|Due By (Pacific Time)
||08/12/2017 12:00 am
Choose one of the options below.
Option 1) Consider your current organization, describe how costing is used or could be used to better understand the financial breakdown of products and/or services delivered. Would this information support you in your current role and/or aspired-to role? Have you seen instances where costing is not used effectively or could be better leveraged?
Option 2) Identify a significant cost within your department. Identify the following:
· Whether the cost behavior is fixed, variable, or semi-variable Identify whether the cost traceability is direct materials, direct labor, or overhead.
· To what extent is this cost controllable by your department?
· How does your department track the cost and try to optimize it?
· Would you recommend any changes to the management of the costs?
Initial response due by Wednesday midnight CST, and 2 peer responses by Sunday.
· Learning Journal
(Due: Sunday, Midnight of Week 6)
Summarize the most important concepts and approaches you have learned this week. Provide at least one concrete example of how you will apply a key principle or idea in your workplace or professional life.