Questions from Managerial Accounting


Q: What raw materials are used to make this product?

What raw materials are used to make this product?

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Q: What indirect materials are used to make this product?

What indirect materials are used to make this product?

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Q: Describe the jobs of the workers who would be considered “

Describe the jobs of the workers who would be considered “direct labor” in the making of this product

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Q: Describe the jobs of the workers who would be considered “

Describe the jobs of the workers who would be considered “indirect labor” in the making of this product.

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Q: Would a job-order costing system or a process costing system

Would a job-order costing system or a process costing system be used for this production process? Give specific reasons for your choice of which costing system would be most appropriate for this manuf...

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Q: Why should companies estimate the environmental costs of a given job?

Why should companies estimate the environmental costs of a given job? Why have EPR (extended producer responsibility) laws come into existence?

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Q: Describe at least four advantages of decentralization. Also describe at least

Describe at least four advantages of decentralization. Also describe at least two disadvantages of decentralization.

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Q: For what types of products is job costing appropriate? Why?

For what types of products is job costing appropriate? Why? For what types of products is process costing appropriate? Why?

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Q: When the predetermined manufacturing overhead rate is calculated, why are estimated

When the predetermined manufacturing overhead rate is calculated, why are estimated costs and cost driver levels used instead of actual dollars and amounts?

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Q: Make a list of all other expenses that would be needed to

Make a list of all other expenses that would be needed to create your product. Examples of other expenses would be rent, utilities, and insurance. Estimate the cost of each of these expenses per year....

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