ACCT 2302 Fundamentals of Accounting II Spring 2011 Lecture 3 Professor Jeff Yu Review: cost behavior __________ per unit does NOT change when activity level changes. Total…

Comparing Merchandising and Manufacturing Companies Merchandisers . . . Buy finished goods. Sell finished goods. Manufacturers . . . Buy raw materials. Produce and sell finished…

Costs Terms, Concepts and Classifications Chapter Two 2-* Learning Objective 1 Identify and give examples of each of the three basic manufacturing cost categories. 2-* The…

Costs Terms, Concepts and Classifications Chapter Two 2-* Learning Objective Prepare an income statement including calculation of the cost of goods sold. 2-* The Income Statement…

Learning Objective 1 Explain the purpose and nature of managerial accounting. Managerial Accounting vs. Financial Accounting LO1 Learning Objective 2 Describe the lean business…

Comparing Merchandising and Manufacturing Companies Merchandisers . . . Buy finished goods. Sell finished goods. Manufacturers . . . Buy raw materials. Produce and sell finished…