Cost Accounting Project - Please if you have no idea of the job DO NOT CONTACT ME a professor on this site already started it lots of errors and not completed.

ACC 550 Milestone Three Guidelines and Rubric Overview: The final project for this course is the creation of a quantitative analysis that includes an Excel spreadsheet accompanied by a memo to management. Accountants provide management with the logistics of the business that are crucial for daily operations and a company’s overall success. In any business, it is of the utmost importance to be aware of all finances and internal processes. Cost accountants focus solely on the internal processes of a business and are tasked with eliminating any unnecessary costs in order to maximize profits. For the final project, you have been tasked with conducting a quantitative analysis that looks into the internal processes of a company. Based on your analysis, you will formulate recommendations to management that aim to improve internal processes and increase profits for the company. Prompt: For this milestone, submit a draft of the alternative costing method section of the final project (Section IV), including all of critical elements listed below. Refer to the Hampshire Company Case Study document, as this provides details on how to complete this milestone. All calculations for your quantitative analysis should be completed in the Hampshire Company Spreadsheet. You will provide a rough draft of your qualitative analysis in a Word document. Specifically, the following critical elements must be addressed:

IV. Alternative Costing Method There are various costing methods available for companies to implement. As a company grows, it may become beneficial to consider an alternate costing method.

A. Identify an alternative costing method that could benefit this company, and describe the main characteristics of that method. B. What should a company look for when trying to determine whether they should adopt such a system? C. Should the company adopt this alternative costing method? Defend your response.

If you would like a refresher course on using various features of Excel, sign in to Atomic Learning and type “Excel” in the search box. This will provide you with options to select the specific level of training that you need (intro, intermediate, or advanced) and the specific version of Excel that you have (e.g., 2011 or 2013). The trainings are broken down into small, meaningful chunks. Therefore, you should be able to find specific topics at each level that will meet your needs. Guidelines for Submission: The written portion of this submission must be a two- to three-page Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style. Use the Hampshire Company Spreadsheet to submit your calculations as an Excel file. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions.

Rubric Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value

Alternative Costing Method: Main Characteristics

Identifies alternative costing systems and describes the main characteristics of each

Identifies alternative costing systems but does not describe the main characteristics of each, or identification or description contain inaccuracies

Does not identify alternative costing systems 30

Alternative Costing Method: Adopt

Determines what the company should look for when deciding to adopt an alternative costing system and supports response with examples

Determines what the company should look for when deciding to adopt an alternative costing system but does not support response with examples

Does not determine what the company should look for when deciding to adopt an alternative costing system

30

Alternative Costing Method: Method

Determines whether the company should adopt the alternative costing method and defends response

Determines whether the company should adopt the alternative costing method but does not defend response

Does not determine whether the company should adopt the alternative costing method

30

Articulation of Response

Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas

10

Earned Total 100%