Use the Internet to research at least three top manufacturing companies. Be prepared to discuss. DQ
Question:
• Use the Internet to research at least three top manufacturing companies. Be prepared to discuss.
• DQ # 1 Complete the e-Activity. Next, imagine that you have been hired as the production manager of a manufacturing company and must determine the best inventory costing system to implement. Discuss the key factors that must be considered before making the determination.
• DQ # 2 As a production manager, one of your key tasks is to improve efficiencies by either increasing productivity or reducing cost. Determine whether the responsibility reports needed to track performance should be created by department, function, or manager, using a costing method of your choice. Based on the costing method you selected, determine the type of data needed to track and evaluate performance to control costs such as cost per unit, cost per hour, etc.
• DQ # 3 Many companies in the manufacturing, financial services and health care industries are currently using activity based costing. Some examples include UPS, USPS, FedEx, Ford Motors, and many Hospitals. What are some difficulties that must be overcome when implementing ABC in a service-based company?
• DQ # 4 I have not taught cost/managerial accounting for a few years. I am unclear as to whether inventory costing and production costing is the same? Enlighten your Professor.