Job costing is the summation of all the production costs

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Reference no: EM132403672

Subject - Accounting for Leaders

Read the below paragraph and write the response. Include any examples.

Job costing is the summation of all the production costs that are in the organization. An example of the production cost is the American wood mark corporation and in order to determine the price of certain furniture there was the need to account for using the job costing system. The cost of a certain furniture is used for the purposes of remodeling.it is also important to record the costs of the labor in a time sheet and after that transferred to a cost sheet. Any kind of wood that is used should be charged the production job of that particular piece of wood. It is important to have this information because these information helps to determine the price that a particular piece of furniture is actually going to be charged in accordance to the materials that are used and the labor that have been done. Using the job costing system is important because it helps a certain company to determine the profits of the company.
Process costing is another type of costing. The process costing involves the accumulation of costs of the production process.an example is when one is producing gallons of oils, one would require gasoline and labor and these should be added up to a cost account and then divided by the total number of units that have actually been produced.

Subject - Cyber Security Management

Read the below paragraph and write the response. Include any examples.

When it comes to any discussion involving cloud computing, security comes first. There requires to be a wider knowledge of safety technologies and hazards in cloud environment especially in a public cloud environment. locating data in a setting that is out of your management and its control is within the management of a third-party cloud-provider could be a major vulnerability. If the server is ambushed or jeopardized it can affect all of the IT reserves and definitely everything past that may be relying on those IT resources. With a compromised server data could be wrongly be accessed by unauthorized users who can abuse the data or attempt to use it for malicious actions (Stuart, A. 2013). Additionally, data deletion in a concern since the data is spread over a number of storage devices and organizations may not be able to verify their data was securely deleted and the remaining data is not available to attackers.

Subject - Strategic Management

Read the below paragraph and write the response. Include any examples.
Bridgestone Corporation is a tire company with its HQ in Japan since 1931. Bridgestone Company is the biggest manufacturer in Japan thanks to its product development, manufacturing, and sales strategy. In 1988, Bridgestone increased his international power and presence by acquiring Firestone, transforming the company into one of the world's largest tire and rubber company.

A Vertically integrated strategy is a strategy that allows a company to operates at more than one level of the distribution channel, including the development, manufacturing, sales.

The biggest benefit of a vertically integrated strategy is reducing costs by improving the supply chain.

However, there are some liabilities with Bridgestone's vertical integration strategy like the capacity of balancing issues, environmental issues, and regulatory issues.

Reference no: EM132403672

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