1. 1.What Managerial accounting is & how it works in business & organization?
2. 2.Cost of goods & manufacturing, how it works & its components?
3. 3.Product cost VS. period cost:
4. 4.Calculate cost of goods sold:
5. 5.Calculate cost of goods manufactured:
6. 6.What process & job cost is and the difference?
7. 7.Job cost sheet is?
8. 8.Journal entries for job & process costing?
9. 9.Material requisition is & journal entries for those:
10. 10.Calculate predetermine rate:
11. 11.Overapplied & underapplied for manufacturing overhead:
12. 12.What it means Equivalent units of production:
13. 13.Production cost reports are:
14. 14.Calculate manufacturing overhead using predetermine rate:
15. 15.Equivalent units are & what they are for material & conversion:
16. 16.Calculate How many units need to produce when they give you your beginning process and working process?
17. 17.What Variable cost is:
18. 18.What Fixed cost is:
19. 19.What Mixed cost is:
20. 20.Calculate contribution margin Per unit.
    1. 3. Methods ONLY need to know 2 of them: NOT the graph method.

21.How to calculate Break even: & definition of break-even

22. Calculate marginal safety:

23. CVP income statement is & how to calculate it :

24. What a Master budget is:

          Why we use budgets & why it's useful

25. What a Financial budget is:

26. What an Operating Budget is:

         Be able to know how to calculate sales based on those sales.

27. Calculate direct labor cost:

28. Question on cash: how to calculate the available cash?

29. example of cash: accounts receivable sales how much cash will receive?

30. Buy & how much cash in the bank & you have to calculate how much cash you need to borrow?

31. What to do with a budget once you have a variance:

32. What a Flexible budget is?

33. What Materiality means?

34. Some numbers on sales do calculate how many units need to produce?

35. Calculate manufacturing cost based on data on variable & fixed cost?

36. Flexible budget cost: how to calculate the difference of the flexible budget?

37. Difference between favorable & unfavorable dealing with standard cost & actual cost?

38. What is the standard cost?

39. Difference between budget VS. standard?

40. What happens when you replace old with new machines; what relevant information you need?

41. Incremental analysis is?

42. What is involved in whether to accept or not accept an order?

43. Steps in the decision-making process:

44. Management makes decisions based on financial and non-financial information.

Answer rating: 100% (QA)

1 Managerial accounting is the practice of using financial data and analysis to inform business decisions It helps managers make better decisions by providing information on product costs overhead cos... View the full answer