Would you use job order or process costing

Assignment Help Other Subject
Reference no: EM132172384

Question: Assume you are a new employee at Payroll Inc. a company which process payroll, advises small businesses on payroll issues, and remits all withheld funds to the government along with payroll forms required. Processing payroll and completing forms is a routine process which is repeated for each client and payroll period. Payroll advising is unique to each client.

In your initial post discuss the aspects of Payroll Inc.'s processes that lend themselves to process costing and which processes would more closely align with job order costing. How would you set up Payroll Inc.'s accounting system? Would you use job order or process costing? Or some other type of system? Why?

In your second post reply to a peer's initial post by taking an opposing view of the system that should be used (you may not agree with this opposing view but make an argument none the less).

Please make your initial post by midweek, and respond to at least one other student's post by the end of the week. Please check the Course Calendar for specific due dates.

Reference no: EM132172384

Questions Cloud

What would be a fair monthly fee to a perfect market timer : Suppose the risk-free rate is now 1% per month and market volatility is at its historical level. What would be a fair monthly fee to a perfect market timer
My personal leadership development plan : Each student should prepare a paper as a “My Personal Leadership Development Plan.” What areas do you need to work on to be a more effective leader?
What are the main points of the reading : Specifically you are expected to convey what the reading all about. What are the main points of the reading? Your reading should have a hypothesis and evidence.
Hat is the stock predicted return : An analyst has modeled the stock of a company using the Fama-French three-factor model. What is the stock's predicted return
Would you use job order or process costing : In your initial post discuss the aspects of Payroll Inc.'s processes that lend themselves to process costing and which processes would more closely align.
Calculate the expected net present value of the project : The initial cost of the investment would be $200,000 at the start of the project. Calculate the expected net present value of the project
Describe the long-range goals in details : Based on your company's mission, describe the long-range goals, strategies, and objectives that your company will pursue.
What is the break-even point : What is the break-even point? How many units must be sold to make a profit of $500,000?
Importance is attached to traffic intensity of queing system : What importance is attached to the traffic intensity of a queing system.

Reviews

Write a Review

Other Subject Questions & Answers

  Declaration of independence and bill of rights

Why does Henry Steele Commager claim that the new patriotism makes "a mockery of the Declaration of Independence and Bill of Rights"?

  Discuss the impact of the given factors

Discuss the impact that at least two of the factors below have on the vulnerability of your chosen group. Analyze the intersection of social, political.

  How might they each approach the treatment of anna

On what specific points would they agree and disagree regarding the purpose and manifestation of the unconscious in the case of Anna? How might they each approach the treatment of Anna? What might be those specific interventions? How might Anna e..

  Disadvantages of new york city government system

What are the advantages and disadvantages of New York City's government system for its citizens? How is the provision of funds to local sub governments affected or optimized by New York City's governance system?

  What role does the diathesis-stress view play in schizophren

1. What role does the diathesis-stress view play in Schizophrenia?

  Describe formation-local government-ruling bodies of italy

How was Italy formed? How is Italian government estabilish? Describe the ruling bodies? How is local government organized? Who exerts more control over lives of Italians?

  Describe the three categories of ethical theories

Name and briefly describe the three categories of ethical theories introduced in the book. Briefly describe how the caring ethical theory can be used to understand and impact diversity at work and school.

  Emphasize the seriousness of the controversy

Description: In this assignment, you will first write your conclusion; then, you will write your abstract. T ,he following components are requirements of the assignment:

  Why are fixed pieces of equipment

Why are fixed pieces of equipment, such as bouncy seats, high chairs , and playpens, detrimental to an infant's development?

  Result in shrinkage of the beaches

Explain how"protection" of the bluffs might result in shrinkage of the beaches.

  What do you wish you would known about physical development

To answer the following questions refer to a child that you observed from infancy to two years of age (your own child, niece/nephew, a sibling, friend's child.

  To what extent is marijuana legalization a current issue

What statistics are you finding. How do the issues as described compare with what you have read and viewed in this week's learning materials

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