ACC 102 – Managerial Accounting Cost Analysis Assignment

ACC 102 – Managerial Accounting Cost Analysis Assignment OBJECTIVE The objective of this exercise is to develop a better understanding of the nature of costs, specifically a better understanding of what costs are fixed, what costs are variable, what costs are direct, and what costs are indirect. ASSIGNMENT Go to a restaurant or similar food service establishment and observe its operation. From your observations, develop a list of the establishment’s costs, identifying each as a Direct Material Cost, a Direct Labor Cost, or an Indirect Cost, and as a Variable Cost, or a Fixed Cost Organize your results into an easily reviewed and understood format. You are not expected to determine any actual costs; responses should NOT include monetary amounts. What is expected is a list of at least thirty distinctive costs with each cost identified by grouping or specific identification as to whether it is a direct or indirect cost, and whether it is a variable or fixed cost. SUBMISSION The assignment is due no later than July 11, 2018. Earlier submission is encouraged. Your assignment can be submitted by physical document, by email, or by email attachment. If submitting it by email attachment, submit the attachment in an Office 97 – 2003 format. Remember to include your name and course identification within the document as well as in any computer file name. The key is that your assignment be submitted in a neat and organized fashion. Submit your response to the assignment as though you were submitting it to your boss or the chief executive officer of your employer.