Managerial Accounting ACCT 640
Week 1 Discussion
You learned about job order costing and activity-based costing. Each method deals with manufacturing overhead in a different way. There are various implications with how costing is done. The following items will help stretch your thinking a bit.
- Why should an employee have some understanding of costing if they are not in the accounting department?
- Explain how the method of costing used will impact the company with: (A) the quoting of customer jobs and (B) gross margin/profit on the Income statement.
This question will help the students to understand why they need to study accounting. Question responses should be a minimum of 250 words, with a goal of 500 words with at least 1 outside, academic strength source. A response to at least two of your classmates is required.