Answer the questions using at least 3 of the sources provided, can use additional of your choice Keep in numbering format, this is not a papeer just answer questions with sources cited title page not counted in word count tally:
1. Discuss what is meant by the term operating leverage.
2. Explain how the segment margin differs from the contribution margin.
3. Distinguish between a cost center, a profit center, and an investment center.
4. How does Lean Production reduce or eliminate the difference in reported net operating income between absorption and variable costing?
Sources:
Krumwiede, K. R., & Walden, W. D. (2013). Dream
Chocolate Company: Choosing a Costing System. Issues In Accounting
Education, 28(3), 637-652. doi:10.2308/iace-50464.
Miina, A. (2013). Critical success factors of lean
thinking implementation in Estonian manufacturing companies. Baltic
Journal Of Economics, 13(1), 113-114.
Lee, R. T. (2016). Fixed and Variable Costs: When
Accounting Is the Opposite of Cash Flow Reality. Journal Of
Corporate Accounting & Finance (Wiley), 27(4), 31-35.
doi:10.1002/jcaf.22158.
Wink, G. B., & Corradino, L. J. (2010). INCOME
INFLATION: ABSORPTION COSTING VS. VARIABLE. Journal Of The
International Academy For Case Studies, 49-54.
Said, H. A. (2016). USING DIFFERENT PROBABILITY
DISTRIBUTIONS FOR MANAGERIAL ACCOUNTING TECHNIQUE: THE COST-VOLUME-PROFIT
ANALYSIS. Journal Of Business & Accounting, 9(1),
3-24.
Machuga, S., & Smith, C. (2013). A Case Method
Approach of Teaching How Cost-Volume-Profit Analysis is Connected to the
Flexible Budgeting Process and Variance Analysis. Journal Of
Accounting & Finance (2158-3625), 13(6), 178-192.
Plehn, G., Butz, T., Maagh, P.,
& Meissner, A. (2017). Effect of patient’s age on the profitability of
inpatient cardiac catheterization: a contribution margin analysis of
frequently performed procedures over a 5-year period. BMC Health
Services Research, 17(1), 49.
doi:10.1186/s12913-017-1999-4.
Videos
Absorption Costing. Retrieved {Video file]. Retrieved
from from: https://www.youtube.com/watch?v=89dZ40QRPPA (20:08)
Bell T (2013) , Variable vs Absorption Costing Part 1
[Video file]. Retrieved from: https://www.youtube.com/watch?v=-QPU6I3K2w4 (5:19).
Bell T (2013), Variable vs Absorption Costing Part 2
[Video File]. Retrieved from https://www.youtube.com/watch?v=dWCw4Uq_IjY (8:46).
Bell, T (2013), Variable vs Absorption Costing Part 3
[Video File].. Retrieved from https://www.youtube.com/watch?v=kO0RmWWPXdM (8:00).
Riley J (2016), Breakeven Analysis: Contribution &
Contribution per Unit [Video File]. Retrieved
from: https://www.youtube.com/watch?v=mN8dGY57IBk (9:24).
Doug H (2014), Create a Break-Even Analysis Chart
[Video File]. Retrieved from:https://www.youtube.com/watch?v=NqPU0gTLw5g
(12:52).
Routh B (2015). Process Costing
versus Job Costing [Video file]. Retrieved from: https://www.youtube.com/watch?v=tVY3OXlIHsk (3:47).
Job Order Costing [Video File]. Retrieved from https://www.youtube.com/watch?v=U1FnEAX-7UM
CA N Raja (2017), Natarajan
Difference between Job Costing and Process Costing [Video file]. Retrieved
from: https://www.youtube.com/watch?v=gwyhrYe9rTo (1:40).
Blazer E (2013), Process
Costing Weighted Average Method [Video File]. Retrieved from: https://www.youtube.com/watch?v=WxZc_HuxNh8 (4:4
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