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1. Why is cost allocation imprecise?? Pick one of the different methods we can use, describe it and the pluses and minuses of that method?
2. The master budget contains three types of budgets. What do you think is the cornerstone (or most critical element) of the master budget? Discuss why?
3. Fundamental to the decision-making process is the ability to determine whether a cost is relevant to the decision. Tactical decision making consists of choosing among alternatives with an immediate or limited end in view. It should be noted, however, that short-term decisions can lead to long-term consequences. Tactical decision making consists of choosing among alternatives with an immediate or limited end in view. Tactical decisions can be short term or small scale in nature but must be made so that larger strategic objectives are served. Identify the primary qualities of revenues and costs that are relevant for decision making.
4. There're four primary techniques of examining capital decisions - two are discounting techniques and two aren't. Please pick one of them, describe the method and the pros and cons. Remember; include a discussion on the difference between discounting and non-discounting methods.
Selecting an article that either deals with Measuring Performance or Incremental Analysis write down an introduction to the article. Include the following sections and include no opinions, judgments, or beliefs about the study. Only present the fa..
Supposing you would like to purchase the new car next year, develop the personal budget for yourself or a friend for this year. Make sure to comp,rise a savings plan to save enough for the down payment, taxes, license, and insurance.
What are the roles of individuals in the above scenarios? Are they managers, leaders, or both? What distinguishes management from the leadership and managers from leaders? The nature of relationship between leadership and management remains a top..
Recognize which costing system - job order or process cost - the following companies would use:
What is a rolling budget? Why are they prepared? Describe why some types of companies would employ a rolling budget instead of a master budget.
Many areas should be considered when developing the healthcare operations budget. To accurately assess revenue and cost considerations, strategic forecasting should be performed. Each kind of healthcare business (i.e., hospital, health plan, facil..
This question is on variance analysis in managerial or cost accounting. More specifically, it asks for computations of direct material price variance, direct material efficiency or usage variance, the flexible budget variance, and determining whet..
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
In Excel spreadsheet, show whether this project is economically feasible. Would the majority approve this project (explain)? Does the project meet Pareto efficiency criterion (explain)?
Recognize three firms from 2009 FSB 100 which need a job-order costing system. Describe why they would most likely employ a job-order costing system.
A company rewards its production department employees for meeting budgeted cost levels by giving out bonuses. If department's cost exceeds the budget, employees don't get a bonus. What problems may arise with such a plan?
Find out the value for the manager in conducting a cost-volume-profit analysis.
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