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The job "accountant" can mean many different things, depending on the organization, its structure, and expectations for the accounting function. For example, there are management accountants and financial accountants. Answer the following questions:
1. Why do these two groups exist?
2. What are thier responsibilities? Write a brief job description for each. Your job description should include 1)Education background, 2) Reporting responsibility ("this position reports to"), and 3) Primary job duties
3. What do accountants have to offer today vs. yeasrs past?
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?
Andrea Boss, Inc. manufactures five models of kitchen appliances at its Vista plant. Using the activities listed above, identify for each activity one or more cost drivers that might be used to assign overhead to Andrea Boss's five products.
Pick a costing method: process, job, or activity based. Explain the nature of your chosen method. What types of organizations should choose that method?
Near end of 2011, the management of Simid Sports Co., merchandising company, prepared the following estimated balance sheet for December 31, 2011: Simid Sports' single product is bought for $30 per unit and resold for $60 per unit.
Select one acquisition the company has undertaken during recent history and explain details of the deal. About the merger and acquisition activity of the Coca Cola
Return On Investment measurement issues.. Green Company has prepared the following information for three of its divisions:
A graph of a flexible budget formula reflects fixed costs of $30,000 and total costs of $90,000 at a volume of 6,000 units. Assuming the relevant range is 1,000 to 12,000 units, the graph would reflect total costs at 10,000 units of what dollar am..
Compares and contrasts management and financial accounting along at least 4 different criteria. Discusses how management accounting could specifically help the CEO control the company's performance.
Assuming a 365-day year, what is the length of its cash conversion cycle?
What is the amount of direct materials cost incurred by LP Production:
CompTronics, a manufacturer of computer peripherals, has excess capacity. The company's Utah plant has the following per-unit cost structure for item no. 89:
Prepare general journal entries in general journal form
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