ACC206 Week 3 Discussions 1 and 2 Must be original

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Discussion 1 Issues in Costing READ – Chapter Four – Costing methods WRITE – a minimum of 200 words addressing the following questions: •Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issues could be present. Discussion 2 READ – Chapter Five – Cost volume profit WRITE – a minimum of 200 words addressing the following questions: •We’ve all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, “Airline Industry Stock Outlook – July 2016 (Links to an external site.)Links to an external site..” Identify three factors that are affecting airline company’s ability to break even. For each of your factors, discuss how these have an impact on the breakeven (contribution margin, fixed costs, variable costs, a combination, etc.), and what happens if these factors increase or decrease.

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Tutor_Booth
School: UCLA

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Discussion 1: Costing Methods

There are several problems that a company encounters in the process of determining the
actual cost of a good or service that should be used in calculation of cost of goods sold;

1. Labor Costs

Cost of labor includes the total amount of cost of the work that enabled the good to be
manufactured or the service to be delivered. Normally direct labor cost is calculated by multiplying
the total number of workers required to complete the given task by the amount to be paid for the
labor per hour (Needles et al). However, the laborers also receive other benefits which make the
calculation of direct cost of labor more comple...

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Wow this is really good.... didn't expect it. Sweet!!!!

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