Cornerstones of Managerial Accounting, 3rd edition
Mowen/Hansen/Heitger
Table of Cornerstones
Cornerstones for Chapter 1
N/A
Cornerstones for Chapter 2
2-1HOW TO Calculate Product Cost in Total and Per Unit, page 35
2-2HOW TO Calculate Prime Cost and Conversion Cost in Total and Per Unit, page36
2-3HOW TO Calculate the Direct Materials Used in Production, page 38
2-4HOW TO Calculate Cost of Goods Manufactured, page 39
2-5HOW TO Calculate Cost of Goods Sold, page 40
2-6HOW TO Prepare an Income Statement for a Manufacturing Firm, page 41
2-7HOW TO Calculate the Percentage of Sales Revenue for Each Line on the Income Statement, page 42
2-8HOW TO Prepare an Income Statement for a Service Organization, page 43
Cornerstones for Chapter 3
3-1HOW TO Create and Use a Cost Formula, page 77
3-2HOW TO Use the High-Low Method to Calculate Fixed Cost and the Variable Rate and to Construct a Cost Formula, page 80
3-3HOW TO Use the High-Low Method to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output, page 81
3-4HOW TO Use the High-Low Method to Calculate Predicted Total Variable Cost and Total Cost for a Time Period that Differs from the Data Period, page 82
3-5HOW TO Use the Regression Method to Calculate Fixed Cost and the Variable Rate and to Construct a Cost Formula and to Determine Budgeted Cost, page 88
Cornerstones for Chapter 4
4-1How to Prepare a Contribution Margin Income Statement, page 118
4-2HOW TO Solve for the Break-Even Point in Units, page 120
4-3HOW TO Calculate the Variable Cost Ratio and the Contribution Margin Ratio, page122
4-4HOW TO Solve for the Break-Even Point in Sales Dollars, page 123
4-5HOW TO Solve for the Number of Units to Be Sold to Earn a Target Operating Income, page 125
4-6HOW TO Solve for the Sales Needed to Earn a Target Operating Income, page126
4-7HOW TO Calculate the Break-Even Units for a Multiple-ProductFirm, page 132
4-8HOW TO Calculate the Break-Even Sales Dollars for a Multiple-Product Firm, page134
4-9HOW TO Compute the Margin of Safety, page 138
4-10HOW TO Compute the Degree of Operating Leverage, page 138
4-11HOW TO Compute the Impact of Increased Sales on Operating Income Using the Degree of Operating Leverage, page 140
Cornerstones for Chapter 5
5-1HOW TO Calculate the Predetermined Overhead Rate and Apply Overhead to Production, page 170
5-2HOW TO Reconcile Actual Overhead with Applied Overhead, page 172
5-3HOW TO Calculate Predetermined Departmental Overhead Rates and Apply Overhead to Production, page 173
5-4HOW TO Convert Departmental Data to Plantwide Data to Calculate the Overhead Rate and Apply Overhead to Production, page 174
5-5HOW TO Prepare Brief Job-Order Cost Sheets, page 184
Cornerstones for the Chapter 5 Appendix
5-6HOW TO Assign Support Department Costs by Using the Direct Method, page192
5-7HOW TO Assign Support Department Costs by Using the Sequential Method, page194
Cornerstones for Chapter 6
6-1HOW TO Calculate Cost Flows without Work in Process, page 224
6-2HOW TO Calculate Equivalent Units of Production: No Beginning Work in Process, page 227
6-3HOW TO Measure Output and Assign Costs: No Beginning Work in Process, page228
6-4HOW TO Measure Output and Assign Costs: Weighted Average Method, page230
6-5HOW TO Prepare a Physical Flow Schedule, page 232
6-6HOW TO Prepare a Production Report: Weighted Average Method, page 234
