Managerial accounting

 Week 5 & 6 homework help in managerial accounting:

Please note the following activities and requirements:

Topic 5: Budgeting and Performance Measures

Objectives:

5.1:

Explain the components of the master budget for a merchandising company.

5.2:

Summarize some advantages of standard costing and explain how standard costing is used to help manage costs.

5.3:

Calculate cost variances and analyze their significance.

Topic Materials

Textbooks

Managerial Accounting: Creating Value in a Dynamic Business Environment

Read Chapters 9 and 11 in Managerial Accounting: Creating Value in a Dynamic Business Environment.

http://gcumedia.com/digital-resources/mcgraw-hill/2010/managerial-accounting_ebook_9e.php

Electronic Resources

Assignments:

Budgeting

Complete Cases 9-45 and 9-46 in the textbook

Cases 9-45 and 9-46 should be prepared in a Word document with embedded Excel spreadsheets for relevant calculations and supporting schedules. You still need to post your Excel worksheet to show support for your calculations. Note, you must show your work in Excel, which includes providing the formulas in the cells, not just the summary value. You may not earn full points if you do not show your work in detail. Suggestion: To complete all parts of the problems correctly you should start each assignment with preparing an Excel workbook. The response for both cases should be between 250-500 words each.

Save your assignment (Word) as Lastname_FirstnameACC650_T5.docx.

Save your assignment (Excel) as Lastname_FirstnameACC650_T5.xlsx.

At least one external sources should be cited, not including a textbook.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.

Discussion Questions:

Topic 5 DQ 1

Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes that are used for that organization. If you do not have relevant work experience, use the GCU Library to locate an article on budgeting or forecasting and compare the process recommended by the article to that of the textbook. Your initial post should be approximately 250 words. To participate in follow up discussion, ask questions and post comments regarding classmates' posts or respond to follow-up questions posted by the instructor.

Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.

Participation:

Week 5 Participation : 20.0 points