Business Finance Homework Help

Part 1

Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. As an expert in costing methods, in this assignment, you will be comparing and contrasting the following:

Full costing or absorption costing

Variable costing

• Target costing
• Life cycle costing
• Activity-based costing
• Research each method, and respond to the following questions:
• What is the definition of each costing method?

Discuss how, when, and if the costing method could be used by EEC.

Discuss the advantages and disadvantages of the costing method as it relates to EEC.

• After your research is completed, provide a recommendation on which costing method is the best for the growth of EEC
• Include references ADA format
• PART 2
• Write 350–450 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
• Additional Information: Eddison Electric Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. The President of EEC recently called a meeting to announce that a firm has approached EEC about a possible acquisition. The President wants to consider this purchase and has requested that you and your staff analyze the feasibility of acquiring this supplier. Discuss the following:

Which costs would be utilized in making the decision to purchase the asset? Are future costs relevant in the decision-making process? Please justify and support your position.