“Perception” Please respond to the following:
You have been immersed in the world of managerial accounting (i.e., cost accounting) for seven (7) weeks. At this point in the course, what is your assessment of cost/managerial accounting from a provider perspective?
Now imagine that you are the user, not the provider. Explain whether or not your assessments have changed, and explain why or why not. As a user, describe how you would use two (2) of the variances calculated to make better management decisions.
“Debate It!” Please respond to the following:
Absorption costing and other methods make it possible to manipulate operating income raising some serious ethical concerns. Construct an argument either for or against the use of absorption costing (or similar methods) in terms of its ethical ramifications.
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