What are the three roles that management accountants perform?
1-10 What are three guidelines help management accountants provide the most value to managers? 2-3 Why do managers consider direct cost to be more accurate than indirect costs? 2-10 What are three different types of inventory that manufacturing companies hold? 2-11 Distinguish between inventorable costs and period costs. 3-5 Describe three methods that can be used to calculate the breakeven point 3-10 Give example of how a manager can decrease variable costs while increasing fixed costs. 3-13 “There is no such thing as a fixed cost. All costs can be “unfixed” given sufficient time’. Do you agree? What is the implication of your answer for CVP analysis? 10-5 Name four approaches to estimating a cost function 10-8 List six steps in estimating a cost function on the basis of an analysis of a part cost relationship. Which step is typically the most difficult for the cost analyst? Exercises: 1-16 Planning and control decisions. Barnes & Noble is a book retailing company. Most of its sales a
