Manual for product costing

Assignment Help Managerial Accounting

Reference no: EM1349240

Deliverable Length: 300 - 400 words

Details: As the management accountant, you are responsible for setting costs for your manufacturing company's products, prior to setting the budget for the upcoming year. You meet with your junior accountants to discuss the importance of this whole process and how exactly your team will cost each of these products.

As a result of the meeting, you write a procedure manual that the junior accountants can keep on their desk for future reference.

Create a manual titled Product Costing: Why and How in outline form with the following sections:

Why accurate product costing is important.

How to set establish product costs:

Direct labor content

Direct material content

Overhead content/unit (make specific mention of the importance of picking the correct target volume)

How using contribution margin analysis can make product costing easier.

https://campus.ctuonline.edu/courses/ACC350/p2/hub1/hub.html

Reference no: EM1349240

Questions Cloud

Elucidate what is meant by the paradox of mercantilism : Elucidate what is meant by the paradox of mercantilism. Explain how was this reflected in mercantilist wage and population policies.

Define environmental psychology : Define environmental psychology. Discuss an important milestone or influence in the development of environmental psychology and provide reasoning as to why you chose this one.

What is the approximate net force of the system : find the final temperature when 1000 g of water at 20 celcius in a 125 g copper calorimeter is mixed with 50g of steam originally at 153 celcius.

Briefly describe an organizational change : From your own professional experience or current events, briefly explain an organizational change In your description, explain why the change fits the particular category.

Manual for product costing : As the management accountant, you are responsible for setting costs for your manufacturing company's products, prior to setting the budget for the upcoming year.

Compute two ways that companies can recruit qualified job : Compute two ways that companies can recruit qualified job applicants and Determine which method may be most effective and predict how it could benefit the company when hiring new employees.

Advertising and target marketing : Think about some recent advertisements you have seen on television or in magazines. Can you think of examples of ads that targeted different kinds of attitudes?

Describe about change management : how can we convey the importance and significance of change and avoid resistance as we attempt to do so

Advantages and disadvantages of implementing dfs : Explain advantages and disadvantages of implementing a DFS for this size of company, along with a recommendation for or against, and why.

User Account

All Pages