I need help on the empty boxes such asThe accounting focus will shift from variance analysis to understanding the underlying cost structure of a product or process,why agree?

Standard Cost and Variance Analysis ACC/400 Version 2 Tarlisha Barksdale, Cassandra Brown, Jennifer Hall, Felicia Rodriguez, Enedina Ruiz University of Phoenix Material Team D: Week 4 3/21/16 Standard Cost and Variance Analysis Complete this matrix by providing at least 2 reasons why you agree and 2 reasons why you disagree with each of the following author's statements (shown on page 17 of the article). Support your arguments with at least 125 words for each agreement/disagreement. Agreements: Author's Comment I agree because... \"In the future, I envision more companies moving toward actual cost systems. Standard cost variance analysis will no longer be required because inventory transactions will be recorded at actual cost.\" I agree because it seems like cost system would benefit the company in a big way and make it easier for them to track the inventory and their cost. Has he stated standard cost systems controls costs by monitoring actual versus planned results. it would help to see what areas needs improvements. It helps them focus on the budgets, add value to inventory, profitability, reduce paperwork and helps motivates employees. Anything that would help motivate an employee to do better job and be more proactive would be a great advantage. \"This change will free up significant resources in the finance department and will allow cost analysts to function more as business partners within the organization.\" The change would prompt the advancement of adaptable bookkeeping frameworks that does not oblige introductory assets to setup. Such adaptability permits the association to handle the present issues in the business. It would likewise empower the organization to get to the present expenses in the business environment keeping in mind the end goal to focus their suitability in communicating with the different monetary needs in the association. The appraisal of the present expenses legitimizes the way of the expense experts working as business accomplices. Copyright 2014 by University of Phoenix. All rights reserved. I agree because... 1 Standard Cost and Variance Analysis ACC/400 Version 2 Tarlisha Barksdale, Cassandra Brown, Jennifer Hall, Felicia Rodriguez, Enedina Ruiz \"The accounting focus will shift from variance analysis to understanding the underlying cost structure of a product or process, highlighting significant cost trends, identifying cost reduction opportunities and educating operations personnel on the financial impact of their day-to-day decisions.\" \"The analyst's role will become proactive instead of reactive.\" Analyst will now have to improve his/her decision making skills which can happen by concentrating on his predictive analysis skills. This will make him/her proactive. In this reactive role, the analyst was making decision based on the past which isn't good for future complex decision making. Since the analyst used to react for the event that has already happened in the past, many a times he might not be able to change the future outcome of that event. Disagreements: Author's Comment I disagree because... Copyright 2014 by University of Phoenix. All rights reserved. I disagree because... 2 Standard Cost and Variance Analysis ACC/400 Version 2 Tarlisha Barksdale, Cassandra Brown, Jennifer Hall, Felicia Rodriguez, Enedina Ruiz \"In the future, I envision more companies moving toward actual cost systems. Standard cost variance analysis will no longer be required because inventory transactions will be recorded at actual cost.\" \"This change will free up significant resources in the finance department and will allow cost analysts to function more as business partners within the organization.\" Actual costing uses the actual cost of materials and labor to calculate production costs. Under actual costing each month's actual costs and each month's actual production volume are used to assign overhead costs. This type of costing system is a useful tool for those companies that have stable production volume each month. I disagree with this statement since most companies do not normally have a stable production volume, and/or regularly faces questions from its investors. These companies will experience month to month fluctuations in activity, and the actual monthly overhead rates will likely vary from month to month. Which the results will have inconsistencies in the valuation of production cost. Comapnies will still need a standard cost to estimate their unit cost for planning purpose. The organization helps expenses focus on a specific end goal to later use as a guide on the expense setting and value setting within the association. The nonattendance of expense targets does not legitimize the accessibility of free assets. This is on account of even without the changes to the real costing approach, the organization can in any case free up its assets. I also feel that announcement overstates the effects on the changes to a real costing framework. Since, the genuine costing frameworks just spotlights on the present costs and does not offer substantive grounds to advance business organizations and engagements. Copyright 2014 by University of Phoenix. All rights reserved. 3 Standard Cost and Variance Analysis ACC/400 Version 2 Tarlisha Barksdale, Cassandra Brown, Jennifer Hall, Felicia Rodriguez, Enedina Ruiz \"The accounting focus will shift from variance analysis to understanding the underlying cost structure of a product or process, highlighting significant cost trends, identifying cost reduction opportunities and educating operations personnel on the financial impact of their day-to-day decisions.\" \"The analyst's role will become proactive instead of reactive.\" This will require additional costs as regards the turnaround measures to be adopted by a company. Some solutions provided may need additional use of costs and available resources. It is not necessary that cost analysts will be able to function as business partners within the organisation, as though the decisions taken may be for the better future of the Company, a working of the cost-benefit also needs to be reviewed before implementing the same. Another reason for disagreeing with this statement is that the transition from reactive to proactive is not easy and it will require a lot of patience on part of analyst. Copyright 2014 by University of Phoenix. All rights reserved. 4