1.3 Assignment: Skills Development Case
For this assignment, complete the Skills Development Case S2-2, “Applying Job Order Costing to an Entrepreneurial Business,” at the end of Chapter 2 in the textbook. Choose a business venture as suggested, then answer the four required questions in the case.
Upon successful completion of this assignment, you will be able to:
- Apply the concept of job order costing to a business environment.
- Textbook: Managerial Accounting
- Article: Virtuous Leaders & Organizations
The success of any business organization is determined by the effectiveness of its management; however, ability to manage costs helps organizations to achieve profitability. A business that is not profitable might not be around in the long run. You will discuss the importance of cost determination and management for both service and manufacturing enterprises.
- Review the rubric to make sure you understand the criteria for earning your grade.
- Read Chapters 1 and 2 in Managerial Accounting.
- After completing the reading of the textbook chapters:
- Complete Skills Development Case S2-2, “Applying Job Order Costing to an Entrepreneurial Business,” at the end of Chapter 2 in the textbook.
- Submit a one-page document with your response to Case S2-2. Please incorporate the “Virtuous Leaders & Organizations” article perspective into your response. https://brightspace.indwes.edu/content/enforced/136188-4SP2021ACCT-510-01C/Course%20Resources/The%20DeVoe%20Report_SpSu%2017_Virtuous%20Leaders%20for%20Course%20Development.pdf?_&d2lSessionVal=TaMUfFtrIFqeBtx7vNsgXsmxp&ou=136188