The following errata, last revised on May 7, 2001 are also posted for students within the Student Centre.

Chapter 8

Page 391 of text, 9 lines from the bottom, should read:

Labour is changed at actual hours worked times a standard labour rate of either $7.50 per hour ...

Page 342, Exhibit 8-1 is missing content. It should be:

Cost Objects (e.g. products and customers)

| V Activities

| V Consumption of Resources

| V Cost

Chapter 9

Page 434, second last line in first paragraph under Variable usage during the lead time should read:

"a snag in processing" not "a snag is processing"

Page 435 second last paragraph.

"These, quantities" does not need a comma.

Page 429, 3rd line from bottom, should read:

"cost of placing a purchase order" not "cost of replacing"

Chapter 11

Exhibit 11-1

The fixed overhead expense should be $22,000, total fixed expenses should be $32,000 and net income should be $67,180.

Exhibit 11-3

Selling and administrative variable expenses should show 500 F in the variance column. Under fixed overhead Selling and administrative should show 0 in the variance column. These numbers were reversed in the printing. The totals and other figures in the variance column are correct.