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Devry ACCT 244 All Discussions Latest Devry ACCT 244 Week 1 Discussions Latest DQ1
Ethics in Cost Accounting (graded) Jason is a staff accountant for a large company that does a lot of work with the Defense Department. He has just discovered that overhead costs for some of the company’s private customers has been incorrectly charged to government contracts. It appears that several people on the management team have knowledge, and may have assisted, in the over-charging of costs to these contracts, although he is not sure if the controller was involved. What are his ethical responsibilities and choices? DQ2
Cost Accounting and Decision Making (graded) You are considering lending a car to a friend so that he can drive to New Orleans. What costs would you ask him to reimburse? How would your answer change if you decided to go along? Identify the possible options, and explain your choices. Devry ACCT 244 Week 2 Discussions Latest DQ1
Cost Behavior (graded)
In evaluating product profitability, we can ignore marketing costs because they are not considered product costs. Do you agree with the previous statement? DQ2
CVP Analysis (graded) I am going to work for a nonprofit organization. Because there are no profits, I will not be able to apply any CVP analysis to my work. Do you agree with the previous statement? Why or why not? Devry ACCT 244 Week 3 Discussions Latest DQ1
Cost Analysis for Decision Making (graded) One of your coworkers notes, “This whole subject of differential costing is easy; variable costs are the only costs that are relevant.” How would you respond? DQ2
Cost Estimation Methods (graded) Is there one cost estimation method that is the best to use? What problems can occur with cost estimations? Devry ACCT 244 Week 4 Discussions Latest DQ1
Product Costs (graded)
Refer to the data in Exercise 6-34 on page 227. The president of Tiger Furnishing is confused about the differences in costs that result from using direct labor costs and machine hours. Why are the two product costs different? Which method would you recommend to the president, and why? DQ2
Cost Allocation (graded) Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs that we know are direct. Do you agree with the previous statement? Support your answer. Devry ACCT 244 Week 5 Discussions Latest DQ1
Job Costing (graded) Worrying about the choice of an overhead allocation base is a waste of time. In the end, all of the overhead is charged to production. Do you agree with the previous statement? Why or why not? DQ2
Process Costing (graded) The more important individual unit costs are for decision making, the more likely it is that process costing will be preferred to job costing. Do you agree with the previous statement? Why or why not? Devry ACCT 244 Week 6 Discussions Latest DQ1
Activity-Based Costing (graded) Sam and Dave own a small manufacturing company that makes all types of hunting gear – from decoys to garments. Sam is concerned that the products are not being charged the correct amount of overhead, so he suggests that they use ABC for allocating overhead. Dave thinks they are too small of a business to use ABC, and it will cost more than it is worth. How would you advise Sam and Dave? DQ2
Costing Ethics (graded) Springfield Corporation is contemplating introducing an ABC system next year. Some of the product managers have heard that ABC will cause their products to appear to cost more to manufacture and are fighting the change. Is it ethical for the managers to fight the switch? Devry ACCT 244 Week 7 Discussions Latest DQ1
Planning and Control (graded) What is the difference between the planning and control functions of the budget? What problems do these differences create? DQ2
Ethics in Budgeting (graded) In what ways does the budgeting process create incentives for unethical behavior?
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