Get help for Argosy-University B 6021 Homework Help. Next, share your ideas, observations, and experiences regarding managerial accounting. · Have you worked in the managerial accounting area before? If yes, what was the work like? · What has caused you to learn more about managerial accounting? · What do you hope to gain from this course? Beginning by the due date assigned, post your responses to the Discussion Area. Continue to get to know your fellow classmates and contribute to our discussion on managerial accounting through the end of the module. Write your initial response in 300-500 words. · Read your peers’ answers. · Respond to feedback on your posting and provide feedback to other students on their ideas. When companies accumulate costs, they generally use either a job-order or a process costing system. The type of system used often varies based on the type of product or service provided. Using the module readings, Argosy University online library resources, and the Internet, locate an article on how a company utilized a cost accumulation system. · Identify and describe the type of cost accumulation system that was used. · Explain how the system was used and, specifically, how overhead was allocated.
· Discuss how the use of cost accumulation enhanced the company’s operations. By the due date assigned, post your response to the Discussion Area. Throughthe end of the module, review and comment on at least two peers’ responses. Write your initial response in 300-500 words. · Read your peers’ answers. · Respond to feedback on your posting and provide feedback to other students on their ideas. Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. 156,800. There was no finished-goods inventory on this date. Finlon applies manufacturing overhead to production on the basis of direct-labor cost. Job no. 2077 was completed in January 2002, and there was no work in process at year-end. 85,000. The company charges any under- or over-applied overhead to the cost of goods sold category. · Calculate the company’s predetermined overhead application rate. · Calculate the additions to the work-in-process inventory account for the direct material used, direct labor, and manufacturing overhead. · Calculate the finished-goods inventory for the 12/31/02 balance sheet.
· Calculate the over-applied or under-applied overhead at year-end. · Explain if it is appropriate to include selling and administrative expenses in the cost of goods sold category. Perform your calculations in an Excel spreadsheet and copy the calculations into a Word document. Write a 1-page paper in Word format. Apply APA standards to citation of sources. Activity-based costing is one of the most accurate methods that can be used to allocate overhead. However, it is not often used in many smaller organizations due to the substantial cost involved with its implementation. Using the module readings and the Argosy University online library resources, research the activity-based costing method. Use your research and/or your experiences as a working professional to complete this assignment. · If you have utilized an activity-based costing system in your former or current employment, describe how this system had been used. In your response, be sure to include your experience and position on the effectiveness of the activity-based costing system.
Support your ideas by drawing on your readings and scholarly articles. · If you have not encountered this type of system in your work experience, assume a company needs to switch to an ABC system. Describe the common cost drivers that could be used. · How would the organization identify the cost drivers? · How would the organization use them in the implementation of this system? You may use your former or current company for the analysis. By the due date assigned, post your response to the Discussion Area. Throughthe end of the module, review and comment on at least two peers’ responses. Write your initial response in 300-500 words. · Read your peers’ answers. · Respond to feedback on your posting and provide feedback to other students on their ideas. Borealis Manufacturing has just completed a major change in its quality control (QC) process. Previously, products had been reviewed by QC inspectors at the end of each major process, and the company’s 10 QC inspectors were charged to the operation or job as direct labor. 250,000. The system consists of a minicomputer, fifteen video cameras, and other peripheral hardware and software.