Discuss the importance of material costs in managerial accounting
This paper is for a class called “Managerial Accounting.” For this assignment, you will be focusing on the importance of “material costs” in managerial accounting. Your paper should:
1.) Start out with an overview of managerial accounting.
2.) Discuss/Explain “material costs” as a component of managerial accounting, both direct and indirect material cost.
3.) Discuss its benefits to a manager and an organization. For example, it can help managers and organizations make vital decisions, by having the “material costs” to refer to in their accounting.
4. Pick 3 publicly traded companies. Pick 2 companies from the manufacturing industry and 1 company from the service industry. Use these companies as “case studies” in how they can, and have, benefitted by having “material costs” as a component of their accounting. (Please make sure to pick publicly traded companies, so you can have access to their actual financials.)
5.) When you are discussing the companies from #3 above, please use actual charts and graphs to refer and in making your point. Please put these charts graphs in a “exhibit page” which you can put before the “references page.” You can refer to them on the actual paper as exhibit #1, exhibit #2, exhibit #3, and so on…(Please note the exhibit and references page are not part of the minimum 8 page requirement).
6.) I have attached to this order the “topic submission sheet” that I submitted to my professor to get approval for my paper. This will hopefully help guide you.
7.) Please make sure you use APA for the paper format. Please make sure you are citing your references accordingly, both in-text, and in the “reference page.”
8.) Please use “sub-headings” to make the paper “flow” better and to make it easier for the reader to understand.
9.) Please cite at least a total of 10 references. At least 5 of the references must be from the “possible references” sheet I have attached to this order as well. Thank you and looking forward to your final product.
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