Compute how useful was cost information to internal users

Assignment Help Managerial Accounting
Reference no: EM132624909

Article to work on " JOB ORDER COSTING: A SIMULATION AND VEHICLE FOR CONCEPTUAL DISCUSSION" Greenberg, Rochelle K; Schneider, Arnold.Academy of Educational Leadership Journal; Arden Vol. 14, Iss. 3, (2010): 39-57.

Questions:

Question 1. Based on above article, briefly summarise how the costing system was designed and implemented in your real-life organisation.

Question 2. Based on your above costing article, did the costing system in the study satisfy the features discussed in Job Order Costing system? Why or why not? Include examples in your answer from above costing article.

Question 3. Based on your above costing article, how useful was the cost information to the internal users in the organisation? Discuss with examples from your costing article.

Question 4. Based on your literature findings, state two key lessons that would inform contemporary organisations about the practical use of your chosen costing system.

Reference no: EM132624909

Questions Cloud

What is the effect of an increase in activity : What is the effect of an increase in activity on the variable cost per unit of activity and fixed costs per unit of activity and total fixed costsitems
What is the depreciation of machinery : During 2020, the entity sold for P260,000 a machine with original cost of P400,000. What is the depreciation of machinery for 2020
Death penalty for extreme crimes : Choose one of the situations below where your personal values aligned easily with social work values and mention it.
Evaluate the employer interest in monitoring employees : Evaluate the employer's interest in monitoring employees, including the rights that employers have.
Compute how useful was cost information to internal users : Compute how useful was the cost information to the internal users in the organisation? Discuss with examples from your costing article.
List the component of classified balance sheet : Question - List the component of classified balance sheet in the proper order in accordance with GAAP from top to bottom
Success or failure of healthcare organization : How do they benefit from the success or failure of the healthcare organization? Describe the potential areas of conflict.
How do prepare journal entries for each transaction : How do Prepare journal entries for each transaction. Angie's Antiques Inc. is authorized to issue 100,000 shares of $100 par value, 5% cumulative preferred
How much depreciation should they recognize in first year : CVN believe they bill be able to sell the item for $3000. CVN uses straight line depreciation for all items. How much depreciation should they recognize

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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