Calculating Inventory Quantity with the Economic Order Quantity Formula
Figuring a Favorable Reorder Point
Evaluating Prediction Error
Practicing Just-In-Time Purchasing
SCM and Customer Demand Issues
Chapter 19: Quality: Building a Better Mousetrap
Considering Quality Benefits and Costs
Compiling a Cost of Quality Report
Putting Quality Practices in Place
Customer Satisfaction: Measuring and Improving It
Doing More in Less Time
Eliminating the Constraint of the Bottleneck
10 Part 6: The Part of Tens Chapter 20: Ten Common Costing Mistakes and How to Avoid Them Pricing a Product Incorrectly Listing Fixed Costs As Variable Costs Labeling Period Costs As Product Costs Misusing Target Net Income Forgetting About Taxes Assigning Costs to the Wrong Product Not Reviewing Variances Correctly Redlining: Pushing Production Activity Above Relevant Range Ignoring the Timing of Costs Not Implementing Activity-Based Costing Chapter 21: Ten Ways to Increase Profits Using Costing Selling More Of The Right Products Implementing Sales Mix Analysis to Increase Total Profits Building a Higher Margin of Safety Deciding How Much You Need: Production and Scheduling Issues Who Does What: Handling Costs and Employee Issues Reducing and Managing Scrap Moving It off the Shelf: Inventory Issues Effectively Taking Special Orders Making Accurate Cost Allocations Addressing the Issue of Spoilage
11 Index
List of Tables
1 Chapter 2TABLE 2-1: Fixed and Variable CostsTABLE 2-2: Fixed and Variable Costs, Direct and Indirect Costs — Examples
2 Chapter 4TABLE 4-1 Job Cost Sheet — Johnson Fence JobTABLE 4-2 Normal Job Cost Sheet — Landscaping JobTABLE 4-3 Control Accounts for Inventory
3 Chapter 5TABLE 5-1 Order Manager — Monthly Hours Per CustomerTABLE 5-2 Windshield Direct CostsTABLE 5-3 Indirect Cost Activities — Windshield Production and InstallationTABLE 5-4 Cost Allocation RatesTABLE 5-5 Cost Allocation as a Percentage of Total HoursTABLE 5-6 Total Costs By Type — Sedan and Van WindshieldsTABLE 5-7 Flower Bed and Lawn Care CostsTABLE 5-8 Costs and Profit by Product — Flower Bed and Lawn CareTABLE 5-9 Activity-Based Costing by Product — Flower Bed and Lawn CareTABLE 5-10 Calculating a New Sale Price for Flower Beds
4 Chapter 6TABLE 6-1 Garage Door Production BudgetTABLE 6-2 Garage Door Cost of Goods Sold BudgetTABLE 6-3 Gift Shop Cash Budget — Month of MarchTABLE 6-4 Gift Shop Budgeted Statement of Cash FlowsTABLE 6-5 Budgeted Balance SheetTABLE 6-6 Budgeted Income Statement
5 Chapter 7TABLE 7-1 Toy Manufacturer — Static BudgetTABLE 7-2 Toy Manufacturer — Actual ResultsTABLE 7-3 Toy Manufacturer — Static Budget VarianceTABLE 7-4 Toy Manufacturer — Revenue and Cost VarianceTABLE 7-5 Toy Manufacturer — Sales Volume VarianceTABLE 7-6 Material Price Variance — Aluminum for BikesTABLE 7-7 Material Efficiency Variance — Aluminum for BikesTABLE 7-8 Labor Price Variance — Labor Hours for LampsTABLE 7-9 Labor Efficiency Variance — Labor Hours for LampsTABLE 7-10 Glass Bottles — Labor Cost Allocation by BatchTABLE 7-11 Glass Bottles — Flexible Budget CalculationTABLE 7-12 Glass Bottles — Labor Price VarianceTABLE 7-13 Glass Bottles — Labor Efficiency Variance
6 Chapter 8TABLE 8-1 Budgeted Fixed Overhead — Applied to Actual OutputTABLE 8-2 Budgeted Variable Overhead — Applied to Actual Output
7 Chapter 9TABLE 9-1 Rubber Mallet — Inventory Purchases and SalesTABLE 9-2 FIFO Method — Cost of SalesTABLE 9-3 LIFO Method — Cost of SalesTABLE 9-4 Profit on 100 Units Sold — FIFO and LIFOTABLE 9-5 Profit on 225 Units Sold — FIFO and LIFOTABLE 9-6: Total Profit- FIFO and LIFOTABLE 9-7 Year 1 Production — Sales and CostsTABLE 9-8: Year 1 Profit — Variable Versus Absorption CostingTABLE 9-9 Year 2 Production — Sales and CostsTABLE 9-10 Year 2 Profit — Variable Versus Absorption Costing
8 Chapter 11TABLE 11-1 Machine Purchase Decision — ComparisonTABLE 11-2 Towel Company — Before Special OrderTABLE 11-3 Towel Company — Special-Order ProposalTABLE 11-4 “Make” Decision – Continue ProductionTABLE 11-5 “Buy” Decision — Outsource ProductionTABLE 11-6 Closing a Division — Financial ImpactTABLE 11-7 Carrying Cost Decision — Candle PurchasesTABLE 11-8 Product Mix — Contribution Margin Per HourTABLE 11-9 Product Mix — Actual Production
9 Chapter
