MGMT 201 - MANAGEMENT ACCOUNTING I - SYLLABUS Spring 2012 BASIC INFORMATION

Professor: Dr. Lynda Thoman (thoman@purdue.edu - to be used only for administrative questions about the lectures or the general course) Office hours: Monday and Wednesdays 10:00 AM noon in KRAN 505 Administrative Assistant: Jeff Doll (doll2@purdue.edu - to be used for technical questions about the Connect website and assignments and other administrative questions) For questions about the material or working a specific problem, see the section on page 2 of this syllabus, GETTING HELP WITH THE READINGS AND PROBLEMS Lecture times: Section
0001 0002

Professor
Dr. Thoman Dr. Thoman

Day and Time

MW 7:30 AM 8:20 AM MW 8:30 AM 9:20 AM

Room
LILLY 1105 LILLY 1105

Recitation Sections:

Section
0003 0004 0005 0006 0007 0008 0009 0010 0011 0012 0013 0014

Instructor
Jason Merritt Jeff Doll Jason Merritt Jeff Doll Jason Merritt Jeff Doll Jason Merritt Jeff Doll David Franco David Franco Jason Merritt Jason Merritt

Day and Time

F 9:30 AM 10:20 AM F 9:30 AM 10:20 AM F 10:30 AM 11:20 AM F 10:30 AM 11:20 PM F 11:30 AM 12:20 PM F 11:30 AM 12:20 PM F 12:30 PM 1:20 PM F 12:30 PM 1:20 PM R 1:30 PM 2:20 PM R 2:30 PM 3:20 PM R 3:30 PM 4:20 PM R 4:30 PM 5:20 PM

Room
RAWL 1011 RAWL 1057 RAWL 1011 RAWL 1057 RAWL 1011 RAWL 1057 RAWL 1011 RAWL 1057 RAWL 3082 RAWL 3082 RAWL 3082 RAWL 3082

Instructor
David Franco Jason Merritt

Section
Sec. 0011 Sec. 0012 Sec. 0003 Sec. 0005 Sec. 0007 Sec. 0009 Sec. 0013 Sec. 0014 Sec. 0004 Sec. 0006 Sec. 0008 Sec. 0010

Day and Time

R 1:30 PM 2:20 PM R 2:30 PM 3:20 PM F 9:30 AM 10:20 AM F 10:30 AM 11:20 AM F 11:30 AM 12:20 PM F 12:30 PM 1:20 PM R 3:30 PM 4:20 PM R 4:30 PM 5:20 PM F 9:30 AM 10:20 AM F 10:30 AM 11:20 AM F 11:30 AM 12:20 PM F 12:30 PM 1:20 PM

Room
RAWL 3082 RAWL 3082 RAWL 1011 RAWL 1011 RAWL 1011 RAWL 1011 RAWL 3082 RAWL 3082 RAWL 1057 RAWL 1057 RAWL 1057 RAWL 1057

Jeff Doll

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MATERIALS REQUIRED FOR CLASS

Two items must be purchased for the coursea textbook and a Connect (C) code card. Detailed information about where one can purchase either/both items is on the Katalyst website in the folder entitled: 201-REQUIRED TEXT AND MATERIALS. 1. Textbook Managerial Accounting: Creating Value in a Dynamic Business Environment, 9th Edition, by Ronald W. Hilton. (A different edition will not have the correct problems.) Connect (C) is an online website that is used to complete and submit half of the homework problems.

2. Connect code card

Students must also download the weekly lecture notes from the Katalyst website.

KATALYST WEBSITE
Katalyst Website: The Katalyst website for the class can be accessed at: https://webapps.krannert.purdue.edu This website contains much essential information for the class. Under the File tab on the Katalyst site one can find notes for the lectures, sample exams, check figures, solutions to problems, etc. The SharePoint discussion board can also be accessed through the Katalyst site.

GETTING HELP WITH THE READINGS AND PROBLEMS

There are four sources of help with understanding the material and/or solving the assigned homework problems: Tuesday review sessions with Prof. Thoman, Prof. Thomans office hours, nightly office hours, and the SharePoint course discussion board. Please do not e-mail questions about the course material to your TA or the professor. 1. Tuesday review sessions with Prof. Thoman 2. Professor Thomans office hours 3. Nightly office hours 4. SharePoint discussion board Every Tuesday from 4:30-5:30 PM Professor Thoman will hold a review/help session. These sessions will be held in KRAN G009. Prof. Thoman is available in her office in KRAN 505 for questions on Mondays and Wednesdays from 10:00 AM Noon. Tuesday, Wednesday and Thursday nights from 6:00 PM 7:30 PM a TA will be available in RAWL 2058 to answer your questions. Questions about the material can be posted on the SharePoint discussion board. A TA or the professor will answer all questions once each day; students are also encouraged to help each other. To access SharePoint go to Katalyst (https://webapps.krannert.purdue.edu) Click My Courses and go to Mgmt Accounting I course page (Access the site for your lecture section: MGMT 20100 001 or MGMT 20100 002) Next to SharePoint click on the Go to Site button. When prompted enter krannert\yourusername in the Username field and your Purdue account password in the Password field Add all questions and comments to the Discussion Board.

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COURSE CONTENT AND OBJECTIVES

Managerial accounting studies the generation and use of information that is vital to managers for making decisions and evaluating the performance of employees. The course has two parts. First, we learn how firms compute the costs of the products they make or services they provide. The information from this section will enable one to answer questions such as: 1. Why did the Sony Corporation cut the number of different parts that they use in their products by 90%? 2. How does Regions Bank know which customers cost them a lot of money to service? 3. If a tube of Estee Lauder lipstick sells for $50, what is the approximate cost to manufacture the lipstick? Having mastered product and service costing methods, we learn how the information can be used to make decisions and to motivate employees and managers. Questions that one will be able to answer after this part of the course include: 1. If Target has limited shelf space, how does the company decide which products to stock? 2. If Macys wants to shut a department, which numbers would be relevant to this decision? 3. How does Caterpillar know if the manager of the department producing earth-movers has done a good job? In this course we promote learning that will stay with one for many years. While there are several tools and methods that must be mastered, our emphasis will be on learning how to use the techniques in new situations that one might encounter today on a test and in the future at ones job. Really understanding the material will enable one to be able to remember and apply his/her knowledge to new problems; memorizing will not be sufficient.

OVERVIEW OF CLASS
Lecture and recitation format The course will be taught in a lecture and recitation format. On Mondays and Wednesdays the professor will focus on the theory and logic behind the material. Lecture notes for each week, with blanks to be completed in class, will be posted on Katalyst. On Thursdays and Fridays we will have small recitation sessions. Class time will be used to apply the theory to new problems and to learn about industry applications of the methods. One is encouraged to ask questions and clear up problems during these sessions. Recitation sections will also be used to administer quizzes. Difficulty of the course and hours of study required This course requires dedicated, regular work. To do well a student should expect to spend 5-6 hours of study time each week. Time is needed to review the lecture notes, read the textbook, and carefully complete the Connect and recitation homework problems.

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INFORMATION IN THE SYLLABUS

Information in the rest of this syllabus is organized as follows: A. GRADING OF THE CLASS General information about the points one can earn in the class and cutoff scores for each letter grade A1. HOMEWORK ASSIGNMENTS Homework assignments to be submitted on the Connect (C) website and at the recitation (R) sessions. A2. QUIZZES Information about quizzes in the recitation sessions. A3. PROFESSIONALISM Discussion of students responsibilities and contributions to the class. A4. EXAMS Information about midterms and final. ACADEMIC HONESTY Penalties in cheating cases. GRADING CHECKPOINTS AND CORRECTION OF ERRORS INSTRUCTORS RESPONSIBILITIES OTHER POLICIES SCHEDULE OF READINGS, PROBLEMS, QUIZZES, EXAMS p. 4 p. 5 p. 6 p. 6 p. 7 p. 8 p. 9 p. 9 p. 9 p. 10

B. C. D. E. F.

Additional information about the recitation sessions is in the handout 201-Recitation Sessions Information-S12, that will be distributed in the first recitation session and is posted on Katalyst. The information in that handout is part of this syllabus in defining the requirements for the course.

