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Assignment 8 Signature Assignment: The Role of a Managerial Accountant - Northcentral University

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Question;Assignment 8 Signature Assignment: The Role of a Managerial AccountantDuring this course, you studied and researched the cost of goods manufactured schedule, cost accumulation systems, Just-in-Time manufacturing, standard costs, target costing, absorption costing and variable costing. Use the case scenario provided in the Main Task below to assess how you may apply these concepts to the role of a managerial accountant.Activity ResourcesReview: Hilton, R. W. (2011)., all previously assigned chapters as necessaryVance, T. W. (2010).Main Task: Define the Role of the Managerial AccountantScenario:A manufacturer of containers in Georgia, ACME Enterprises, has an opportunity to build a state-of-the art plant in China. A Chinese partner will provide 40% of the funding in exchange for a 40% ownership in the project if ACME will install a world class cost accounting system. Currently, ACME uses an antiquated normal costing system based on the job order method. Overhead costs are assigned to jobs based on one plant-wide rate that uses direct labor hours as the cost driver to assign factory overhead costs to job orders.The CEO, Bob Bulldog, needs some advice about how to structure the business a recommendation on how to implement a world-class managerial accounting and reporting system. Prepare a paper to address Mr. Bulldog?s concerns, providing specific examples to illustrate and justify your ideas.Support your paper with a minimum of seven (7) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.Length: 12-15 pages not including title and reference pages and any supporting documentation such as Excel spreadsheetsYour paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

 

Paper#52586 | Written in 18-Jul-2015

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