Product Costing Essay Example | Topics and Well Written Essays - 1000 words

Product Costing - Essay Example But with the concept of management accounting system, John has decided to place in a better and sound managerial accounting system. The proposed solutions seem to be useful for John and Mary Farmers and other agricultural enterprises. Its basic aim is to gather better and vast information for managerial purposes and such information will be used in the long term as well. As, John and Mary Farmers are more keen in knowing the differences in the cost of production between farms and the profit difference between differing commodities produced over the years. To address this issue, the managerial accounting system will have its respected costs and profit centers. This method is more commonly known as â€Å"responsibility accounting†. Each service center is given its support cost centers. Those support cost centers are divided into activities and sites. These costs are further re-allocated to production cost centers. The marketing centers are concerned with the cost of marketing related with the products. Further on, profit centers are introduced, these profit centers account for both costs and revenue, the ke y performance measure of any profit center is therefore profit. This proposed costing system seems like a product costing system or an Activity Based Costing System. The benefit of having such systems is that each allocated center (either profit or cost) is responsible for its negative or positive variances. This system would prove beneficial for almost all agricultural businesses, with agricultural products having shorter life cycles and more complex production processes, this proposed system recognizes the complexity with its multiple cost drivers. Besides this, as the agricultural sector being a more competitive sector, this proposed system facilitates a better understanding of the driver of overhead costs. With all these positive feedbacks

Physician Assisted Suicides Essay Example | Topics and Well Written Essays - 1750 words

Physician Assisted Suicides - Essay Example wal of the life-sustaining treatments or administering pain medication that will hasten death through impairing critical body organ functions such as respiration (Jeffrey 73). The recent efforts of legalizing physician-assisted suicide have triggered intense medical, legal and social debates on whether physicians must be granted the authority to assist patients to intentionally end their lives. Physicians have a professional responsibility of respecting the patient’s choice and thus assisted suicide will enable the patient’s escape the pain and suffering in case of terminal illnesses (Jeffrey 68). Furthermore, a well-regulated assisted suicide practice will eliminate the slippery slope and ensure proper decision-making in assisting the patients commit suicide. The paper is addressed to health care policy makers that are tasked with offering guidelines on physician-assisted suicides in different parts of the country on how standardized physician-assisted suicide will be beneficial to the health care sector. The paper will discuss the arguments that have been put forward for and against physician-assisted suicide. The paper will make a conclusion on why the federal government should consider legalizing and regulating the practice since it is beneficial for patients suffering from extreme suffering due to life-threatening illnesses. Thesis statement: the federal government should legalize physician-assisted suicide I believe the federal government should legalize physician-assisted suicide in order to eliminate the terminal pain and suffering experienced by patients suffering from acute diseases. Although many physicians claim that they have the professional responsibility of preserving life and enhancing health care even for the terminally ill patients, the physicians have the knowledge and skills to assess the hopelessness situations of some patients and thus should assist them in committing suicide rather than leaving the patient undergo unbearable suffering