Nottingham Manufacturing Company allows employees to purchase,at cost, manufacturing materials, such as metal and...

60.1K

Verified Solution

Question

Accounting

Nottingham Manufacturing Company allows employees to purchase,at cost, manufacturing materials, such as metal and lumber forpersonal use. To purchase materials for personal use , an employeemust complete a materials requisition form, which must then beapproved by the employee's immediate supervisor. GretchenMacCauley, an assistant cost accountant, charges the employee anamount based on Nottingham's net purchase cost.
Gretchen MacCauley is in the process of replacing a deck on herhome and has requisitioned lumber for personal use, which has beenapproved in accordance with company policy. In computing the costof the lumber, Gretchen reviewed all the purchase invoices for thepast year. She then used the lowest price to compute the amount dueto the company for the lumber.
Discuss whether Gretchen is behaving in an ethical andprofessional manner concerning her actions with the calculation ofthe cost of lumber for personal use.
________________________________________________________________________________________________________________________________
You are required to have an original postresponding to my questions asked (Minimum of 4 - 5legitimate sentences required) and reply to atleast 1 of your classmates' commentaries (Minimumof 2 - 3 legitimate sentences required). Make sure to usea Professional Writing Style. Yes/Noand/or I Agree/Disagree answers willNOT receive full credit.

Answer & Explanation Solved by verified expert

4.3 Ratings (904 Votes)

It is an extremely intense issue to choose the moral weight on Gretchean mccauly regardless of whether her activities are moral or unscrupulous will absolutely relies on the worker buy arrangement records on the grounds that in such strategy just it needs to said that at what cost the See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

In: AccountingNottingham Manufacturing Company allows employees to purchase,at cost, manufacturing materials, such as metal and lumber...Nottingham Manufacturing Company allows employees to purchase,at cost, manufacturing materials, such as metal and lumber forpersonal use. To purchase materials for personal use , an employeemust complete a materials requisition form, which must then beapproved by the employee's immediate supervisor. GretchenMacCauley, an assistant cost accountant, charges the employee anamount based on Nottingham's net purchase cost.Gretchen MacCauley is in the process of replacing a deck on herhome and has requisitioned lumber for personal use, which has beenapproved in accordance with company policy. In computing the costof the lumber, Gretchen reviewed all the purchase invoices for thepast year. She then used the lowest price to compute the amount dueto the company for the lumber.Discuss whether Gretchen is behaving in an ethical andprofessional manner concerning her actions with the calculation ofthe cost of lumber for personal use.________________________________________________________________________________________________________________________________You are required to have an original postresponding to my questions asked (Minimum of 4 - 5legitimate sentences required) and reply to atleast 1 of your classmates' commentaries (Minimumof 2 - 3 legitimate sentences required). Make sure to usea Professional Writing Style. Yes/Noand/or I Agree/Disagree answers willNOT receive full credit.