User Account

All Pages

Job costing value

Assignment Help Operation Management
Reference no: EM132741751

Discussion- Job Costing Value

You seemed to develop significant interest with your talk on the future of cost accounting. Your boss has heard about the excellent presentation and you are hopeful that your early retirement will take place.

A call for help has come in and with new hope you rise to answer the bell. Harmony Organs has found that their profits have shrunk. They manufacture and install pipe organs world-wide. They have many parts that are custom made for each instrument. In addition, a major part of the expenses are for packing, shipping and installation.

Norma Faye Raye, the daughter of the CFO, Linda Kaye Raye was in your presentation and came downstairs after the online club meeting excited about activity-based costing (ABC). Linda Kaye thinks that this could be a key change to get costs under control.

You are requested to elaborate on the value that job costing would bring to the company. The top managers have always wanted to see the profitability of each contract for the jobs they take. Discuss the advantages and benefits of job costing. Explain how job costing works. Include how job costing handles direct and indirect costs?

In addition to the above, introduce the company to activity-based costing. Explain how activity-based costing is different from job costing. Give examples of each costing approach and how they can be applied to different industries. Use the Argosy online library to locate at least one resource that will support your answer.

Reference no: EM132741751

Questions Cloud

Software needed to restore operations of small business : Develop a list of the software needed to restore operations of the small business.
Which provisions for profit and loss distribution are intend : Which provisions for profit and loss distribution are intended to compensate for the difference in the timing and amount of capital contributions, except
Compute the partnership records goodwill : A and B share partnership profits 70%, 30%, respectively. C paid the money to the partnership for a 40% interest. Compute the partnership records goodwill
Which not shown in income statement of a merchandising : The total purchases made for the current period. Merchandise in transit belongs to the buyer if the term of shipment is FOB destination.
Job costing value : You seemed to develop significant interest with your talk on the future of cost accounting.
Difference between financial and management accounting : What is the difference between Financial and Management Accounting? How many inventories are needed in Management Accounting? Why?
Which control device that ensures the balance : Which control device that ensures the balance between total debits and total credits thus, helping minimize and localize accounting errors is known as
Record the entry for estimated bad debts : The Allowance for Doubtful Accounts has a $1,990 credit balance before the adjustment. Record the entry for estimated bad debts
Prepare all the journal entries upon termination : A, B and C enter into a joint arrangement classified as joint operations. C is the appointed manager of the operations. The transactions of the business.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd