Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

MBA515 Week 2 Unit 2 Discussion

25/08/2020 Client: mark2106 Deadline: 7 Days

 


Unit 2: Discussion




Introduction


MBA515_7.jpg


The Trappist monks of St. Sixtus monastery in Belgium have been brewing beer since 1839. Customers must make an appointment with the monastery to buy a maximum of two 24-bottle cases per month. The scarce and highly prized beer sells for more than $15 per 11-ounce bottle. The monastery has not expanded its production capacity since 1946, seeking instead to sell just enough beer to sustain the monks’ modest lifestyle. 


There are two conventional costing approaches in manufacturing: job order and process. These methods have similarities and differences. Both systems have the same basic purposes—to assign material, labor, and manufacturing overhead costs to goods and services and to provide a mechanism for computing unit product costs. Both systems use the same basic manufacturing accounts, including manufacturing overhead (indirect cost), raw materials (direct cost), labor (direct costs), work in process, and finished goods. Once the goods and or services are complete, the costs of producing these goods and services are recorded under the “cost of goods sold” (COGS). As you may know, the COGS is a line item within a company’s income statement. From an accounting perspective, it useful to match the COGS to the revenues generated from the sale of units sold. The difference between the sales revenue and the COGS equals the gross profit. Process costing is used when a company produces a continuous flow of units that are indistinguishable from one another. Job-order costing is used when a company produces many different jobs that have unique production requirements (custom orders). As you can imagine, companies that use the job order costing methodology tend to experience higher production costs, since their company is producing multiple goods or services or different variations of the same goods or services (hybrids). Conversely, companies that are using process costing, tend to have lower production costs, since they produce a single good or service.


Source:


Garrison, R., Noreen, E., & Brewer, P. (2014). Managerial accounting (15th ed.).   Columbus, OH: McGraw-Hill Education.


Unit Learning Outcomes


ULO 6. Identify the similarities and differences between job-order and process costing (CLO 3, 4)


Directions


Initial Posting


The St. Sixtus monastery last expanded its’ production capacity in 1946; however, due to an increase in the cost of maintaining their modest lifestyle and expanding demand for specialty brews, they are now considering four (4) business options: maintain the status quo, same product and same production capacity; expand existing production capacity and maintain the existing product; create custom micro-brews, but maintain the same product capacity, and create custom micro-brews, and expand existing production capacity. The monks are aware that there is a growing demand for specialty beers, but don’t know if this the correct direction they should take their enterprise. Realizing that they need outside assistance to examine their opportunities, they have hired the student, who is functioning as an external consultant. The student (consultant) will be expected to prepare a formal recommendation as to which business options makes the most sense for St. Sixtus monastery. In preparing this recommendation for the client, the students will need to consider the current and future demand, production cost implications, the costing approach, sales revenue, and any other relevant information given the different business scenarios (options). Ensure that your recommendation is well supported, properly vetted, and logically presented. It is important that management carefully consider any potential ethical implications associated with their stated position. If there are any potential ethical concerns associated with your position, they should be identified and discussed.


If you prepared your response in Word, please cut and paste it directly into the discussion board so that everyone will not need to first download your response, then open it to read it. There is no minimum or maximum in terms of the word count; however, the response should explicitly address all required components of this discussion assignment. The document should be prepared consistent with the APA writing style (6th edition) and reflect higher level cognitive processing (analysis, synthesis, and or evaluation).

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Online Assignment Help
Writer Writer Name Offer Chat
Online Assignment Help

ONLINE

Online Assignment Help

Hi dear, I am ready to do your homework in a reasonable price.

$170 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Literary techniques in 12 angry men - Stat 200 assignment 1 descriptive statistics data analysis plan - Uif declarations email address - Digital Forensics Tools&Tech - Perioki - Ryan winter fiu - Article describing a new product in development - Vodafone and hutch merger case study - Intermediate synonyms and antonyms - Independent project 7 6 excel - A family friend has asked your help in analyzing - Strayer university center city philadelphia - Iris diaphragm microscope function - What is optional in a non chronological report - No need to call sherry turkle article - How would you characterize rankin's leadership style - ETHICS - Summation of forces in cricket - Dichotomous key on norns - In regard to your question - Clinical inquiry - Project management exam essay questions and answers pdf - Romans 1 8 worldview - 34 fisher street gisborne - NGESONTO LADY DISCOUNT CLINIC 0835179056 SAFE ABORTION PILLS IN DURBAN STANGER PMB ESTCOURT LADYSMITH NEWCASTLE - Tesla inc case study - P - Jo koy ex wife jennifer santillan - Which conditions are best served by proper breathing exercises - Alaskan fire breathing dragon - CEER - Ron williamson good morning america - Week 3 - Gandhi movie questions worksheet answer key - Interior wall finishes pdf - Dynamic science unit 4 - Social Work- Indicators of Suicide - Overall process of developing new software - Clinical governance framework qld health - Bottom up integration testing in software testing - A hare and a tortoise compete in a race - Which entry mode gives a multinational the tightest control over foreign operations? - Billy collins the revenant - Purchase order management process flow chart - Jaime zobel de ayala family tree - 1 page due by 12 hours - Editing challenge 2 business communication - Scorecard and dashboard formulation - If at the mc mr output avc exceeds price - Grand theory and middle range theory - Which featuredoes stub zones bring to dns: better performance, redundancy, or both? - Bluecoat wollaton uniform shop - Stainless steel cones suppliers - What does the word christian literally mean - Mastering physics solutions chapter 7 - Emergency department pico questions - Business model canvas assignment - Ibm deutschland gmbh 71137 ehningen - Community Policing and Crime Reduction - The mob dance group - Principles of incident response and disaster recovery - WHAT DO I VALUE (DISCUSSION POST) - Clyde hart 800m training - States of matter concept map - Pte center in brisbane - Grindr unsecure connection detected android - Patterns in a literary work are rarely - Quest on virgin media - 10 BEST Subtitles Download Sites for Movies in 2024 - Queensborough community college admissions - How to structure a podcast script - The hr scorecard is used to diagnose - Mr neville rabbit proof fence - Freemium model case studies - The thickness of soap film is nm - Sample nursing family case study - 53 russia in revolution crossword answers - Are bick's pickles made in canada - Blue streak inside jetblue the upstart that rocked an industry - The passionate shepherd to his love questions - Respond to the following: - How to create table latex - The thinker's guide to critical thinking - PD Cycle - Management excellence inc - Jim smith's dealership sells fords hondas and toyotas - Swoboda v hero decks case brief - Professional Experience #5 - Desoto tools inc is planning to expand production - Paper - Industrial health and hygiene ppt - Interactive cross sections of 3d shapes - Fast sybr green master mix - Business studies ratios revision - Vs sup2t 10g eol - 550 ml to l - Summer biz prize bond result 200 powersearch - Weekly reflection on two articles, 500-750 words - IEP week 4 assignment - Fire safing at slab edge