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.
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:
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:
Your assignment will be graded in accordance with the following criteria. Click to view the grading rubric.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more