Lackawanna ACC220 2021 November Module 3 Discussion (dq1+dq2) Latest

ACC220 Managerial Accounting

Module 3 Discussion

DQ1 Predetermined factory overhead

Factory overhead includes all manufacturing costs except direct materials and direct labor. Factory overhead costs come from a variety of sources, including  indirect materials and indirect labor.

Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs. Why use a predetermined factory overhead rate ? Please support your response with references for the maximum number of points.

DQ2 3D Printing

The use of technology has exploded in recent memory. We see a lot of companies using 3D printing and other technology. 3D printing is a technology that creates a three-dimensional product from an “additive” process. “Additive” means the product is built from plastic, metal, or other material that is built layer by successive layer until the final object is complete

 Explain how 3D printing could benefit  a job shop environment. How would the technology be used? Please give an example. How would  you classify the cost ( direct labor, direct material or factory overhead?)