There are two questions to solve for:
1. Give an example of a product you would like to make and sell (like coffee – just pretend). What are some of the variable costs, fixed costs, mixed costs? What are some of the product costs versus period costs? What are the direct materials, direct labor, manufacturing overhead costs?
Write this out as if you were giving it to a potential business partner and then respond to your classmates as if you were that business partner.
Respond to this question with 5-7 meaningful sentences (or more – this one could be more!). Be sure you answer the question in the context of material in chapter 1. If you use outside references, please cite them.
2, CVP Analysis is quantitative. Read the chapter introduction and see how by making changes, profit increased. If your company was headed in a similar direction, how would you respond from a qualitative perspective? In other words, what factors could influence the CVP decisions other than the numbers? If you do not have a company, use the one you proposed to your friend in Discussion Board Chapter 1.
Respond to this question with 5-7 meaningful sentences (or more – this one could be more!). Be sure you answer the question in the context of material in chapter 2. If you use outside references, please cite them.
The book used for this course is Managerial Accounting for Managers (with Connect access code), 5th Edition by Noreen, Brewer and Garrison (McGraw-Hill) 2020. ISBN (check with SE Barnes and Noble Bookstore for purchase/rental options). All students must purchase software to use McGraw-Hill Connect.
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