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Student Centre Managerial Accounting
5th Canadian Edition
Garrison/Noreen/Chesley/Carroll

Student Centre
Chapter 2: Cost Terms, Concepts, and Classifications

| Learning Objectives | Key Terms and Glossary | Plant Tours Discussion Questions | Group Exercises | Internet Exercises | Online Quizzes | Ready Slides | Weblinks | SPATS | Chapter Summary |


    Plant Tours Discussion Questions

    The following plant tours relate to this chapter. After taking an online tour, consider the associated question. You may answer the question on this page and email it to yourself and your instructor. An extensive list of other valuable tours is available within the site's Resource module.

    2-1. Plant Tour: Canadian Springs
    Managerial Accounting Topic: Service type manufacturing.
    Brief Overview: A supplier of bottled water and dispensers to homes, offices, etc. A clear, concise tour of the facilities, emphasizing quality and cleanliness.  At the home page click on "YES", then page down through the bubbles and click on "white glove tour". Page down past the chemist in the shower hat and click on "click here to start your tour".
    Relevant Topics: Service-oriented manufacturing, quality emphasis.
    Rating: ****

    Chapter Two covers various cost terms, concepts, and classifications. From the plant tour of Canadian Springs Company identify one example of a Product Cost (Manufacturing Inventoriable Cost), Period Cost (Non-Manufacturing Non-Inventoriable Cost), Direct Material Cost, Direct Labour Cost, Indirect Material Cost, Indirect Labour Cost, Manufacturing Overhead Cost, Fixed Cost and Variable cost. How does classifying costs in different ways help a manager make more informed decisions?


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