Classify and calculate a manufacturers costs

Assignment Help Accounting Basics

Reference no: EM132462587

Assignment:

Exercises:

Point 1. ERP cost-benefit analysis

Point 2. Classify and calculate a manufacturer's costs

Point 3. Compute direct materials used and cost of goods manufactured

Point 4. classify costs along the value chain for a manufacturer

Essay Question/Considering Ethics:

Question 1. Review the IMA Statement of Ethical Professional Practice. Does business interaction in the global market conflict with these ethical standards? Consider outsourcing, sustainability, and social responsibility. Is it possible to remain competitive in a global market and remain true to these ethical standards? Please formulate a 500 word minimum essay exploring this issue. Research and site the business practices of at least two companies that function on at least two continents.

Memorization Exercise:

Question 1. Making a song out of terms that are otherwise unassociated and boring is one proven way to remember vocabulary. Write a song incorporating at least ten terms from Module One. It can be as long or as short as you want. Make sure that it ties the terms you use together and addresses how they relate to each other. Set it to the melody of a nursery rhyme or a song that you enjoy. You do not have to perform this and it does not have to be good. Submit the song that you wrote as your assignment and try singing it to yourself during the day.

Exercises:

Point 1. Record journal entries

Point 2. Quality initiative decision

Point 3. Process costing in a single processing department

Point 4. Prepare a production cost report and journal entries

Essay Question:

Question 1: Write a 500 word minimum essay discussing how lean versus traditional production might affect a management accountant trying to calculate a company's costs. How would the information a management accountant would use to determine company costs change depending on type of production?

Exercises:

Point 1. Analyze cost behavior

Point 2. Prepare contribution margin income statements

Point 3. CVP analysis by intern with an ethical dilemma

Essay Questions: (total approx. 750 words)

Question 1. "Breakeven analysis isn't very useful to a company because companies need to do more than break even to survive in the long run." Explain why you agree or disagree with this statement.

Question 2. Rondell Pharmacy is considering switching to the use of robots to fill prescriptions that consist of oral solids or medications in pill form. The robots will assist the human pharmacists and will reduce the number of human pharmacy workers needed. This change is expected to reduce the number of prescription filling errors, reduce the customer's wait time, and reduce the total overall costs. How does the use of the robots affect Rondell Pharmacy's cost structure? Explain the impact of this switch to robotics on Rondell Pharmacy's operating risk.

Reference no: EM132462587

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