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CHAPTER 18 MANAGERIAL ACCOUNTING CONCEPTS AND PRINCIPLES EYE OPENERS 1. Fina Financ ncia iall acco accoun unti ting ng and and mana manage geri rial al accoun accountin ting g are differ different ent in several several ways. ways. Financial accounting information is reported in statements that are useful to persons or  grou groups ps outs outsiide of a comp compan any y. Thes These e statements objectively report the results of  past past operat operation ions s at fixed fixed period periods s and the financi financial al condit condition ion of the busine business ss under  under  generally generally accepted accepted accounting accounting principles principles.. Manage Manageria riall accoun accountin ting g informa informatio tion n uses uses both subjective subjective and objective information to meet the speci specific fic needs needs of manage managemen ment. t. The information can be reported periodically or as needed by management and can be reported for the entire entity or for segments of the organization. 2. a.  A line department is directly involved in the basic objectives of the organization, while hile a staf stafff depa depart rtme ment nt prov provid ides es service service,, assis assistan tance, ce, or advice advice to line line departments or other staff departments. b. !" !" #ale #ales s $epa $epart rtme ment nt %" %" &ers &erson onne nell $epa $epart rtme ment nt 3. a. The role of the controller is to provide financ financial ial and and acco accoun unti ting ng advic advice e and and assistance to management. b. The controller has a staff responsibility. 4. The five basic phases of the management process are planning, directing, controlling, improving, and decision ma'ing. &lanning is the the proc proces ess s of esta establ blis ishi hing ng fina financ ncia iall expectations for the future through the use of plan planni ning ng docu docume ment nts. s. $ire $irect ctin ing g is the the process of assigning responsibility and using data data to guide guide the operatio operations ns of the firm. (ontrolling is using information as feedbac' to correc correctt opera operatio tions. ns. )mprovin )mproving g is using using dat data to monit nitor and guid uide process improvement. $ecision ma'ing is involved with all of the previous four processes of  management. 5. The strategic plan is used to guide the use of busi busine ness ss reso resour urce ces s over over long long*r *ran ange ge horizons. 6. The pro process of runnin ning day*to*day operations, given assigned responsibilities, is directing. 7. (ontrolling 8. Manag anagem emen entt by exce except ptiion invol nvolve ves s monitoring results of implemented plans and comparing the expected results with actual results. The feedbac' allows management to isolat isolate e signifi significan cantt variance variances s for furthe further  r  investigation and possible remedial action. 9. (ost 10. Memory chips would be considered a direct materials cost and, hence, would be a direct cost associated with each microcomputer. 11. $irect materials cost, direct labor cost, and factory overhead cost 12. $irect materials cost 13. )f the cost of wages paid to employees is not a significant portion of the total product cost, the wages cost would be classified as part of factory overhead cost. 14. &rime costs are the combination of direct mate materi rial als s and and dire direct ct labo laborr cost costs, s, whil while e convers conversion ion costs costs are the combin combinati ation on of  dire direct ct labo laborr cost costs s and and fact factor ory y overh overhea ead d costs. 