Accounting Assignment Questions
We prepared a huge article with a list of questions for accounting assignments that might be useful for you, if you need to get more, you visit the website. https://www.accountingassignmenthelp.net/
We prepared a huge article with a list of questions for accounting assignments that might be useful for you, if you need to get more, you visit the website. https://www.accountingassignmenthelp.net/
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Managerial <strong>Accounting</strong> <strong>Assignment</strong><br />
<strong>Questions</strong><br />
1. What is the competitive environment at Gibson? What actions has the<br />
company undertaken in response? What strategic issues do contemplated<br />
actions raise?<br />
2. In order for it to be practical to undertake the redesign of a company's<br />
cost accounting system, there are two general requirements. What are they<br />
and how well does Gibson meet these criteria? Explain.<br />
3. Consider the CURRENT cost accounting system at Gibson which allocates<br />
support costs based on a flat rate of $82.25 per policy. What is one<br />
advantage and one disadvantage of the current system? Show & explain.<br />
4. What are the total costs allocated to the three business units (Midwest,<br />
Gibson, Compton)?<br />
5. The three basic types of manufacturing cost are direct materials, direct<br />
labor, and manufacturing overhead. True of false?<br />
6. As companies become more automated overhead costs increase and direct<br />
labor costs decrease. True or false?<br />
7. An increase in an activity base must cause an increase in actual overhead<br />
costs incurred for that base to be considered a cost driver. True or false?<br />
8. Is it true that a company may choose to use process costing or job costing<br />
but never both simultaneously?<br />
9. A process cost system is highly desirable when a company is producing the<br />
mass produced, identical goods. True or false?<br />
10. The salary of the vice president of finance would be considered a(n):<br />
A) manufacturing cost.<br />
B) product cost.<br />
C) administrative cost.<br />
D) selling expense.<br />
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