6-7HOW TO Calculate Equivalent Units, Unit Costs, and Value Inventories with Nonuniform Inputs, page 236
6-8HOW TO Calculate the Physical Flow Schedule, Equivalent Units, and Unit Costs with Transferred-In Goods, page 238
Cornerstones for the Chapter 6 Appendix
6-9HOW TO Calculate Output and Cost Assignments: First-in, First-out Method, page242
6-10HOW TO Prepare a Production Report: First-in, First-out Method, page 244
Cornerstones for Chapter 7
7-1HOW TO Calculate Consumption Ratios, page 278
7-2HOW TO Calculate Activity Rates, page 278
7-3HOW TO Calculate Activity-Based Unit Costs, page 279
7-4HOW TO Assign Resource Costs to Activities by Using Direct Tracing and Resource Drivers, page 284
7-5HOW TO Calculate Activity-Based Customer Costs, page 288
7-6HOW TO Calculate Activity-Based Supplier Costs, page 289
7-7HOW TO Assess Nonvalue-Added Costs, page 294
7-8HOW TO Calculate Cycle Time and Velocity, page 295
Cornerstones for Chapter 8
8-1HOW TO Compute Inventory Cost under Absorption Costing, page 333
8-2HOW TO Compute Inventory Cost under Variable Costing, page 334
8-3HOW TO Prepare an Absorption-Costing Income Statement, page 335
8-4HOW TO Prepare a Variable-Costing Income Statement, page 336
8-5HOW TO Prepare a Segmented Income Statement, page 338
8-6HOW TO Calculate Ordering Cost, Carrying Cost, and Total Inventory-Related Cost, page 341
8-7HOW TO Calculate the Economic Order Quantity (EOQ), page 343
8-8HOW TO Calculate the Reorder Point When Usage Is Known with Certainty, page344
8-9HOW TO Calculate Safety Stock and the Reorder Point with Safety Stock, page345
Cornerstones for Chapter 9
9-1HOW TO Prepare a Sales Budget, page 373
9-2HOW TO Prepare a Production Budget, page 375
9-3HOW TO Prepare a Direct Materials Purchases Budget, page 377
9-4HOW TO Prepare a Direct Labor Budget, page 378
9-5HOW TO Prepare an Overhead Budget, page 379
9-6HOW TO Prepare an Ending Finished Goods Inventory Budget, page 379
9-7HOW TO Prepare a Cost of Goods Sold Budget, page 380
9-8HOW TO Prepare a Selling and Administrative Expenses Budget, page 381
9-9HOW TO Prepare a Budgeted Income Statement, page 381
9-10HOW TO Prepare an Accounts Receivable Aging Schedule, page 383
9-11HOW TO Determine Cash Payments on Accounts Payable, page 384
9-12HOW TO Prepare a Cash Budget, page 385
Cornerstones for Chapter 10
10-1HOW TO Compute Standard Quantities Allowed (SQ and SH), page 422
10-2HOW TO Use Control Limits to Trigger a Variance Investigation, page 425
10-3HOW TO Calculate the Total Variance for Materials, page 427
10-4HOW TO Calculate Materials Variances: Formula and Columnar Approaches, page428
10-5HOW TO Calculate the Total Variance for Labor, page 431
10-6HOW TO Calculate Labor Variances: Formula and Columnar Approaches, page432
Cornerstones for Chapter 11
11-1HOW TO Prepare a Performance Report Based on a Static Budget (Using Budgeted Production), page 463
11-2HOW TO Prepare a Flexible Production Budget, page 464
11-3HOW TO Prepare a Performance Report Using a Flexible Budget, page 466
11-4HOW TO Calculate the Total Variable Overhead Variance, page 467
11-5HOW TO Calculate Variable Overhead Spending and Efficiency Variances: Columnar and Formula Approaches, page 469
11-6HOW TO Prepare a Performance Report for the Variable Overhead Variances, page471
11-7HOW TO Calculate the Total Fixed Overhead Variance, page 473
11-8HOW TO Calculate Fixed Overhead Variances: Columnar and Formula Approaches, page 474
