Chapter 18

Cost Accountign for a Merchandising Business

ESSENTIAL QUESTIONS

How are journal entries made for direct and indirect expenses? How is a worksheet prepared for a departmentalized merchandising business? How is a departmental margin statement prepared? How is an income statement with a departmental margin prepared?

TERMS FOR CHAPTER 18

-responsibility accounting -direct expense -indirect expense

-departmental margin -departmental margin statement -responsibility statements

ASSIGNMENTS

Define Terms for the Chapter Responsibility Accounting for a Merchandising Business Read pp. 504-511 1) View PowerPoint presentation intro and 18-1 2) Complete Application Problems 18-1 & 18-2 pp. 518-519 3) Work on Study Guide 18 Time 2 days Responsibility Statements for a Merchandising Business Read pp. 512-517 1) View PowerPoint presentation 18-2 2) Complete Application Problems 18-3 & 18-4 p. 519 3) Complete Study Guide 18 Time 2 days

Complete Mastery Problem 18-5 pp. 519-520 Time 2 days Additional Chapter exercises Accounting in Your Career p. 503 Applied Communication p. 521 Use one of the memo templates in Word Time 3 days All Chapter 18 assignments must be handed in by May 13th. No Exceptions. Challenge Problem 18-6 p. 520 may be completed for extra credit