Every business is unique. Choose a business for your case.

1. Describe your chosen business process and the role of the management accountant in the organization. Show financial reports for 2020 (q1, q2, q3), 2019 and 2018.

2. Explain: a. about all the product costs in your business. b. about all the period costs in your business.

3. Explain a. About all the variable costs in your business. b. About all the fixed costs in your business. c. entangling mixed costs in your business. d. Mixed costs are more difficult to evaluate. Present the mixed cost data that is in your business (at least 2 types of mixed costs). Analyze the two mixed costs in your business by determining the amount of fixed costs and variable cost rates and present the equations of each mixed cost.

4. (a) How many products does your business have? Explain the target profit for each product. (b) How do you determine the break even point in your business?

5. (a) Calculate the product cost per unit using variable costing for each product (at least 2 products). (b) Prepare income statement Q3 2020 using variable costing.

6. Organizations are faced with many challenges during this time of economic recession. Prepare a 2021 budget to provide a more comprehensive view of your business and explain the benefits of budgeting for your business. Also explain about the application of flexible budgeting to your business.