1) Assume that you are the manager of the SBCC Campus Store

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1) Assume that you are the manager of the SBCC Campus Store. Upon reviewing your 2019/2020 Income Statement (July 1, 2019 through June 30, 2020)*  you concluded that your expenses are too high. Please list at least 3 variable and 3 fixed expense line items, which you want to decrease in the upcoming year and how you are going to do this. Please discuss benefits and risks (i.e. impacts on customers and revenues) of your cost cutting measures. 

As we are currently in a Pandemic, the Campus Store provides a lot of online services at this time. However, they are open four days a week now for 6 hours each day. 

2.In the lecture video I used Boeing and an imaginary company (Pear Co.) as examples to explain Job Order Costing. Please think about a real life manufacturing or service company (big or small) that would be a good fit for the Job Order Costing method. Explain why you feel that your company would be a good candidate for job order costing (hint: look at the criteria). Also, give at least one example each for direct labor, direct material and manufacturing overhead cost in your company.  Finally, explain what allocation base you would suggest for the calculation of the predetermined overhead rate and why. (Min. 150 words).

Once you wrote your post, please also comment on at least two other students' posts. When commenting on other students' posts please evaluate their choice of company and choice of allocation base. 

3.  In the lecture video I used Lay's Potato Chips and an imaginary company (Smith Co.) as examples to explain Process Costing. Please think about a real life manufacturing company (big or small) that would be a good fit for the Process Costing method. Explain why you feel that your company would be a good candidate for Process  Costing (hint: look at the criteria). Also, describe how you believe the units of product move through the processing department(s) and how  direct labor, direct material and manufacturing overhead cost are added in each department (keep in mind that direct labor and material in process costing are traced to processing departments rather than units of products).  Finally, explain what allocation base you would suggest for the calculation of the predetermined overhead rate(s) in your processing departments and why. (Min. 150 words).

Once you wrote your post, please also comment on at least two other students' posts. When commenting on other students' posts please evaluate their choice of company and choice of allocation base. 

4.In the lecture slides (Ch. 5 Part 1) we looked at several scenario's of how Racing Bicycle Co.'s net income would change if we made certain changes to variable and/or fixed cost. Cost structure is important, when it comes to chances and risks for our operating profit in good respectively in bad times..

Please describe two real life companies that you believe has a "High Fixed Cost Structure" and one that you believe has a "Low Fixed Cost Structure". Explain why you came to this conclusion.  Then describe what would happen to your companies' net income if
a) in one year they were able to double their sales
b) in one year their sales would drop by 50%.