Momo is producing earrings and other DIY products. Momo always has it's own special product every...

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Momo is producing earrings and other DIY products. Momo always has it's own special product every month. In February, Momo produces it's signature earrings called Bloom, the earrings only produce in February until Mid-March and will be sold in February and March. They use French Hooks, Beads, Headpins, and Round Nose Pliers. They also use all of the French Hooks, Beads, and Headpins for all the other unique earrings based on customer design. You're hired by the company to maintain their finance and also their management report that related to financing and accounting. Question 1: What should you do as the management accountant in the company? Explain the answer using steps you should do first when you working in a company and what kind of activity that you can do as management accountant that relate to decision making, planning, and control. Question 2: Based on your opinion, which costing method is more effective used for Bloom and for other unique earrings? Are they using the same costing method or different costing method? Explain your answer based on the description of each method and your arguments. Momo is producing earrings and other DIY products. Momo always has it's own special product every month. In February, Momo produces it's signature earrings called Bloom, the earrings only produce in February until Mid-March and will be sold in February and March. They use French Hooks, Beads, Headpins, and Round Nose Pliers. They also use all of the French Hooks, Beads, and Headpins for all the other unique earrings based on customer design. You're hired by the company to maintain their finance and also their management report that related to financing and accounting. Question 1: What should you do as the management accountant in the company? Explain the answer using steps you should do first when you working in a company and what kind of activity that you can do as management accountant that relate to decision making, planning, and control. Question 2: Based on your opinion, which costing method is more effective used for Bloom and for other unique earrings? Are they using the same costing method or different costing method? Explain your answer based on the description of each method and your arguments.

Answer rating: 100% (QA)

The best suitable method is Batch costing It is an extension of job costing A batch is a group of id... View the full answer