15. &rod &roduc uctt cost costs s are are comp compos osed ed of thre three e elemen elements ts of manufac manufactur turing ing costs+ costs+ direct direct materials cost, direct labor cost, and factory overhead cost. These costs are treated as asset assets s until until the produc productt is sold. sold. &roduc &roductt costs are are sometimes refe eferred to as inventoriable costs. &eriod costs are costs that are used in generating revenue during the current period. They are recognized as expens expenses es on the curren currentt period periods s income income statement. 16. The thre hree inven nvento torry accounts for a manufacturing business are as follows+ a. Finished goods, representing goods in the state in which they are to be sold. b. -or' in process, representing goods in the process of manufacture. 1 17. 18. 19. 20. . Materi Materials als,, repres represent enting ing goods goods in the state in which they were acuired. Fini Finish shed ed good goods, s, wor' or' in proc proces ess, s, and and materials The cost of finished goods and the cost of  wor' in process included the following+ a. $irect materials/the costs of materials that that ente enterr dire direct ctly ly into into the the finis finishe hed d product. b. $ire $irect ct labo labor/ r/th the e wages ages of facto factory ry wor'e wor'ers rs who who convert convert materi materials als into into a finished product. . Factory overhead/the remaining costs, other other than than direct direct materi materials als and direct direct labor, of operating a factory. (ost of goods sold The The cost ost of dir direct ect mate materrial ials used used in production is 0%12,222. 032,222 beginning materials inventory" 4 0%52,222 materials purcha purchases ses"" 6 072,22 072,222 2 endin ending g materi materials als inventory". 21.  A merchandising business purchases merchandise products" in a finished state for resale to customers. The cost of product sold sold is called cost of merchandise sold . A manufac manufactur turer er ma'es ma'es the produc productt it sells sells using using direct direct materi materials als,, direct direct labor labor,, and factory factory overhea overhead. d. The The cost cost of the produc productt sold is generally called cost of goods sold . 22. a.  An automobile manufacturer might use managerial reports to evaluate how effi* ciently raw materials, such as steel, and direct labor, such as assembly line em* ployee wages, are used in the manufac* turing process. b. 8ther reports reports might help management management determine the appropriate cost of the fi* nal product or help determine if a new automated paint robot is a good invest* ment. 17. 18. 19. 20. . Materi Materials als,, repres represent enting ing goods goods in the state in which they were acuired. Fini Finish shed ed good goods, s, wor' or' in proc proces ess, s, and and materials The cost of finished goods and the cost of  wor' in process included the following+ a. $irect materials/the costs of materials that that ente enterr dire direct ctly ly into into the the finis finishe hed d product. b. $ire $irect ct labo labor/ r/th the e wages ages of facto factory ry wor'e wor'ers rs who who convert convert materi materials als into into a finished product. . Factory overhead/the remaining costs, other other than than direct direct materi materials als and direct direct labor, of operating a factory. (ost of goods sold The The cost ost of dir direct ect mate materrial ials used used in production is 0%12,222. 032,222 beginning materials inventory" 4 0%52,222 materials purcha purchases ses"" 6 072,22 072,222 2 endin ending g materi materials als inventory". 21.  A merchandising business purchases merchandise products" in a finished state for resale to customers. The cost of product sold sold is called cost of merchandise sold . A manufac manufactur turer er ma'es ma'es the produc productt it sells sells using using direct direct materi materials als,, direct direct labor labor,, and factory factory overhea overhead. d. The The cost cost of the produc productt sold is generally called cost of goods sold . 