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Cue Sticks And Salsa: A Study Of Variances, Neal R. Vanzante
Cue Sticks And Salsa: A Study Of Variances, Neal R. Vanzante
Mountain Plains Journal of Business and Technology
Many accounting students have difficulty with variance analysis. At least part of this difficulty may be caused by the typical presentation of variances in cost/managerial accounting textbooks. Some textbook coverage is disjointed, with brief coverage of flexible budget variances just prior to discussion of manufacturing costs variances. Then, in a much later chapter, sales-variance analysis is covered with little or no reference to the earlier coverage of flexible budget variances. Discussion of input mix and yield variances may be presented in appendices, if covered at all. In addition to disjointed presentations, textbook coverage of variances is often heavily formula driven …
Instructional Case: A Manufacturing Project, David Satava
Instructional Case: A Manufacturing Project, David Satava
Mountain Plains Journal of Business and Technology
Colleges and universities frequently require business majors to take managerial accounting. Since many non-accounting majors find accounting boring this may be one of the reasons why they may have a difficult time learning the fundamental concepts of the course. This paper describes a project I employ when teaching managerial accounting to make cost accounting interesting and relevant. One of the reasons students may have a difficult time learning managerial accounting is that traditional accounting assignments generally provide students with all of the numbers. Thus, there is very little involvement or attachment to the numbers. This project was designed to get …