Discuss how useful was cost information to the internal user

Assignment Help Managerial Accounting
Reference no: EM132639543

Choose one peer reviewed journal article (from any country) on the:

Use of your chosen costing system in a real-life organisation (i.e. a case-based empirical study). The article should be published between 2005- 2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below.

Questions:

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

Problem 2. Based on your chosen costing article, did the costing system in the study satisfy the features discussed in Part A (Q1)? Why or why not? Include examples in your answer from your costing article.

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

Problem 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: EM132639543

Questions Cloud

History of the human genome project : Research the purpose and history of the human genome project.
Why did the ethical dilemma arise : Is there any way to redesign the accounting reporting system to discourage the type of behavior that the manager is contemplating?
Monopolistic competition and oligopoly : Select a real world market that is not an example of perfect competition or monopoly, discuss whether you think it is more appropriate
Find out negligible contribution to society : It is common to hear comments like "Why do baseball players earn millions of dollars a year for their negligible contribution to society
Discuss how useful was cost information to the internal user : Discuss how useful was the cost information to the internal users in the organisation? Discuss with examples from your costing article.
Similarities and differences of effective leader : Discuss the similarities and differences of an effective leader and an ineffective leader that you have either personally encountered or researched.
Revise ethical issues in visual media communication : You are the campaign manager for a well known environmental outreach organization. The current campaign is to bring awareness to the organization's Ohio River.
Delivery strategies : Provide examples of three value-added support strategies geared toward helping a nursing home to implement a goal of providing a safe
Inverse relationship between inflation and unemployment : Graphically demonstrate this inverse relationship between inflation and unemployment

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