A. GRADING OF THE CLASS

Points in the course will be awarded as follows: HOMEWORK: Homework submitted on Connect Plus website (CP problems) Homework submitted at recitation sessions (R problems) QUIZZES PROFESSIONALISM Professionalism points earned at recitations Professionalism points earned at lectures EXAMS Midterm 1 Midterm 2 Final Examination (Cumulative) TOTAL POINTS 60 50 60 55 25 100 150 200 700

The following provides a guide to the points required for each grade. We reserve the right to lower the cutoffs (we will not raise them). Grade A B C D Total Points 700 630 560 490 420 Percent of Total 100% 90% 80% 70% 60%

Pluses and minuses will be used; students close to the cut-off point for the next higher letter grade will receive a +; those close to the cut-off, or minimum number of points required for each letter grade, will receive a - with their letter grade. Page 4 of 18

A1. HOMEWORK (110 points) We have two types of homework in this classhomework submitted on the Connect website (C assignments) and homework submitted at the Recitation sessions (R assignments). Homework submitted on Connect (C) website (60 points) During the semester, there are 14 problem assignments that must be submitted using the Connect website (C assignments). Each assignment is worth 5 points.1 We will automatically drop your 2 lowest scores; thus, the highest 12 scores will be counted for a total of 60 possible points. We encourage students to do all 14 assignments so that all of the material is mastered. C assignments are due at noon on the date on which the problems are listed in the attached schedule. Your score on each C assignment will be based on the work you have submitted or saved by the deadline date and time for that assignment. Homework not turned in or turned in late cannot be made up. If one has a Purdue obligation (e.g., an athletic event) or must miss a class due to an academic activity (e.g., a job interview), one must submit the C problems early to make sure the deadline is met. If one is ill and cannot submit the homework, this will be one of the C scores that is dropped.

Connect (C) assignments may be submitted twice as long as both submissions are completed before the due date and time; that is, if one wants to improve the score received on a C assignment, one may redo the assignment and resubmit it once as long as the deadline has not passed. The higher of the two scores will be used in computing the grade for the course. If one wants to practice solving the C problems after the deadline, one can access the problems by using the practice assignments for the homework(s). These practice assignments can be accessed only after the deadline for each homework assignment has passed. Since these assignments are for practice only, one has unlimited attempts to complete the problems. All technical issues about accessing and using the Connect website should be addressed to the Administrative Assistant Jeff Doll (doll2@purdue.edu). All questions about solving the C problems should be asked at Prof. Thomans weekly help session or office hours, queried at the nightly office hours, or submitted to the SharePoint Course Discussion board. Getting started and registering with Connect Before trying to use the Connect Plus website, one must find the folder 201-INITIAL BOOK & CONNECT INFO-S12 on Katalyst and download the document in the folder: 201-Registering your Connect Code. This document provides instructions for registering to use the Connect (C) website and for doing ones homework on the C site. For more help with Connect, after logging in, note the help section at the top left of the Connect site. Additional information about Connect and purchasing your text is also in this folder. The purchase of the Connect Plus (C) code card will allow one to register the C code twice and only twice. If one needs to register a third time, one will have to purchase a new C code. One does not have to re-register if one changes sections or lecture sessions.

For the Connect (C) assignments only, we will round up the points to the nearest whole number. For example, 4.3 will be rounded up to 5.0 points.

