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Choose an organization with which is familiar, such as the place of employment, business patronized, or other situation and describe how that organization either does or does not apply the course concepts (regarding the book Cost Accounting) on a day to day basis. This discussion should be a ten-page (or so) paper with a minimum of five references.
CollegePak Company produced and sold 60,000 units throughout the year just ended at an average price of $20 per unit. Variable manufacturing costs were $8 per unit, and variable marketing costs were $4 per unit sold.
Misemer Corporation is developing standards for its products. One product requires an input that is purchased for $57.00 per kilogram from the supplier.
The Jung Corporation's budget calls for following production:Quarter 1 45,000 units Quarter 2 38,000 units Quarter 3 34,000 units Quarter 4 48,000 units. Each unit of production needs three pounds of direct material.
What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost?
Which if the following statements are correct?
Write down the strengths and weaknesses of current costing model.
How does FASB and IFRS standards differ from on another? If the US adopted the IFRS standards what are the advantages and disadvantages?
Prepare the following budgets for the first quarter and calculate the total budgeted contribution margin for the first quarter.
Discuss how the management and risk at each level of the corporation is brought together into a comprehensive risk management program.
Donut Ville caters to its retirement populations by selling over 10,000 each week. To produce that many donuts weekly, Donut Ville uses 1,000 pounds of flour, which must be delivered by 5:00 am by every Friday morning. How should the manager of Do..
What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
Discuss how your organization might or might not use the findings from these studies. Substantiate your opinion with concrete examples.
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