TAILIEUCHUNG - Ebook Managerial accounting for managers (2nd edition): Part 2

(BQ) Part 2 book "Managerial accounting for managers" has contents: Standard costs and operating performance measures, segment reporting, decentralization, and the balanced scorecard, relevant costs for decision making, capital budgeting decisions. | Confirming Pages Chapter 8 Learning Objectives Lilo & Stitch on Budget BU SIN E S S F O CU S Profit Planning After studying Chapter 8, you should be able to: The full-length feature cartoon Tarzan grossed about $450 million worldwide for the Walt Disney Company. However, production costs got out of control. The company traditionally manages film production by focusing on meeting the planned release date—paying little attention to costs. In the case of Tarzan, production fell behind schedule due to the tendency of animation teams to add more eye-dazzling complexity to each production. At one point, it was estimated that 190,000 individual drawings would be needed to complete the film in contrast to the 130,000 drawings needed to complete The Lion King. To meet Tarzan’s release date, workers were pulled off other productions and were often paid at overtime rates. The size of the film crew eventually reached 573, which was nearly twice the size of the crew that had made The Lion King. With animators earning salaries in the hundreds of thousands of dollars, the cost implications were staggering. Thomas S. Schumacher, Disney’s feature-animation chief, was charged with dramatically reducing the cost of future films while making sure that the audience wouldn’t notice any decline in quality. Lilo & Stitch was the first film to be produced with this goal in mind. The process began by prioritizing where the money was to be spent. The budget for music was kept generous; animation costs were cut by controlling the small details that add big costs with little effect on the quality of the film. For example, animators wanted to draw cute designs on the shirts worn by Nani, Lilo’s big sister. However, adding this level of detail on every frame in which Nani appears in the film would have added about $250,000 in cost. By controlling such details, Lilo & Stitch was finished on time and at a cost of about $80 million. This contrasted with a cost of more

• Kế toán - Kiểm toán
• Managerial accounting
• Standard costs
• Operating performance measures
• Segment reporting
• The balanced scorecard
• Relevant costs for decision making
• Capital budgeting decisions
• Managerial accounting for managers
• Lecture Managerial accounting
• Profitability analysis
• Decision making
• Operations management majors
• Nonmanufacturing costs
• Classifications of costs
• Kế toán quản trị
• Managerial accounting information
• General cost classifi cations
• Product costs
• Process costing
• Standard costing systems
• Accounting information
• Managerial decision
• Process management
• Financial statement
• Cost concepts
• Managerial accounting basics
• Managerial cost
• Period costs
• Lecture Financial and managerial accounting
• Financial statements
• Managerial decisions
• Financial accounting
• Dynamic business environment
• Reporting manufacturing activities
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Relevant costing
• Accounting activities
• Business activities
• Income statement
• Accounting cycle
• Accounting for merchandising operations
• Merchandising operations
• Time value of money
• Income taxes
• After tax cost