The annotated bibliography from research paper writing service is presented below.
Source No. 01
Edwards-Nutton, S. (2008). Standard Costing and Variance Analysis. London: CIMA.
The purpose of this report is to look into what standard costing and variance analysis are. The author begins by defining both of these concepts. The author then shares the various applications of these both concepts including the various standards associated with these topics. A detailed practical example of the concepts is also included in the report. In the end, the author includes the various drawbacks and the sources of errors in these concepts.
The report is an excellent source of information related to both of these topics because it not only shares a theoretical aspect but also shares practical applications of the concepts. The method and the presentation of the data are simple and easy to understand. The body publishing the authority is a globally recognized body of chartered accountants.
The source can be used for the case study to understand both of these concepts. Also, the common errors and the drawbacks of these two systems can also be applied to the case study. The practical application and the various standards shared in the report can also be useful for the Bennett Body Company case study.
Source No. 02
Bowhill, B., & Lee, B. (2002). The incompatibility of standard costing systems and modern manufacturing: Insight or unproven dogma? Journal of Applied Accounting Research, 1-24.
The author focuses on the various conditions under which the costing system being used by an organization should change. The author suggests that times of organizational change do not create the necessity that the standard costing system being used by the organization also be changed. The author then looks into various changes in the manufacturing systems, inventory systems, automation, and other organizational changes and how the standard costing system can still continue to be used. A few drawbacks of the standard costing system are also analyzed.
The article is highly useful as it presents two case studies of how costing systems should evolve with the evolution of the organizations. The technique used by the authors to present and share the data is impactful as it makes it easy for the reader to understand the point being raised and conveyed by the authors.
Like the case study we are considering, this article also shares two case studies. It looks into how changes taking place an organization impact the requirements of the standard costing system being used in the organization. The reading of this article will make the analysis of the Bennett Body Company case study much easier.
Source No. 03
Rao, M. H., & Bargerstock, A. (2011). Exploring the Role of Standard Costing in Lean Manufacturing Enterprises. Management Accounting Quarterly, 47-60.
In this article, the authors look into the role standard costing systems can play in a lean organization. It looks into the various accounting theory in order to determine the compatibility of standard costing systems with lean manufacturing. The authors share various prospective into the continuation of the use of standard costing systems. The authors look into the various variables which may impact this concept.
This article is worth reading because lean manufacturing is a highly adaptive process across almost all industries. The authors share a simple case study to carry out their research. The nine variables shared to make this reading much easier to comprehend for a reader.
The various variables shared in this case study can be directly applied to the Bennett Body Company case study. The linkage of lean manufacturing and standard costing systems can be integrated into our case study to develop a better case analysis.
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