Exam (elaborations)
ACC 550 Final Project 2024 with complete solution
- Course
- ACC 550
- Institution
- Southern New Hampshire University
ACC 550 Final Project 2024 with complete solution
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ACC 550 Final Project 2024 with complete solution2024
ACC 550 ACC 550 Final Project 2024 with complete solution
To: Manager
From: Mackenna Beattie, Management Accountant at Emerald Office Supply, Inc. Subject: Executive Report Outlining Break-Even Analysis and Master Budget
Analysis of Cost Report Types of Costs Used in a Cost Report
Within a company, there are different types of costing used to generate a cost report. Some of them are (O’Donnell and Riso, 2024):
•Fixed Costs: These are the costs that remain constant throughout the project, without
being related to the project’s scale or duration.
oExamples: Rent or lease payments for construction equipment or staff, licensing fees, office rent
•Variable Costs: These are the costs that change in proportion to the level of the construction activity of a project.
oExamples: Hourly labor wages, fluctuating material costs, fuel for equipment, maintenance costs
•Direct Costs: These are the expenses directly tied to the physical construction of a project (O’Donnell and Riso, 2024)
oExamples: Materials, labor wages for construction workers, equipment rental
•Indirect Costs: These costs are not directly tied to the physical construction of a project, but necessary for the completion of the project.
oExamples: Project management fees, administrative expenses, security services and insurances
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