11-9HOW TO Prepare a Static Budget for an Activity, page 477
11-10HOW TO Prepare an Activity Flexible Budget, page 478
11-11HOW TO Prepare an Activity-Based Performance Report, page 479
Cornerstones for Chapter 12
12-1HOW TO Calculate Average Operating Assets, Margin, Turnover, and Return on Investment, page 512
12-2HOW TO Calculate Residual Income, page 517
12-3HOW TO Calculate Economic Value Added, page 520
12-4HOW TO Calculate Transfer Price, page 523
Cornerstones for the Chapter 12 Appendix
12-5HOW TO Compute Cycle Time and Velocity, page 533
12-6HOW TO Calculate Manufacturing Cycle Efficiency, page 534
Cornerstones for Chapter 13
13-1HOW TO Structure a Make-or-Buy Problem, page 564
13-2HOW TO Structure a Special-Order Problem, page 567
13-3HOW TO Structure a Keep-or-Drop Product Line Problem, page 569
13-4HOW TO Structure a Keep-or-Drop Product Line Problem with Complementary Effects, page 570
13-5HOW TO Structure the Sell-or-Process-Further Decision, page 572
13-6HOW TO Determine the Optimal Product Mix with One Constrained Resource, page573
13-7HOW TO Determine the Optimal Product Mix with One Constrained Resource and a Sales Constraint, page 574
13-8HOW TO Calculate Price by Applying a Markup Percentage to Cost, page 575
13-9HOW TO Calculate a Target Cost, page 577
Cornerstones for Chapter 14
14-1HOW TO Calculate Payback, page 604
14-2HOW TO Calculate the Accounting Rate of Return, page 606
14-3HOW TO Assess Cash Flows and Calculate Net Present Value, page 608
14-4HOW TO Calculate Internal Rate of Return with Uniform Cash Flows, page 610
14-5HOW TO Calculate Net Present Value and Internal Rate of Return for Mutually Exclusive Projects, page 615
Cornerstones for Chapter 15
15-1HOW TO Classify Activities and Identify Them as Sources or Uses of Cash, page651
15-2HOW TO Compute the Change in Cash Flow, page 653
15-3HOW TO Calculate Operating Cash Flows: Indirect Method, page 654
15-4HOW TO Compute Investing Cash Flows, page 656
15-5HOW TO Compute Financing Cash Flows, page 657
15-6HOW TO Prepare the Statement of Cash Flows, page 658
15-7HOW TO Calculate Operating Cash Flows by Using the Direct Method, page 659
15-8HOW TO Prepare a Statement of Cash Flows by Using a Worksheet Approach, page 661
Cornerstones for Chapter 16
16-1HOW TO Prepare Common-Size Income Statements by Using Base Period Horizontal Analysis, page 691
16-2HOW TO Prepare Income Statements by Using Net Sales as the Base: Vertical Analysis, page 692
16-3HOW TO Calculate the Current Ratio and the Quick (or Acid-Test) Ratio, page698
16-4HOW TO Calculate the Average Accounts Receivable, the Accounts Receivable Turnover Ratio, and the Accounts Receivable Turnover in Days, page 699
16-5HOW TO Calculate the Average Inventory, the Inventory Turnover Ratio, and the Inventory Turnover in Days, page 700
16-6HOW TO Calculate the Times-Interest-Earned Ratio, page 701
16-7HOW TO Calculate the Debt Ratio and the Debt-to-Equity Ratio, page 702
16-8HOW TO Calculate the Return on Sales, page 703
16-9HOW TO Calculate the Average Total Assets and the Return on Assets, page 704
16-10HOW TO Calculate the Average Common Stockholders’ Equity and the Return on Stockholders’ Equity, page 705
16-11HOW TO Compute Earnings per Share, page 706
16-12HOW TO Compute the Price-Earnings Ratio, page 706
16-13HOW TO Compute the Dividend Yield and the Dividend Payout Ratio, page 707