UC Post Accounting Discussion

MAD3&R Write an analytical summary of your learning outcomes from chapters 5 and 6. In addition to your analytical summary, address the following: As a manager, discuss how you would use or have used the concepts presented in chapters 5 and 6. Provide numerical examples to support your discussion. Required: 2. Be sure to support your work with specific citations using APA format 3. Read a selection of your colleagues’ postings using one or more of the following ways: • • • • • • • • Share an insight from having read your colleagues’ postings, synthesizing the information to provide new perspectives. Offer and support an alternative perspective using readings from the class materials or from your own research. Validate an idea with your own experience and additional research. Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings. Expand on your colleagues’ postings by providing additional insights or contrasting perspectives based on readings and evidence. Return to this Discussion several times to read the responses to your initial posting. Note what you have learned and/or any insights you have gained as a result of the comments your colleagues made. One 325 words post Three 175 words response each Require some information from the text, academically reviewed papers, some significant commentary that requires knowledge of the subject matter, a web link to an article or other source in order to be accepted. Provide appropriate APA in-text citations and references for post as well as replies Reply1 Cost analysis Cost behavior analysis plays an essential role in improving the process of cost control and in determining how these costs directly affect the future production goals and targets. There are 4 types of cost behavior and they are account analysis, scatter plots, high-low method, and regression method. These methods are differently used by the managers for determining how the cist behavior would impact the overall plans descends for the company. The variable and feed expenses need to be differently determined and found how the same could be controlled on the long run. In the scatter method, the managers use the historical costs and data for determine how the costs are accurately or otherwise processed by the management. Through this method, the leaders determine the direct relationship between the fixed and variable expenses for the company. The high-low method helps in determining how the high and the low variable costs affect the planned production activities. This method is usually preferred by the leaders as it is simple and consumes les time to use the method. Regression analysis uses the statistical data for the calculation of the information and to predict how the associated changes could be introduced for controlling the expenses (Albu, & Albu, 2012). Costs play an important role in controlling the expenses and in finding why and how the costs are incurred in the production department. Managers need to understand how the costs behaviors impact the planned activities. There are fixed and variables costs, and they are related to the production activities. These costs need to be differentiated and properly controlled by the management. For this, the production units are determined and the direct factors in the production activities are determined. In this process, the leaders ensure to understand the cost behavioral factor and ensure that the right process are adopted and implemented by the management. These costs are directly and majorly included in the cost calculations process and in implementing an effective method for controlling these expenses. Unless the cost behavior is not determined, it is not possible for the leaders to control the same by the leaders. For this, the right type of strategies that are needed for improving the process of the cost control method (Avgerou & Walsham, 2018). References Albu, N., & Albu, C.N., (2012). Factors associated with the adoption and use of management accounting techniques in developing countries: The case of Romania”, Journal of International Financial Management & Accounting, Vol. 23, No. 3, pp. 245-276. Avgerou, C., & Walsham, G., (2018). Information technology in context: Studies from the Perspective of Developing Countries: Studies from the Perspective of Developing Countries. New York: Routledge. Response Reply2 Cost-Analysis figuring’s because of its certainly low normality of male circumcision and infirmity rate tantamount to other made countries. Minor costing is break even analysis and cost- volume advantage Analysis; procure back the first speculation outlines and advantage charts; differential cost analysis, stock valuation under fringe costing versus osmosis costing, uses of immaterial costing in powerful. Remember, that when you are setting up your course of action objective, you are not limited to using the method used by the offer or in making recommendation. Thing costs are those which are discernible to the thing and associated with stock characteristics. In a collecting concern it contains the cost of direct materials, direct work and gathering overheads. Thing costs a full creation line cost (Takahara, 2016). Cost checks are much of the time given as a segment of the arrangement of a rule. The authoritative orders concealed various biological norms normally confirm that the coordinated organization use a supported mechanical methodology or show any proposed elective approach is indistinguishable. It is a fundamental request for corporate management, as the information assembled and acquainted with Management reliant on cost and management Accounting procedures makes Management tackle unequivocal issues just as helpers them in powerful (Tsai, 2018). Conclusion: Capital use offers preferred position to future period and is named an advantage. On the other hand, salary utilization benefits only the current period and is treated as an expense. As and when an advantage is limited, capital expenses to that degree becomes cost. It obliges Analysis of utilization so the Management gets all out idea with respect to even the humblest thing of cost. References Takahara M, (2016) length and cost of center stay in poor-risk patients with fundamental member ischemia experiencing revascularization. Circ J 2018; 82:2634–2639. https://doi.org/10.1253/circj. Tsai MH, (2018) Clinical impact of egg whites in bleeding edge head and neck malady patients with free crease entertainment an audit study. PeerJ; 6: e4490. https://doi.org/10.7717/peerj. Response Reply3 Costing I have learned about process costing and cost behavior. The costing of the process relates to the cost accounts system used to transfer the manufacturing costs of products produced by mass production. The process costs for determining the aggregate amount of direct and indirect costs involved at the end of a certain period may be calculated in large processing companies that use mass inventory production (Blocher, 2006). On the other hand, cost Behavior means a change in expense actions (or costs) due to a change in company practices. The review of the cost behavior is the study of this change. When creating an annual budget, a manager has to consider the behavior. The manager will decide in advance whether any costs decrease or improve as business activities change. Cost behavior understanding is also important for cost-volume-profit analysis. The analysis of cost-volume-profit (CVP) studies the cost-effectiveness and profitability change impact (Reimer, 2018). Example The Bharat production company’s inventory through Two separate procedures, X and Y and finished stock, are transferred. It is recognized from the experience that wastage happens in the procedure as under: In Process X, five percent of the items entering the process. In Process Y, ten percent of the items entering the process. The scrap value of the wastages in process X is Rs. Eight per hundred items and in-process Y is Rs. Ten per hundred items. References Blocher. (2006). Cost management: A strategic emphasis. McGraw-Hill Educa
tion (India) Pvt Limited. Reimer, K. (2018). Asymmetric cost behavior: Implications for the credit and financial risk of a firm. Springer Fachmedien Wiesbaden. Response
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