22. a.  An automobile manufacturer might use managerial reports to evaluate how effi* ciently raw materials, such as steel, and direct labor, such as assembly line em* ployee wages, are used in the manufac* turing process. b. 8ther reports reports might help management management determine the appropriate cost of the fi* nal product or help determine if a new automated paint robot is a good invest* ment. PRACTICE E!ERCISES PE 18"1A P#a$$%$& '( D)%*%+$ ,a-%$& 'b( C+$/+##%$& 'a( PE 18"1 D%/)%$& 'a( C+$/+##%$& 'b( P#a$$%$& '( PE 18"2A a. O b. O . DL . DM PE 18"2 a. DL b. O . DM . O PE 18"3A a. C b.  . P . C PE 18"3 a. C b. C . P .  PE 18"4A a. P)/%+ +* b. P)/%+ +* . P/+ +* . P/+ +* PE 18"4 a. P/+ +* b. P)/%+ +* . P)/%+ +* . P/+ +* PE 18"5A a. +/- %$ /+)** %$)$+/ )b/a/ 1...................... C+* +: %/) ,a)/%a#* *) %$ /+%+$............. D%/) #ab+/................................................................... a+/ +)/;)a......................................................... T+a# ,a$:a/%$& +** %$//) /%$& )b/a/..................................................................... T+a# ,a$:a/%$& +**.......................................... L)** <+/- %$ /+)** %$)$+/ )b/a/ 28........... C+* +: &++* ,a$:a/)...................................... 25000  9000 27000 18000 54000 79000 26000 53000 b. %$%*;) &++* %$)$+/ )b/a/ 1....................... C+* +: &++* ,a$:a/)...................................... C+* +: :%$%*;) &++* aa%#ab#) :+/ *a#).................. L)** :%$%*;) &++* %$)$+/ )b/a/ 28............. C+* +: &++* *+#...................................................... 11000 53000 64000 13000 51000 PE 18"5 a. +/- %$ /+)** %$)$+/ A&* 1.......................... C+* +: %/) ,a)/%a#* *) %$ /+%+$.............. D%/) #ab+/.................................................................... a+/ +)/;)a.......................................................... T+a# ,a$:a/%$& +** %$//) /%$& A&* T+a# ,a$:a/%$& +**........................................... L)** <+/- %$ /+)** %$)$+/ A&* 31............... C+* +: &++* ,a$:a/)......................................  20000  60000 90000 44000 194000 214000 16000 198000 b. %$%*;) &++* %$)$+/ A&* 1.......................... C+* +: &++* ,a$:a/)...................................... C+* +: :%$%*;) &++* aa%#ab#) :+/ *a#).................. L)** :%$%*;) &++* %$)$+/ A&* 31................ C+* +: &++* *+#......................................................  36000 198000 234000 20000 214000 E!ERCISES E=. 18"1 a. b. . . D%/) ,a)/%a#* +* D%/) ,a)/%a#* +* a+/ +)/;)a +* a+/ +)/;)a +* ). :. &. ;. a+/ +)/;)a +* D%/) ,a)/%a#* +* D%/) #ab+/ +* D%/) ,a)/%a#* +* :. &. ;. %.  >. a+/ +)/;)a +* a+/ +)/;)a +* D%/) ,a)/%a#* +* D%/) ,a)/%a#* +* D%/) #ab+/ +*  >. -. #. ,. $. +. . ?. P/+ +* P/+ +* P)/%+ +* P)/%+ +* P/+ +* P/+ +* P/+ +* P/+ +* E=. 18"2 a. b. . . ). D%/) #ab+/ +* a+/ +)/;)a +* a+/ +)/;)a +* D%/) ,a)/%a#* +* a+/ +)/;)a +* E=. 18"3 a b ; % > E=. 18"4 a. b. . . ). :. &. ;. %. P)/%+ +* P/+ +* P)/%+ +* P/+ +* P/+ +* P)/%+ +* P)/%+ +* P)/%+ +* P)/%+ +* E=. 18"5 a. +** ). <+/- %$ /+)** %$)$+/ b. )/)a*)* :. +$)/*%+$ . %,/+) . +* +b>) &. )/%+ E=. 18"6 a. +)/a%+$a# ). ,a)/%a#* %$)$+/ b. %$%/) :. /%,) . %,/+%$& . /+ &. #a$ )/)%a%+$ E=. 18"7 a. %$%/) &. %/) b. %/) ;. %/) . %$%/) . %$%/) %.  >. %$%/) %$%/) ). :. -. #. %/) %$%/) %$%/) %$%/) E=. 18"8 1. T;) ,a%$)$a$) *a#a/%)* a$ %$%/) ,a)/%a#* *;+# b) %$#) a* :a+/ +)/;)a. 2. T;) :a+/ +)/;)a %$+//)# %$#)* ;) :+##+<%$& %),*@ *a#)* *a#a/%)* /+,+%+$a# )=)$*)* +/+/a) +::%) %$*/a$) a$ +/+/a) +::%) )/)%a%+$. T;)*) %),* *;+# $+ b) %$#) a* :a+/ +)/;)a. T;) +//)) /)+/ %* a* :+##+<*@ SECOND HAND INC. Ma$:a/%$& C+** +/ ;) a/)/ E$) Ma/; 31 2010 C+* +: %/) ,a)/%a#* *) %$ /+%+$............. D%/) #ab+/................................................................... a+/ +)/;)a@ Ma%$)$a$) *a#a/%)*............................................... I$%/) ,a)/%a#*...................................................... S)/%*+/ *a#a/%)*................................................... H)a #%&; a$ +<)/.............................................. I$*/a$) a$ /+)/ a=)*B#a$..................... D)/)%a%+$B#a$ a$ )?