Beginning of February 2021, students in groups of 3-5 will work with your company to identify your needs and provide actionable recommendations, based on their in-depth research and analysis.

Project activities might include but are not limited to:

• Analyzing how fixed and variable costs behave and how to use them to predict costs;
• Computing the break-even point using the contribution margin approach and interpreting a cost-volume-profit graph;
• Exploring activity-based costing and how it differs from a traditional costing system;
• Computing activity cost pools;
• Preparing all budgets used in a business with an emphasis on cash flows and income projection;
• Assessing standard costs and calculating variances from actual costs for materials, labor and manufacturing overhead;
• Identifying relevant and irrelevant costs and benefits in a decision situation;
• Computing variances in direct material, direct labor, and overhead costs;
• Preparing and interpreting statements of cash flows;
• Preparing a written portfolio solving the managerial accounting problem of the organization.