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Give numerical example explaining the concept of Equivalent number of units. Discuss the advantages of using equivalent number f units?
Analyze the major benefits and major weaknesses of traditional Activity-Based Costing (ABC) in determining accurate overhead costs over an ABC system.
Analyze your company's cost classification for pricing of the navigation system. Defend your cost classification to the U.S. government.
What potential strategies could be used to reduce the demand for energy in industrialized economies with large populations?
Use the accompanying Excel worksheet to calculate the costs and margins of the three different orthopedic casts using the TDABC method.
Why does a firm generally have a lower cost of debt than cost of equity? If cost of debt is generally below cost of equity why would firms want to issue equity?
Identify some problem areas in the cost of capital analysis. Do these problems invalidate the cost of capital procedures?
Compute the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent).
Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory.
Why is the identification of favorable variances so important to a company? How can the identification of the variances help management control costs?
What is your reaction to Harriet's suggestion of using the cost of debt only? Is it a good idea or a bad idea? Why?
Recommend one approach that selected company can take to lower direct labor costs of technology products. Provide a rationale for your recommended approach.
ACC 8802- Identify the three worst performing cost activities across four cost categories and explain why you believe these to be three worst cost activities.
Structure of Manufacturing Cost: In one paragraph, compare the structure of manufacturing costs for each firm.
How important is it to trace costs appropriately? What implications does each of these have on such things as financial reporting of profit and pricing.
Assuming the role of an entering corporate officer, complete a financial ratio analysis for the company assigned for you by your instructor.
Why should an employee have some understanding of costing if they are not in the accounting department?
As a manager, discuss how you would use Variable Costing in managerial decisions Support your response with numerical example(s).
Discuss what type of cost accounting system this company should use, and the documents that you would recommend as part of the cost accounting system.
Briefly explain each of the three costing systems in accounting. Discuss the situations in which each system would be best employed by a business.
Describe how you plan to use some of the skills learned in this course to promote social change in your organization now and in the future.
Budgets play a critical role in management activities such as planning. Why do employees have so much emotion when it comes to budgets and budgeting decisions?
Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method?
Provide an explanation of a scenario of how the type of cost you have selected (sunk, opportunity, or accounting) has impacted an organizational decision.
Select a nationally recognized fast casual restaurant chain and 3 of its menu items to demonstrate your knowledge of cost analysis for that product.