User Account

All Pages

Explain the three methods used to allocate joint costs

Assignment Help Managerial Accounting
Reference no: EM131161120

Managerial Accounting DQ

Allocating Joint Costs

Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your position with evidence from the text or external sources. Your initial post should be 200-250 words.

Variable/Absorption Costing

As you read in Chapter 8, there are arguments (for and against) variable costing and absorption costing. Select one of these costing methods and explore the various arguments. Determine whether you are "for" or "against" this selected method. Provide evidence from the text to support your position. Your initial post should be 200-250 words.

Reference no: EM131161120

Questions Cloud

Define element that might be presented in balanced scorecard : Define the elements that might be presented in a balanced scorecard. Explain how elements will be used. Make a recommendation of whether or not EEC should adopt the balanced scorecard.
Perform a tobit regression of expenditure on your commodity : Using the CES data set, perform a tobit regression of expenditure on your commodity on total household expenditure, and compare the slope coefficient with those obtained in OLS regressions including and excluding observations with 0 expenditure on..
Create a decision tree : Based on the information presented in the case study, create a decision tree or Excel-based analysis to determine the most appropriate recommendation.
Give a real-life example of both types of serial killers : Explain how determining whether a serial killer is organized or not can assist in the investigation. For example, can clues from the crime scenes give you information about the serial killer's lifestyle, personality, etc.?
Explain the three methods used to allocate joint costs : Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why?
Calculate the marginal effects in the logit analysis : Calculate the marginal effects in the logit analysis and compare them with those obtained using OLS.
Describe the responsibilities of a counseling supervisor : Explain how the social situation with Travon and Elliot could impact the work environment. Develop a policy that you would implement to minimize ethical concerns related to social activities between colleagues while supporting collegial relationsh..
Create a chart to classify and identify a cost driver : For Questions 1 through 3, create a chart to classify and identify a cost driver for each of the costs provided in the text. The chart should be included as an appendix to the written report.
If the problem is real how specifically is hurting the firm : Is there a problem here? If the problem is real, how specifically is it hurting the firm? What reasonable types of action, if any, could lead to a solution to the problem

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Explain the importance of fannie mae and freddie mac

1. Explain the importance of Fannie Mae and Freddie Mac to the housing finance system in the United States.

  Discuss how your organization might use the findings

The purpose of the study defines what the researcher wants to find out and is found in the introductory section of the research article. Sometimes the purpose contains a research questions.

  Prepare all required journal entries

Prepare all required journal entries, being certain to indicate the type of fund in which each entry would be made.

  Why would the difference between income computed

Why would the difference between income computed under full costing and income computed under variable costing be relatively small if a company used a JIT inventory management system?

  The following information describes production activities

The following information describes production activities of Mercer Manufacturing for the year:

  What is the new market value of the company

Again, Inc., is proposing a rights offering. Presently, there are 450,000 shares outstanding at $90 each. There will be 80,000 new shares offered at $84 each.

  Management accountants to understand business strategy

1.Why is it important for management accountants to understand business strategy?

  What is the cost of ending work in process

What is the cost of ending Work in Process?

  Prepare the case budget for the fourth quarter

Address Question 1 by using a spreadsheet to prepare the case budget for the fourth quarter. The cash budget should be included as an appendix to the written report and should be referenced in the written report.

  General ledger accounts related to inventory

Place Y (Yes) beside the general ledger accounts related to inventory in a job order cost system and N (No) by those that are not.

  What is the expected value of perfect information

Tversky and Kahneman describe three types of heuristics that people use in judgments under uncertainty. What do they mean by the term heuristics? Briefly describe the ones that they mention

  Compute plantwide overhead rates

What is the company's single plantwide overhead rate based on direct labor hours and what is the company's single plantwide overhead rate based on machine hours?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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