FASB ASC 7-4: The concept of current cost is discussed in the FASB ASC Find three references to current cost in the FASB ASC Cite and copy these references.I need help with this question. you will have to log in to http://www2.aaahq.org/ascLogin.cfm thanks

Using your favorite search engine, choose a product that you are interested in learning more about, including how the product is manufactured. After you have located information about the product, answer the following questions about it. What is a description of the product, and what company makes it? What is the process used to manufacture the product? Name the raw materials and indirect materials used in its manufacturing. Who would be considered direct and indirect labor in the making of this product, and why? Using the cost-plus pricing approach, what target selling price would you set for the product? Explain why you chose this price. Assume you are the owner of the company that produces the product. You have been offered the option to outsource the product’s component parts instead of making them. What cost factors would need to be considered? Does it make more financial sense to outsource these parts? Explain with examples/assumptions. Assume the product was being made on an old piece of machinery that is slowing down production and causing delayed completion times. You have been given the option to either buy a new replacement piece of machinery or have this current machine reworked/repaired. Which option would you chose? What factors would be considered? State all assumptions and be sure to describe how incremental analysis would be used to make this decision. Your project should consist of at least two pages, not counting a title page (if included) or references page. You must use at least two references, one of which can be your textbook. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary. Resources Who would be considered direct and indirect labor in the making of this product, and why? Using the cost-plus pricing approach, what target selling price would you set for the product? Explain why you chose this price. Assume you are the owner of the company that produces the product. You have been offered the option to outsource the product’s component parts instead of making them. What cost factors would need to be considered? Does it make more financial sense to outsource these parts? Explain with examples/assumptions. Assume the product was being made on an old piece of machinery that is slowing down production and causing delayed completion times. You have been given the option to either buy a new replacement piece of machinery or have this current machine reworked/repaired. Which option would you chose? What factors would be considered? State all assumptions and be sure to describe how incremental analysis would be used to make this decision. Your project should consist of at least two pages, not counting a title page (if included) or references page. You must use at least two references, one of which can be your textbook. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary. Resources The following resource(s) may help you with this assignment. Citation Guide CSU Online Library Research Guide Submit Writing Center Request Submit Unit IV Project » × Unit IV Project CriteriaAchievement LevelLevel 1Level 2Level 3Level 4Level 5Introduction(20 points) 0 - 11 Presents little to no coherent information on the topic to engage the reader in the paper. Components of the thesis and/or summary of main points may be missing. The point of view may be unclear or too general. Provides no road map for the paper or provides one that does not accurately reflect the paper’s content. 12 - 13 Fails to provide enough background to truly engage the reader in the topic. Presents the essay’s thesis and a summary of main points so that the writer’s point of view or interpretation is fairly clear, but several components may be missing. Provides a road map for the paper that may require a lot of work. 14 - 15 Somewhat engages the reader with background information on the paper topic. Presents the essay’s thesis and a summary of main points so that the writer’s point of view or interpretation is somewhat clear, but a few components may be missing. Provides a road map for the paper that may need some work. 16 - 17 Mostly engages the reader with some form of creative “hook” and basic background information on the paper topic. Presents the essay’s thesis and a summary of the main points, mostly clarifying the writer’s point of view or interpretation, but a component may be lacking or need work. Provides a fairly clear road map for the paper either in the thesis statement or body of the introduction. 18 - 20 Engages the reader in the topic with some form of creative “hook” (such as a story, quote, example, etc.) and provides a clear background for the topic so that readers can gain an understanding of the purpose of the paper. Clearly presents the essay’s thesis and a summary of the main points that clarify the writer’s point of view. Provides a clear road map for the paper either in the thesis statement or body of introduction.Quality of Discussion (45 points) 0 - 26 Unclear, often because thesis is weak or nonexistent. Few to no topic sentences. Little or no evidence of critical thinking. Transitions are weak and often confusing. 27 - 31 Generally unclear, often wanders or jumps around. Little critical thinking is evident. Some transitions may be missing or weak. Several paragraphs may lack strong topic sentences. 32 - 35 Fairly clear and appropriate, although may wander occasionally. Shows an effort to think critically. Some transitions may be weak. A few paragraphs may lack strong topic sentences. 36 - 40 Mostly clear and appropriate, although may wander occasionally. Provides evidence of critical thinking. Transitions are adequate. One or two paragraphs may lack strong topic sentences. 41 - 45 Clear and appropriate. Provides strong evidence of critical thinking. Makes use of excellent transitions. Paragraphs contain strong topic sentences.Organization (15 points) 0 - 8 The organization is hard to follow; ideas are not linked together and/or may be fragmented. Lacking any logical grouping of ideas or transitions from one idea to the next. 9 - 10 The organization is mostly unclear and could be arranged in a more logical way. Some ideas are linked together, but some ideas are fragmented. There is little to no grouping of ideas or use of transitions. 11 - 11 The organization is fairly clear, but it could be arranged more logically to better support the proposed solution. Ideas are somewhat grouped together with a few transitions between groups. 12 - 13 The organization results in clarity and presents mostly logically arranged points to support the proposed solution. Ideas are grouped fairly well, and there are transitions throughout the document. 14 - 15 The organization results in clarity and presents logically arranged points to support the proposed solution. Related ideas are well grouped, and transitions between ideas flow smoothly.Writing Mechanics (10 points) 0 - 5 Writing lacks clarity and conciseness. Serious problems with sentence structure and grammar. Numerous major or minor errors in punctuation and/or spelling. 6 - 6 Writing lacks clarity or conciseness. Minor problems with sentence structure and some grammatical errors. Several minor errors in punctuation and/or spelling. 7 - 7 Writing is somewhat clear and concise. Sentence structure and grammar are strong and mostly correct. Few minor errors in punctuation and/or spelling. 8 - 8 Writing is mostly clear and concise. Sentence structure and grammar are strong and mostly correct. Few minor errors in punctuation and/or spelling. 9 - 10 Writing is clear and concise. Sentence structure and grammar are excellent. Correct use of punctuation. No spelling errors.Citations and References (10 points) 0 - 5 The majority of sources used are not academically reliable. Reference entries and in-text citations follow APA guidelines, but many errors are present. Several in-text citations do not have references and vice versa. 6 - 6 Some peer-reviewed papers are used along with non-academically reliable sources. Reference entries may somewhat follow APA guidelines; several major errors in in-text citations or references may be present. Some in-text citations do not have references and vice-versa. 7 - 7 Most sources used are peer-reviewed papers, though two or more sources are not academically reliable. Reference entries and in-text citations show effort to follow APA guidelines; several errors in in-text citations or references may be present. Most in-text citations are referenced and vice versa. 8 - 8 The number of sources meets any expressed assignment requirements, and all but one source is a peer-reviewed paper. Reference entries and in-text citations follow APA guidelines fairly well and are usually correct. All in-text citations are referenced and vice versa. 9 - 10 The number of sources meets or exceeds any expressed assignment requirements. Every source used is peer-reviewed or academic in nature. Reference entries and in-text citations follow APA guidelines and are free of errors. All in-text citations are referenced and vice versa.