Answer the questions using at least 3 of the sources provided, can use additional of your choice Keep in numbering format, this is not a papeer just answer questions with sources cited:
1. If a product line is generating a loss, should it be dropped? Explain your answer of yes or explain your answer of no2. How will relating product contribution margins to the amount of the constrained resource they consume help a company maximize its profits?
3. Distinguish between a traceable cost and a common cost. Give three (3) examples of each.
Sources:
Silva, v. D., novaes, a. G., scholz-reiter, b., & piotrowski, j. (2013). The problem of collaboration in manufactured goods exportation through autonomous agents and system dynamic theories. International journal of industrial engineering, 20(1/2), 114-125.
Barrett, C. (2007). Manufactured Cost or Sales Price, Part III. Traffic World, 271(6), 38.
Akinkugbe, O. (2009). Trade facilitation and africa’s manufactured goods’ export: a panel data analysis. Journal of developing areas, 42(2), 77-88.
7-Christesen C (2015), Preparing a Cost of Goods Manufactured Schedule. [Video File]. Retrieved from: https://www.youtube.com/watch?v=4Oit9o2q-WU (7:49)
- Krumwiede, K. R., & Walden, W. D. (2013). Dream Chocolate Company: Choosing a Costing System. Issues In Accounting Education, 28(3), 637-652. doi:10.2308/iace-50464.
- Miina, A. (2013). Critical success factors of lean thinking implementation in Estonian manufacturing companies. Baltic Journal Of Economics, 13(1), 113-114.
- Lee, R. T. (2016). Fixed and Variable Costs: When Accounting Is the Opposite of Cash Flow Reality. Journal Of Corporate Accounting & Finance (Wiley), 27(4), 31-35. doi:10.1002/jcaf.22158.
- Wink, G. B., & Corradino, L. J. (2010). INCOME INFLATION: ABSORPTION COSTING VS. VARIABLE. Journal Of The International Academy For Case Studies, 49-54.
- Said, H. A. (2016). USING DIFFERENT PROBABILITY DISTRIBUTIONS FOR MANAGERIAL ACCOUNTING TECHNIQUE: THE COST-VOLUME-PROFIT ANALYSIS. Journal Of Business & Accounting, 9(1), 3-24.
- Machuga, S., & Smith, C. (2013). A Case Method Approach of Teaching How Cost-Volume-Profit Analysis is Connected to the Flexible Budgeting Process and Variance Analysis. Journal Of Accounting & Finance (2158-3625), 13(6), 178-192.
- Plehn, G., Butz, T., Maagh, P., & Meissner, A. (2017). Effect of patient’s age on the profitability of inpatient cardiac catheterization: a contribution margin analysis of frequently performed procedures over a 5-year period. BMC Health Services Research, 17(1), 49. doi:10.1186/s12913-017-1999-4.
Videos
- Absorption Costing. Retrieved {Video file]. Retrieved from from: https://www.youtube.com/watch?v=89dZ40QRPPA (20:08)
- Bell T (2013) , Variable vs Absorption Costing Part 1 [Video file]. Retrieved from: https://www.youtube.com/watch?v=-QPU6I3K2w4 (5:19).
- Bell T (2013), Variable vs Absorption Costing Part 2 [Video File]. Retrieved from https://www.youtube.com/watch?v=dWCw4Uq_IjY (8:46).
- Bell, T (2013), Variable vs Absorption Costing Part 3 [Video File].. Retrieved from https://www.youtube.com/watch?v=kO0RmWWPXdM (8:00).
- Riley J (2016), Breakeven Analysis: Contribution & Contribution per Unit [Video File]. Retrieved from: https://www.youtube.com/watch?v=mN8dGY57IBk (9:24).
- Doug H (2014), Create a Break-Even Analysis Chart [Video File]. Retrieved from:https://www.youtube.com/watch?v=NqPU0gTLw5g (12:52).
- Routh B (2015). Process Costing versus Job Costing [Video file]. Retrieved from: https://www.youtube.com/watch?v=tVY3OXlIHsk (3:47).
- Job Order Costing [Video File]. Retrieved from https://www.youtube.com/watch?v=U1FnEAX-7UM
- CA N Raja (2017), Natarajan Difference between Job Costing and Process Costing [Video file]. Retrieved from: https://www.youtube.com/watch?v=gwyhrYe9rTo (1:40).
- Blazer E (2013), Process Costing Weighted Average Method [Video File]. Retrieved from: https://www.youtube.com/watch?v=WxZc_HuxNh8 (4:4
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