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What are some of the advantages and disadvantages of standard costs? How do managers determine what the standard cost should be?
Describe the effect of inaccurate standard costs on financial reporting. What are the differences between variable and absorption costing?
Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision-making?
As a manager, which would you prefer? For what is cost-volume-profit CVP analysis used? What are some of the key underlying assumptions that make CVP analysis useful for decision makers?
Why might decision makers use CVP analysis? Prepare written responses to the following problems from Ch. Tools for Business Decision Making: Problems PA and PA.
Prepare written responses to the following assignments from Ch. Exercises E and E Questions 13 and Use the Internet or other credible resources to find an article relevant to activity-based costing ABCjob costing, or process costing.
Write a word summary of the article. Summarize the major topics of the article, and explain what you learned as a result of.
What are value-added processes? How do you determine if a process adds value? How does identification of value-added processes help a company run more efficiently and effectively? What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method?
Prepare written responses to the following case study from Ch. Managerial Analysis BYP Prepare written responses to the following problems from Managerial Accounting: Prepare written responses to the following assignments from Managerial Accounting:ACC Week 5 Individual Issuing Audit Reports Simulation Learning Team Case Study Assignment Learning Team Case Study Assignment and Presentation Discussion Questions 2 and 3 Find this Pin and more on ACC by anthonybranco.
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