Discussion questions: 5-7 sentences (Managerial accounting)
- Imagine that you are an accountant working with a large farming operation. Document the flow of costs and techniques used in a CVP analysis to substantiate the operation’s purchase of a new, top-of-the-line combine costing $475,000.
- Compare and contrast job order costing and process costing, giving specific details as to the flow of costs for direct materials, direct labor, and manufacturing overhead.
- Evaluate incremental analysis giving specific details related to analyzing the relevant costs in a make and buy scenario.
- Imagine that you are the managerial accounting manager at General Motors. Management of Tesla has approached you about buying GM. Describe the elements needed to establish a target price that meets the intent of Tesla.