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Chapter 11 Decision Making And Relevant Information Pdf

chapter 11 decision making and relevant information pdf

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When production and sales volume is high, the higher capital costs of replacement are more than offset by the savings in operating costs in the replace option. This exercise illustrates the possible conflict between the decision model and the performance evaluation model. Since no variable selling costs will be incurred on this order, this cost is irrelevant.

Chapter 11 - Decision making and Relevant Information

Report Download. Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. By creating an account, you agree to our terms and conditions. Already member? Dec 19, Report Download Category: Documents.

Author: harold-davidson. Tags: decisions slide decision process n n differential costs decision situation slide irrelevant costs manager slide performance slide total costs. Slide 8 11 - 8 Five-Step Decision Process 1 Gathering information 2 Making predictions 3 Choosing an alternative 4 Implementing the decision 5 Evaluating performance Slide 9 11 - 9 Learning Objective 2 Differentiate relevant costs and revenues from irrelevant costs and revenues in any decision situation Slide 10 11 - 10 The Meaning of Relevance n Relevant costs and relevant revenues are expected future costs and revenues that differ among alternative courses of action.

Slide 11 11 - 11 The Meaning of Relevance n Historical costs are irrelevant to a decision but are used as a basis for predicting future costs. Slide 12 11 - 12 The Meaning of Relevance n Differential income net relevant income is the difference in total operating income when choosing between two alternatives.

Slide 13 11 - 13 Learning Objective 3 Distinguish between quantitative factors and qualitative factors in decisions Distinguish between quantitative factors and qualitative factors in decisions Slide 14 11 - 14 Quantitative and Qualitative Relevant Information n Quantitative factors are outcomes that are measured in numerical terms: Financial Nonfinancial n Qualitative factors are outcomes that cannot be measured in numerical terms. Slide 19 11 - 19 One-Time-Only Special Order n No marketing costs will be incurred for this one-time-only special order.

Slide 22 11 - 22 Learning Objective 4 Identify two potential problems that should be avoided in relevant-cost analysis Slide 23 11 - 23 Potential Problems in Relevant-Cost Analysis n General assumptions: Do not assume that all variable costs are relevant.

Do not assume that all fixed costs are irrelevant. Slide 24 11 - 24 Potential Problems in Relevant-Cost Analysis n Unit-cost data can potentially mislead decision makers: Irrelevant costs are included. The same unit costs are used at different output levels. Slide 25 11 - 25 Insourcing versus Outsourcing n Outsourcing is the process of purchasing goods and services from outside vendors rather than producing goods or providing services within the organization, which is called insourcing.

Slide 26 11 - 26 Make-or-Buy Decisions n Decisions about whether to outsource or produce within the organization are often called make-or-buy decisions.

Slide 31 11 - 31 Make-or-Buy Decisions n The answer depends on the difference in expected future costs between the alternatives. Slide 33 11 - 33 Make-or-Buy Decisions n What is the variable manufacturing cost per unit?

Slide 37 11 - 37 Learning Objective 5 Describe the opportunity cost concept and explain why it is used in decision making Slide 38 11 - 38 Opportunity Costs, Outsourcing, and Constraints n Assume that if Gabriela buys the part from Alec Enterprises, it can use the facilities previously used to manufacture Part 2 to produce Part 3 for Krystas Company. Slide 39 Decision on relevant merger situation and substantial Category: Documents.

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CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION

Baron Company incurs the following annual costs in producing25, ignition switches for motor scooters. Log in Get Started. Chapter 11 - Decision making and Relevant Information. See Full Reader. TAGS: future costs relevant relevancerelevant information twoalternatives makingdecisions chapter elevendecision past costs future revenues relevant cash flows. Download for free Report this document.

chapter 11 decision making and relevant information pdf

11 - 1 Decision Making and Relevant Information Chapter 11.

Chapter 11 - Decision making and Relevant Information

chapter 11 decision making and relevant information

Embed Size px x x x x How many decisions have you made today? Maybe you made a big one, such as accepting a job offer.

Embed Size px x x x x How many decisions have you made today? Maybe you made a big one, such as accepting a job offer. Ormaybe your decision was as simple as settling on your plans for theweekend or choosing a restaurant for dinner. Regardless of whetherdecisions are significant or routine, most people follow a simple,logical process when making them. This process involves gatheringinformation, making predictions, making a choice, acting on thechoice, and evaluating results. It also includes deciding what costsand benefits each choice affords.


Chapter Decision Making and Relevant Information. Horngren 13e. Learning Objective 1: Use the following five-step decision-making process to.


Report Download. Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. By creating an account, you agree to our terms and conditions.

chapter 11 decision making and relevant information

4 Comments

  1. Millicent M.

    04.06.2021 at 02:02
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  2. Stacey G.

    06.06.2021 at 06:02
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    Assign Exercise and Problem

  3. Freya P.

    08.06.2021 at 06:58
    Reply

    CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION Do not assume all variable costs are relevant and all fixed costs are irrelevant. 2. Do not​.

  4. Logan B.

    08.06.2021 at 14:46
    Reply

    Implement the decision , evaluate performance, and learn.

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