Undergrad, Fall 2014
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MGT 5: Managerial Accounting
PROFESSOR: Robert Houskeeper, CPA
EMAIL: rvhous@gmail.com
PHONE: (760) 271-1516
OFFICE HOURS: Tuesdays and Thursdays 11:30 AM to 12:15 PM
OFFICE LOCATION: Rady 2E122
OBJECTIVES
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The goals of this course are to provide the students with an understanding of (1) cost concepts and
accumulation systems, (2) cost volume profit analysis, (3) planning & control concepts, and (4) the use of
accounting information in decision-making.
MATERIALS
Required
 Weygandt, Kimmel and Kieso (2012). Managerial Accounting (6thed)
GRADING
Points [or percentage]
32%
32%
36%
100
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Assignments
Quizzes
Exam I
Exam II
Total
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ASSIGNMENTS
Reading assignments follow the course outline (by chapter). TED problems should be reviewed prior to
class.
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POINTS DISTRIBUTION
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A
AB+
B
BC+
95 - 100 Points
90 - 94
87 - 89
84 - 86
80 - 83
77 - 79
C
CD+
D
DF
74 - 76
70 - 73
67 - 69
64 - 66
60 - 63
0 - 59
ATTENDANCE
The course material necessitates each student’s proactive involvement. In addition to reading the text,
problem solving in the classroom is essential to comprehension of the subject matter.
Class Topic & Activities
Chapter 1: Introduction, managerial vs. financial
accounting, manufacturing cost terms & concepts
Oct 7
Oct 9
Oct 14
Chapter 1: Cost of goods manufactured
Chapter 2: Job order costing
Chapter 2: Job order costing continued
Oct 16
Oct 21
Oct 23
Oct 28
Oct 30
Nov 4
Chapter 3: Process costing
Chapter 3: Process costing continued
Chapter 4: Activity based costing
Chapter 4: Activity based costing continued
Chapter 5: Fixed and variable cost projections
Chapter 5: Cost volume profit analysis (single
product)
Exam 1
Nov 6
(Ex 1-11, Ex 1-12, Ex 1-14, Ex 1-16)
(Ex 2-5, Ex 2-10, Ex 2-12, P 2-4A)
(Ex 3-8, Ex 3-9, Ex 3-13, P 3-4A)
(Ex 4-1, Ex 4-3, Ex 4-4, P 4-2A)
(Ex 5-3, Ex 5-5)
(Ex 5-11, Ex 5-14, P 5-5A)
Dec 2
Chapter 11: Standard costing
(Ex 11-5, Ex 11-6 Ex 11-7, P 11-3A)
Dec 4
Chapter 11: Standard costing continued
Dec 9
Chapter 12: Capital investments
Dec 11
Dec 18
(8 AM)
Chapter 12: Capital investments continued
FINAL EXAM
(Ex 8-11, Ex 8-12)
(Ex 9-14, P 9-4A)
(Ex 10-10, P 10-3A)
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(Ex 6-3, Ex 6-5, Ex 6-6, P 6-1B)
Nov 18
Nov 20
Nov 25
Chapter 6: Cost volume profit analysis (multiple
products)
Chapter 8: Transfer pricing
Chapter 9: Cash budgets
Chapter 10: Flexible budgets
(Ex 12-3, Ex 12-4, Ex 12-8, P 12-4A, P
12-5A)
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Nov 13
Assignments
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Date
Oct 2
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SCHEDULE
LEARNING OUTCOMES
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Chapter 1:
Chapter 2:
Explain the differences between managerial and financial accounting.
Define the objectives of managerial accounting in a business environment.
Define the three classes of manufacturing costs.
Differentiate between product vs. period cost and direct vs. indirect cost.
Prepare a schedule of cost of goods manufactured and cost of goods sold.
Construct cost accumulation systems under job order costing. Compute the
predetermined overhead rate, overhead applied and overapplied vs. underapplied
overhead. Allocate variances to WIP, FG and COGS.
Calculate Process Costing equivalent units and cost per equivalent unit. Allocate
costs between ending inventory and COGS using the weighted average method.
Chapter 4:
Explain why traditional volume based costing systems tend to distort product costs.
Compute overhead application using multiple drivers vs. single volume based drivers.
Chapter 5:
Differentiate between fixed and variable costs.
Explain the difference between step-variable and step-fixed costs. Project estimated
costs using the High/Low Method.
Chapter 6:
Compute sales units and sales revenue at break-even point. Calculate sales units and
sales revenue required to achieve targeted after-tax profits for single and multiple
product operations.
Chapter 8:
Calculate the optimal transfer price among related parties.
Chapter 9:
Prepare a cash budget for a merchandising entity
Chapter 10:
Prepare a flexible budget. Calculate the sales volume and sales price variances.
Chapter 11:
Calculate labor and material cost under a standard costing system. Calculate direct
labor and direct material price and efficiency variances.
Chapter 12:
Determine after-tax cash flows over multiple accounting periods associated with capital
investments. Calculate IRR and NPV for capital expenditure decisions.
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Chapter 3:
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Please note that the learning outcomes are not intended to be all inclusive. Topics may be added or
deleted at the discretion of the instructor.
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ACADEMIC INTEGRITY
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Integrity of scholarship is essential for an academic community. As members of the Rady School, we
pledge ourselves to uphold the highest ethical standards. The University expects that both faculty and
students will honor this principle and in so doing protect the validity of University intellectual work. For
students, this means that all academic work will be done by the individual to whom it is assigned, without
unauthorized aid of any kind.
The complete UCSD Policy on Integrity of Scholarship can be viewed at:
http://senate.ucsd.edu/manual/Appendices/Appendix2.pdf
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How the Honor Code applies to this course:
The University trusts each student to maintain high standards of honesty and ethical behavior. All
assignments submitted in fulfillment of course requirements must be the student’s own work.
STUDENTS WITH DISABILITIES
A student who has a disability or special need and requires an accommodation in order to have equal
access to the classroom must register with the Office for Students with Disabilities (OSD). The OSD will
determine what accommodations may be made and provide the necessary documentation to present to
the faculty member.
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The student must present the OSD letter of certification and OSD accommodation recommendation to the
appropriate faculty member in order to initiate the request for accommodation in classes, examinations, or
other academic program activities. No accommodations can be implemented retroactively.
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Please visit the OSD website for further information or contact the Office for Students with Disabilities at
(858) 534-4382 or osd@ucsd.edu.