Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose a company with which you are familiar that manufactures a product. In this activity, you will be making reasonable assumptions about the activities involved

"Choose a company with which you are familiar that manufactures a product. In this activity, you will be making reasonable assumptions about the activities involved in the value chain for this product; companies do not typically publish information about their value chains."

Make reasonable assumptions about the activities involved in the value chain for this product. Identify and/or suggest types of software available to implement and evaluate the value chain process. Corporations do not typically publish information about their value chains.

"Basic Discussion Questions

  1. Describe the product that is being produced and the company that produces it.
  2. Describe the six value chain business activities that this product would pass through from its inception to its ultimate delivery to the customer.
  3. List at least three costs that would be incurred in each of the six business activities in the value chain.
  4. Classify each cost you identified in the value chain as being either a product cost or a period cost. Explain your justification.
  5. A cost object can be anything for which managers want a separate measurement of cost. List three different potential cost objects other than the product itself for the company you have selected.
  6. List a direct cost and an indirect cost for each of the three different cost objects in question 5. Explain why each cost would be direct or indirect."

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial & Managerial Accounting The Financial Chapters

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

0133255573, 978-0133255577

More Books

Students also viewed these Accounting questions

Question

When do valley glaciers have their greatest velocity?

Answered: 1 week ago