Question
1. You are a new manager in a company that has always used work order costing, and your fellow managers are reluctant to switch to
1. You are a new manager in a company that has always used work order costing, and your fellow managers are reluctant to switch to any other method, justify to your coworkers why the change to cost based on the activity would improve the decision-making capacity of the company.
2. Suppose you are a production manager and the company controller tells you that a new policy will require you to trace any damaged or discarded material. Why do you suppose the controller wants a written record of spoiled material? What Benefits Can I Get From Tracking Impairment Rate By Job? Provide examples.
3. Discuss how the IMA Code of Ethics affects the ethical behavior of accountants. Which of the four standards found in the Code do you think is the most difficult to meet and why?
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