Managerial Accounting 1, 2 And 3 Mod

Managerial Accounting 1, 2 And 3 Mod

Managerial Accounting

Module 1

Assignment:

Please work the following exercises from the text and submit for grading.

Some exercises come with a “Working Template” for organizing the material. Please see these as an option for how to set up your assignments. You are not required to organize your assignments this way.

Exercises:

1. P1-27A, page 39: ERP cost-benefit analysis
2. E2-21A, page 86: Classify and calculate a manufacturer’s costs
3. E2-25A, page 88: Compute direct materials used and cost of goods manufactured
4. E2-31B, page 90: Classify costs along the value chain for a manufacturer

Essay Question/Considering Ethics:

1. Review the IMA Statement of Ethical Professional Practice. Does business interaction in the global market conflict with these ethical standards? Consider outsourcing, sustainability, and social responsibility. Is it possible to remain competitive in a global market and remain true to these ethical standards? Please formulate a 500 word minimum essay exploring this issue. Research and site the business practices of at least two companies that function on at least two continents.

Memorization Exercise:

1. Making a song out of terms that are otherwise unassociated and boring is one proven way to remember vocabulary. Write a song incorporating at least ten terms from Module One. It can be as long or as short as you want. Make sure that it ties the terms you use together and addresses how they relate to each other. Set it to the melody of a nursery rhyme or a song that you enjoy. You do not have to perform this and it does not have to be good. Submit the song that you wrote as your assignment and try singing it to yourself during the day.

MODULE 2

Assignment:

Exercises:

1. E3-44B, page 163: Record journal entries
2. S4-16, page 220: Quality initiative decision
3. P5-51A, page 290: Process costing in a single processing department
4. P5-54A, page 296: Prepare a production cost report and journal entries

Essay Question:

Write a 500 word minimum essay discussing how lean versus traditional production might affect a management accountant trying to calculate a company’s costs. How would the information a management accountant would use to determine company costs change depending on type of production?

MODULE 3

Assignment:

Exercises:

1. P6-68B, page 373: Analyze cost behavior
2. E7-40B, page 426: Prepare contribution margin income statements
3. A7-76, page 439: CVP analysis by intern with an ethical dilemma

Essay Questions: (total approx. 750 words)

1. “Breakeven analysis isn’t very useful to a company because companies need to do more than break even to survive in the long run.” Explain why you agree or disagree with this statement. (p. 413)
2. Rondell Pharmacy is considering switching to the use of robots to fill prescriptions that consist of oral solids or medications in pill form. The robots will assist the human pharmacists and will reduce the number of human pharmacy workers needed. This change is expected to reduce the number of prescription filling errors, reduce the customer’s wait time, and reduce the total overall costs. How does the use of the robots affect Rondell Pharmacy’s cost structure? Explain the impact of this switch to robotics on Rondell Pharmacy’s operating risk.