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Homework submitted at Recitation sessions or R assignments (50 points) At most recitation sessions a homework assignment will be due (R problems); a total of 12 assignments will be collected. Each assignment is worth 5 points. The recitation assignments will be collected at the beginning of the class; if a student is late for class, the homework may not be submitted.2 We will automatically drop the 2 lowest scores; thus, the highest 10 scores will be counted for a total of 50 possible points. Again, we encourage students to complete all assignments. The recitation homework assignments usually consist of 3 problems. Friday afternoon, after all recitation sections have met, we will select one problem out of the assignment to be graded. That one problem will be graded for effort. Check figures for all Recitation assignments are posted on Katalyst. After the recitation homework problems have been collected in all sections, detailed solutions will be posted. Since not all problems will be graded, and the one problem that is scored will be graded for effort, it will be important that each student check his/her work against the posted solutions. More information about this topic is in the separate handout, 201-Recitation Sessions InformationS12. A2. QUIZZES (60 points) During the semester 3 quizzes will be administered in the recitation sessions; dates are listed on the schedule in this syllabus. Each quiz is worth 20 points; there will be no make-up quizzes. If one misses a quiz due to an excused absence (ill, Purdue event, etc.), the other quizzes and the exams will be prorated to make up the extra points. If one misses a quiz due to an unexcused absence, a score of 0 will be recorded for that quiz. More information about this topic is in the separate handout, 201-Recitation Sessions InformationS12 A3. PROFESSIONALISM (90 points) Attending each lecture and recitation session is essential to doing well in this class. Paying attention and adding to the positive class atmosphere is also important. In general, we expect students to act as young professionals. Professionalism points earned at recitations (55 points) The professionalism points in the recitation sessions are earned as follows: 21 points, are earned through prompt attendance to the recitation sessions; 14 points are earned by making a positive contribution to the learning environment, and the last 20 points are earned by completing a professionalism project. More information about this topic is in the separate handout, 201-Recitation Sessions Information. Professionalism points earned at lectures (25 points) Attending lectures is essential for success in this class. There will be a seating chart for the lectures and attendance will be taken every class session at the beginning of the class. If one is late, one is expected to sit at the back of the class so others are not disturbed by a late entrant. It is also expected that students will act in a professional manner during the lectureno e-mailing or using of ones computer (unless okayed in advance by Prof. Thoman), no reading the paper, no talking with ones neighbors, etc.
2

If a student must cross campus to get to the Mgmt. 201 class or to the recitation session on time, then this problem needs to be documented; in such cases, an allowance can be made for recording attendance and handing in homework.

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Points will be deducted for classes missed and unprofessional behavior. It is important for everyone to help contribute to a positive learning environment. A4. EXAMS (450 points) Demonstrating on exams that one has mastered the material, i.e., understood the theory sufficiently so that it can be applied in a new situationis the largest point category in the class. All midterm and final examinations will be multiple-choice problems, closed book, and closed notes. The midterm examinations are not cumulative. However, the final examination is cumulative, covering all material studied during the semester. Dates and places for the midterms are as follows: Exam Midterm I* Midterm II* Day Thurs. Thurs. Date Feb. 16 Mar. 29 Time 8:00 PM 9:30 PM 8:00 PM 9:30 PM Place STEW 183, MTHW 210 WTHR 200, CL50 224, EE 129
Deadline to request a make-up

Fri., Feb. 10 Fri., Mar. 23

Final

To be announced

*See Katalyst in the week of the exam for room and seat assignments. One must bring his/her Purdue Student ID card (PUID) to all examinations and quizzes. No extra time will be given due to English language proficiency difficulties. Not all calculators may be used in the exam. Calculators that allow for storing of information and/or communicating with others or the web may not be used. Calculators that are part of phones may not be used. If a student arrives late for an examination, the student is not entitled to take a make-up exam nor will he/she receive extra time. The student will be required to turn in his/her exam with the rest of the class at the regularly scheduled time. Absences from an exam will be dealt with as follows: Unexcused absences An unexcused absence from any examination will result in a zero score for the examination. For example, if a student sleeps through an exam, he/she will receive a zero score for that exam. If a student cannot find the examination room or has the wrong time or place for the exam and misses the exam, he/she will receive a zero score for that exam.

Anticipated excused absence from an exam In the case of an anticipated excused absence (an official Purdue event, a conflict with an exam in another class) one must complete the Request to take the Make-up Exam, form that is attached to the end of this syllabus. This form must be completed and turned in to either Prof. Thoman or ones recitation instructor at least one week prior to the exam; the deadlines for requesting a make-up are listed in the table above. Late requests will not be considered. Many personal events are not valid reasons for scheduling a makeup exam. For example, make-up exams will not be scheduled for a relatives wedding, an interview (including a job interview), or Page 7 of 18

travel plans to leave campus before the end of the final exam period. In these cases failure to take the regular exam will result in a zero score on the exam. Absence from an exam due to an excused illness In the case of an excused illness, the student will be allowed to take a make-up exam. To qualify for a make-up exam, a student should do the following: 1. Send an e-mail to Prof. Thoman and/or ones TA as soon as possible so that we are informed and can plan a make-up exam if appropriate. 2. After recovering, obtain written documentation of ones illness. We need written proof that a licensed health care provider advised the student to not take the exam on the scheduled date. The documentation must be from an attending physician or other licensed health care provider, specifying both the date(s) of coverage and the fact that the student was advised to stay home on the day of the exam. A note from PUSH simply saying that the student was seen at the clinic will NOT be enough; nor will we entertain health care providers offers to be contacted on the telephone to discuss the issue. Lastly, parents, relatives or friends are not qualified to write excuses. We fully respect Health Insurance Portability and Accountability Act (HIPAA) and Family Educational Rights and Privacy Act (FERPA) regulations and do NOT want to know the nature or any details of the illness.

B. ACADEMIC HONESTY
Students are expected to be familiar with Purdues policy on academic honesty. Any cheating that is discovered will be pursued and punished by penalties that include failure of the course. It is expected that each student will do his/her own work on all quizzes and exams. All exams and all quizzes are closed book and notes. Use of unauthorized written materials, receiving or giving verbal or written assistance from or to another student during an exam or quiz is considered cheating. Any student found to have cheated on an exam or quiz will be given a grade of F for the course. Furthermore, his/her name will be forwarded to the Dean of Students for further disciplinary action. Submitting as ones original homework printed or handwritten copies of pages from the solutions manual or copies of another students homework is also considered cheating. Allowing a student to copy ones work is also dishonest. It is acceptable for students to work with other students or other knowledgeable individuals to learn how to solve the homework problems. However, when preparing a written solution to an assignment, it is expected that the work will be the students own. Students who violate this expectationfor example, a student who submits homework that is identical or close to the solution in the answer book or two students who submit almost identical workwill receive a grade of zero for that homework and a note will be sent to the Dean of Students. A repeat offense will result in failure of the course. Plagiarizing means copying (as little as a phrase from) another persons work without proper attribution. Plagiarizing also means paraphrasing another persons work without proper attribution. When submitting any material, it is important to submit original work. If a submission is plagiarized, the student will receive 0 points for that assignment and a note will be sent to the Dean of Students. A repeat offense will result in failure of the course.

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C. GRADING CHECKPOINTS AND CORRECTION OF ERRORS

Points earned in the course will be updated on Katalyst after each exam and at the end of the course. So students know where they stand, at each of these Checkpoints we will also provide a guide to the number of points required for each letter grade. If one suspects that there is an error in the information posted at a Checkpoint, please contact your recitation instructor. All errors in the scores posted at each Checkpoint must be reported within a week of each posting date. For an error concerning an exam or any item graded in the recitation session (quiz scores, professionalism points, etc.) the student should contact his/her recitation instructor. Please provide documentation of the problem. For errors with Connect assignments one should contact the Administrative Assistant, Jeff Doll (doll2@purdue). After the one-week deadline for the Checkpoint date has passed, all scores will be sealed and no further disputes regarding those scores will be entertained.

D. INSTRUCTORS RESPONSIBILITIES
Learning is a two way street. Above we have outlined what is expected from students. The professor and instructors also have their responsibilities. The teaching group in Mgmt. 201 pledge to be in class every session, to be on time, and to convey the material to the best of their ability. (We cannot promise to always be entertaining. ) We are interested in students suggestions for improving the course. Ideas can be sent by e-mail or the SharePoint discussion board. We will make changes when several people have the same suggestion, the change is feasible, and the idea is, in our opinion, good for the class. In the past some of our best suggestions have come from students.

E. OTHER POLICIES
Responsibility for all information in the syllabus and other documents The information/guidelines in the syllabus and other handouts will be followed in the class; students are responsible for this information. No Extra Credit projects - There will not be an option to do an extra credit project for this course. Incomplete grades - Incomplete grades will be assigned rarely and only in accordance with Section VII.B.4 of the Purdue University Regulations. Responsibility for missed classes - Students are responsible for all class content and all announcements made in class and/or posted on Katalyst. For practical reasons, we cannot summarize class content for a student when a class is missed. Changes to the syllabus - In rare cases changes to the syllabus are required. These changes will be announced in class and posted on Katalyst, and students will be responsible for knowing about the changes. Campus Emergency - In the event of a major campus emergency, course requirements, deadlines, and grading percentages are subject to change that may be necessitated by a revised university calendar or other circumstances beyond the instructors control. In the event of such an emergency, information will be posted to Katalyst Page 9 of 18

F. SCHEDULE OF READINGS, PROBLEMS, QUIZZES, EXAMS

It is expected that students will read the chapter listed for each week at the beginning of that week. One can better understand the lecture if the chapter for the week has been read. The recitation sessions will be conducted assuming the chapter has been read. Connect homework problems are denoted as C problems and are collected at noon on Wednesday of most weeks. Problems due at the recitation sessions are denoted as R problems. Any part of a problem that is labeled Build a spreadsheet may be ignored. Study Problems for each week will not be collected; these problems provide extra practice; their solutions are posted on Katalyst.

PART I of MGMT 201 SCHEDULE

Week 1 Briefly survey Chapter 1, introduction to managerial accounting; start Chapter 2, cost types and definitions Monday, January 9 Read Chapter 1 Lecture Wednesday, January 11 Lecture Thursday, January 12 or Friday, January 13 Recitation session Recitation problems due Study Problems for the week (Not collected) Read Chapter 2 R(1): 2-28 2-30 2-36 1-23 1-25 1-26

Classifying costs Analyzing fixed versus variable costs Marginal costs Naming activities in a value chain What accounting information is useful in making decisions. Determining the managerial accounting objectives of different activities (e.g., measuring costs)

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Week 2 Chapter 2, cost definitions and flow of costs, continued Monday, January 16 No Class Martin Luther King, Jr. Day Wednesday, January 18 C problems due at noon Lecture Thursday, January 19 or Friday, January 20 Recitation session Recitation problems due Study Problems for the week (Not collected) R(2): 2-37 2-43 2-45 2-24 2-38 2-50 Content of financial statements and reports Schedule for COGM, COGS, IS Cost classifications for a manufacturer Filling in the missing amount in the inventory equation Computing OH, COGM, COGS, NI Product versus period costs C(1): 2-29 2-41 2-42 Schedules for COGM, COGS, and IS Filling in missing amounts in COGM, COGS, IS Computing prime costs, overhead, CC and product costs

Week 3 Chapter 3, an introduction to costing products and services Monday, January 23 Read Chapter 3 Lecture Wednesday, January 25 C problems due at noon Lecture Thursday, January 26 or Friday, January 27 Recitation session Recitation problems due Study Problems for the week (Not collected) R(3): 3-35 3-36 3-45 3-30 3-43 3-48 Predetermined OH rates and various cost drivers Actual versus normal costing Job order costing; journal entries Schedule of COGM Overhead rates; journal entries Job order costing; focus on overhead and cost drivers C(2): 3-28 3-32 3-34 Cost relationships under normal costing Basic manufacturing cost flows Overhead rates; over- and under-applied amounts

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Week 4 Chapter 5, activity based costing methods Monday, January 30 Read Chapter 5 Lecture Wednesday, February 1 C problems due at noon Lecture Thursday, February 2 or Friday, February 3 Recitation session Recitation problems due Quiz Study Problems for the week (Not collected) R(4): 3-50 5-33 5-49 Schedules of COGS, COGM, and IS Winery; classification of activities ABC; product promotion C(3): 5-26 5-27 5-50 Volume based drivers versus ABC drivers ABC; quality control costs ABC; analysis of operations

