Cost Accounting

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For this assignment, you will decide what type of budget to implement for a start-up company.  

Write a 3 page paper in which you:

·         Summarize the type of manufacturing company you plan to start up and determine how you will design the value chain for your manufacturing company.    

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·         Describe the type of budget you plan to implement in your company and outline the budgeting review steps necessary to ensure that your company reaches the financial forecast.

·         Select at least four specific benchmarks you will utilize in your company. Explain the benchmarks selected and their benefits to your company.

·         Explain the type of cost system you plan to implement in your company and identify any major challenges in implementing your cost system. Suggest a way to overcome the identified challenges. 

 

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Cost Accounting

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Compare and contrast Job Order Costing and Process Costing giving specific details as to the flow of costs for direct materials, direct labor and manufacturing overhead.

Support your rationale with examples and provide one academic resource.

 

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Cost Accounting

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Use only 150 words each

 

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Explain how managerial accounting differs from financial accounting and discuss two questions that might be answered using managerial accounting reports.

Support your rationale with examples and provide one academic resource.

 

 

 

Explain the unique types of manufacturing cost categories and how each is used to predict cost behaviors related to variable and fixed costs.

Support your rationale with examples and provide one academic resource.

 

 

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Cost Accounting

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Cost Accounting

Week 2: The Role of Accounting Information in Management Decision Making

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Week 3: The Cost Function

Week 4: Cost – Volume – Profit Analysis

Instructions:

· Students must include these details (Name, Student ID, CRN, Date of submission)

· Do NOT remove the questions in the answer papers. But write your answers below each question.

· Answer the ALL questions.

· Assignments should be submitted in MS Word format

· Font should be Times New Roman with 14 points.

· You are required to work in this assignment individually.

· You should submit the assignment via the Blackboard.

· Students who submit assignments after deadline, will get ZERO.

· If you engaged in plagiarism, you will get ZERO marks in the assignment or course.

Q1. How can managers make higher-quality decisions? Give an example of decision made by one company and discuss how the mangers will make high quality decision? (3 Points)

Q2. Give a numerical example of cost function and analyze this cost function? Discuss how is this cost function used in decision making? (3 Points)

Q3. Find a numerical example of cost-volume-profit (CVP) analysis, and analyze how CVP analysis is used for decision making? (4 Points)

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