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ACC349 Cost Accounting WEEK 4 DQs__ 2 SETS OF ANSWER

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ACC349 Cost Accounting WEEK 4 DQs__ 2 SETS OF ANSWER

Let’s discuss some of the advantages and disadvantages of standard costs.  How do you or your manager determine what the standard costs should be?

  • I am using this entire discussion to assist you in studying for the Final Exam.  If you actively participate in this thread, it will be a great reference and study tool.  All substantive postings will count towards your weekly participation.

    Here are the rules – please follow them to keep this thread easy to read and reference back to.

    I will post a question – with the reference in the subject line.  I will be posting a new question/topic every day.  You are NOT required to post to every question for this discussion.  So, in your response be sure to reply to the correct question so the topics will stay together.

    If there is any topic that you would like to discuss further, please email me and I will include as one of the discussions.

We discussed managerial accounting during week 1.  Let’s work a refresher exercise E1-1 and see how much you remember

 

  • When should variances be investigated?