Answer ALL eight questions Think of a business or an organization that would use process costing What types of waste are likely to be generated during the manufacturing process Are there ways to avoid this waste or to minimize it How might managerial accounting support the efforts to reduce waste in the production process Provide an example of how a company may change its processes to make its manufacturing more efficient or environmentally sustainable How will the company benefit What costs might a business incur by not adopting e billing (paperless) services Is e billing only profitable to large businesses or is it applicable to small business Explain what might be involved in changing over to paperless billing How might the principles of sustainability (such as increased efficiency) affect cost behavior overall Think of an example of a sustainable change in process or material that could impact the cost equation of that cost (i e , the total fixed cost versus the variable cost per unit) Describe this example in detail and what might happen to total fixed costs and per unit variable costs Is the contribution margin ratio of a grocery store likely to be higher or lower than that of a plastics manufacturer Explain the difference in cost structure between a grocery store and a plastics manufacturer How does the cost structure difference impact operating risk How can CVP techniques be used in supporting a companys sustainability efforts Conversely, how might CVP be a barrier to sustainability efforts Why could a manager be justified in ignoring fixed costs when making a decision about a special order When would fixed costs be relevant when making a decision about a special order How can make or buy concepts be applied to decisions at a service organization What types of make or buy decisions might a service organization face

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 18, 2024

**Answer ALL eight questions.* Think of a business or an organization that would use process costing. What types of waste are likely to be generated

************Answer ALL eight questions.***********
Think of a business or an organization that would use process costing. What types of waste are likely to be generated during the manufacturing process? Are there ways to avoid this waste or to minimize it? How might managerial accounting support the efforts to reduce waste in the production process?
Provide an example of how a company may change its processes to make its manufacturing more efficient or environmentally sustainable. How will the company benefit?
What costs might a business incur by not adopting e-billing (paperless) services? Is e-billing only profitable to large businesses or is it applicable to small business? Explain what might be involved in changing over to paperless billing.
How might the principles of sustainability (such as increased efficiency) affect cost behavior overall? Think of an example of a sustainable change in process or material that could impact the cost equation of that cost (i.e., the total fixed cost versus the variable cost per unit). Describe this example in detail and what might happen to total fixed costs and per unit variable costs.
Is the contribution margin ratio of a grocery store likely to be higher or lower than that of a plastics manufacturer? Explain the difference in cost structure between a grocery store and a plastics manufacturer. How does the cost structure difference impact operating risk?
How can CVP techniques be used in supporting a companys sustainability efforts? Conversely, how might CVP be a barrier to sustainability efforts?
Why could a manager be justified in ignoring fixed costs when making a decision about a special order? When would fixed costs be relevant when making a decision about a special order?
How can make-or-buy concepts be applied to decisions at a service organization? What types of make-or-buy decisions might a service organization face?