Case Study Acc2-Cost Accounting And Decision Making

Please accept my letter and resume as application for the position of Accounting-Cost Analyst. I offer an energetic spirit, excellent interpersonal communication skills, the ability to learn new skills quickly, and a desire to excel in a business environment. I have a strong interest in acquiring business management skills while working with professionals to meet operational goals. As a Business Administration graduate with a concentration in Finance, I have a stronger interest in financial management and an eagerness to work alongside a skilled team that meets financial objectives. I will begin a Master of Science in Information Systems & Assurance in Fall 15 with a focus on Data Analytics. My career goal is to become an Analyst for a reputable

John Anderson is in a fiduciary relationship with International Widgets, because the company has entrusted him to carry out his duties in an ethical way. International Widget trusted John with clients’ information. But John broken that trust and violated the company’s code of ethics therefore should be terminated and legal actions should be taken against him for lost of business.

A problem faced by a Restaurateur (Joe) as revealed by his Accountant-Efficiency Expert (Eff. Ex.)

Would factory security and assembly activities be best classified at an appliance manufacturing plant as unit-level, batch-level, product-level, or organization-sustaining?

The managerial accounting system at Bridgeton, as it is presented, seems to be lacking detail necessary for efficient analysis. The sections used are sales, direct material, direct labor and overhead by account number, each divided into individual accounts and summed to find totals. There is no separation of fixed and variable costs in any of the accounts, making it difficult to analyze exactly where operations are costing money and, therefore, how they could possibly be improved. The presentation of the information groups all sales together and the different categories of costs together and does not provide for individual product analysis. The products are analyzed (categorized into classes) based on their costs, with no consideration

Ignoring revenue cut-off problem leads to conflicts in ethical and professional. This conflicts with fundamental ethical principles, such as integrity, objectivity and professional behavior. In the integrity aspect, we should not disclose any untrue financial statements. In the objectivity aspect, our professional judgments should not be influenced by reputation of our audit firm and any potential legal sue. In the professional behavior, we should comply with relevant laws and regulations relating to this revenue cut-off problem.

Sub Micron Devices started its operations in mind 1980s. The company was located in Phoenix, Arizona, and had 400

The firm was faced with limited storage space at their premises and were unable to relocate or rebuild their premises or use Just-In-Time inventory. Therefore storage costs increased; this increased the DMs costs since storage is part of in-transit costs, which are considered part of DMs cost. Thus, the Materials Efficiency Variance calculated as $800 unfavourable.

APES 110 Code of Ethics for Professional Accountants Para 290,146 and 290. 143 considers the threats in this situation to be so significant that no safeguard measure can reduce

Sales: External (1,200,000 x $4) Internal (800,000 x $4) Cost of goods sold: Variable (2,000,000 x $1.74) Fixed (2,000,000 x $0.40) Operating income Sales: External (1,200,000 x $4) Internal (800,000 x $2.14) Cost of goods sold: Variable (2,000,000 x $1.74) Fixed (2,000,000 x $0.40) Operating income

Historical cost can be defined as the original cost of an asset during transaction and recorded in an organization’s accounting record. Generally Accepted Accounting Principles stated that assets and liabilities must be recorded in balance sheet with original cost which is the purchasing cost during that time. The historical cost accounting often used in the condition where prices are constant or change slowly and yet, it does not affect the purchasing power of an item. There is no doubt on balance sheet amount because of the historical cost represented how many amount has been paid or received during the actual transactions. The advantages and disadvantages of historical cost accounting are discussed as below:

It is expensive because analysis, allocation and absorption of overheads require considerable amount of additional work.

Costing Method is an accounting process that assesses itemized input costs of production and fixed costs to determine overall costs of production. (Kucera, n.d.) Competition Bikes is performing this analysis so management can determine the optimum sales units to breakeven from its San Diego plant based on the current sales mix of 9 Titanium bicycles for every 5 CarbonLite bicycles produced.

According to Burger (2008) “Accounting is the language of business. A lot of people think it 's just numbers, but it 's really a lot more than that. There are a lot of areas outside of numbers that need to be looked at, processes and procedures, what the tone of the company is. Accounting will take you in just about any direction in a company." ~ Wade Becker, CPA, Beard, Miller Co.

This paper covers the implementation of three investment appraisal methods. Initially, importance of investment appraisal has been analyzed. Secondly, calculations have been done for