Participation Exercise #1: After viewing the following video respond to these questions.
1. How does analyzing fixed and variable costs help you to set a sale price that will generate profit?
2. How is profit affected when a company produces outside it’s “relevant range” (normal range of activity)? Explain? http://youtu.be/nQ5APwtB-ig (Links to an external site.)
Participation Exercise #2: What are your thoughts in regards to the Institute of Management Accountant’s 2019 salary survey (Links to an external site.) (scroll down and click on the USA symbol)?
Participation Exercise #3: Please access the attached article (Links to an external site.) and respond to the following questions:
1. What are the main pros and cons of a Job-Order Costing system?
2. What do you think would be the greatest challenge in maintaining a Job-Order Costing system for a manufacturing company?
Participation Exercise #4: Please respond to the following question after viewing the short video (Links to an external site.):
Why is a predetermined overhead rate useful in “applying” overhead costs in a manufacturing environment?