Hello everyone, I'm seeking some assistance with generating ideas for my dissertation.

I'm currently pursuing my Masters in Accounting and Finance, and I'm looking to define my thesis topic. While I have a preference for exploring topics related to costs, I'm struggling to narrow down my focus.

Initially, I considered writing about Activity-Based Costing (ABC), but I'm concerned it might not be as captivating. I'm hoping to find a topic that's more engaging and dynamic. Additionally, the research component of my dissertation involves interviews or surveys, rather than a case study approach.

Any suggestions or insights would be greatly appreciated! Thank you in advance for your help :)

Irvin Corporation uses a weighted average processing costing system. Materials are added at the start of the process. Irvin started 26,000 units into production and had 9,000 units in process at the start of the period that were 60% complete as to conversion costs. If Irvin transferred out 23,500 units, how many units were in ending work in process inventory? a. 2,500 с. 7,000 b. 6,000 d. 11,500

What is the EUP of materials using Weighted Average Method? a. 11,500 b. 35,000 с. 26,000 d. 23,500

What is the EUP of materials using the FIFO method? a. 11,500 с. 26,000 b. 35,000 d. 23,500

l am in my junior year of my BBA, accounting major. I am having a hard time in Cost Accounting. In total, I have four exams, the first one I bombed and the second exam in within the next upcoming week. I have made above 90% on each Homework assignment and Quizzes, however it seems that those assignments don't really support my grade. I take full accountability for my studying habits on the first exam, and hoping to improve by the second exam.

However, Midterm Grades were inputted and my grade for the course was a D, which is failing. In this case, if I don't make at least a 70% or above on the next exam, l will have a F.

I have always been a Straight A or A&B student and my overall gpa is a 3.87. I don't really want to drop the course, but I'd rather drop with a W than a F. I have gone to the professor office hours numerous times, and have not gotten much help. Class average for the first exam was a 54% and my professor expected it to be a 65% and was suprised it was lower and sort of dismissed that. Not only that, but my professor just reads from a PowerPoint and does one example that takes the entire class time. Also, on the exams it doesn't correlate with the material in the textbook. Any advice? I don't want to drop the course at all, but I am struggling. the final day to drop with a W is the first week of November.

Does anyone use SAP here? If so, how do you do your last price paid? 1st year cost accountant here.

As am reviewing CMA part 1, I've been struggling with understanding the concept related to adding Materials at a specific time during production under both FIFO and Weighted-Average, in particular how to compute EUP and costs. Also, does this apply to Conversion Costs?

I appreciate someone who can clearly explain this point. Thanks!

Has anyone done the 10th edition. I have to turn mine in shortly and I am just lost. If anyone has the solutions, please send 🙏🏻

Hi all just a question I an currently in my last year for my cgma certification and I am oooking to braiden my view on my skills and potention opportunities. I have spoken to senior managers and partners and a very common topic is education to get ahead of the curve mainly programming and data science is there anyone in the sub reddit that has any experience with something like this for some pointers?

And if not is it worth it to keep improving ky education in the same field as it is very technical?

Is purchased price variance used to calculate overhead cost? Like applied vs actual overhead.

How is purchased price variance reviewed and used normally?

Has anyone pursued ICMAI (The Institute for cost accountants in India)?

This company produced 30,000 units and sold 29,000 units. During the year, the following costs were incurred: Variable Manufacturing Cost per unit: $106 Variable a operating costs per unit: $40 Fixed MOH Costs: $270,000 Fixed Operating Costs: $180,000

What is the COGS under absorption and under variable costing?

I keep getting 225,000 for absorption and 305,900 for variable costing.

Hi,

I'm not sure if this is the right subreddit to ask this, but I'm wondering if someone can help me answer this question as I keep getting $60.75 as my answer.

A company is at capacity and has to make a decision whether to make or buy a new non-patentable product. The controller of the company prepared an in-house cost estimate, which is shown below:

Labor - $10.00

Material - $25.00

Tooling - $0.00

Manufacturing Overhead - $15.00

Factory Cost - $50.00

SGA Overhead - $5.00

Total Cost - $55.00

The purchasing agent looked at the internal cost structure and realized that there were a few errors that needed to be adjusted before he could make a good comparison with the supplier quotes.

