Questions from Cost Management

Q: Green Acres, Inc., is a large U.S.-

Green Acres, Inc., is a large U.S.-based multinational producer of canned fruits and vegetables. While Green Acres has a reputation of traditionally using only organic suppliers for its fruits and veg...

Q: Occupational fraud is defined by the Association of Certified Fraud Examiners (

Occupational fraud is defined by the Association of Certified Fraud Examiners (ACFE) as “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the empl...

Q: The Ethisphere Institute (http://ethisphere.com), an organization

The Ethisphere Institute (http://ethisphere.com), an organization focused on defining and advancing corporate ethical standards and practices, prepares an annual report which selects the most ethical...

Q: A recent research study investigated whether or not the ethical judgment of

A recent research study investigated whether or not the ethical judgment of an accountant would be affected by the pattern of unethical behavior – gradual, or at a single point in time. Specifically,...

Q: After two Boeing 737 MAX 8 aircraft crashed in October 2018 and

After two Boeing 737 MAX 8 aircraft crashed in October 2018 and March 2019 causing 346 deaths, the plane was grounded worldwide in March 2019. The 737 Max was first entered into service in 2017, promi...

Q: The European Union (EU) is made up of 27 European

The European Union (EU) is made up of 27 European countries that are bound together by trade and political agreements. The broad goal of the EU is to create an economic and political union that will f...

Q: In 1992, the U.S., Mexico and Canada agreed

In 1992, the U.S., Mexico and Canada agreed to enhance trade between the three countries in what is called the North American Free Trade Agreement (NAFTA). The agreement removed tariffs between the co...

Q: Williams Inc. produces florescent light bulbs for commercial use. The

Williams Inc. produces florescent light bulbs for commercial use. The accounting manager is attempting to estimate the total cost for the next quarter using the High-Low method. He has compiled data...

Q: Founded in the UK in 2007, Brew Dog produces a variety

Founded in the UK in 2007, Brew Dog produces a variety of craft beers and has a reputation for provocative marketing. Brew Dog has grown rapidly and in 2017 had 1,500 workers world wide and a $12 mill...

Q: Comparative advantage is the concept in economics that states that two countries

Comparative advantage is the concept in economics that states that two countries will benefit economically if the relative costs of producing two or more goods differs. The concept of Comparative adva...