Here’s the link to the LP2 seminar:
LP2: https://www.youtube.com/watch?v=NLbBumW58sM
LP2 Assessment questions Your answer should be in a word document and uploaded to the dropbox. 1. In your own words, explain what is meant by the “Death Spiral” – be sure to use the definition as it relates to managerial accounting 2. Exhibit 4-22 shows the job cost sheet for the Strict Custom Framing company. a. Explain why shipping is included in direct cost and b.Usually, Materials is considered a direct expense. Explain why there are only 2 categories: Direct and Conversion. 3. ABC is clearly a more complex cost allocation system than the traditional cost accounting system. If you were a consultant to a company that has in place a traditional labor-hours driven cost accounting system, (a) Identify why a company might resist implementing an ABC system and (b) Suggest one way to overcome the resistance |