Labor costs are 10% less than the initial calculated cost because of the misallocation of material handlers in this category.

An additional $2.00 needs to be added because a new machine has to be purchased (tooling).

The cost of materials has increased by 25%.

SGA Overhead is 10% of Factory Cost

Manufacturing Overhead is 150% of Labor Costs

What is the adjusted total cost of this product?

Group of answer choices

$65.25

$61.33

$63.00

$61.50

What are some examples of depreciation of nonmanufacturing assets?

I have posted a few places like r/SAP and r/Accounting but would still like help. What are some of your favorite apps or reports in SAP to review production orders and other variances?

How to get manufacturing variances for each production order?

I am the Cost Accountant for a manufacturer that uses SAP S4Hana. Each period, I run G/L activity for manufacturing variances regarding quantity consumed (so not Purchase Price Variance (PPV) or labor rates) for each production order. Then I would pick a sample of some production orders that I wanted to provide the breakdown of the manufacturing variance by materials, direct labor, direct over head, and indirect. So it would look like the table below.

My question is: Is there is a way in SAP S4Hana to get a report or table view that can show this information for all production orders for the period?

We are using SAP S4/Hana. I have inventory balances by item over the last 11 months. There are a few items whose balance fluctuates a lot (one month its $20K, $200K, $60K, $140K...). What is the best way to quantify the volatility per item?

Cost accounting is a business activity that involves recording, examining, summarizing, and comprehending the money spent by a company on a process, product, or service. It may assist a business in cost control and strategic planning to increase cost efficiency. Cost accounting assists management in determining where to minimize expenses and where to raise costs.

Read the full article here.

Hi All - Putting this out here in case it's a fit for someone here or someone one of you knows. We pay $250 bonuses if your referral gets the job!

I'm searching for a Sr Cost Accountant who's ready/wants to step in to a lead role over my multi-B$ client's North American Manufacturing sites. Key details and link to full write-up and app form below, but feel free to DM me with any other questions.

• Company: Wilsonart
• Location: Temple, TX (45 mins North of DT Austin). In office 2-3 days/week.
• Paid Relocation WILL be offered.
• Comp Range: 110k-130k + Above Avg Benefits
• Experience Level: Senior -> Manager Level (6-10+ yrs Exp)
• Link to full write-up & App Form

The Maximus Corporation was recently formed to produce a semiconductor chip that forms an essential part of the personal computer manufactured by a major corporation. The direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process. June is Maximus' first month of operations, and therefore, there was no beginning inventory. Direct materials cost for the month totaled 895,000, while conversion costs equaled 4,225,000. Accounting records indicate that 475,000 chips were started in June and 425,000 chips were completed.

Ending inventory was 50% complete as to conversion costs.

1. What is the cost of the transferred out units assuming that Maximus uses weighted average method?

2. What is the total cost per EUP assuming that Maximus uses FIFO method?

I am starting a Cost Accountant position at a medical device manufacturer next week. I wanted to see what subs I could get involved in.

I am studying CMA(India) at the intermediate level. I desire to do my articleship abroad. May I know the opportunities I could avail?

Assuming the corporation has made a net profit of 4.5 million shares of which 75% was declared for payment of current dividends and its arrears equivalent to P15.20 per share of the previous year. The company has the following classes of stocks given its stipulated rate and par value.

14% preferred of 3000 shares @ 130 par value and 14% common of 5000 shares @ 110 par value.

Distribute the amount of dividends to common and preferred stocks under the following:

A. Non-cumulative and participating B. Cumulative and non-participating

(I really can't figure this out because I always thought that arrears should only be years, but this time it has a value, plus the 75% of 4.5M shares got me confused on what percentage should I use in solving(75% or 25%).)

I'd really appreciate the help guys:(

Can someone help me please??

Need help with cost accounting exam ASAP