CFOs are top-level executives found in small and large companies, with varying responsibilities based on the size of the staff and budget, as well as the nature of the organization’s programs, products and services. Similar roles and job titles include treasurer, director of finance and vice president of finance.
This exercise book is the third of four exercise books that correspond directly with the Managerial and Cost Accounting textbook. The exercises relate specifically to Part 3 of the Managerial and Cost Accounting textbook. Exercises focus on job costing and modern cost management systems. Exercises cover basic job costing concepts, tracking direct labor, direct materials, and overhead. Exercises also deal with accounting for actual and applied overhead.
Variable cost per unit is the additional cost of producing a single unit. Volume is the number of units produced. Fixed cost is the total fixed cost for the period. Net income is just the difference between total sales and total cost:
Sources within the company, . the accounting records of the company