Trying to determine the actual cost

Assignment Help Accounting Basics
Reference no: EM13924751

Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issues could be present.
Guided Response:

Review your peers' posts and respond to at least two of your classmates. Describe how job order costing or activity-based costing could resolve the issues your classmates mentioned in their posts.

We've all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, "Airline Industry Stock Outlook - August 2012" Identify three factors that are affecting airline company's ability to break even. For each of your factors, discuss how these have an impact on the breakeven (contribution margin, fixed costs, variable costs, a combination, etc.), and what happens if these factors increase or decrease.
Guided Response:

Review your peers' posts and respond to at least two of your peers. In each response, add two factors that your classmate hasn't included and explain how your additional factors influence the break-even point.

Reference no: EM13924751

Questions Cloud

Financial accounting and management accounting : While there are many instances of overlap between financial accounting and management accounting, each group's primary focus is different. Review the Institute of Management Accounting's (IMA) website, specifically the "About IMA" and the "Resourc..
How many shares of common stock : The following are the account balances of Kahn Co. at August 31, 2014. How many shares of common stock hs Kahn issued?
Essay- effects of unrestricted freedom among teenagers : EFFECTS OF UNRESTRICTED FREEDOM AMONG TEENAGERS- Drug abuse, Examples: cigarettes, drugs, alcohols, It might be hazardous
Compact fluorescent lamps-make financial sense : Compact fluorescent lamps (CFLs) have become required in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent lightbulb costs $.46 and lasts for 1,000 hours. If you require a 11 percent return, at what cost per kilow..
Trying to determine the actual cost : Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issu..
Prepare the income statement and balance sheet : Prepare the income statement, balance sheet, and statement of cash flows for 2013 and 2014.
Prepare a lan design using visio for service request : Determine how use of this tool can be used to make decisions and provide the modification needed for this LAN Design project. Prepare a LAN design using Visio for service request SR-mf-005 & SR-mf-007
What are the consequences of credit bubbles : What are the consequences of credit bubbles? Explain the steps to be taken to control credit bubbles. Explain the reasons for the housing sector boom in the US prior to 2006.
Accounting period to the ending of an accounting period : Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the ending of an accounting period? A) The statement of cash flows B) The statement of working capital C) The statement o..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Place a check mark in the appropriate column to identify

place a check mark in the appropriate column to identify whether each of the following costs is a product cost or a

  What is error variance and how is it calculated

Q1. What is an F-ratio? Define all the technical terms in your answer. Q2. What is error variance and how is it calculated?

  Sales are collected 75 in the month of sale and 25 in the

ace inc shows a cash balance of 24000 on january 1 2008. the expected sales in units of its product by month for the

  Matthew company issued 10-year 7 bonds paying semiannual

matthew company issued 10-year 7 bonds paying semiannual interest with a par value of 100000. the market rate of

  Lead time analysis furry friends inc manufactures toy

lead time analysis furry friends inc. manufactures toy stuffed animals. the direct labor time required to cut sew and

  The mermaid company sells one product with a variable cost

the mermaid company sells one product with a variable cost of 5 per unit. the company is unsure what price to charge in

  Request pose an ethical dilemma for the controller

(a) Who are the stakeholders in this case? (b) Does the president's request pose an ethical dilemma for the controller? (c) Should the controller be concerned with Ruiz Co.'s growth rate? Explain your answer.

  Grant wood company manufacturers desks most of the companys

grant wood company manufacturers desks. most of the companys desks are standard models and are sold on the basis of

  Total fixed overhead is 150000 most of the manufacturing

mountaineer products manufactures two types of tents single-wall and double-wall. selected data related to each type of

  Make the journal entry to record the issuance of the bonds

on may 1 2011 newby corp. issued 600000 9 5-year bonds at face value. the bonds were dated may 1 2011 and pay interest

  Tea and sugar substitute cost 350 and 040 per pound

so sweet has budgeted sales of 600000 cans of diet iced tea mix during june 2010 and 750000 cans during july.

  Fillip corporation makes 4800 units of part u13 each year

fillip corporation makes 4800 units of part u13 each year. this part is used in one of the companys products. the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd