working extra hours need some help
Not what you're looking for?
The CFO told you that the front line supervisors are not very good at understanding accounting data and how it can help them control costs. He asked you to meet with all of them to discuss the following points:
- What is the profit formula, and how can understanding the profit formula help give focus to the organization's cost-reduction efforts?
- Describe and explain at least 4 of the different types of cost categorization methods:
- One must be fixed costs versus variable costs
- One must be value-added versus non-value-added costs
The other two can be of your choice
- Which of the 4 methods is the most meaningful method to categorize costs, and why did you choose that one?
- Explain how different scheduling methods can impact a firms costs
Purchase this Solution
Solution Summary
Summary of the gross profit definition, the different types of categorization costs, and how scheduling methods can reduce costs.
Purchase this Solution
Free BrainMass Quizzes
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Operations Management
This quiz tests a student's knowledge about Operations Management