ACC561 ACC/561 DQs Week 3 - 19486

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1.Select a costing method: process, job, or activity based. Describe the nature of your chosen method. What types of organizations should choose that method? How is this method different from the costing methods you did not choose? Use your selected costing method to create a real-life business management scenario that includes realistic numbers. What management decisions may one make based on your scenario?

2.Pick a topic or concept from this week’s reading that you find interesting.  Define the concept or topic and explain what you find interesting about this topic.  In your discussion, discuss why it is relevant to this class and the accounting field overall  End your post by including a question to the class.  In the subject line of your post, please indicate what concept you are discussing.  This will allow others to know what has already been discussed so they can choose a different topic.

3.Suppose you are the manager of a widget-production company. The company’s two support departments, Purchasing and Human Resources, are currently allocated amongst its three manufacturing departments: Laminating, Fabricating, and Assembling. Currently, the support department’s costs are divided equally among the three manufacturing departments. The company has conducted an analysis using the number of employees in the manufacturing departments as the activity driver. The results of the analysis indicate Fabricating would receive 50% of the total costs of Purchasing and Human Resources, Laminating would receive 30%, and Assembling would receive 20%. As a manager, would you suggest the firm adopt the new activity-driven allocations or retain the current allocation method? Choose a method of allocation and provide your rationale. Identify at least two additional cost drivers that could be used to allocate the costs of the two support departments and explain the rationale you used to select the additional cost drivers.

4.Describe the small business idea that you presented in the Week 2 paper. What type of costing system would you use for the company you selected? Why did you pick this costing system and how would you implement it?

Solution Description

1.Select a costing method: process, job, or activity based. Describe the nature of your chosen method. What types of organizations should choose that method? How is this method different from the costing methods you did not choose? Use your selected costing method to create a real-life business management scenario that includes realistic numbers. What management decisions may one make based on y

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