Planning for Profit and Cost Control
Looking for Master A+ scholars ONLY
Chapter 12: Cost Accumulation, Tracing and Allocation
1. Define and/or calculate the following:
a. Cost Accumulation
b. Cost Tracing
c. Cost Allocation
d. Cost Object
e. Direct Costs
f. Indirect Costs
g. Overhead Costs
h. Allocation Base
i. Allocation Rate
Chapter 13: Relevant Information for Special Decisions
1. Define and/or calculate the following:
a. Relevant Information
b. Sunk Costs
c. Opportunity Costs
d. Differential Revenue
e. Avoidable Costs
f. Special Order Decision
g. Outsourcing Decision
h. Segment Elimination Decision
i. Asset Replacement Decision
Chapter 14: Planning for Profit and Cost Control
1. Define and/or calculate the following:
a. Strategic Planning
b. Capital Budgeting
c. Operations Budgeting
d. Continuous Budgeting
e. Participative Budgeting
f. Master Budget
g. Pro Forma Financial Statements
h. Sales Budget
i. Schedule of Cash Receipts from Sales
j. Budgeted Accounts Receivable
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These are the general things they will cover. I will attach similar questions that will be on the online test, Only 20-25 questions will be on the test
