Discuss how useful was cost information to the internal user

Assignment Help Managerial Accounting
Reference no: EM132639543

Choose one peer reviewed journal article (from any country) on the:

Use of your chosen costing system in a real-life organisation (i.e. a case-based empirical study). The article should be published between 2005- 2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below.

Questions:

Problem 1. Based on your chosen costing article, briefly summarise how the costing system was designed and implemented in your real-life organisation.

Problem 2. Based on your chosen costing article, did the costing system in the study satisfy the features discussed in Part A (Q1)? Why or why not? Include examples in your answer from your costing article.

Problem 3. Based on your chosen costing article, how useful was the cost information to the internal users in the organisation? Discuss with examples from your costing article.

Problem 4. Based on your literature findings, state two key lessons that would inform contemporary organisations about the practical use of your chosen costing system.

Reference no: EM132639543

Questions Cloud

History of the human genome project : Research the purpose and history of the human genome project.
Why did the ethical dilemma arise : Is there any way to redesign the accounting reporting system to discourage the type of behavior that the manager is contemplating?
Monopolistic competition and oligopoly : Select a real world market that is not an example of perfect competition or monopoly, discuss whether you think it is more appropriate
Find out negligible contribution to society : It is common to hear comments like "Why do baseball players earn millions of dollars a year for their negligible contribution to society
Discuss how useful was cost information to the internal user : Discuss how useful was the cost information to the internal users in the organisation? Discuss with examples from your costing article.
Similarities and differences of effective leader : Discuss the similarities and differences of an effective leader and an ineffective leader that you have either personally encountered or researched.
Revise ethical issues in visual media communication : You are the campaign manager for a well known environmental outreach organization. The current campaign is to bring awareness to the organization's Ohio River.
Delivery strategies : Provide examples of three value-added support strategies geared toward helping a nursing home to implement a goal of providing a safe
Inverse relationship between inflation and unemployment : Graphically demonstrate this inverse relationship between inflation and unemployment

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Decrease in the rate of nominal money growth

The effects of a permanent decrease in the rate of nominal money growth

  What was the labour rate variance for the month

What was the labour rate variance for the month? The data pertain to operations concerning the product for the last month, Actual hours worked 9,600 hours

  Evaluate what was the company net profit for previous year

Evaluate What was the company's net profit for the previous year? What will the new break-even point be if fixed costs increase by 10 per cent?

  Calculate the cash flow budget for empire enterprises

Calculate the cash flow budget for Empire Enterprises for the 2016 year, on a quarterly basis.  All revenue and expense items have been provided.  Complete all necessary calculations for the cash budget

  What is the minimum cash loan that must be planned

During December, the capital budget indicates What is the minimum cash loan that must be planned to be borrowed from the Bank during December?

  How the cost of such an asset may be considered irrelevant

However, the cost of such an asset may be considered irrelevant in most internal decision-making. Explain how and why this might be true

  Make marginal and absorption income statement

Prepare marginal and absorption income statement. Fixed production overhead costs per unit are based on a normal monthly activity level of 8,000 units.

  Compute the net present value and profitability index

Compute the net present value, profitability index, and internal rate of return for each option. (Hint: To solve for internal rate of return

  Compute the maximum income from operations

Determine the amount of sales (units) that would be necessary under the proposed program to realize the $104,400 of income from operations.

  Summary information from the financial statements

Summary information from the financial statements of two companies competing in the same industry follows.

  Determine the standard direct materials cost per unit

Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in A sequence of activities

  What would be the profit impact of pursuing the advertising

Year 2 that increases its unit sales by 20%. If all else remains constant, what would be the profit impact of pursuing the advertising campaign?

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