Question;Week 1 discussions;Cost Terms, Classifications, and;Behavior (graded);Welcome to our Week 1 Discussions!;To get us started, let's consider the following questions.;1) Would a traditional income statement differ depending on whether the;business is a service organization, merchandiser, or manufacturer?;2) Could we use managerial accounting tools to assess the profitability;of an organization other than a manufacturing business, or are the topics that;we are learning only related to manufacturing?;3) If we could use these concepts in service and/or merchandising;businesses, how would we go about doing so?;Let's start with the first question.;Research and Application (graded);Go to page 130, Case 3-30, Ethics;and the Manager. Let?s discuss the questions, make value-added comments;points, and share personal experiences of unethical situations.;Week 2 discussions;Job Order and Process Costing Systems;(graded);Welcome to our Week 2 Discussions! Let's begin by;discussing when job order costing systems would be more appropriate than a;process costing system.;Research and Application (graded);Go to page 166 and read Case 4-19;Ethics and the Manager: Understanding the Impact of Percentage Completion on;Profit. Let?s address the questions, provide reasons for our answers, share;relevant personal experiences, and provide value-added comments, articles, and;related websites. Let?s have a lot of interaction.;Week 3 discussion;Variable Costing and CVP concepts (graded);Welcome to our Week 3 Discussions! To get us;started, let's discuss how CVP analysis is used in managerial accounting;decision-making.;This section lists options that;can be used to view responses.;Research and Application (graded);Below is the link that will take;you directly to the 2004 financial statements of the Benetton Group, followed;by the discussion questions.;Let's answer these questions in the order that they appear.;1. How do the formats of the income statements shown on;pages 33 and 50 of Benetton?s annual report differ from one;another (disregard everything beneath the line titled ?income from;operations?)? Which expenses shown on page 50 appear to have been reclassified;as variable selling costs on page 33?;2. Why do you think cost of sales is included in the computation of;contribution margin on page 33?;3. Perform two separate computations of Benetton?s break-even point in euros.;For the first computation, use data from 2003. For the second computation, use;data from 2004. Why do the numbers that you computed differ from one another?;4. What sales volume would have been necessary in 2004 for Benetton to attain a;target income from operations of ?300 million?;5. Compute Benetton?s margin of safety using data from 2003 and 2004. Why do;your answers for the two years differ from one another?;6. What is Benetton?s degree of operating leverage in 2004? If Benetton?s sales;in 2004 had been 6% higher than what is shown in the annual report, what income;from operations would the company have earned? What percentage increase in;income from operations does this represent?;7. What income from operations would Benetton have earned in 2004 if it had;invested an additional ?10 million in advertising and promotions and realized a;3% increase in sales? As an alternative, what income from operations would;Benetton have earned if it not only invested an additional?10 million in;advertising and promotions but also raised its sales commission rate to 6% of;sales, thereby generating a 5% increase in sales? Which of these two scenarios;would have been preferable for Benetton?;8. Assume that total sales in 2004 remained unchanged at, ?1,686 million (as;shown on pages 33 and 50), however, the Casual sector sales were, ?1,504;million, the Sportswear and Equipment sector sales were ?75 million, and the;Manufacturing and Other sector sales were ?107 million. What income from operations;would Benetton have earned with this sales mix? (Hint: look at pages 36 and 37;of the annual report.) Why is the income from operations under this scenario;different from what is shown in the annual report?;Week 4 discussion;Budgeting Case Study (graded);Let's start the week by reviewing;the following case. First, let's discuss how the budgeting process as employed;by Springfield contributes to the failure to achieve the president's sales and;profit targe;Exam Review (graded);To begin, download the practice;Midterm Exam from Doc Sharing to access questions and topics for review. For;multiple-choice questions, please explain why the answer chosen is correct, and;why the other choices would not be correct. Please support your response. Let's;begin with the questions on Page 1.;Week 5 discussions;Standards, Variances, Flexible Budgets;(graded);To begin, please read Case 10B-5;on page 471, Ethics and the Manager. How were the standard costs developed? Are;the standards set too high or too low? Please elaborate.;Research and Application (graded);Let's look at Case 9-26, Ethics and the Manager, in;Chapter 9, page 414, and address and discuss the question there.;Week 6 discunn;Segment Reporting and Relevant Costs;(graded);To begin, please read Case 12-32 on page 576. Which;costs are relevant in the decision to shut down the Ashton facility? Then;let?s answer the questions at the end of the case. Also, value-added comments;points, and experiences are welcome and encouraged.;This section lists options that;can be used to view responses.;Research and Application (graded);To begin, please read Problem;11-22 on page 505 of the e-book and let's discuss the first question!;Value-added comments, points, and experiences are also welcomed and encouraged.;Week 7 discussion;Capital Budgeting (graded);Welcome to Week 7 Discussions!;Let's begin by discussing the difference between capital budgeting;screening decisions and capital budgeting preference decisions. Then, we;will entertain additional questions relating to important capital budgeting;terms, concepts, tools, methods, etc.;Value-added, comments, points, observations, and experiences are welcomed and;encouraged.;Exam Review (graded);To begin, download the Practice;Final Exam from Doc Sharing to access questions and topics for review. For;multiple-choice questions, please explain why the answer chosen is correct and;why the other choices would not be correct. Please support your response. Let's;begin with the questions on page 1.
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