04 May Cost Management Systems/Probability And Distributions
Assignment Details
Cost behavior and cost classifications are key components to efficiently utilizing managerial accounting techniques. In order to make decisions, accountants and managers must be able to correctly identify and classify each cost associated with a given product or service.
Using your personal knowledge or the internet to select a product or service. The product or service does not have to be an actual product or service – it can be completely fictional. For the selected product or service, identify at least 5 costs involved with the product or service and complete the following questions.
- Classify each cost as direct or indirect.
- Identify the cost behavior as either variable, fixed or mixed.
- Provide a brief (2 or 3 sentences) on the relationship of these costs.
Please note you will need to make some assumptions about the product or service. Internal product information is generally not available to the public so you will need to make some educated guesses about what may be required.
Here is an example to help get you started:
Product: toothbrush
Costs:
- Plastic for handle (direct materials, variable)
- Material for bristles (direct materials, variable)
- Plant electricity to run equipment (indirect, fixed)
- Labor to assemble each toothbrush (direct labor, variable)
- Glue/Adhesive to hold bristles (indirect, variable)
Relationship: As the number of toothbrushes made increases, the direct materials and direct labor will also increase to meet the demand. Electricity is required to operate other aspects in addition to the equipment so this a shared cost across all functions. Electricity is necessary cost for all operations and not solely for the production of toothbrushes.
Please submit your assignment. Assignment Details
This discussion has 2 parts:
- Looking at probability in research; which do you believe is the best approach between classical, empirical, or subjective? Explain.
- When working with research, would you rather use conditional or joint probability? Explain.
Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.