Homework answers / question archive / Discussion title: Cost Behavior Patterns and Concepts Write 400 words that respond to the following questions with your thoughts, ideas, and comments

Discussion title: Cost Behavior Patterns and Concepts Write 400 words that respond to the following questions with your thoughts, ideas, and comments

Accounting

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Discussion title: Cost Behavior Patterns and Concepts

Write 400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Additional Information: Eddison Electric Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. As EEC's corporate business cost accountant, you will need to have a clear understanding of the different types of costs (variable, fixed, mixed, direct materials, direct labor, and overhead) that the company carries.

With your classmates, please discuss the following:

• Describe the differences between variable, fixed, and mixed costs, and list an example of each.
• Describe the differences between direct labor, direct material, manufacturing overhead, and nonmanufacturing costs, and list an example of each.

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Unit 2 – IP/ Need Completed by: Feb 5 (Sat)

(Note:  Word requirement: 500 and with References)

Title: Cost Behavior Patterns and Concepts

Respond to the scenario below with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.

Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. As an expert in costing methods, in this assignment, you will be comparing and contrasting the following:

• Full costing or absorption costing
• Variable costing
• Target costing
• Life cycle costing
• Activity-based costing

Research each method, and respond to the following questions:

• What is the definition of each costing method?
• Discuss how, when, and if the costing method could be used by EEC.
• Discuss the advantages and disadvantages of the costing method as it relates to EEC.
• After your research is completed, provide a recommendation on which costing method is the best for the growth of EEC.

 

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Unit 3 – DB/ Need Completed by: Feb 9 (Wed)

Discussion title: Title: Capital Budgeting

Write 400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Additional Information: Eddison Electric Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. The President of EEC recently called a meeting to announce that a firm has approached EEC about a possible acquisition. The President wants to consider this purchase and has requested that you and your staff analyze the feasibility of acquiring this supplier. Discuss the following:

• Which costs would be utilized in making the decision to purchase the asset? Are future costs relevant in the decision-making process? Please justify and support your position.
• List and discuss the pros and/or cons associated with this potential acquisition.

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Unit 3 – IP / Need Completed by: Feb 12 (Sat)

Title: Capital Budgeting

(Note:  Word requirement: 500 and with References)

Respond to the scenario below with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.

Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. The Operations department is thinking about making a capital investment this current year. Prepare a memo to the VP of Accounting at EEC that answers the questions below based on the following criteria:

• EEC expects to save $500,000 per year for the next 10 years by purchasing the supplier.
• EEC’s cost of capital is 14%.
• EEC believes it can purchase the supplier for $2 million.

In your memo to the VP of Accounting, answer the following questions:

• What are the advantageous and disadvantages to each investing method (NPV, IRR, or payback period)?
• Which of the methods (NPV, IRR, or payback period) should EEC use, and why?
• Would your answer be the same if EEC’s cost of capital were 25%? Why or why not?
• Would your answer be the same if EEC did not save $500,000 per year as anticipated?
• What would be the least amount of savings that would make this investment attractive to EEC?
• Based on your calculations, should EEC acquire the supplier? Why or why not?

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Unit 4 – DB/ Need Completed by: Feb 16 (Wed)

Discussion Title: Financial Decision Making

Write 400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Additional Information: Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. You were asked to provide training to operational managers in areas in which they are struggling, such as internal rate of return, simple rate of return, and net present value. Please discuss the following:

• How is the internal rate of return calculated?
  • Explain how it supports a capital business decision versus the NPV model.
• Explain how simple rate of return has been used in a company you are familiar with related to capital budgeting.

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Unit 5 – DB/ Need Completed by: Feb 23 (Wed)

Discussion Title: Ethics, Performance Measures, and the Balanced Scorecard

Write 400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Summative Discussion Board

Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write at least 3 paragraphs on the following:

• What were the most compelling topics learned in this course? 
• How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified? 
• What approaches could have yielded additional valuable information? 

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Unit 5 – IP/ Need Completed by: Feb 25 (Fri)

6 Power Point slides; with Speaker notes of 150–200 words per slide

Title: Ethics, Performance Measures, and the Balanced Scorecard

Respond to the scenario below with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.

Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. You have been tasked as a team lead on a team that will construct a balanced scorecard presentation for the department. Please create a PowerPoint presentation of 5–7 slides that discusses the following:

• What are the key components of a balanced scorecard?
• In what ways can the balanced scorecard benefit the organization in the strategic decision-making process and influence ROI?
• What are the ethical issues that could be associated with the four key components of the balanced scorecard?