%,)$....................... T+a#...............................................................................   75000 50000 460000 125000 135000 110000 490000 425000 955000  1870000 E=. 18"9 a. LAE MANUACTURING COMPANY I$+,) Sa),)$ +/ ;) M+$; E$) Ma/; 31 20B R))$)*....................................................................... C+* +: &++* *+#....................................................... G/+** /+:%................................................................... O)/a%$& )=)$*)*@ S)##%$& )=)$*)*...................................................... A,%$%*/a%) )=)$*)*......................................... T+a# +)/a%$& )=)$*)*.................................... N) %$+,)..................................................................... 250000 110000 140000  64000 28000 92000  48000 b. I$)$+/ ba#a$)* +$ Ma/; 31 20B@ Ma)/%a#* '52000 " 40000(............................................................ +/- %$ P/+)** '40000  60000  84000 " 140000(........... %$%*;) G++* '140000 " 110000(............................................. 12000 44000 30000 E=. 18"10 LASON COMPANY a#a$) S;)) D)),b)/ 31 2010 C//)$ a**)*@ Ca*;............................................................................... A+$* /))%ab#).................................................... I$)$+/%)*@ %$%*;) &++*......................................................... +/- %$ /+)**........................................................ Ma)/%a#*.................................................................... S#%)*......................................................................... P/)a% %$*/a$)........................................................ T+a# //)$ a**)*..................................................  28000 26000  10000 40000 22000 72000 18000 10000 154000 E=. 18"11 Ma)/%a#* %$)$+/ O+b)/ 1 2010................................................... A ,a)/%a#* /;a*) /%$& O+b)/.......................................... C+* +: ,a)/%a#* aa%#ab#) :+/ *)..................................................... L)** ,a)/%a#* %$)$+/ O+b)/ 31 2010....................................... C+* +: %/) ,a)/%a#* *) %$ /+%+$...............................  50000 160000 210000 42000 168000 E=. 18"12 a. 16000 '2000  14000( b. 13000 '16000 " 3000( . 128000 '140000 " 12000( . 110000 '140000 " 30000( ). 6000 '76000 " 70000( :. 14000 '76000 " 62000( E=. 18"13 +/- %$ /+)** %$)$+/ a$a/ 1 2010..................... A ,a$:a/%$& +** %$//) /%$& a$a/@ C+* +: %/) ,a)/%a#* *) %$ /+%+$........... D%/) #ab+/................................................................. a+/ +)/;)a....................................................... T+a# ,a$:a/%$& +** %$//)......................... T+a# ,a$:a/%$& +**.................................................. L)** <+/- %$ /+)** %$)$+/ a$a/ 31 2010.......... C+* +: &++* ,a$:a/)............................................. E=. 18"14 a. 360000 '300000  60000( b. 290000 '360000 " 70000( . 170000 '190000 " 20000( . 160000 '190000 " 30000( ). 40000 '300000 " 260000( :. 25000 '300000 " 275000(  60000 132000 158000 72000 362000 422000 80000 342000 E=. 18"15 a. . MILLS MANUACTURING COMPANY Sa),)$ +: C+* +: G++* Ma$:a/) +/ ;) M+$; E$) A/%# 30 2010 +/- %$ /+)** %$)$+/ A/%# 1 2010............. D%/) ,a)/%a#*@ Ma)/%a#* %$)$+/ A/%# 1 2010.................. 175000 P/;a*)*........................................................ 336000 C+* +: ,a)/%a#* aa%#ab#) :+/ *)............... 511000 L)** ,a)/%a#* %$)$+/ A/%# 30 2010...... 