All discussions must meet 5-7 requirement

Discussion 1

· Explain how managerial accounting differs from financial accounting and discuss two benchmarks that might be answered using managerial accounting reports. Support your rationale with examples.

Discussion 2

· Explain how job order costing is used to predict cost behaviors related to direct materials, direct labor, variable, and fixed costs.

Discussion 3

· Describe the managerial accounting skills needed to evaluate activity-based costing in comparison to those needed to evaluate process costing. Select characteristics of jobs that require the use of each costing type. 

Discussion 4

· Imagine that you are an accountant working with a large farming operation. Document the flow of costs and techniques used in a CVP analysis to substantiate the operation's purchase of a new, top-of-the-line combine costing $475,000.