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ACC 207 Cost Accounting

tag 0 Download 9 Pages / 2,133 Words tag 03-07-2021

Question:

Classifying a company’s costs allows for an in-depth analysis of the impact that changes in output have on revenues, costs, and net income or net loss. A costvolume-profit (CVP) analysis will be completed in order to determine the breakeven point. Relevant costs will be used to prepare a flexible budget. Additionally,an appropriate costing system should be selected and the choice should be substantiated with reasonable rationale. Finally, a memo should be prepared formanagement that summarizes the results of the quantitative analysis and makes recommendations for an optimal costing system to be ethically used by key decision makers.

The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, and Five. The quantitative analysis with a memo to management will be submitted in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Utilize cost behavior and cost analysis to assist decision makers in planning and adding value to the business
Prepare a flexible budget for supporting informed managerial decision making
Interpret variances for determining the optimal costing system to fit an organization’s internal accounting needs
Interpret the role of ethics in cost accounting for determining its impact on decision making.
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