ACC 201 WORKSHOP ONE DROPBOX 1.3 Real World Accounting Handout
Indiana Wesleyan University
1. Why did they want to develop a job costing system?
2. What does Joe call the marketing costs?
3. What are the two types of labor costs that Joe identifies?
4. With what does Joe compare his cost data?
5. What are the three other costs besides labor that Joe identifies?
6. What is the easiest waste cost to identify?
7. What does Joe recommend that an accountant do to understand the numbers?
8. How does Joe’s recommendation relate to the Hewlett Packard philosophy of “management by wandering around”?
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