Question
W5 Discussion
Noreen, E., Brewer, P., & Garrison, R. (2016). Managerial
accounting for managers. (4th ed.).
McGraw-Hill ISBN: 9781308886718
#1 In chapter six, the authors showed how the ABC application
was used in the construction industry, comparing three types of
rebar used for specific construction projects. It was shown that
the company had undercosted two of the types of rebar, while the
third type of rebar was overcosted. With this example in mind,
consider the following issues.
Why is the ABC described in the reading this week,
unacceptable for external financial reports?
In what fundamental ways does ABC differ from traditional
costing methods, such as those described in Chapter 4?
Why are top management support and cross-functional
involvement crucial when attempting to implement an ABC system?
#2 This week, you were asked to access a number of videos and
websites. These are great resources to help you learn the materials
this week. Consider what type of resource you find most helpful in
learning new materials (videos, examples, text, etc). Then consider
which topic you struggled with the most this week. Complete an
online search for a new resource that will help you with that
topic. For example, if you learn beset from videos and you
struggled with the topic double entry accounting, then complete an
online search for “double entry accounting videos”. If you learn
best by examples, search for “double entry accounting examples”.
Select one of the items you find in your search that you found
particularly helpful in learning the topic you struggled with the
most and post a summary of the resource and a link to the
resource.
http://smallbusiness.chron.com/traditional-costing-vs-activitybased-costing-33724.html
http://www.accountingcoach.com/blog/taditional-method-cost-accounting
Cite and summarize the resource APA.
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