154000 C+* +: %/) ,a)/%a#* *) %$ /+%+$ D%/) #ab+/............................................................. a+/ +)/;)a@ I$%/) #ab+/...................................................  33600 Ma;%$)/ )/)%a%+$.................................. 20000 H)a #%&; a$ +<)/.................................... 7000 S#%)*........................................................... 5600 P/+)/ a=)*................................................. 4900 M%*)##a$)+* +*......................................... 9100 T+a# :a+/ +)/;)a................................ T+a# ,a$:a/%$& +** %$//) /%$& A/%#.................................................................. T+a# ,a$:a/%$& +**.................................... L)** <+/- %$ /+)** %$)$+/ A/%# 30 2010.. C+* +: &++* ,a$:a/)................................ 119000 357000 315000 80200 752200 871200 133000 738200 b. %$%*;) &++* %$)$+/ A/%# 1 2010............................................. C+* +: &++* ,a$:a/)............................................................... C+* +: :%$%*;) &++* aa%#ab#) :+/ *a#)........................................... L)** :%$%*;) &++* %$)$+/ A/%# 30 2010................................... C+* +: &++* *+#...............................................................................  91000 738200 829200 105000 724200 E=. 18"16 a. %$%*;) &++* %$)$+/ Ma/; 1 2010.................................... C+* +: &++* ,a$:a/)........................................................ C+* +: :%$%*;) &++* aa%#ab#) :+/ *a#).................................... L)** :%$%*;) &++* %$)$+/ Ma/; 31 2010.......................... C+* +: &++* *+#.........................................................................  54000 240000 294000 50000 244000 b. Sa#)*................................................................................................ C+* +: &++* *+#......................................................................... G/+** /+:%..................................................................................... 486000 244000 242000 . 242000 G/+** /+:%................................................................... O)/a%$& )=)$*)*@ S)##%$& )=)$*)*...................................................... A,%$%*/a%) )=)$*)*......................................... T+a# +)/a%$& )=)$*)*.................................... N) %$+,)....................................................................  76500 40500 117000 125000 E=. 18"17 a. Sa#)*.............................................................................. L)** &/+** /+:%.......................................................... C+* +: &++* *+#...................................................... 360000 210000 150000 b. C+* +: &++* ,a$:a/)...................................... L)** +* +: &++* *+#.............................................. %$%*;) &++* %$)$+/........................................... 180000 150000  30000 . P/;a*) ,a)/%a#*.................................................... L)** ,a)/%a#* %$)$+/............................................. D%/) ,a)/%a#* +*.................................................... 111000 15000  96000 . T+a# ,a$:a/%$& +**.......................................... L)**@ D%/) ,a)/%a#*................................................. a+/ +)/;)a +** '%$%/) #ab+/  a$ :a+/ )/)%a%+$(............................ D%/) #ab+/ +*........................................................... 207000 ). T+a# ,a$:a/%$& +**.......................................... L)** +* +: &++* ,a$:a/)............................. +/- %$ /+)** %$)$+/.......................................... 96000 90000 186000  21000 207000 180000  27000 PROLEMS P/+b. 18"1A C+* a. b. . . ). :. &. ;. %.  >. -. #. ,. $. +. . ?. /. *. . . . <. =. . . D%/) Ma)/%a#* C+* P/+ C+** D%/) Lab+/ C+* P)/%+ C+** a+/ O)/;)a C+* S)##%$& A,%$%*/a%) E=)$*) E=)$*) ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! P/+b. 18"2A C+* a. b. . . ). :. &. ;. %.  >. -. #. ,. $. +. . ?. /. *. . . . <. =. D%/) Ma)/%a#* C+* P/+ C+** D%/) Lab+/ C+* P)/%+ C+** a+/ O)/;)a C+* S)##%$& A,%$%*/a%) E=)$*) E=)$*) ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! P/+b. 18"3A 1. T;) ,+* #+&%a# ):%$%%+$ :+/ ;) :%$a# +* +b>) <+# b) a &)*. G)** +$*,) *)/%)* *; a* a ,)a# a $%&;F* *a %$ a ;+)# /++, /++, *)/%) a )#);+$) a## ). 2. C+* a. b. . . ). :. &. ;. %.  >. -. #. ,. $. +. . ?. /. *. . . . <. D%/) I$%/) ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! P/+b. 18"4A 1. G/a$ C+,a$ a. 67000 '78000  198000 " 209000( b. 594000 '209000  294000  91000( . 618000 '594000  150000 " 126000( . 612000 '132000  618000 " 138000( ). 538000 '1150000 " 612000( :. 388000 '538000 " 150000( MC#)##a$ C+,a$ a. 217000 '102000  230000 " 115000( b. 329000 '660000 " 217000 " 114000( . 252000 '906000 " 654000( . 108000 '654000  114000 " 660000( ). 360000 '1020000 " 660000( :. 134000 '360000 " 226000( 2. MCLELLAN COMPANY Sa),)$ +: C+* +: G++* Ma$:a/) +/ ;) M+$; E$) D)),b)/ 31 2010 +/- %$ /+)** %$)$+/ D)),b)/ 1 2010........................................ D%/) ,a)/%a#*@ Ma)/%a#* %$)$+/ D)),b)/ 1 2010..... P/;a*)*.................................................... C+* +: ,a)/%a#* aa%#ab#) :+/ *)........... L)** ,a)/%a#* %$)$+/ D)),b)/ 31 2010................................. C+* +: %/) ,a)/%a#* *) %$ /+%+$........................................ D%/) #ab+/...................................................... a+/ +)/;)a............................................ T+a# ,a$:a/%$& +** %$//) /%$& D)),b)/..................................................... T+a# ,a$:a/%$& +**............................. L)** <+/- %$ /+)** %$)$+/ D)),b)/ 31 2010...................................... C+* +: &++* ,a$:a/)........................ 246000 102000 230000 332000 115000 217000 329000 114000 660000 906000 252000 654000 P/+b. 18"4A C+$#) 3. MCLELLAN COMPANY I$+,) Sa),)$ +/ ;) M+$; E$) D)),b)/ 31 2010 Sa#)*.............................................................................. C+* +: &++* *+#@ %$%*;) &++* %$)$+/ D)),b)/ 1 2010....... C+* +: &++* ,a$:a/).................................. C+* +: :%$%*;) &++* aa%#ab#) :+/ *a#).............. L)** :%$%*;) &++* %$)$+/ D)),b)/ 31 2010............................................... C+* +: &++* *+#............................................... G/+** /+:%................................................................... O)/a%$& )=)$*)*..................................................... N) %$+,).................................................................... 1020000 114000 654000 768000 108000 660000  360000 134000  226000 P/+b. 18"5A 1. DEUTSCH CORPORATION Sa),)$ +: C+* +: G++* Ma$:a/) +/ ;) Y)a/ E$) D)),b)/ 31 2010 +/- %$ /+)** %$)$+/ a$a/ 1 2010....... D%/) ,a)/%a#*@ Ma)/%a#* %$)$+/ a$a/ 1 2010.............. P/;a*)*.......................................................... C+* +: ,a)/%a#* aa%#ab#) :+/ *)................. L)** ,a)/%a#* %$)$+/ D)),b)/ 31 2010....................................... C+* +: %/) ,a)/%a#* *) %$ /+%+$................................................. D%/) #ab+/............................................................. a+/ +)/;)a@ I$%/) #ab+/..................................................... D)/)%a%+$ )=)$*)B:a+/ )?%,)$... H)a #%&; a$ +<)/B:a+/...................... P/+)/ a=)*B:a+/................................... R)$ )=)$*)B:a+/.................................... S#%)*B:a+/............................................. M%*)##a$)+* +*B:a+/........................... T+a# :a+/ +)/;)a................................. T+a# ,a$:a/%$& +** %$//) /%$& ;) )a/.............................................................. T+a# ,a$:a/%$& +**.................................... L)** <+/- %$ /+)** %$)$+/ D)),b)/ 31 2010........................................... C+* +: &++* ,a$:a/)................................  