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explain managerial concepts as they pertain to business process costing

Business Process Costing
For this assignment, you will explain managerial concepts as they pertain to business process costing. You will select a business process, describe the inputs and outputs, and define the job roles. In your paper, you will evaluate the current process effectiveness, estimate the cost of the process, and propose any improvements for management’s consideration. Be sure you have reviewed the assigned chapters and required unit resources on business process management.
Instructions:
Consider a business process using a firm with which you are familiar. Business processes include the following tasks:
developing and managing products and services,
marketing and selling products and services,
managing customer service,
developing and managing human capital, and
managing information technology.
Once you have identified the firm and business process, select, describe, and discuss the business process by elaborating on the following information:
what starts and what ends the process (inputs and outputs),
what roles (jobs) participate in the process (map them),
the effectiveness of the current process,
the cost of the process (document any assumptions), and
any improvements for management consideration.
Your paper should be written in a Word document and should be a minimum of three pages in length. You should include at least two resources to support your paper. Adhere to APA Style when creating citations and references.

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Activity Based Costing (ABC) differ from traditional costing

How does Activity Based Costing (ABC) differ from traditional costing?  Which is better to allocate the cost of hospital X-ray equipment?  Why?

  Indirect costs must be allocated to assign them to activities that caused them to be incurred.  A significant indirect cost in Health Services organizations is the cost of Financial Services.  To allocate these costs would it be better to use patient revenues or the number of bills generated?  

Read the article from the link below.  This Week’s chapter is on cost allocation.  The article was written in 2011, just before the implementation of the Affordable Care Act.  With the implementation of the Affordable Care Act, is the method of cost allocation more important or less important?  Why?  

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https://www.physicianleaders.org/news/cost-allocation-can-be-simple-abc
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Ben Halls is trying to decide whether to lease or purchase a new car costing $21,000

Financial Planning Exercise 2
Lease versus purchase car decision

Use Worksheet 5.1. Ben Halls is trying to decide whether to lease or purchase a new car costing $21,000. If he leases, he’ll have to pay a $600 security deposit and monthly payments of $399 over the 36-month term of the closed-end lease. On the other hand, if he buys the car, then he’ll have to make a $2,900 down payment and will finance the balance with a 36-month loan requiring monthly payments of $597.55; he’ll also have to pay a 7% sales tax ($1,470) on the purchase price, and he expects the car to have a residual value of $5,300 at the end of three years. Ben can earn 4 percent interest on his savings. Use the automobile lease versus purchase analysis form in Worksheet 5.1 to find the total cost of both the lease and the purchase, and then recommend the best strategy for Ben. For the purchase interest rate, use interest rate earned on savings of 4% (Item 6 on Worksheet) and interest rate on monthly loan payment of 11.58% (Item 14 on Worksheet)

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Impact of Activity Based Costing on company’s profit

Assignment
ACC201 Management Accounting
Assessment details
Weight 25%
This is an individual assessment task
You are required to complete a research-based assignment
Instructions

  1. Search for articles, academic journals, newspaper, magazines, etc.
  2. Write an essay of 1,500 words and cover the following:
    • Background of Activity Based Costing (meaning, how it is started)
    • Comparison between traditional costing systems and Activity Based Costing
    • Impact of Activity Based Costing on company’s profit
    • How Activity Based Costing impact on managerial decision making
    • What are the limitations of Activity Based Costing
    How to present your assignment
    Length: 1,500 words
    Structure: use essay structure (i.e. introduction + main body + conclusion + reference list) Formatting: standard 12 point font, 1.5 line spacing, and side margin 2.5 wide.
    Referencing: all sources (i.e., the work and ideas of others) cited and referenced using APA referencing system. You need to provide both in-text referencing and the reference list
    Page | 1 out of 4
    SUBMISSION INSTRUCTIONS
    This assignment must be submitted via Turnitin in Moodle. Hard copies will not be accepted or marked
    You may make TWO submissions via Turnitin to check your work for plagiarism and make adjustments accordingly up until the due date.
    To avoid plagiarism you must:
    • keep similarity rate less than 10%
    • Make enough in-text referencing
    • Paraphrase original ideas
    • Provide reference list
    Late submission
    10% penalty will apply for every 24 hours delay in submission
    Support
    Academic support: https://moodle.gatewaycollege.edu.au/course/view.php?id=15
    Academic Misconduct policy: 4ed4c59bffb3328f26ecf3f10dfcb988.pdf (gatewaycollege.edu.au)

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  • Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services Impact of Activity Based Costing on company’s profit

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