watch and summarize videos in 4 paragraphs for each video
Please watch the three linked videos and write a three- four paragraph summary for each video. The paragraphs do not have to be intricate or long, simple summary for each video will suffice. Below are the instructions for every video and the links. Do not worry about the reply to student section i will take care of that, also dont need to completely watch the video just answer the question and talk about main topics. Thank You!
Managerial Accounting- Please watch video below and write a three to four paragraphs summarizing the contents of the video. Also, please reply to the posts of at least three other students. Your replies should be at least two paragraphs each. In your posts you might want to discuss how Overhead is applied in traditional systems, What is ABC as used in Overhead cost calculations and applications. Why do companies use ABC instead of Traditional systems. How are over applied and under applied overhead handled. Also, it will be good if you use examples. https://www.youtube.com/watch?v=M-uGibLcQ-g
Product Cost vs. Period Costs– Please watch video below and write a three to four paragraphs summarizing the contents of the video. Also, please reply to the posts of at least three other students. Your replies should be at least two paragraphs each. In your posts you make sure to explain what are product costs and what are period costs. Also explain how product and period costs fit in with direct materials, direct, labor and overhead.https://www.youtube.com/watch?v=fs-67qg_OFk&list=PLxP0KZzCGFYOeZIwY-2IoEoAin-uDgnHl&index=2
Job Order Costing – Please watch video below and write a three to four paragraphs summarizing the contents of the video. Also, please reply to the posts of at least three other students. Your replies should be at least two paragraphs each. In your posts you might want to discuss production process and how we account and record Direct Labor, Direct Materials and Overhead in Raw Materials, Work In Process, and Overhead Costs, make sure to discuss Debits and Credits in detail. Also Discuss Predetermined Overhead Rate and how it is calculated and how is it applied.https://www.youtube.com/watch?v=Bh4HsjWaZI4
Managerial Accounting- Please watch video below and write a three to four paragraphs summarizing the contents of the video. Also, please reply to the posts of at least three other students. Your replies should be at least two paragraphs each. In your posts you might want to discuss similarities and differences between financial accounting and managerial accounting, what managerial accountants do, why do they do it, how do they do what they do, etc. https://www.youtube.com/watch?v=M7LNeC-VmPM