Discussion 2 Response 1

Submit a meaningful reply of 400 – 450 words to the below post. Synthesize course material and
demonstrate critical thinking, graduate-level writing skills, and reflection.
 Cite the textbooks and scholarly articles from professional accounting and business
journals.
 Use you textbook (attached) and at least 3 journal articles as references
 Include Biblical integration in response to each question posed and in the analysis of
each peer’s post demonstrate analysis, synthesis of all course materials, tact, and insight.
Opinion is worth little unless it is supported by quotes and/or paraphrases from the textbooks and
professional journals. Adhere to current APA format in all posts.
Introduction
Each and every company that there is must sit down at one point and decide what is the best way that the company should go about their cost estimation and profit planning. Costing is defined as “the process of accumulating, classifying, and assigning direct materials, direct labor, and factory overhead costs to cost objects, which most commonly are products, services, or projects” (Blocher, E. J., Stout, D., & Smith, S. 2021). There are two types of costing systems that companies tend to use, job costing and process costing. Depending on the functions of the company, it depends on what systems are best used.
Description of Each System
Job costing is a system that is used when companies need to be able to be more adaptable with their spending and need flexibility depending on what materials and labor that they need (Fayek, A. R. 2001). Process costing on the other hand is used when companies do not need to have adaptable processes and instead can use the same processes, supplies, and amount of labor every time in order to get their products financed and finished (Drury, C. 1992). The specifics from each costing system helps each company to decide what costing system is the right pick for them. Some of the characteristics of job costing include the fact that each factor of the process has a specific cost that has been adapted to best fit that certain project or contact (Blocher, E. J., Stout, D., & Smith, S. 2021). Process costing on the other hand is used when companies can mass produce their product because they are not selling several different services or contacts that need to be adapted. A couple of examples for companies that use a job costing system would be Cenvar Roofing, which is a local roofing company in Lynchburg, Virginia. Another company that uses this system would be Spectrum Cable. These companies have different packages and products one can purchase that are adapted based on the needs of the customer. Companies that use the process costing system would include Coca-cola or Little Debbie. Both of these companies use assembly line processes that are fixed in order to make and distribute their product. This leads to each product being a flat rate, such as a snake cake being one price and a bottle of coke being one price and the same everywhere you go, instead of it being customizable for the customer.
Biblical Integration
In terms of how the christian faith can be implemented into this discussion board, it can be tied into the biblical idea that seeking wisdom on how to design one’s business is ultimately the best thing to do. In life, it is important to gain insight from others and prayerfully consider the paths that God wants each person to take in their own individual lives, including their businesses. James 1:5 says “If any of you lack wisdom, let him ask of God, that giveth to all men liberally, and upbraideth not; and it shall be given him.” This is guidance that if one does not know what they are doing in business and is not sure what model they should choose for their business, they should seek out the guidance and then make their decision from there.
References:
Blocher, E. J., Stout, D., & Smith, S. (2021). Cost Management: A Strategic Emphasis, (9th
edition). Boston, MA: McGraw-Hill. ISBN: 9781307687811
Drury, C. (1992). Process costing. In Management and Cost Accounting (pp. 131-160). Springer,
Boston, MA.
Fayek, A. R. (2001). Activity-based job costing for integrating estimating, scheduling, and cost
control. Cost Engineering, 43(8), 23.
King James Bible. (2008). Oxford University Press. (Original work published 1769)
costplanning
ATTACHED FILE(S)
Criteria Ratings Points
Management
Technique
4 to >3.0 pts
Advanced
Thread clearly specifies the
company, the industry, and the
management technique to be
analyzed
3 to >2.0 pts
Proficient
Thread clearly specifies the
company and industry but
not the technique
2 to >0.0 pts
Developing
Company
identified but
not the industry
0 pts
Not
Present
4 pts
Evaluation
Appropriateness
of Technique
12 to >10.0 pts
Advanced
Technique appropriate for
company, description
developed and includes
adequate details detailed
correlation between technique
and company
10 to >9.0 pts
Proficient
Technique described but
not in a detailed manner.
