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Discussion Questions: Managerial Accounting: Tools for Business Decision Making
Question 1: What are value-added processes? How do you determine if a process adds value? How does identification of value-added processes help a company run more efficiently and effectively? (answers must be 125-135 words).
Question 2: What are cost drivers? How do cost drivers relate to cost pools? What are some cost pools? Name two or three different cost drivers for each of these cost pools. (answers must be 125- 135 words).
Question 3: What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method? (must be 125-135 words)
Journalize the entries to correct the errors - The purchase of supplies of $2,690 on account was recorded as a debit to Office Equipment and a credit to Supplies.
How can a company reduce its cash conversion cycle? What are some of the disadvantages (at least 3) of the payback rule in capital budgeting?
Critically review the above. Do you agree, partly agree or disagree with the issues raised in the above? Discuss your reason (s) for doing so. You need to support your viewpoint with carefully chosen and authoritative evidence.
What is the unit product cost for the month under absorption costing and prepare a contribution format income statement for the month using variable costing.
Analyze the underlying causes for the creation of the Sarbanes-Oxley Act to determine which played the most significant role in the creation of the act. Explain your rationale.
Group the costs of manufacturing candles. Indicate whether each of the following items should be classified as direct materials (DM), direct labor (DL), overhead (O), or none of these (N). Also indicate whether each is a prime cost (PC), a convers..
saven travel corporation is considering several investment opportunities in order to diversify its operations. mr.
Do you think that the tax minimization scheme described to Debbie Kishimoto is in harmony with the ethical behavior that should be displayed by top corporate executives? Why or why not? What would you do if you were Debbie?
Jennifer Brent leases the equipment to Havaci Inc. for one year with one rental payment of $15,000 on January 1. Prepare Jennifer Brent Corporation's 2008 journal entries.
Shows that operating gearing is much higher in Air NZ than The Warehouse. Note also that the turnover of Air NZ is almost three times that of The Warehouse.
Four Oaks Miniature Golf and Driving Range Inc. was opened on March 1 by Tiger Woodley. These selected events and transactions occurred during March - Journalize the March transactions including explanations
Read Using Shareholder Value to Evaluate Strategic Choices - The basic principle of the article is that performance evaluation based on accounting measures alone is not sufficient.
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