charter oak acc102 week 6,9 and 10 discussions

charter oak acc102 week 6,9 and 10 discussions

Question

Week 6

Contribution margin is that portion of revenue that contributes to fixed costs and (after covering the fixed costs) to operating income. All revenue except for the contribution margin is consumed by the variable costs relating to the revenue.

Try and do the demonstration problem without looking at the answers, it pretty much breaks down the whole chapter for you. Have a great week!

Week 9

This week we look at Responsibility Accounting and Transfer Pricing. We all know that an income statement is used to measure profit performance of a business, now we need to determine the performance of each center (responsibility center) within the business.

Week 10

Welcome back to Week 10 of ACC 102. This week we will focus on Chapter 23 – Operational Budgeting where you will learn how to prepare budgets/flexible budgets and supporting schedules included in a master budget. You will also examine how a company can be "profit rich, yet cash poor."