I have an assignment for COST ACCOUNTING, i have included as much information as possible
Final Project II Milestone One: Budgets
To complete this assignment, review the prompt and grading rubric in the Milestone One Guidelines and Rubric document. When you have finished your work, submit the assignment here for grading and instructor feedback.
Textbook: Horngren’s Cost Accounting: A Managerial Approach, Chapter 9Chapter 9 introduces three inventory costing methods: variable inventory costing, absorption inventory costing, and throughput inventory costing. The authors present the benefits and drawbacks of each method, with special emphasis on the potential for abuses by managers when using absorption inventory costing, and options for dealing with that problem. The second part of the chapter focuses on four alternatives for determining capacity for budget purposes, and it explains why different alternatives are suitable depending on the purpose of the information. The chapter highlights how both the choice of inventory costing method and the method of determining capacity impact fixed costs and operating income.
Access this resource by going to the My Accounting Lab area under the course Table of Contents menu.
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