Questions from Managerial Accounting

Q: Describe a potential cost driver for each of the variable and mixed

Describe a potential cost driver for each of the variable and mixed costs you listed. Explain why each cost driver would be appropriate for its associated cost.

Q: Suppose a company that makes and sells spaghetti sauce in plastic jars

Suppose a company that makes and sells spaghetti sauce in plastic jars makes a change to its bottle that allows it to use significantly less plastic in each bottle. Describe at least four ways this ch...

Q: Describe the company you selected and the products or services it provides

Describe the company you selected and the products or services it provides.

Q: List ten costs that this company would incur. Include costs from

List ten costs that this company would incur. Include costs from a variety of departments within the company, including human resources, sales, accounting, production (if a manufacturer), service (if...

Q: What costs might a business incur by not adopting paperless services?

What costs might a business incur by not adopting paperless services? Is paperless only profitable to large businesses or is it applicable to small businesses? Explain what factors might be involved i...

Q: How might the principles of sustainability (such as increased efficiency)

How might the principles of sustainability (such as increased efficiency) affect cost behavior overall? Think of an example of a sustainable change in process or material that could impact the cost eq...

Q: Briefly describe an organization with which you are familiar. Describe a

Briefly describe an organization with which you are familiar. Describe a situation when a manager in that organization could use cost behavior information and how the manager could use the information...

Q: How are fixed costs similar to step fixed costs? How are

How are fixed costs similar to step fixed costs? How are fixed costs different from step fixed costs? Give an example of a step fixed cost and describe why that cost is not considered to be a fixed co...

Q: Describe a specific situation when a scatter plot could be useful to

Describe a specific situation when a scatter plot could be useful to a manager.

Q: What are the four ethical standards in the Institute of Management Accountants’

What are the four ethical standards in the Institute of Management Accountants’ Statement of Ethical Professional Practice? Describe the meaning of each of the four standards. How does each of these s...