday, September 2 Recitation sessions Recitation problems due Study Problems for the week (Not collected) R(2): 2-37 2-43 2-45 2-24 2-38 2-50 Content of financial statements and reports Schedule for COGM, COGS, IS Cost classifications for a manufacturer Filling in the missing amount in the inventory equation Computing OH, COGM, COGS, NI Product versus period costs CP(1): 2-29 2-41 2-42 Schedule for COGM, COGS, IS Filling in missing amounts in COGM, COGS, IS Computing prime costs, overhead, CC and product costs

Week 3 Chapter 3, an introduction to costing products and services Monday, September 5 NO CLASS LABOR DAY Wednesday, September 7 CP problems due at noon Lecture Friday, September 9 Recitation sessions Recitation problems due R(3): 3-31 3-50 3-52 3-30 3-43 3-48 T-accounts and flow of costs COGM, COGS, IS COGM, prime costs, conversion costs Schedule of COGM Overhead rates; journal entries Job order costing; focus on overhead and cost drivers CP(2): 3-27 Job-order costing basics 3-34 Overhead rates; over- and under-applied amounts 3-35 Predetermined OH rates and various cost drivers

Study Problems for the week (Not collected)

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Week 4 Chapter 5, activity based costing methods Monday, September 12 Read Chapter 5 Lecture Wednesday, September 14 CP(3): CP problems due at noon 5-27 5-35 5-46 Lecture Friday, September 16 Recitation session Recitation problems due Quiz Quiz 1 covering Chapters 1-3 Study Problems for the week (Not collected) 3-60 5-34 5-50 Plant-wide versus departmental overhead Classification of activities ABC; analysis of operations R(4): 5-33 5-52 5-60 Under-costing by traditional system ABC; selling costs ABC; cost analysis

Classifying activities as unit, batch, etc. Activity cost pools, cost drivers, pool rates Traditional costing versus ABC

Week 5 Chapter 6, analysis and estimation of different cost behaviors Monday, September 19 Read Chapter 6 Lecture Wednesday, September 21 CP problems due at noon Lecture Friday, September 23 Recitation session Recitation problems due R(5): 6-26 6-29 6-45 6-22 6-28 6-40 CP(4): 6-24 Behavior of fixed and variable costs 6-35 Matching the cost graph to the right cost scenario 6-39 Account classification analysis

Estimating cost behavior visual fit method Classifying accounts as variable, fixed or mixed Interpreting regression analysis Graphing cost behavior patterns Visual fit method Approximating a step-variable cost, visual fit method

Study Problems for the week (Not collected)

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Week 6 EXAM I Monday, September 26 Lecture Wednesday, September 28 CP problems due at noon

Review for Exam CP(5): 3-55 Predetermined OH rate; different time periods; pricing 3-56 Overhead application with a predetermined OH rate 5-49 ABC, product promotion Review for exam EXAM I, covering Chapters 1-3, 5 and 6 Introduction to the CVP model.

Lecture Exam Friday, September 30 Recitation session

Week 7 Chapter 7, Cost-Volume-Profit (CVP) model Monday, October 3 Read Chapter 7 Lecture Wednesday, October 5 CP problems due at noon Lecture Friday, October 7 Study Problems for the week (Not collected) No recitation sessions this week. 7-20 7-26 7-27 7-28 7-35 7-49 Question about different companies with same FC and VC Draw CVP graph and compute break-even Margin of safety; computing price to break-even (continuation of 7-26) Traditional income statement and CM income statement operating leverage factor CVP problem in sales dollars CVP model with multiple products CP(6): 7-25 7-34 7-36 Basic CVP problem Basic CVP relationships, retailer Indifference point

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Week 8 Chapter 8, what costs are included in the product cost, variable versus absorption costing Monday, October 10 NO CLASS OCTOBER BREAK Wednesday, October 12 CP problems due at noon Lecture Friday October 14 Recitation session Recitation problems due Study Problems for the week (Not collected) R(6): 8-28 8-29 8-31 8-14 8-17 8-25 Absorption, variable and throughput costing Variable and absorption costing income statements Comparison of absorption and variable costing Absorption, variable and throughput costing Difference in income under absorption and variable costing Variable and absorption income statements CP(7): 7-29 7-42 7-45 Retail; CVP analysis with multiple products Break-even point; after tax NI Break-even analysis; movie theaters

Week 9 Chapter 14, using the numbers to make decisions Monday, October 17 Read Chapter 14 Lecture Wednesday, October 19 CP problems due at noon Lecture Friday, October 21 Recitation session Recitation problems due Quiz Study Problems for the week (Not collected) CP(8): 14-31 14-35 14-36 14-37 R(7): 14-46 14-47 14-50 Machine replacement Obsolete inventory Special order Continuation of proceeding problem Introducing a new product Closing an unprofitable department Outsourcing

Quiz 2, covering chapters 7, 8 and a little on chapter 14 14-33 Drop a product line

