Case assignment calculating manufacturing cost company listed on a stock exchange, may be domestic stock exchange

The case assignment is a formal paper 5 to 8 page long. There should be a title page, the use of in-text citations, and a reference page. The title page and reference page do not count in the 5 to 8 pages. The
paper should be APA formatted.
Requirements & Criteria
Choose a company that MANUFACTURES a product!
The company must be listed on a stock exchange, it may be domestic stock exchange, such as New York Stock Exchange (NYSE) or foreign stock exchange, such as Tokyo Stock Exchange (TSE). All companies listed on the stock exchanges are publicly traded and the information you will need can be found on the company’s website. This will include but not limited to financial reports, annual reports, and investor reports. Information may be found through other sources as well. So please use all tools available to you.
When you have chosen which type of company you will do the following:
1. Provide the name of the company and at least a one (1) page
2. Identify the method of calculating manufacturing cost for the
3. Determine if the cost method the company has chosen is most
appropriate and explain three (3) reasons why the method is
4. If you decide the cost method the company has chosen is not
appropriate, write a recommendation as if you are sending it to
the company for real and discuss three (3) reasons to support
your recommendation
5. Incorporate the concepts from Modules 1-4 you have learned in
You may use concepts that will learn about as well. However,
you MUST use the concepts that have been presented thus far

below are the concepts from modules 1-4. I will include readings that were assigned readings so you can look through them as well.

1-Managerial accounting and the business environment
2-Managerial accounting and cost concepts

Managers carry out three major activities in an organization: planning, directing and motivating, and controlling. Planning involves establishing a basic strategy, selecting a course of action, and specifying how the action will be implemented. Directing and motivating involves mobilizing people to carry out plans and run routine operations. Controlling involves ensuring that the plan is actually carried out and is appropriately modified as circumstances change.

In contrast to financial accounting, managerial accounting: (1) focuses on the needs of managers rather than outsiders; (2) emphasizes decisions affecting the future rather than the financial consequences of past actions; (3) emphasizes relevance rather than objectivity and verifiability; (4) emphasizes timeliness rather than precision; (5) emphasizes the segments of an organization rather than summary data concerning the entire organization; (6) is not governed by GAAP; and (7) is not mandatory.

The three major elements of product costs in a manufacturing company are direct materials, direct labor, and manufacturing overhead.

The schedule of cost of goods manufactured lists the manufacturing costs that have been incurred during the period. These costs are organized under the three categories of direct materials, direct labor, and manufacturing overhead. The total costs incurred are adjusted for any change in the Work in Process inventory to determine the cost of goods manufactured (i.e. finished) during the period.

The schedule of cost of goods manufactured ties into the income statement through the cost of goods sold section. The cost of goods manufactured is added to the beginning Finished Goods inventory to determine the goods available for sale. In effect, the cost of goods manufactured takes the place of the Purchases account in a merchandising firm.
• Bell, R. L., & Martin, J. S. (2014). Managerial Communication. New York: Business Expert Press.Chapter 4: Ethical Issues in Management Communication.Retrieved from EBSCO multi-search in the Touro Library.
• Eker, M., & Aytaç, A. (2017). The Role of ERP in Advanced Managerial Accounting Techniques: A Conceptual Framework. Business & Economics Research Journal, 8(1), 83-100. doi:10.20409/berj.2017126246.Retrieved from EBSCO multi-search in the Touro Library.
• Fenyves, V., Böcskei, E., & Sütő, D. (2015). ROLE OF THE MANAGERIAL ACCOUNTING IN DIFFERENT PHASES OF THE CORPORATE LIFE-CYCLE. Annals Of The University Of Oradea, Economic Science Series, 24(2), 463-470.Retrieved from EBSCO multi-search in the Touro Library.
• Taylor, M. (2014). Managerial Accounting – Traditional Costing & Activity Based Costing (ABC) [Video file]. Retrieved from (44:59)
• Managerial Accounting Basics – 1 Cost Classifications [Video file]. Retrieved from:
• Bell, Tony (2015). Intro to Managerial Accounting [Video file]. Retrieved from: (6:41)
• Bell, Tony (2015). Themes in Managerial Accounting [Video file]. Retrieved from: (14:03)
• Bell, Tony (2015) .Cost Terminology [Video file]. Retrieved from: (7:35)

