As controller of Patriot Steel, you have been asked to provide information to management that would be helpful in answering a variety of questions.

Required:

Classify the needed information as being an example of either full cost accounting, differential accounting, or responsibility accounting:

1. Should the company own and operate its own iron ore mines or buy the ore from another firm?
2. As a result of the new labor contract with the United Steel Workers Union, what will be the profit margin on a ton of steel at current prices?
3. Is the supervisor of the maintenance shop doing a good job?
4. How much money does the company have invested in finished goods inventory?
5. Should the company consider replacing its old open-hearth furnaces with new ones?
6. Which district sales manager is doing the best job?