Joint Product and By-Product Costing Q1: What is a joint process, and what is the difference between a by product and a main product? Q2: How are joint costs allocated? Q3: What factors are considered in choosing a joint cost allocation method? Q4: What information is relevant for deciding whether to process a joint product […]
Category Archives: Accounting
Why do companies use the allowance method to account for bad debts?
Assignment Question(s): (Marks15) Q1. Suppose you are an auditor who has been tasked with looking into the internal controls at a company. How can you evaluate the company’s internal controls to see if they are sufficient? (5Marks) Q2. Why do companies use the allowance method to account for bad debts? Describe the diverse methods used […]
Provide a numerical example of special-order decisions and make or buy decisions and explain how these decisions are backed by quantitative and qualitative considerations.
Q1 Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used in manufacturing by providing a numerical example. Q2 Provide a numerical example of special-order decisions and make or buy decisions and explain how these decisions are backed by quantitative and qualitative considerations.
What do the terms debit and credit mean in accounting-What is your opinion?
Analyzing and Recording Transactions Why do we have accounting rules? What is your opinion? Use your research skills, google, and chapter 3 of your online textbook to answer the following question. What do the terms debit and credit mean in accounting? What is your opinion? What is a journal in accounting? What is your opinion? […]
How does job costing information affect managers’ incentives and decisions?
Job Costing Q1:How are costs assigned to customized goods and services? Q2: How is overhead allocated to individual jobs? Q3: How does job costing information affect managers’ incentives and decisions? Q4: How are spoilage, rework, and scrap handled in job costing? Q5: What are the quality and behavioral implications of spoilage?
What additional qualitative issues, in this case of a capacity constraint,might Robot Bits consider before finalizing its decision?
Special Order Decisions and Capacity Issues Suppose instead that the capacity of Robot Bits is 100,000 units and projected sales to regular customers this year total 94,000 units. Does the quantitative analysis suggest that the company should accept the special order? What additional qualitative issues, in this case of a capacity constraint,might Robot Bits consider […]
What are some of the most critical health concerns we face in the 21st century, and why?
What are some of the most critical health concerns we face in the 21st century, and why? Must be typed out (handwritten answers will be rejected and result in an immediate decline of your application)
Differentiate with suitable examples the traditional costing systems and activity-based costing.
Assignment Question(s): (Marks 15) Q1. Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used in manufacturing by providing a numerical example. (3 Marks) Q2. RCR has two support departments, X1 and X2, and two operating departments, Z1 and Z2. RCR has decided to use the direct method and allocate […]
Do you think the same concepts, such as variable costs, fixed costs, mixed costs, and job order costing, can also be applied to the service industry? Why or why not?
Many of the concepts in managerial accounting were first developed for the manufacturing environment. Do you think the same concepts, such as variable costs, fixed costs, mixed costs, and job order costing, can also be applied to the service industry? Why or why not? Focus on a particular service or service industry and illustrate your […]
How would a Christian worldview impact you if you chose a career as an auditor?
Faith and ethics Assessment Description After reading the “Statement on the Integration of Faith and Work” in the Topic 2 Resources, in a 750-1,000 word paper, address the following questions: Adhering to ethical standards is necessary in the field of auditing. How would a Christian worldview impact you if you chose a career as an […]
