{"id":845,"date":"2015-12-27T14:56:27","date_gmt":"2015-12-27T14:56:27","guid":{"rendered":"https:\/\/courses.candelalearning.com\/managacct2x1xmaster\/?post_type=chapter&#038;p=845"},"modified":"2016-01-01T14:18:20","modified_gmt":"2016-01-01T14:18:20","slug":"chapter-10-study-plan","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-managacct\/chapter\/chapter-10-study-plan\/","title":{"raw":"Chapter 10 Study Plan","rendered":"Chapter 10 Study Plan"},"content":{"raw":"<h2>Study Plan: Relevant Costing for Managers<\/h2>\r\n<strong>Knowledge Targets<\/strong>\r\n\r\nI can define the following terms as they relate to our unit:\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><strong>Avoidable Cost<\/strong><\/td>\r\n<td><strong>Constraint<\/strong><\/td>\r\n<td><strong>Make or Buy<\/strong><\/td>\r\n<td><strong>Differential Cost\r\n<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Differential Revenue<\/strong><\/td>\r\n<td><strong>Joint Product<\/strong><\/td>\r\n<td><strong>Joint Cost<\/strong><\/td>\r\n<td><strong>Opportunity Cost\r\n<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Sunk Cost<\/strong><\/td>\r\n<td><strong>Relevant Benefit<\/strong><\/td>\r\n<td><strong>Relevant Cost<\/strong><\/td>\r\n<td><strong>Sells or Process further\r\n<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Special Order<\/strong><\/td>\r\n<td><strong>Split Off Point<\/strong><\/td>\r\n<td><strong>Constrained Resource\r\n<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<strong>Reasoning Targets<\/strong>\r\n<ul>\r\n\t<li>I can identify costs as <strong>relevant, avoidable, opportunity or sunk cost<\/strong>.<\/li>\r\n\t<li>I can classify costs as <strong>relevant or not relevant<\/strong>.<\/li>\r\n\t<li>I can determine value and use of a <strong>constrained resource<\/strong>.<\/li>\r\n<\/ul>\r\n<strong>Skill Targets<\/strong>\r\n<ul>\r\n\t<li>I can prepare an analysis showing if a product line or business segment should be dropped or added.<\/li>\r\n\t<li>I can prepare <strong>make or buy<\/strong> analysis.<\/li>\r\n\t<li>I can prepare analysis showing whether a <strong>special order<\/strong> should be accepted or rejected.<\/li>\r\n\t<li>I can prepare an analysis showing whether a <strong>joint product<\/strong> should be sold at the <strong>split off point<\/strong> or processed further<strong>.<\/strong><\/li>\r\n<\/ul>\r\nClick <a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1430\/2016\/03\/04031456\/Relevant-Costs.pdf\">Relevant Costs<\/a> for a printable copy.","rendered":"<h2>Study Plan: Relevant Costing for Managers<\/h2>\n<p><strong>Knowledge Targets<\/strong><\/p>\n<p>I can define the following terms as they relate to our unit:<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Avoidable Cost<\/strong><\/td>\n<td><strong>Constraint<\/strong><\/td>\n<td><strong>Make or Buy<\/strong><\/td>\n<td><strong>Differential Cost<br \/>\n<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Differential Revenue<\/strong><\/td>\n<td><strong>Joint Product<\/strong><\/td>\n<td><strong>Joint Cost<\/strong><\/td>\n<td><strong>Opportunity Cost<br \/>\n<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Sunk Cost<\/strong><\/td>\n<td><strong>Relevant Benefit<\/strong><\/td>\n<td><strong>Relevant Cost<\/strong><\/td>\n<td><strong>Sells or Process further<br \/>\n<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Special Order<\/strong><\/td>\n<td><strong>Split Off Point<\/strong><\/td>\n<td><strong>Constrained Resource<br \/>\n<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Reasoning Targets<\/strong><\/p>\n<ul>\n<li>I can identify costs as <strong>relevant, avoidable, opportunity or sunk cost<\/strong>.<\/li>\n<li>I can classify costs as <strong>relevant or not relevant<\/strong>.<\/li>\n<li>I can determine value and use of a <strong>constrained resource<\/strong>.<\/li>\n<\/ul>\n<p><strong>Skill Targets<\/strong><\/p>\n<ul>\n<li>I can prepare an analysis showing if a product line or business segment should be dropped or added.<\/li>\n<li>I can prepare <strong>make or buy<\/strong> analysis.<\/li>\n<li>I can prepare analysis showing whether a <strong>special order<\/strong> should be accepted or rejected.<\/li>\n<li>I can prepare an analysis showing whether a <strong>joint product<\/strong> should be sold at the <strong>split off point<\/strong> or processed further<strong>.<\/strong><\/li>\n<\/ul>\n<p>Click <a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1430\/2016\/03\/04031456\/Relevant-Costs.pdf\">Relevant Costs<\/a> for a printable copy.<\/p>\n","protected":false},"author":1195,"menu_order":1,"template":"","meta":{"_candela_citation":"[]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-845","chapter","type-chapter","status-publish","hentry"],"part":23,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/users\/1195"}],"version-history":[{"count":4,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/845\/revisions"}],"predecessor-version":[{"id":937,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/845\/revisions\/937"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/parts\/23"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapters\/845\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/media?parent=845"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/pressbooks\/v2\/chapter-type?post=845"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/contributor?post=845"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-managacct\/wp-json\/wp\/v2\/license?post=845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}