BUS 630 WEEK 3 DISCUSSION 1 & 2

Required Resource

Text

Schneider, A. (2017).  Managerial Accounting: Decision making for the service and manufacturing sectors  (2nd ed.) [Electronic version]. Retrieved from https://content.ashford.edu/

· Chapter 5: Joint Cost Allocation and Variable Costing

· Chapter 8: Cost Control Through Standard Costs

 

Recommended Resource

Multimedia

Crosson, S. (2007).  PVA ABC JIT – 4 ABC example (Links to an external site.)  [Video File]. Retrieved from http://www.youtube.com/watch?v=eyH4l3VvOCU

Discussion 1  Allocating Joint Costs

Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your position with evidence from the text or external sources. Your initial post should be 200-250 words.

Guided Response: Review several of your classmates’ postings.  Respond to at least two of your classmates by asking a question to challenge their recommended allocation method.   Support your question and/or comments with evidence from the text or external sources.

Discussion 2 Variable/Absorption Costing

As you read in Chapter 8, there are arguments (for and against) variable costing and absorption costing. Select one of these costing methods and explore the various arguments.  Determine whether you are “for” or “against” this selected method. Provide evidence from the text to support your position. Your initial post should be 200-250 words.

Guided Response: Review several of your classmates’ postings. Respond to at least two of your classmates who explored a different costing method than your own by stating whether you agree or disagree with their position. Be sure to include cited support/examples to clarify your point of view.