Managerial Accounting Equations

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Author:
emilyadonaldson
ID:
107826
Filename:
Managerial Accounting Equations
Updated:
2011-10-24 16:48:36
Tags:
accounting equations ratios managerial
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Managerial Accounting Equations
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  1. negative NPV
    project is unacceptable
  2. positive NPV
    project is acceptable
  3. profitability index =
    PV of future cash flows / initial investment
  4. net cash flow =
    net income + depreciation
  5. net present value =
    PV of future cash flow -- original investment
  6. payback period =
    initial investment / annual cash flow
  7. accounting rate of return =
    net income / investment
  8. direct materials used =
    beginning raw materials + raw material purchases -- indirect materials issued -- ending raw materials
  9. total current manufacturing costs =
    direct materials used + direct labor + manufacturing overhead
  10. ending work in process (WIP) =
    total current manufacturing costs + beginning WIP -- cost of goods manufactured
  11. cost of goods manufactured =
    total current manufacturing costs + beginning WIP - ending WIP
  12. cost of goods sold =
    cost of goods manufactured + beginning finished goods -- ending finished goods
  13. beginning raw materials =
    direct materials used + ending raw materials + indirect materials issued -- raw materials purchases
  14. direct labor =
    total current manufacturing costs - manufacturing overhead - direct materials used
  15. beginning finished goods =
    cost of goods sold + ending finished goods -- cost of goods manufactured
  16. ending raw materials =
    beginning raw materials + raw material purchases - indirect materials issued -- direct materials used
  17. beginning WIP =
    cost of goods manufactured + ending WIP -- total current manufacturing costs
  18. ending finished goods =
    cost of goods manufactured + beginning finished goods -- cost of goods sold
  19. raw material purchases =
    direct materials used + ending raw materials + indirect materials issued -- beginning raw materials

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