Solution-How managerial accounting is different from cost

How managerial accounting is different from cost accounting

Assignment Help Financial Accounting

Reference no: EM13501665

Program Area	Costs
Administration
Salaries:
Administrator	$60,000
Assistant	$35,000
Two Secretaries	$42,000
Supplies	$35,000
Advertising and promotion	$9,000
Professional meetings/dues	$14,000
Purchased Services:
Accounting and billing	$15,000
Custodial	$13,000
Security	$12,000
Consulting	$10,000
Community Mental Health Services
Salaries (two social workers)	$46,000
Transportation	$10,000
Outpatient mental health treatment
Salaries:
Psychiatrist	$86,000
Two Social Workers	$70,000

In an Excel spreadsheet:

Provide a dollar range of costs to reduce budgets (worst and best case analysis).
She needs to cut $94,000 in cost. Prioritize those cuts that can be made without impacting the operation or quality care of the organization.

In addition to the Excel spreadsheet required to support your responses, you must prepare an APA formatted paper that will address the following:

Describe how managerial accounting is different from cost accounting.
Describe the lean production philosophy.
Compare and contrast accounting principles in lean production to those of typical production.
Describe how you would advise Dr. White to prepare for reduced budgets.

Reference no: EM13501665

Questions Cloud

Define how the experimental result is an application : Precipitation of the mononitration product of bromobenzene prevents dinitration from occurring. Explain how this experimental result is an application of the Le Chatelier principle.

What is the linear frequency of the mass : A mass attached to a spring vibrates 15 times in 23.13 seconds. What is the linear frequency (in Hertz) of the mass

Explain how much time in s is needed for nocl originally : How much time (in s) is needed for NOCl originally at a concentration of 0.0194 M to decay to 0.0026 M

Explain the shape and average distance of the electrons : How does the shape and average distance of the electrons from the nucleus compare for a 2p orbital of nitrogen and a 3p orbital of sulfur

How managerial accounting is different from cost accounting : She needs to cut $94,000 in cost. Prioritize those cuts that can be made without impacting the operation or quality care of the organization. how managerial accounting is different from cost accounting.

What is the largest total area of the oil slick : An oil tanker has collided with a smaller vessel, resulting in an oil spill in a large, calm-water bay of the ocean. what is the largest total area of the oil slick

How much heat is needed to raise the temperature : How much heat is required to raise the temperature of 215g CH3OH (l) from 20.0 to 30.0 degrees C and vaporize it at 30.0 degrees C

How many electrons flow through the bulb per second : A light bulb is rated at 60W, 120 V. how many electrons flow through the bulb per second and find the resistance of the bulb

How much energy does the accelerated electron have : In a X-ray tube, electrons are accelerated through a potential of 10, 000V. How much energy does the accelerated electron have

User Account

All Pages

How managerial accounting is different from cost accounting

Reference no: EM13501665

Reference no: EM13501665

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT