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Cost Accounting System Recommendation for Cool Air Inc.

Cost Accounting System Recommendation for Cool Air Inc.
Order ID# 45178248544XXTG457 Plagiarism Level: 0-0.5% Writer Classification: PhD competent
Style: APA/MLA/Harvard/Chicago Delivery: Minimum 3 Hours Revision: Permitted
Sources: 4-6 Course Level: Masters/University College Guarantee Status: 96-99%

Instructions

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Cost Accounting System Recommendation for Cool Air Inc.

Overview

The selection of a cost accounting method is a crucial step in managing company finances. The business type often dictates this choice. In this assignment, you consider three methods of cost accounting and evaluate which is best for the company described.

Scenario

Imagine that the CIO of Cool Air Inc., a ceiling fan company where you have recently been hired as an accountant, has asked you to recommend and justify an appropriate cost accounting system. This is an important opportunity for you. You recognize that the CIO knows the best method but wants to test your understanding of cost accounting and how you articulate your ideas and positions.

Company Background

Cool Air produces several models of ceiling fans. Assembling a ceiling fan involves several specific steps that require machinery, labor, and support from multiple departments.

  • Components:
    • Remote control.
    • Fan housing.
    • Power switch.
  • Departments include:
    • Production scheduling.
    • Materials receiving.
    • Research and development.
    • Machine maintenance.
    • Product design.
    • Parts administration.
    • Final product inspection.
    • Materials handling.

The CIO identifies three cost accounting method possibilities that you should consider: Activity-based costing (ABC), job costing, and process costing.

Instructions

Write a 3-4 page recommendation to the CIO justifying the costing system that is most appropriate for the company described in the scenario above. Your recommendation should do the following:

  • Compare the three costing systems in a way that highlights differences in how they would impact the company’s operations and finances.
  • Justify your choice of an appropriate costing system for the company that includes an explanation of the criteria that you considered and clear evidence of why it is chosen over the other methods.
  • Analyze the most significant impact of implementing your costing system choice on company finances.
  • Analyze the most significant impact of implementing your costing system choice on company operations.

This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.

The specific course learning outcome associated with this assignment is:

  • Justify the choice of a cost accounting system for a business.

RUBRIC

Excellent Quality

95-100%

 

Introduction

45-41 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Literature Support

91-84  points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Methodology

58-53 points

Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.

Average Score

50-85%

40-38 points

More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.

83-76  points

Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.

52-49  points

Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.

Poor Quality

0-45%

37-1 points

The background and/or significance are missing. No search history information is provided.

75-1 points

Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.

48-1 points

There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met

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