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Cost Accounting and Management Decisions

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Cost Accounting and Management Decisions;Assignment 1: Cost Accounting and Management Decisions;Due Week 8 and worth 240 points;Conduct research on a U.S. manufacturing company that produces two (2) or more products.;Write a five to six (5-6) page paper in which you;Describe the company researched, indicating the primary products manufactured.;Examine the effect of changes in the variable cost / fixed cost structure of the company on cost-volume analysis decisions by managers.;Analyze the current cost system used by the company to determine manufacturing costs and examine the benefits of using an activity-based cost system over the traditional system for management decisions.;Compare the company?s sales and cost of sales forecast to the actual sales and costs of sales in the current financial statement. Evaluate strategies management can implement in response to changing conditions affecting budgetary planning and forecasting.;Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.;Your assignment must follow these formatting requirements;Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides, citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.;Include a cover page containing the title of the assignment, the student?s name, the professor?s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.;The specific course learning outcomes associated with this assignment are;Examine the assumptions of cost-volume-profit analysis.;Discuss the allocation of costs to divisions, plants, departments, contracts, and products.;Analyze activity-based costing and activity-based management.;Analyze the advantage of budgeting, the preparation of a master budget, and other forms of planning.;Use technology and information resources to research issues in cost accounting.;Write clearly and concisely about cost accounting using proper writing mechanics.;Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.;Points: 240;Assignment 1:Cost Accounting and Management Decisions;Criteria;Unacceptable;Below 60% F;Meets Minimum Expectations;60-69% D;Fair;70-79% C;Proficient;80-89% B;Exemplary;90-100% A;1. Describe the company researched, indicating the primary products manufactured.;Weight: 20%;Did not submit or incompletely describedthe company researched, indicating the primary products manufactured.;Insufficiently describedthe company researched, indicating the primary products manufactured.;Partially describedthe company researched, indicating the primary products manufactured.;Satisfactorily describedthe company researched, indicating the primary products manufactured.;Thoroughly describedthe company researched, indicating the primary products manufactured.;2. Examine the effect of changes in the variable cost / fixed cost structure of the company on cost-volume analysis decisions by managers.;Weight: 20%;Did not submit or incompletely examinedthe effect of changes in the variable cost / fixed cost structure of the company on cost-volume analysis decisions by managers.;Insufficiently examinedthe effect of changes in the variable cost / fixed cost structure of the company on cost-volume analysis decisions by managers.;Partially examinedthe effect of changes in the variable cost / fixed cost structure of the company on cost-volume analysis decisions by managers.;Satisfactorily examinedthe effect of changes in the variable cost / fixed cost structure of the company on cost-volume analysis decisions by managers.;Thoroughly examinedthe effect of changes in the variable cost / fixed cost structure of the company on cost-volume analysis decisions by managers.;3. Analyze the current cost system used by the company to determine manufacturing costs and examine the benefits of using an activity-based cost system over the traditional system for management decisions.;Weight: 20%;Did not submit or incompletely analyzedthe current cost system used by the company to determine manufacturing costs and did not submit or incompletely examined the benefits of using an activity-based cost system over the traditional system for management decisions.;Insufficiently analyzedthe current cost system used by the company to determine manufacturing costs and insufficiently examined the benefits of using an activity-based cost system over the traditional system for management decisions.;Partially analyzedthe current cost system used by the company to determine manufacturing costs and partially examined the benefits of using an activity-based cost system over the traditional system for management decisions.;Satisfactorily analyzedthe current cost system used by the company to determine manufacturing costs and satisfactorily examined the benefits of using an activity-based cost system over the traditional system for management decisions.;Thoroughly analyzedthe current cost system used by the company to determine manufacturing costs and thoroughly examined the benefits of using an activity-based cost system over the traditional system for management decisions.;4. Compare the company?s sales and cost of sales forecast to the actual sales and costs of sales in the current financial statement. Evaluate strategies management can implement in response to changing conditions affecting budgetary planning and forecasting.;Weight: 25%;Did not submit or incompletely compared the company?s sales and cost of sales forecast to the actual sales and costs of sales in the current financial statement. Did not submit or incompletely evaluated strategies management can implement in response to changing conditions affecting budgetary planning and forecasting.;Insufficiently compared the company?s sales and cost of sales forecast to the actual sales and costs of sales in the current financial statement. Insufficiently evaluated strategies management can implement in response to changing conditions affecting budgetary planning and forecasting.;Partially compared the company?s sales and cost of sales forecast to the actual sales and costs of sales in the current financial statement. Partially evaluated strategies management can implement in response to changing conditions affecting budgetary planning and forecasting.;Satisfactorily compared the company?s sales and cost of sales forecast to the actual sales and costs of sales in the current financial statement. Satisfactorily evaluated strategies management can implement in response to changing conditions affecting budgetary planning and forecasting.;Thoroughly compared the company?s sales and cost of sales forecast to the actual sales and costs of sales in the current financial statement. Thoroughly evaluated strategies management can implement in response to changing conditions affecting budgetary planning and forecasting.;5. 3 references;Weight: 5%;No references provided;Does not meet the required number of references, all references poor quality choices.;Does not meet the required number of references, some references poor quality choices.;Meets number of required references, all references high quality choices.;Exceeds number of required references, all references high quality choices.;6. Clarity, writing mechanics, and formatting requirements;Weight: 10%;More than 8 errors present;7-8 errors present;5-6 errors present;3-4 errors present;0-2 errors present

 

Paper#29197 | Written in 18-Jul-2015

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