Few details and no
correlation
9 to >0.0 pts
Developing
Technique
identified but no
detail as how it
applies to
company
0 pts
Not
Present
12 pts
Synthesis Positive
Force of
Technique
12 to >10.0 pts
Advanced
Thread describes how the
technique selected will be a
positive force for the company
and provides appropriate
examples. One or two
examples provided
10 to >9.0 pts
Proficient
Description of impact of
technique to company but
incorrect examples
9 to >0.0 pts
Developing
Description of
impact of
technique to
company but no
examples
0 pts
Not
Present
12 pts
Originality Overall
Content
28 to >25.0 pts
Advanced
Thread conforms to the
instructions. Content is well
developed. Included originality
of thought. Paragraph
structure and flow is excellent.
Analysis of the technique
selected is provided.
Questions are answered
thoroughly and supported
using substantial research
data
25 to >23.0 pts
Proficient
Thread conforms to the
instructions. Content is
developed but lacks
originality of thought. Too
many direct
quotations.Paragraph
structure and flow is
excellent. Analysis of the
technique selected is
provided. Minimal research
sources used
23 to >0.0 pts
Developing
Content is
organized
based mainly
on text little
collaborating
research data
0 pts
Not
Present
28 pts
Discussion: Cost Management, Strategy, Technique Grading Rubric |
BUSI601_B02_202230
Criteria Ratings Points
Replies: New
Information
10 to >9.0 pts
Advanced
Reply introduces new and
relevant information to the
discussion of management
technique
9 to >7.0 pts
Proficient
Introduces new information
with little relevance
management techniques
7 to >0.0 pts
Developing
Introduces new
information with
no relevance to
management
technique
0 pts
Not
Present
10 pts
Replies:
Evaluation
Research support
and originality
30 to >27.0 pts
Advanced
Synthesis of research data
Reply is well supported with
the referenced sources and
expounds on discussion of
technique
27 to >24.0 pts
Proficient
Minimum analysis of
researched data Reply
minimally referenced with
research sources
24 to >0.0 pts
Developing
Researched
provided but no
analysis of
information
0 pts
Not
Present
30 pts
Thread:
Grammar,
Spelling and APA
formatting
13 to >11.0 pts
Advanced
No grammar or spelling errors
11 to >10.0 pts
Proficient
Only one minor error and 1
APA error
10 to >0.0 pts
Developing
Two grammar
errors and at
least 2 APA
errors
0 pts
Not
Present
13 pts
Thread: Text and
Journal Support
11 to >10.0 pts
Advanced
Thread contains appropriate
word count and content
supported with text and
relevant scholarly research
data
10 to >9.0 pts
Proficient
Thread contains
appropriate word count and
content not supported with
text and relevant scholarly
research data
9 to >0.0 pts
Developing
Thread had
irrelevant
scholarly
sources and
unsubstantiated
opinion
statements
0 pts
Not
Present
11 pts
Replies:
Grammar/Spelling
and APA
formatting
20 to >17.0 pts
Advanced
No grammar or spelling errors
17 to >16.0 pts
Proficient
Only one minor error and 1
APA error
16 to >0.0 pts
Developing
Two grammar
errors and at
least 2 APA
errors
0 pts
Not
Present
20 pts
Discussion: Cost Management, Strategy, Technique Grading Rubric |
BUSI601_B02_202230
Criteria Ratings Points
Replies: Text and
Journal Support
10 to >9.0 pts
Advanced
Thread contains appropriate
word count and content
supported with text and
relevant scholarly research
data
9 to >7.0 pts
Proficient
Thread contains
appropriate word count and
content not supported with
text and relevant scholarly
research data
7 to >0.0 pts
Developing
Thread had
irrelevant
scholarly
sources and
unsubstantiated
opinion
statements
0 pts
Not
Present
10 pts
Total Points: 150
Discussion: Cost Management, Strategy, Technique Grading Rubric |
BUSI601_B02_202230

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