PU IBM Corp Discussion
Description
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Costs are unique and may be customizable to the organization or industry such as described above. Managerial accounting is concerned with providing information to managers within the organization about costs. Managers expect to know what is included in direct materials, direct labor, and manufacturing overhead. They also expect to know what constitutes product costs and variable costs. The costs of production are substantial and it is incumbent on managers to understand what constitutes their costs.
Choose a manufacturer of a product. Research the companys costs policies and practices to identify what constitutes direct costs of materials, product costs, variable costs, fixed costs, manufacturing costs, non-manufacturing costs, etc. You may have to research multiple sites to find this information even the companys full annual report. Tell the cost story of your company with the use of graphics or other visualizations. Provide sufficient narrative to explain the story of costs at your company. Include graphics or visualizations to support an explanation of cost terms (if available).
