{"id":23623,"date":"2023-07-10T03:06:59","date_gmt":"2023-07-10T03:06:59","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/in-this-written-assignment-you-will-choose-a-company-consider-its-business-and-costing-requirements-and-recommend-a-costing-system-that-will-work-best-for-the-business\/"},"modified":"2023-07-10T03:06:59","modified_gmt":"2023-07-10T03:06:59","slug":"in-this-written-assignment-you-will-choose-a-company-consider-its-business-and-costing-requirements-and-recommend-a-costing-system-that-will-work-best-for-the-business","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/in-this-written-assignment-you-will-choose-a-company-consider-its-business-and-costing-requirements-and-recommend-a-costing-system-that-will-work-best-for-the-business\/","title":{"rendered":"In this written assignment, you will choose a company, consider its business and costing requirements, and recommend a costing system that will work best for the business."},"content":{"rendered":"<p style=\"margin-bottom: 1rem; font-size: 19px; line-height: 28px; cursor: auto; color: inherit;\">Think about a company you know. This could be a current or past employer or a company you admire. Consider its business activities and the type of products and services offered. Based on what you have learned so far, write a short paper that reflects on the different costing methods and speculates on how they might apply to your selected company.<\/p>\n<p style=\"margin-bottom: 1rem; font-size: 19px; line-height: 28px; cursor: auto; color: inherit;\">Specifically, you must address the following rubric criteria:<\/p>\n<ul style=\"margin-left: 10px; margin-bottom: 1rem; padding-bottom: 10px; padding-left: 20px; font-size: 19px; line-height: 28px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\"><span style=\"font-weight: bolder; cursor: auto; color: inherit;\">Company Overview<\/span>: Identify the company you selected and provide a brief overview of its business.<br style=\"cursor: auto; color: inherit;\">\n<ul style=\"margin-left: 10px; padding-bottom: 10px; padding-left: 20px; line-height: 28px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">Is it a manufacturing, merchandising, or service organization?<\/li>\n<\/ul>\n<\/li>\n<li style=\"cursor: auto; color: inherit;\"><span style=\"font-weight: bolder; cursor: auto; color: inherit;\">Costing Methods<\/span>: Compare the job order and process costing methods, and explain how each of these can be applied to the company.<br style=\"cursor: auto; color: inherit;\">\n<ul style=\"margin-left: 10px; padding-bottom: 10px; padding-left: 20px; line-height: 28px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">How could the costs differ if one method is chosen over the other?<\/li>\n<\/ul>\n<\/li>\n<li style=\"cursor: auto; color: inherit;\"><span style=\"font-weight: bolder; cursor: auto; color: inherit;\">Factory Overhead<\/span>: Outline possible indirect or overhead costs the company may need to account for, and identify the type of costing the company might use for these costs.\n<ul style=\"margin-left: 10px; padding-bottom: 10px; padding-left: 20px; line-height: 28px; cursor: auto; color: inherit;\">\n<li style=\"cursor: auto; color: inherit;\">If the company decides to use activity-based costing (ABC), what are some activity bases (cost drivers) it might use to allocate these costs?<\/li>\n<\/ul>\n<\/li>\n<li style=\"cursor: auto; color: inherit;\"><span style=\"font-weight: bolder; cursor: auto; color: inherit;\">Recommendation<\/span>: Based on your analysis, recommend a costing method for the company, and explain why you think this method will work best for the business.<\/li>\n<\/ul>\n<h2 style=\"margin-top: 30px; font-size: 1.5rem; line-height: 1.8rem; cursor: auto;\">What to Submit<\/h2>\n<p style=\"margin-bottom: 1rem; font-size: 19px; line-height: 28px; cursor: auto; color: inherit;\">Submit your assignment as a 2- to 4-page Word document. Sources should be cited according to APA style<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Think about a company you know. This could be a current or past employer or a company you admire. Consider its business activities and the type of products and services offered. Based on what you have learned so far, write a short paper that reflects on the different costing methods and speculates on how they [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[644],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/23623"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=23623"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/23623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=23623"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=23623"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=23623"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=23623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}