Module 2:

1-Systems design: Job-order costing
2-Systems design: Process costing
Job-order costing is used in situations where many different products or services are produced each period. Process costing is used in situations where a single, homogeneous product, such as cement, bricks, or gasoline, is produced for long periods.
A predetermined overhead rate is used to apply overhead cost to jobs. It is computed before a period begins by dividing the period’s estimated total manufacturing overhead by the period’s estimated total amount of the allocation base. Thereafter, overhead cost is applied to jobs by multiplying the predetermined overhead rate by the actual amount of the allocation base that is recorded for each job.
Cost accumulation is simpler under process costing because costs only need to be assigned to departments—not individual jobs. A company usually has a small number of processing departments, whereas a job-order costing system often must keep track of the costs of hundreds or even thousands of jobs.
In a process costing system, a Work in Process account is maintained for each processing department.

Reading and Background Material
• Krumwiede, K. R., & Walden, W. D. (2013). Dream Chocolate Company: Choosing a Costing System. Issues In Accounting Education, 28(3), 637-652. doi:10.2308/iace-50464. Retrieved from multi-search EBSCO database in the Touro Library.
• Miina, A. (2013). Critical success factors of lean thinking implementation in Estonian manufacturing companies. Baltic Journal Of Economics, 13(1), 113-114.Retrieved from multi-search EBSCO database in the Touro Library.
• Lee, R. T. (2016). Fixed and Variable Costs: When Accounting Is the Opposite of Cash Flow Reality. Journal Of Corporate Accounting & Finance (Wiley), 27(4), 31-35. doi:10.1002/jcaf.22158.Retrieved from multi-search EBSCO database in the Touro Library.
• Routh B (2015). Process Costing versus Job Costing [Video file]. Retrieved from: (3:47).
• Job Order Costing [Video File]. Retrieved from
• CA N Raja (2017), Natarajan Difference between Job Costing and Process Costing [Video file]. Retrieved from: (1:40).
• Blazer E (2013), Process Costing Weighted Average Method [Video File]. Retrieved from: (4:4


Cost-volume-profit relationships
Variable cost: The variable cost per unit is constant, but total variable cost changes in in direct proportion to changes in volume. Fixed cost: The total fixed cost is constant within the relevant range. The average fixed cost per unit varies inversely with changes in volume. Mixed cost: A mixed cost contains both variable and fixed cost elements.
An activity base is a measure of whatever causes the incurrence of a variable cost. Examples of activity bases include units produced, units sold, letters typed, beds in a hospital, meals served in a cafe, service calls made, etc.
The formula for a mixed cost is Y = a + bX. In cost analysis, the “a” term represents the fixed cost and the “b” term represents the variable cost per unit of activity.
The contribution approach income statement organizes costs by behavior, first deducting variable expenses to obtain contribution margin, and then deducting fixed expenses to obtain net operating income. The traditional approach organizes costs by function, such as production, selling, and administration. Within a functional area, fixed and variable costs are intermingled.

