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What might account for the trends in these ratios? What actions might managers take to improve these ratios?
Journal Problem- How do you think you would use activity-based costing in your future career?
Write an analytical summary of process costing and cost behavior. Comparison of Job Costing with Process Costing. Product Cost Flows in Process Costing System.
Describe the specific characteristics of each system and provide at least 2 examples from companies in your community for each system.
What are the main features of job and process costing? In job order system how are manufacturing cost are assigned?
What implications does each of these have on such things as financial reporting of profit and pricing your products for the marketplace?
What are the economic costs of waiting lines? What decision criteria can be used to justify expanding services to reduce waiting times?
Assume that st Falls plant uses a single plant wide overhead rate to assign all over had. What is the expected cost per unit produced for job number 110?
Discuss the 2 pros and 2 cons of activity-based costing. Give an example of a situation where activity-based costing could be used effectively.
How many items of your product will you need to produce to meet this sale price? How did you calculate this?
What does a business's Contribution Margin represent? What does the Contribution Margin have to do with Operating Leverage?
Why is the design of a cost system so much more complicated today than it was when cost accounting was in its infancy?
Prepare a third variable costing statement assuming that the price is increased by 50% for all five categories (use original sales information).
Prepare an income statement for the year using absorption costing. Prepare an income statement for the year using variable costing.
Evaluate three cost/benefit ratios for most companies that are required to comply with SOX.
How many units does Caitlin need to sell to breakeven? How much revenue does Caitlin need to generate to breakeven?
Discuss the three undesirable features of amortized cost accounting as compared to fair value accounting.
What types of companies use job costing? How are overhead allocation rates determined by these companies?
Explain what it means to say, variables must vary. Compare and contrast the characteristics of continuous and discrete variables.
Compare the characteristics of job costing and process costing. Consider how each method impacts the accounting work involved.
List and explain fixed costs that the lab will have. List and explain variable costs per visit that the lab will encounter.
Do you think implementing activity-based costing in an organization to make better business decisions is worth the added expense? Why, or why not?
Calculate the value of ending inventory under full or absorption costing. Calculate the value of ending inventory under variable costing.
What was unique in each article regarding the author's approach to the concept? What are the similarities in the research findings?
If Bad Boys, Inc. raises capital using 45% debt, 5% preferred stock, and 50% common stock, what is Bad Boys, Inc.'s cost of capital?