ACC 349 Week 4

Individual Assignments Ch. 5 & 6

Prepare written responses to the following assignments from Managerial Accounting: Tools for Business Decision Making:

Ch. 5 Exercises E5-1 and E5-9

Ch. 6 Exercises E6-7 and E6-10

Learning Team Problem Ch. 7

Prepare written responses to the following problems from Ch. 7 of Managerial Accounting: Tools for Business Decision Making:

Problem P7-1A

Learning Team Case Study Ch. 6

Prepare written responses to the following case study from Ch. 6 of Managerial Accounting: Tools for Business Decision Making:

Managerial Analysis BYP 6-2

Discussion Questions

Let's discuss some of the advantages and disadvantages of standard costs. How do you or your manager determine what the standard costs should be?

When do you think variances should be investigated? Who do you think should be responsible for correcting a negative variance and why?