Use for Planning Purposes Assignment

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Use for Planning Purposes Assignment

Journal Article Critique (30 Marks)You are required to conduct a literature search and discussion in this assignment.You are to choose a peer-reviewed journal article (from any country) on the:– Use of Standard Costing in a real-life company; and– Use of Target Costing in a real-life company.
Register the two article names and details with your Lecturer in class. The articles should be publishedbetween 2010 – 2019. Choose your articles only after you have accessed several relevant articles, and thenchoose the best articles that will answer the assignment question below.Required: Critically evaluate the relevance and challenges of both costing systems by answering the 5questions below:Questions:1. Briefly discuss the features of standard costing as a planning and control system. (5 marks)2. Based on your standard costing article, discuss the relevance of standard costing as a planning and controlsystem in your real-life case company. Did it satisfy the features discussed in (i)? Why or why not? Includeexamples in your answer from your standard costing article. (5 marks)3. Discuss what target costing is and compare and contrast it from standard costing. (5 marks)4. Is target costing relevant in today’s competitive and (in most cases), uncertain business environment?Explain with examples from your target costing article. (5 marks)5. Based on your literature findings (above), which of the two systems would you recommend forcontemporary organizations to use for planning purposes and which system you would recommend for controlpurposes? Explain (5 marks)  Get Accounting Homework Help Today.
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Use for Planning Purposes Assignment

 

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Use for Planning Purposes Assignment

Journal Article Critique (30 Marks)You are required to conduct a literature search and discussion in this assignment.You are to choose a peer-reviewed journal article (from any country) on the:– Use of Standard Costing in a real-life company; and– Use of Target Costing in a real-life company.
Register the two article names and details with your Lecturer in class. The articles should be publishedbetween 2010 – 2019. Choose your articles only after you have accessed several relevant articles, and thenchoose the best articles that will answer the assignment question below.Required: Critically evaluate the relevance and challenges of both costing systems by answering the 5questions below:Questions:1. Briefly discuss the features of standard costing as a planning and control system. (5 marks)2. Based on your standard costing article, discuss the relevance of standard costing as a planning and controlsystem in your real-life case company. Did it satisfy the features discussed in (i)? Why or why not? Includeexamples in your answer from your standard costing article. (5 marks)3. Discuss what target costing is and compare and contrast it from standard costing. (5 marks)4. Is target costing relevant in today’s competitive and (in most cases), uncertain business environment?Explain with examples from your target costing article. (5 marks)5. Based on your literature findings (above), which of the two systems would you recommend forcontemporary organizations to use for planning purposes and which system you would recommend for controlpurposes? Explain (5 marks)  Get Accounting Homework Help Today.
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

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Use for Planning Purposes Assignment