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Refer to the manufacturing company you selected for the Unit 2 Discussion and explain how you would determine the company’s contribution margin and contribution margin percent. In your initial post include the following: ● Identify which specific variables should be included in the calculation. ● Illustrate your explanation by calculating the contribution margin and contribution margin percent using hypothetical values. ● Explain what your calculated results tell you about the company...

Select a public (i.e. one that publishes its financial information) manufacturing company and become familiar with its products. Describe the company, its products, and the specific manufacturing costs it incurs. Categorize each cost into the three manufacturing cost categories and state if the costs are variable, fixed, or mixed. Explain how you came to your conclusions. It is vital, and required, of public companies to disclose certain financial statements to the public; the level of detail p...

Consider the role of management accounting in relation to the company for which you work (or have worked). Discuss how the principles of management accounting can be utilized. What specific managerial accounting activities would be useful? In contrast to financial accounting, which focuses on providing historical financial information to external users, managerial accounting focuses on internal users like executives, product managers, sales managers, and any other personnel within the organi...

This is a compilation of all 12 article summaries required for the course.

Empirical evidence has not only shown a relationship between perceived risks and risk-taking behavior, but also observed that they are generally biased compared to objective risks. These biases, although varied by individuals’ past experiences, have shown a very interesting pattern; individuals tend to underestimate high risks and overestimate low risks. It is of paramount significance to understand how risk perception influences risk-taking behavior.

Morrison Knudsen (MK) is the focus of this article, providing knowledge and experience in the construction market that, although with peaks and valleys, has strived to maintain lost day incident rates constantly below Bureau of Labor Statistic averages for the similar firms. They attained this by bringing in “underground knowledge”, that of the experience of accident prevention professionals.

This article supports the idea that cultural diversification within project teams positively affects their efficiency and productivity while bringing in more ideas and problem-solving creativity to the team. This is outweighed by the negative impacts of diverse teams, such as conflict, misunderstanding and poor project performance.

Throughout the different industries, human error is one of the major contributors of mishaps and accidents. Researchers have conducted studies in this area in order to lower its negative effects, but their analysis has turned out somewhat dim due to the ambiguity of the term’s definition. Human error is used to describe the outcome or consequence of human action, the causal factor of an accident, and as an action itself, but this article, guided by the method of concept analysis, aims to clari...

An attempt to reduce job-caused stress is being made to lower the costs associated with this increasingly worrying issue for companies. An estimated 13.5 billion working days were lost in 2001 due to work related stress, anxiety and depression. The CBI Survey is keeping a close look at the figures related to this issue, measuring the costs and negative effects of stress. The Health and Safety Commission has also made attempts to lower these effects.

New companies with complex structures have had to adapt to the risk involved in managing their type of organizations, which means that these firms are now paying more attention to internal structure and the risks associated with complexity without ignoring potential external threats. What this means is that as a firm grows, the vulnerabilities will also grow, the possibility of flaws, process errors, and broken systems will also increase, therefore, growing companies, and those with complex stru...