Reading and Background Material

• Wink, G. B., & Corradino, L. J. (2010). INCOME INFLATION: ABSORPTION COSTING VS. VARIABLE. Journal Of The International Academy For Case Studies, 49-54. Retrieved from multi-search database EBSCO from the Touro Library.
• Said, H. A. (2016). USING DIFFERENT PROBABILITY DISTRIBUTIONS FOR MANAGERIAL ACCOUNTING TECHNIQUE: THE COST-VOLUME-PROFIT ANALYSIS. Journal Of Business & Accounting, 9(1), 3-24.Retrieved from multi-search database EBSCO from the Touro Library.
• Machuga, S., & Smith, C. (2013). A Case Method Approach of Teaching How Cost-Volume-Profit Analysis is Connected to the Flexible Budgeting Process and Variance Analysis. Journal Of Accounting & Finance (2158-3625), 13(6), 178-192.Retrieved from multi-search database EBSCO from the Touro Library.
• Plehn, G., Butz, T., Maagh, P., & Meissner, A. (2017). Effect of patient’s age on the profitability of inpatient cardiac catheterization: a contribution margin analysis of frequently performed procedures over a 5-year period. BMC Health Services Research, 17(1), 49. doi:10.1186/s12913-017-1999-4. Retrieved from multi-search database EBSCO from the Touro Library.

• Absorption Costing. Retrieved {Video file]. Retrieved from from: (20:08)
• Bell T (2013) , Variable vs Absorption Costing Part 1 [Video file]. Retrieved from: (5:19).
• Bell T (2013), Variable vs Absorption Costing Part 2 [Video File]. Retrieved from (8:46).
• Bell, T (2013), Variable vs Absorption Costing Part 3 [Video File].. Retrieved from (8:00).
• Riley J (2016), Breakeven Analysis: Contribution & Contribution per Unit [Video File]. Retrieved from: (9:24).
• Doug H (2014), Create a Break-Even Analysis Chart [Video File]. Retrieved from: (12:52).

Module 4:

1-Variable costing: A tool for management
2- Performance Measurement in Decentralized Organizations

Absorption and variable costing differ in how they handle fixed manufacturing overhead. Under absorption costing, fixed overhead is treated as a product cost and hence is an asset until products are sold. Under variable costing, fixed manufacturing overhead is treated as a period cost and is expensed on

Under absorption costing, fixed manufacturing overhead costs are included in product costs, along with direct materials, direct labor, and variable manufacturing overhead. If some of the units are not sold by the end of the period, then they are carried into the next period as inventory. When the units are finally sold, the fixed manufacturing overhead cost that has been carried over with the units is included as part of that period’s cost of goods sold.

Absorption costing advocates argue that absorption costing does a better job of matching costs with revenues than variable costing. They argue that all manufacturing costs must be assigned to products to properly match the costs of producing units of product with the revenues from the units when they are sold. They believe that no distinction should be made between variable and fixed manufacturing costs for the purposes of matching costs and revenues.

Ideal standards assume perfection and do not allow for any inefficiency. Ideal standards are rarely, if ever, attained. Practical standards can be attained by employees working at a reasonable, though efficient pace and allow for normal breaks and work interruptions.

Under management by exception, managers focus their attention on results that deviate from expectations. It is assumed that results that meet expectations do not require investigation.

Separating an overall variance into a price variance and a quantity variance provides more information. Moreover, price and quantity variances are usually the responsibilities of different managers.

Reading and Backround Material
Required Reading:
Silva, v. D., novaes, a. G., scholz-reiter, b., & piotrowski, j. (2013). The problem of collaboration in manufactured goods exportation through autonomous agents and system dynamic theories. International journal of industrial engineering, 20(1/2), 114-125.
Barrett, C. (2007). Manufactured Cost or Sales Price, Part III. Traffic World, 271(6), 38.
Akinkugbe, O. (2009). Trade facilitation and africa’s manufactured goods’ export: a panel data analysis. Journal of developing areas, 42(2), 77-88.
7-Christesen C (2015), Preparing a Cost of Goods Manufactured Schedule. [Video File]. Retrieved from: (7:49)

Type of service: Academic paper writing

Type of assignment: Writing from scratch

Subject: finance

Pages / words: 5 / 1400

Number of sources: 2

Academic level: Undergraduate

Paper format: APA

Line spacing: Double

Language style: US English

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