Comparison of Tasks Required for Each Company (Case)
All Tasks are Completed using the Company Information, General Ledger, Cost Sheet, Inventory Reports
Tasks may be assigned in any order after the "General Ledger" is sorted (Task 1) and the "Cost Sheet" is completed (Task 2).
With the exception of the first two tasks, you may omit any tasks related to concepts you do not cover in class.
The number in the case column refers to the task/test number associated with the subject on the left.
Recommended Class:
Intro/MBA
Intro/MBA
Intro
Intro/MBA
Intro
Cost Acct
Cost Acct/MBA
Type of Product
Greeting
Sandwiches
Picture
Swim Lessons
Pencils
End Tables
Card
Chips/Drinks
Frame
Cookies/Drinks
Pillows
10 & 20 Packs
3 Sizes
Ticke-
Great
Picture
Swim
Softy
Custom
Related Concept:
lopes
Subs
This
School
Pillows
Pencils
Tables
Sort All Costs in the General Ledger:
Product/Period/Fixed/Variable/Mixed
1
1
1
1
1
1
1
Determine the Cost of 1 Product
or Service (Cost Sheet)
2
2
2
2
2
2
2
Cost Volume Profit Analysis
3
3
3
3
3
3
Cost Volume Profit Analysis
with a Sales Mix
3A
3
3A
Flexible Budget
4
4
4
4
4
Short-term Decisions
5
5
5
5
5
12
Long-term Decisions
6
6
6
6
6
Activity Based Costing
7
4
4
Calculate Cost of Goods Manufactured,
Cost of Goods Sold and Prepare the
8
7
7
7
7
5
5
Income Statement (Actual or Budget)
Actual
Actual & Budget
Actual
Actual
Actual
Actual & Budget
Actual & Budget
Record the Cost of a Custom Job
7
Record Manufacturing Costs:
Normal Costing (Apply MOH)
9
8
8
8
8
6
6
Record Manufacturing Costs:
Standard Costing
6A
Record Manufacturing Costs:
Standard Costing & Record Variances
8
8
Variance Analysis (all product costs)
10
9
9
9
9
7
9
Variable Cost Income Statement &
Absorption Cost Income Statement
11
10
10
10
10
9
10
Return on Investment/Residual Income
11
11
11
11
Segment Reporting
11
11
11
11
Comprehensive Budget
13
12
12
12
12
13
Process Costing
12
13
10
11