Cost Accounting Week 2- The Role of Accounting Information

Cost Accounting

Week 2: The Role of Accounting Information in Management Decision Making

 

Week 3: The Cost Function

 

Week 4: Cost – Volume – Profit Analysis

 

Instructions:

 

· Students must include these details (Name, Student ID, CRN, Date of submission)

 

· Do NOT  remove the questions in the answer papers. But write your answers below each question.

 

· Answer the ALL questions.

 

· Assignments should be submitted in MS Word format

 

· Font should be Times New Roman with 14 points.

 

· You are required to work in this assignment individually.

 

· You should submit the assignment via the Blackboard.

 

· Students who submit assignments after deadline, will get ZERO.

 

· If you engaged in plagiarism, you will get ZERO marks in the assignment or course.

 

Q1. How can managers make higher-quality decisions? Give an example of decision made by one company and discuss how the mangers will make high quality decision? (3 Points)

 

Q2.         Give a numerical example of cost function and analyze this cost function? Discuss how is this cost function used in decision making? (3 Points)

 

Q3. Find a numerical example of cost-volume-profit (CVP) analysis, and analyze how CVP analysis is used for decision making? (4 Points)