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Essay / Research Paper Abstract
This four page paper offers answers to some accounting questions regarding fictitious company Peoria Implements. Discussions include cost drivers, high-low methods and visual fit methods of accounting. Bibliography lists 2 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MTpeoimp.rtf
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Unformatted sample text from the term paper:
farm tools. The questions to be absurd concern to a specific chart regarding to cost drivers -- the number of units produced of the implements and number of setups
required to produce the implements. The answers to the questions are based on the two charts. Before continuing, it would be
helpful to determine what, exactly, a cost driver is. In its most basic term, a cost driver is an activity or series of activities taking place in organization, one
that causes costs to be incurred (Venture Line, 2003). Cost drivers are typically used in systems of activity-based costing in order to charge costs to products or services (Venture Line,
2003). Monthly Fixed Maintenance vs. Variable Maintenance (Visual Fit Method) This first question requires that we find the monthly fixed maintenance cost
and variable maintenance cost per driver unit using the visual-fit method, based on each potential cost driver. According to the case study, the information we are given is the
annual salary of the maintenance mechanic at $25,000 -- which is considered a fixed cost. However, we are not given much more of a breakdown than that.
The visual fit method is less of the calculation and more of and "eyeball" method. By using the cost driver of units produced,
we can estimate at the highest and, a cost approximately $26,000 to produce a little more than 3000 units, while it cost only approximately $20,000 to produce closer to 4000
units. In addition, another linear possibility was the $15,000 it took to produce approximately 1500 units. Although the scatter graph is somewhat although the place on this one,
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