Essays on Cost Accounting

a) Requirements for the different types of management accounting Bhattacharyya (2011, p.1) defines management accounting as a branch of accounting that deals with presenting and providing accounting information to the management in order to facilitate its operations effectively and efficiently. Woodruff (2018) identifies three variants of management...

Considering the regression equation below; R2=0.55 n=26 F=4.88 Solutions QD=-5200-42P+20PX+5.2I+0.20A+0.25M (2.002)(17.5)(6.2)(2.5)(0.09)(0.21) QD=-5200-42P+20PX+5.2I+0.20A+0.25M Moreover, Q=3, P=500cts, PX=600cts, I=$5500, A=$10000, M=5000. QD = -5200-42 (500cts) +20 (600cts) +5.2 ($5500) +0.20 ($10000) =17650 Each independent variable's elasticity is computed as follows: Elasticity = (change in quantity per unit change in independent variable price) (price/quantity) As a result, the elasticity for...

CJ Industries and Heavey Pumps CJ Industries is a manufacturing plant that manufactures and supplies boat engine parts. Throughout these processes, Heavey Pumps bilge pumps are always used. Great Lakes Pleasure Boats awarded a $10 million annual contract in October 2007. The arrangement represents a fantastic potential for CJ Industries, as...

JK's Weekly Budget and Grocery List JK's acceptable anticipated weekly budget is $54, which is pretty manageable. She will buy a can of spinach, white rice, brown rice, dry Pinto beans, peanuts, tinned beets, olive oil, popcorn, olive oil, salt, and drinking water for seven days. Fresh milk, green tea leaves,...

Friedman's Overstatement of the Benefits of Flattening Friedman appears to overstate the benefits of this flattening for the people. Friedman becomes callous to the individuals who suffer despite the fact that the world has flattened by claiming that flattening has leveled the global competitive field. In his thesis, Friedman emphasizes on...

NPV NPV can be computed by subtracting the PV of cash outflows from the PV of cash inflows. The idea is to compare the current value of money to the future value of an equivalent amount of money while accounting for the economy's inflation rate. NPV is used by investors to...

Offshoring is the practice of moving business operations (such as manufacturing and accounting) to another nation (Kahai, Sara, & Kahai,2011). However with outsourcing, a business can cut costs by shifting some of the work to outside vendors rather than finishing it in-house. It is a genuine cost-saving measure. Comparatively, Sub-contracting...

The cost of quality is one of the cost elements to consider when adopting a lean process improvement. It entails distinguishing between regular and unnecessary costs. The quality costs principle operates in terms of the cost of control and the cost of incapacity to control, which includes preventative costs and...

The following are the operational costs for this research. The average daily wage for a national researcher will be $85. A reasonable daily rate for a researcher will be $3. Botswana, the new market, uses the Pula as its official currency. A Botswana Pula is worth 0.094 US dollars (Paul...

The Growth and Opportunity Party's (GOP) tax plan has recently received extensive media notice, with its potential ramifications being incessantly debated. Public attitude on the tax proposal is diverse with many individuals thinking that its fast passage has resulted to restricted participation and scrutiny. The bipartisan Congressional Budget Office has...

The Weighted Average Cost of Capital Methodology The weighted average cost of capital methodology does not surprise me because calculating the cost of debt is rather simple. In this situation, the market rate is utilized to calculate the current cost of the company's debt. However, if the firm's rate differs from...

Tuition at the State University is currently $11,000 a year and is expected to rise by 7% every year. Beth has 6 years till she starts college because she is presently 12 years old. The account earns 4% interest per year, compounded. Mary has agreed to pay half of the school...