ACC 550 Milestone Three Guidelines and Rubric
Overview: The final project for this course is the creation of a quantitative analysis that includes an Excel spreadsheet accompanied by a memo to management.
Accountants provide management with the logistics of the business that are crucial for daily operations and a company’s overall success. In any business, it is of
the utmost importance to be aware of all finances and internal processes. Cost accountants focus solely on the internal processes of a business and are tasked
with eliminating any unnecessary costs in order to maximize profits.
For the final project, you have been tasked with conducting a quantitative analysis that looks into the internal processes of a company. Based on your analysis,
you will formulate recommendations to management that aim to improve internal processes and increase profits for the company.
Prompt: For this milestone, submit a draft of the alternative costing method section of the final project (Section IV), including all of critical elements listed below.
Refer to the Hampshire Company Case Study document, as this provides details on how to complete this milestone. All calculations for your quantitative analysis
should be completed in the Hampshire Company Spreadsheet. You will provide a rough draft of your qualitative analysis in a Word document.
Specifically, the following critical elements must be addressed:
IV. Alternative Costing Method
There are various costing methods available for companies to implement. As a company grows, it may become beneficial to consider an alternate costing
method.
A. Identify an alternative costing method that could benefit this company, and describe the main characteristics of that method.
B. What should a company look for when trying to determine whether they should adopt such a system?
C. Should the company adopt this alternative costing method? Defend your response.
If you would like a refresher course on using various features of Excel, sign in to Infobase and type “Excel” in the search box. This will provide you with options to
select the specific level of training that you need (intro, intermediate, or advanced) and the specific version of Excel that you have. The trainings are broken down
into small, meaningful chunks. Therefore, you should be able to find specific topics at each level that will meet your needs.
Please I need you answer to the questions A, B, and C. I have all calculations on excel sheet ready. Do not share please if you use sources from internet I will get an F. APA format please.
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