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Week 10 Chapter 14, more on decision making Monday, October 24 Review Chapter 14 Lecture Wednesday, October 26 CP problems due at noon Lecture Friday, October 28 Recitation session Recitation problems due Study Problems for the week (Not collected) R(8): 14-40 14-53 14-55 14-49 14-57 Process further (Grit) Scarce resources allocation Analysis of special order Make or buy Production planning CP(9): 14-44 14-51 14-52 Production decisions; limited capacity Joint products, process further Add a product line

Week 11 EXAM II Monday, October 31 Lecture

Review for exam

Wednesday, November 2 CP(11): CP problems due at noon 7-43 8-24 14-56 Lecture Thursday, November 3 Exam Friday, November 4

Break-even point; safety margin Variable versus absorption costing Special order

EXAM II, covering Chapters 7, 8 and 14 No recitation sessions this week.

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Week 12 Chapter 9, budgeting Monday, November 7 Read Chapter 9 Old Masters Old Masters will make presentations in class; attendance will be taken at the beginning of the class. Budgeted production and direct-materials purchases Cash collections Budgeted production and raw materials purchases

Wednesday, November 9 CP(10): CP problems due at noon 9-24 9-25 9-26 Lecture Friday, November 11 Recitation session Recitation problems due Study Problems for the week (Not collected) R(9): 9-31 9-45 9-30 9-32 9-34

Professional services budget Comprehensive master budget Budgeted financial statements; retailer Production and direct labor budgets; activity based overhead budget Cash budgeting

Week 13 Chapter 10, variances Monday, November 14 Read Chapter 10 Lecture Wednesday, November 16 CP problems due at noon Lecture Friday, November 18 Recitation session Recitation problems due R(10): 10-36 10-37 10-45 10-50 Reconstructing standard cost information from partial data Operational performance measures Variance calculations Direct labor variances and interpretation CP(12): 10-28 Straightforward computation of variances 10-43 Determining standard materials costs 10-44 DM and DL variances

Last day to submit an article or project idea for approval as a professionalism project. Study Problems for the week (Not collected) 10-7 10-8 10-9 10-10 10-34 Meaning of DM price variance Who affects DM price variance Meaning of DM quantity variance Who affects DM quantity variance Cost variance investigation

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Week 14 Chapter 11, more on variances Monday, November 21 Read Chapter 11 Lecture Wednesday, November 23 and Friday, November 25 Study Problems for the week (Not collected) NO CLASSES THANKSGIVING VACATION 11-26 11-29 11-45 Straight-forward computation of overhead variances Interpretation of Variable-overhead efficiency variance Preparing and using a columnar flexible budget

Week 15 Chapter 11, completing variances, and beginning Chapter 13, other types of performance evaluation Monday, November 28 Read Chapter 13; we will start this chapter at the end of the week. Lecture Wednesday, November 30 CP problems due at noon Lecture Friday, December 2 Recitation session Recitation problems due Quiz R(11): 11-30 11-41 Reconstructing missing information from partial data Overhead calculations; variance interpretation CP(13): 11-22 Straightforward computation of overhead variances 11-32 Overhead variances 11-38 Overhead variances

Quiz 3, covering chapters 10 and 11 Last day to submit the professionalism project; a hard copy must be submitted in ones recitation session.

Study Problems for the week (Not collected)

11-54

Integrative case on Chapters 10 and 11

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Week 16 Chapter 13, transfer pricing and other performance evaluation methods and review for exam Monday, December 5 Review Chapter 13 Lecture Wednesday, December 7 CP problems due at noon CP(14): 13-29 13-33 13-34 13-37 ROI, Residual income Improving ROI General transfer pricing rule ROI and Residual Income, missing data

Lecture Friday, December 9 Recitation session Recitation problems due Study Problems for the week (Not collected)

Review for final R(12): 10-46 11-44 13-42 13-46 Computing variances and analyzing responsibility Missing data in the overhead account ROI and Residual Income; investment evaluation Comprehensive transfer pricing problem

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Management 201 Request to take the Make-up Exam


This form needs to be submitted 1 week prior to the date of the regularly scheduled examination. Exam Midterm I Midterm II Date of Exam Wednesday, Sept. 28 Thursday, Nov. 3 Firm deadline for requesting a make-up exam Friday, Sept. 23 Friday, Oct. 28

NAME: STUDENT ID: E-mail ADDRESS: EXAM FOR WHICH REQUIRING A MAKE-UP EXAM: RECITATION SECTION NUMBER: RECITATION INSTRUCTOR:

Below please briefly explain why you need to take a make-up for the exam. Please attach any appropriate documentation.

List all times 72 hours before and 72 hours after the regular exam that one is available to take a make-up. Please list ALL TIMES that one is not in class or at a job.

If one is approved to take the Make-up Exam, one will receive an e-mail to that effect.

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