New England College Wk 8 Kimberly Clark and Its Business Units Discussion

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DISCUSSION WEEK 6 ASSIGNMENT AND PEER RESPONSE:

do some research about cost, profit, andinvestment centers. Discuss each of these, and choose a company (eitherone you work for, have worked for, or would like to work for) anddiscuss in detail which parts of the company would fall under each ofthe various centers. Be sure to justify why you have identified eachpart of the company as a cost, profit, or investment center.

PEER RESPONSE: *classmate posts work late so you might not have to respond

300 Word use for assignment and 200 words for peer response

Week 6 Quiz:

Things to know:

• Standard costs
• General model for standard cost variance analysis
• Using standard costs, direct material variance
• Using standard costs, direct labor variances
• Using standard costs, variable manufacturing overhead variances
• Important subtlety in material variance
• Variance analysis and management by exception
• International uses of standard costs
• Evaluation of controls based on standard costs
• Decentralization in organizations
• Responsibility accounting
• Evaluation investment center performance – Return on investment
• Residual income
• Transfer pricing
• Service department charges