Explain the differences in accounting for the flow of costs

Assignment Help Cost Accounting

Reference no: EM13903386

1. Explain the differences in accounting for the flow of costs using traditional accounting, where accountants charge costs first to inventory accounts, and using JIT.

2. Why must firms have reliable suppliers when using just-in-time methods?

3. Refer to the Managerial Application ‘‘Using the Basic Cost Flow Equation to Detect Fraud.'' How did the manager of the Gravins Division fraudulently increase profits? How was the fraud detected?

4. Name three companies not mentioned in the text that make products using processes.

5. Name three companies not mentioned in the text that produce jobs.

Reference no: EM13903386

Questions Cloud

What claims might barnes bring against pentrix : What claims might Barnes bring against Pentrix

Us politicians goal of reducing the country : Use the corresponding models and the interest rate and exchange rate effects to evaluate the respective effects of the two proposed policies in view of the US politicians' goal of reducing the country's twin deficit and make well-argued policy rec..

Perform acl test and prepare a report with conclusions : Perform the ACL test and prepare a report with your conclusions. Document your report with ACL printouts showing details of test results and the command log - Identify an operational concern related to the revenue procedures.

Combination of barrels of pruned and regular olives : The best combination of barrels of pruned and regular olives

Explain the differences in accounting for the flow of costs : Explain the differences in accounting for the flow of costs using traditional accounting, where accountants charge costs first to inventory accounts, and using JIT.

Identify absolute and comparative advantage of u.s.and japan : Identify absolute and comparative advantage of U.S. and Japan

Serving of ice cream contains : Phoebe is trying new diet. She gets 35 grams of fat a week to "spend" on her two favorite foods, French fries and Ice cream. A serving of French fries contains 3 grams of fat and a serving of Ice cream contains 2 gram of fat.

Define the five types of intermediate sanctions : Name the five types of probation. Define the five types of intermediate sanctions discussed in your textbook. Your textbook names four specific due-process protections for juveniles that are transferred to criminal court, as a result of a 1966 Supr..

Compute the ending inventory according to accounting records : Compute the ending inventory according to the accounting records and compare it to the physical count. What discrepancy do you find between the physical count and the accounting records, if any?

User Account

All Pages