Quiz 1 covering Chapters 1-3 3-60 5-34 Plant-wide versus departmental overhead Classification of activities

Week 5 Chapter 6, analysis and estimation of different cost behaviors Monday, February 6 Read Chapter 6 Lecture Wednesday, February 8 C problems due at noon Lecture Thursday, February 9 or Friday, February 10 Recitation session Recitation problems due Study Problems for the week (Not collected) R(5): 6-26 6-31 6-47 6-22 6-28 6-40 Visually fitting a line to data Learning curve Interpreting regression equations Graphing cost behavior patterns Visual fit method Approximating a step-variable cost, visual fit method C(4): 6-24 6-35 6-39 Classifying accounts as variable, fixed or mixed Matching costs to graphs Account classification method, private school

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Week 6 EXAM I and starting Chapter 7, Cost-Volume-Profit (CVP) model Monday, February 13 Review for Exam Lecture Wednesday, February 15 C problems due at noon Lecture Thursday, February 16 Exam Thursday, February 16 or Friday, February 17 EXAM I, covering Chapters 1-3, 5 and 6 No recitation sessions this week. C(5): 3-55 3-56 5-59

Predetermined overhead rate; different time periods; pricing Overhead application using a predetermined overhead rate ABC; production and pricing decisions

Week 7 More on Chapter 7 Monday, February 20 Lecture Wednesday, February 22 C problems due at noon Lecture Thursday, February 23 or Friday, February 24 Recitation session Recitation problems due Study Problems for the week (Not collected)

Read Chapter 7 C(6): 7-25 7-34 7-36 R(6): 7-37 7-42 7-49 7-20 7-26 7-27 7-28 7-35

Basic CVP problem Basic CVP relationships; retailer CVP relationships; indifference point

CVP analysis; impact of operating changes Break-even point; after-tax net income CVP; multiple products Question about different companies with same FC and VC Draw CVP graph and compute break-even Margin of safety; computing price to break-even (continuation of 7-26) Traditional income statement and CM income statement operating leverage factor CVP problem in sales dollars

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Week 8 Chapter 8, what costs are included in the product cost, variable versus absorption versus throughput costing Monday, February 27 Read Lecture Wednesday, February 29 C problems due at noon C(7): 8-15 8-17 8-24 Lecture Thursday, March 1 or Friday March 2 Recitation session Recitation problems due Quiz Study Problems for the week (Not collected) R(7): 8-28 8-29 8-30 Throughput, variable and absorption costing Variable-costing and absorption costing income statements Throughput costing Absorption and variable costing Difference in income under absorption and variable costing Variable versus absorption costing; JIT

Quiz 2, covering chapters 7 and 8 8-14 8-25 Absorption, variable and throughput costing Variable and absorption income statements

Week 9 Chapter 14, using the numbers to make decisions Monday, March 5 Read Chapter 14 Lecture Wednesday, March 7 C problems due at noon C(8): 14-35 14-36 14-37 14-45 Obsolete inventory Special order Continuation of proceeding problem Special order; financial and production considerations

Lecture Thursday, March 8 or Friday, March 9 Study Problems for the week (Not collected) No recitation sessions this week. 14-33 Drop a product line

March Monday, March 12 through Saturday, March 17, Spring Break

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Week 10 Chapter 14, more on decision making Monday, March 19 Review Chapter 14 Lecture Wednesday, March 21 C problems due at noon C(9): 14-40 14-41 14-47 14-54 R(8): 14-44 14-46 14-51 14-55 Process further (Grit) Decision with limited resources Closing an unprofitable department Outsourcing a component

Lecture Thursday, March 22 or Friday, March 23 Recitation session Recitation problems due Quiz Study Problems for the week (Not collected) Production decisions; limited capacity Introducing a new product Joint products; sell or process further Analysis of a special order

Quiz 3, covering chapter 14 14-49 14-57 Make or buy Production planning

Week 11 EXAM II Monday, March 26 Lecture Wednesday, March 28 C problems due at noon

Review for exam C(10): 7-50 8-27 14-48

CVP relationships; international business A bsorption and variable costing Excess production capacity

Lecture Thursday, March 29 Exam Thursday, March 29 and Friday, March 30

Review for exam Exam II, covering Chapters 7-9 and 14 No recitation sessions this week.

