Answer and Study Groups
To be or not to be that is the question for whatever is to be is not to be that is the problem.
Disclaimer: I worked with several study groups (which had several different answers). I decided to go with this answer after many hours of hitting my head against the wall. I can’t really say I understand this problem fully.
1) Sippican does need a new cost system. Sippican has calculated variable cost well but simply using variable cost for your cost system will lead to inaccurate outlook on their operations. They will not understand the profitability of their operation until they allocate both fixed and indirect cost. Specifically they need to account for indirect material and labor.
To be or not to be that is the question for whatever is to be is not to be that is the problem.
Disclaimer: I worked with several study groups (which had several different answers). I decided to go with this answer after many hours of hitting my head against the wall. I can’t really say I understand this problem fully.
2) Sippican does need a new cost system. Sippican has calculated variable cost well but simply using variable cost for your cost system will lead to inaccurate outlook on their operations. They will not understand the profitability of their operation until they allocate both fixed and indirect cost. Specifically they need to account for indirect material and labor. 3) Below
To be or not to be that is the question for whatever is to be is not to be that is the problem.
Disclaimer: I worked with several study groups (which had several different answers). I decided to go with this answer after many hours of hitting my head against the wall. I can’t really say I understand this problem fully.
4) Sippican does need a new cost system. Sippican has calculated variable cost well but simply using variable cost for your cost system will lead to inaccurate outlook on their operations. They will not understand the profitability of their operation
Disclaimer: I worked with several study groups (which had several different answers). I decided to go with this answer after many hours of hitting my head against the wall. I can’t really say I understand this problem fully.
1) Sippican does need a new cost system. Sippican has calculated variable cost well but simply using variable cost for your cost system will lead to inaccurate outlook on their operations. They will not understand the profitability of their operation until they allocate both fixed and indirect cost. Specifically they need to account for indirect material and labor.
To be or not to be that is the question for whatever is to be is not to be that is the problem.
Disclaimer: I worked with several study groups (which had several different answers). I decided to go with this answer after many hours of hitting my head against the wall. I can’t really say I understand this problem fully.
2) Sippican does need a new cost system. Sippican has calculated variable cost well but simply using variable cost for your cost system will lead to inaccurate outlook on their operations. They will not understand the profitability of their operation until they allocate both fixed and indirect cost. Specifically they need to account for indirect material and labor. 3) Below
To be or not to be that is the question for whatever is to be is not to be that is the problem.
Disclaimer: I worked with several study groups (which had several different answers). I decided to go with this answer after many hours of hitting my head against the wall. I can’t really say I understand this problem fully.
4) Sippican does need a new cost system. Sippican has calculated variable cost well but simply using variable cost for your cost system will lead to inaccurate outlook on their operations. They will not understand the profitability of their operation