Questions from Managerial Accounting

Q: Compare a traditional production system with a lean production system. Discuss

Compare a traditional production system with a lean production system. Discuss the similarities and the differences.

Q: It has been said that external failure costs can be catastrophic and

It has been said that external failure costs can be catastrophic and much higher than the other categories. What are some examples of external failure costs? Why is it often difficult to arrive at the...

Q: What are the similarities between sustainability and lean thinking? What are

What are the similarities between sustainability and lean thinking? What are the differences between sustainability and lean thinking?

Q: What skills are required of a management accountant? In what college

What skills are required of a management accountant? In what college courses are these skills taught or developed? What skills would be further developed in the workplace?

Q: What are the four categories of quality-related costs? Name

What are the four categories of quality-related costs? Name a cost in each of the four cat- egories for each of the following types of organizations: a. Restaurant b. Hospital c. Law firm d. Bank...

Q: Using activity-based costing, why are indirect costs allocated while

Using activity-based costing, why are indirect costs allocated while direct costs are not allocated?

Q: A hospital can use activity-based costing (ABC) for

A hospital can use activity-based costing (ABC) for costing its services. In a hospital, what activities might be considered to be value-added activities? What activities at that hospital might be con...

Q: Summarize the production process.

Summarize the production process.

Q: List at least two separate processes that are performed in creating this

List at least two separate processes that are performed in creating this product. What departments would house these processes?

Q: List at least three costs that would be incurred in each of

List at least three costs that would be incurred in each of the six business activities in the value chain.