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Week 12 Chapter 9, budgeting Monday, April 2 Read Chapter 9 Lecture Wednesday, April 4 C problems due at noon Lecture Thursday, April 5 or Friday, April 6 Recitation session Recitation problems due Study Problems for the week (Not collected) R(9): 9-31 9-35 9-43 9-30 9-32 9-34 Professional services budget Relationships of the master-budget components Preparation of master budget Budgeted financial statements; retailer Production and direct labor budgets; activity based overhead budget Cash budgeting C(11): 9-24 9-27 9-33 Budgeted production and direct materials purchases Cash budgeting Revenue and labor budgeting for a university

Week 13 Chapter 10, variances Monday, April 9 Read Chapter 10 Lecture Wednesday, April 11 C problems due at noon C(12): 10-32 10-42 10-43 10-44 R(10): 10-34 10-36 10-37 10-50 Straightforward computation of variances Direct materials and direct labor variances Determining standard material cost Direct materials and direct labor variances

Lecture Thursday, April 12 or Friday, April 13 Cost variance investigation Reconstructing standard cost information from partial data Operational performance measures Direct labor variances

Professionalism project is due at recitation (or earlier). Study Problems for the week (Not collected) 10-7 10-8 10-9 10-10 Meaning of DM price variance Who affects DM price variance Meaning of DM quantity variance Who affects DM quantity variance

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Week 14 Chapter 11, completing variances and standard costing Monday, April 16 Read Chapter 11 Lecture Wednesday, April 18 C problems due at noon Lecture Thursday, April 19 or Friday, April 20 Recitation session Recitation problems due Study Problems for the week (Not collected) R(11): 10-45 11-30 11-41 11-26 11-29 11-45 Variance calculation; service business Reconstruct missing information from partial data Overhead calculations; variance interpretation Straight-forward computation of overhead variances Interpretation of Variable-overhead efficiency variance Preparing and using a columnar flexible budget C(13): 11-22 11-32 11-38 Straightforward computation of overhead variances Overhead variances Overhead variances

Week 15 Chapter 13, introduction to ROI, RI and transfer pricing; review for final Monday, April 23 Read Chapter 13 Lecture Wednesday, April 25 C problems due at noon C(14): 13-29 13-33 13-34 13-37 R(12): 9-45 10-46 11-49 13-42 13-46 ROI, Residual income Improving ROI General transfer pricing rule ROI and Residual Income, missing data

Lecture Thursday, April 26 or Friday, April 27 Recitation session Recitation problems due Study Problems for the week (Not collected) Comprehensive master budget Computing variances and analyzing responsibility Complete analysis of cost variances; review of chapters 10 and 11 ROI and Residual Income; investment evaluation Comprehensive transfer pricing problem

FINAL EXAM WEEK Monday, April 30 through Saturday, May 5

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Management 201 Request to take the Make-up Exam

This form needs to be submitted 1 week prior to the date of the regularly scheduled examination. Exam Midterm I Midterm II Date of Exam Thursday, Feb. 16 Thursday, March 29 Deadline for requesting a make-up exam Friday, February 10 Friday, March 23

NAME: STUDENT ID: E-mail ADDRESS: EXAM FOR WHICH REQUIRING A MAKE-UP EXAM: RECITATION SECTION NUMBER: RECITATION INSTRUCTOR:

Below please briefly explain why you need to take a make-up for the exam. Please attach any appropriate documentation.

List all times 72 hours before and 72 hours after the regular exam that one is available to take a make-up. Please list all times that one is not in class or at a job.

If one is approved to take the Make-up Exam, one will receive an e-mail to that effect.

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