Managerial Accounting Basics

Lesson 1: Managerial Accounting Basics
Upon completion of the Required Readings, write a thorough, well-planned narrative answer to the following discussion question. Rely on your Required Readings and the Lecture and Research Update for specific information to answer the discussion question, but turn to your original thoughts when asked to apply, evaluate, analyze, or synthesize the information. Your Discussion Question response should be both grammatically and mechanically correct, and formatted in the same fashion as the question itself. If there is a Part A, your response should identify a Part A, etc. In addition, you must appropriately cite all resources used in your responses and document in a bibliography using APA style.
Discussion Question 2 (50 points)
Chapter 3 presents more basic cost accounting concepts and applications. Based upon the readings from Chapter 3, answer the following. (50 points) (A 1-page response is required.)
a. Complete a solution set for Fundamental Assignment Material Exercise 3-Al, “Activity Analysis” only (p. 106).
b. Complete a solution set for Fundamental Assignment Material Exercise 3-A2, “Division of Mixed Costs into Variable and Fixed Components” (p. 106). Be sure to show how you arrive at all numerical figures and provide justification or rationale for your recommendations.
Grading Rubric
Please refer to the rubric on the following page for the grading criteria for this assignment.