Cost-Volume-Profit Analysis

Objective

The purpose of the final paper is for you to demonstrate the learning achieved in the course by describing your understanding and application of knowledge in the field of accounting.

The paper must

a.Identify the main issues in the chosen area.

b.Contain and reference new learning that has occurred.

c.Build upon class activities or incidents that facilitated learning and understanding.

d.Present specific current and/or future applications and relevance to the typical workplace.

Choice 1: Cost-Volume-Profit Analysis

a.How does a firm use “Cost-Volume-Profit Analysis” to assess performance?

b.How would you use such a system to measure how costs change as production changes?

c.How do you develop a “break-even analysis” for a given firm, and how would you use it?

Choice 2: Activity Based Costing

a.What is “Activity Based Costing” and how does it work?

b.What does it do for a firm employing such a system?

c.How do you go about developing such a system in a firm?

d.What are the steps?

e.What would an example look like?

Choice 3: Cost Accounting

a.Why is cost accounting so important to the success of the firm?

b.What are the various methods of cost accounting and how are they used?

Choice 4: Operating Budgets

a.How does an operating budget work to discipline a firm’s management?

b.What are the elements of a budget?

c.How are budgets constructed?

d.What is “Variance Analysis” and how is it used?

e.The Cost Accounting Final Paper

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