Reference no: EM133002677
During the Covid-19 Pandemic, many businesses either closed, suspended services, or significantly modified their operations. Use your knowledge of cost behavior and how to analyze issues like: breakeven point, scarce resource utilization, make or buy, special order, discontinuing a segment, etc. These are the types of issues and decisions faced by organizations during the pandemic.
For your current or prospective career, describe the managerial accounting calculations and evaluations that went into the decisions to modify the company's operations during the pandemic. If the operational change was mandated, then describe the consequences of the operational change.
Question 1: Identify your company
Question 2: Identify the change in operation (i.e. reduced hours of operation, closing store, reduced staff, etc)
Question 3: Identify the costs and revenues affected by the change.
Question 4: Identify the cost behavior and type: variable, fixed, mixed, sunk, incremental, etc.
Question 5: Describe the likely analyses that likely resulted in the change in operations.
Question 6: Describe the financial consequences of the changes. Utilize sensitivity analysis to show results at various levels of activity or at various operating modalities.
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How much was overhead under or overapplied for each product
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What is the auditor liability for losses suffered
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Describe the costing system and comment on effectiveness
: Identify the direct costs of production. In your current or prospective job/occupation describe the costing system and comment on its effectiveness.
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Identify the costs and revenues affected by the change
: Identify the change in operation (i.e. reduced hours of operation, closing store, reduced staff, etc). Identify the costs and revenues affected by the change.
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Calculate the net present value NPV
: The investment is estimated to save for $40,000 in labor cost and body. Calculate the net present value NPV for the proposed investment
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Construct a balance sheet for the data
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How would the journal entry reflect performed services
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Discuss at least one law or legal principle
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