405000 225000 423000 648000 280000 368000 430000  50400 36000 14400 11700 19800 9900 6120 148320 946320 1351320 380000  971320 P/+b. 18"5A C+$#) 2. DEUTSCH CORPORATION I$+,) Sa),)$ +/ ;) Y)a/ E$) D)),b)/ 31 2010 Sa#)*........................................................................ C+* +: &++ *+#@ %$%*;) &++* %$)$+/ a$a/ 1 2010. C+* +: &++* ,a$:a/)........................ C+* +: :%$%*;) &++* aa%#ab#) :+/ *a#).... L)** :%$%*;) &++* %$)$+/ D)),b)/ 31 2010...................................... C+* +: &++* *+#..................................... 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MCa%$ C+,a$ a. 17000 '150000  35000 " 168000( b. 451000 '168000  205000  78000( . 423000 '451000  63000 " 91000( . 437000 '118000  423000 " 104000( ). 158000 '595000 " 437000( :. 96000 '158000 " 62000( ::) C+,a$ a. 134000 '158000  21000 " 45000( b. 158000 '350000 " 59000 " 133000( . 43000 '396000 " 353000( . 59000 '353000  62000 " 356000( ). 92000 '448000 " 356000( :. 54000 '92000 " 38000( 2. MCAIN COMPANY Sa),)$ +: C+* +: G++* Ma$:a/) +/ ;) M+$; E$) D)),b)/ 31 2010 +/- %$ /+)** %$)$+/ D)),b)/ 1 2010........................................ D%/) ,a)/%a#*@ Ma)/%a#* %$)$+/ D)),b)/ 1 2010..... P/;a*)*.................................................... C+* +: ,a)/%a#* aa%#ab#) :+/ *)........... L)** ,a)/%a#* %$)$+/ D)),b)/ 31 2010................................. 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L)** :%$%*;) &++* %$)$+/ D)),b)/ 31 2010............................................... C+* +: &++* *+#............................................... G/+** /+:%................................................................... O)/a%$& )=)$*)*..................................................... N) %$+,).................................................................... 595000 118000 423000 541000 104000 437000 158000 62000  96000 P/+b. 18"5 1. ROSETTA COMPANY Sa),)$ +: C+* +: G++* Ma$:a/) +/ ;) Y)a/ E$) D)),b)/ 31 2010 +/- %$ /+)** %$)$+/ a$a/ 1 2010....... D%/) ,a)/%a#*@ Ma)/%a#* %$)$+/ a$a/ 1 2010.............. P/;a*)*.......................................................... C+* +: ,a)/%a#* aa%#ab#) :+/ *)................. L)** ,a)/%a#* %$)$+/ D)),b)/ 31 2010....................................... C+* +: %/) ,a)/%a#* *) %$ /+%+$................................................. 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C+* +: &++* ,a$:a/)................................  84000  59500 95000 154500 73500  81000 143500  18200 11200 4500 3150 5250 2500 3400 48200 272700 356700 73500 283200 P/+b. 18"5 C+$#) 2. ROSETTA COMPANY I$+,) Sa),)$ +/ ;) Y)a/ E$) D)),b)/ 31 2010 Sa#)*........................................................................ C+* +: &++ *+#@ %$%*;) &++* %$)$+/ a$a/ 1 2010. C+* +: &++* ,a$:a/)........................ C+* +: :%$%*;) &++* aa%#ab#) :+/ *a#).... L)** :%$%*;) &++* %$)$+/ D)),b)/ 31 2010...................................... C+* +: &++* *+#..................................... G/+** /+:%............................................................ O)/a%$& )=)$*)*@ A,%$%*/a%) )=)$*)*@ O::%) *a#a/%)* )=)$*).............................. D)/)%a%+$ )=)$*)B +::%) )?%,)$..................................... P/+)/ a=)*B;)a?a/)/* b%#%$&... S)##%$& )=)$*)*@ A)/%*%$& )=)$*)................................... Sa#)* *a#a/%)* )=)$*)............................... T+a# +)/a%$& )=)$*)*...................... N) %$+,).............................................................. 665000  87500 283200 370700 77000 293700 371300  59500 17500 10500  87500  52500 105000 157500 245000 126300 SPECIAL ACTIITIES A%% 18"1 A#;+&; G/);)$ ,a a)a/ + ;a) );$%a## +,#%) <%; +,a$ +#% ;)/ +,a%+$ +: ;) +* +: ;) #,b)/ %* $);%a#. T;) Statement of  Ethical Conduct for Practitioners of Management Accounting and Financial  Management  /)?%/)* ;a G/);)$ a+% a## aa# +/ aa/)$ +$:#%+: %$)/)* *%a%+$*. T;* a#;+&; % %* a/+/%a) :+/ G/);)$ + a-) aa$a&) +: Ea/$;a/F* +#% +: a##+<%$& ),#+))* + /;a*) ,a)/%a#* a +* *;) *;+# ;a) ;a *+,)+$) )#*) '*; a* ;)/ *)/%*+/( ))/,%$) ;) a,+$ ;a *;) +<) :+/ ;) #,b)/. C#)a/# *)#)%$& ;) #+<)* /%) ;a* +)$) ;) ++/ :+/ /%%%*,. A%% 18"2 T;) +b>)%)* +: ,a$a&)/%a# a+$%$& a$ :%$a$%a# a+$%$& a/) %::)/)$ ;)/):+/) ;) %) /)*%)$F* *a),)$ %* )/ %$+,#)). I$ +$) *)$*) ;) *a),)$ ,a b) /) a +$# )/ ;%&; #))#* %$ ;) +/&a$%a%+$. +/ )=a,#) ;) %%*%+$ ,a$a&)/ ,a b) )a#a) +$ ;) ba*%* +: :%$a$%a# a+$%$& /+:%. T;* ;) %%*%+$a# ,a$a&)/ <+# b) )a#a) b )$/a# ,a$a&),)$ %$ $)a/# ;) *a,) )%) a$ *b>)%) ,)a*/)* *) %$)/$a## %$ ;) +/&a$%a%+$ + &%) */a)& a$ +)/a%+$*. A%% 18"3 1. T;) %) /)*%)$ +: ;) I$:+/,a%+$ S*),* D%%*%+$ a$ *) ,a$a&)/%a# a+$%$& %$:+/,a%+$ %$ a $,b)/ +: %::)/)$ )%+$ +: a,+$ a$ ) +: <+/- /)?%/) :+/ ;) $)= )/%+. Ma$a&)/%a# a+$%$& %$:+/,a%+$ <+# a#*+ b) *) + ))/,%$) <;);)/ ;) ba$- *;+# #)a*) a%%+$a# /+)**%$& aa% +/  /;a*) a $)< )$/a# /+)**%$& $%. A%%+$a## ,a$a&)/%a# a+$%$& %$:+/,a%+$ +# a#*+ b) *) + a;%)) b))/ +$/+# +)/  %$:+/,a%+$ **),* a%%%)* b )a#a%$& ;) +** +: +$&+%$& +)/a%+$* ba*) +$ ;) ),a$ :+/ %$:+/,a%+$ *)/%)*. 2. T;) ;+*%a# a,%$%*/a+/ a$ *) ,a$a&)/%a# a+$%$& %$:+/,a%+$ %$ a $,b)/ +: %::)/)$ ) + a $,b)/ +: :%$a$%a# &+a#*. T;) CEO a#*+ $))* + *+/ */a)&% )%*%+$ ,a-%$&. I$ ;%* /)&a/ ;) CEO $))* ,a$a&)/%a# a+$%$& %$:+/,a%+$ +$ ;) /+:%ab%#% +: a/%+* /+ :a,%#%)* /+:%ab%#% +: %::)/)$ /)&%+$* a$ /+:%ab%#% +: a/%+* *+,)/ *)&,)$*. T;%* %$:+/,a%+$ a$ &%) ;) CEO %$ a##+a%$& :/) )::+/ a$ /)*+/)*. 4. T;) + *;+ ,a$a&)/ $))* :a%/# *%,#) ,a$a&)/%a# a+$%$& %$:+/,a%+$. A ;) ,+* ba*% #))# ;) + *;+ ,a$a&)/ $))* + -$+< ;) +** +: )/:+/,%$& a/%+* + a*-* *; a* +$)*%) + <+ *%) + +##a%$& b%$%$& ). T;)*) a%%%)* <%## ;a) *+,) %/) +** *; a* a)/ a$ *+,) %$%/) +** *; a* + ,a;%$) %,). T;) ,a$a&)/ <%## $)) + )*%,a) ;) %,a +: b+; +: ;)*) +** %$ +/)/  + /%) ;) a/%+* + >+b* + ;) b#%. Ma$a&)/%a# a+$%$& %$:+/,a%+$ <%## %$#) ;) +* )a%#* $))**a/ + /%) ;) a/%+* + *;+ *)/%)* a a #))# + +)/ )?%,)$ +** #)a*) )=)$*)* a$ /+:%. A%% 18"4 1. a$)F* b%## ;a* a $,b)/ +: +%$* ;a *;+# b) +$*%)/). S+,) +: ;) +%$* <%; ;) a/+/%a) a/&,)$ a/) %)$%:%) b)#+<. a. T;) /% ba- + ;) *;+ /)*#) %$ a 65 #ab+/ ;a/&). a$) *;+# a/&) ;a ;) <;+#) ;+/ *;+# $+ b) b%##). T;) ;+/ %* ;) /)*# +:  *+-%$& + +: a %/% b+a/ +$ ;) /-. T;) %/% b+a/ *;+# ;a) b))$ <%; ;) /)a%/ )/*+$. T;)/) * a$+;)/ :+/, +: +,)$*a%+$. T;) +)/;)a ,* b) +)/) b a## *+,)/*. T;)/):+/) %$#%$& +)/;)a %$ ;) ;+/# /a) %* ;) ,+* #+&%a# ,);+ +: +)/%$& ;)*) +**. T;) a%%+$a# ;a/&) :+/ ;) :%/* ;+/ %* a#*+ /)a*+$ab#). T;) :%/* ;+/  ;a/&) +)/* ;) +** +: /a$*% <;%; a/) %/)# a/%bab#) + ,a-%$& a ;+,) %*%. a$) /)?%/)* a ;+,) %*% *+ a$) *;+# b) /)*+$*%b#) :+/ ;) +** +: ,a-%$& ;) %*%. I: a$) b/+&; ;) +,)/  + ;) *;+ ;%* +* <+# $+ b) %$//). A%% 18"4 C+$#) 2. C+* D%/) Ma)/%a#* C%/% b+a/ S+/a&) a$ ;a$#%$& S/a%&;%,) #ab+/ /%$&) b)$):%* O)/;)a );%#) )/)%a%+$ a$ :)# O)/%,) /),%, D%/) Lab+/ O)/;)a ! ! ! ! ! ! ! C+# b) +$*%)/) +)/;)a. A%% 18"5 1. T;) /&)/ a/$ ,a$a&)/ <%## *) ,a$a&)/%a# a+$%$& %$:+/,a%+$ + a,#a) ;) +** a**+%a) <%; %::)/)$ ,)$ %),*. T;) +** %/) a$ %$%/) <%## ;)# %$ ))/,%$%$& ;) /%%$& */a)&. 2. T;) #a$ ,a$a&)/ %* &+%$& + *) +* %$:+/,a%+$ +$ */a a$ /)<+/- + %)$%: ;) a,+$ +: )%). +/ )=a,#) ;) Ma%$)$a$) D)a/,)$ ,a$a&)/ ,a -$+< ;) /)a%/ ;%*+/%)* +: a/%+* ,a;%$)*. T;)*) ;%*+/%)* a$ b) *) + :+/)a* ;) /)a%/* a$%%a) /%$& ;) $)= )a/. T;) ,a$a&)/ ,a a#*+ -$+< ;a a $)< /+)** <%## b) b/+&; +$#%$) /%$& ;) $)= )a/. N)< /+)**)* a/) :/)?)$# /+b#)*+,) *+ ;) ,a$a&)/ <%## $)) + b&) a%%+$a# /)*+/)* + a+,,+a) %$/+%+$ +: ;) $)< );$+#+&. A%% 18"6 Note to Instructors:  C+$*%)/ ;a%$& ;) )a,* +,)) :+/ ;) ,+* )=a,#)*. Ha) ;a#: ;) #a** + ;) %a /)*a/a$ a$ ;) +;)/ ;) + *;+ a$ +,a/) /)*#*. S+,) )=a,#)* ;a ,a b) +::)/) b ;) *)$* a/) ;) :+##+<%$&@ Copy and Graphics Shop C+* Pa)/............................................... G/a;% )*%&$)/