Respond to classmate discussion post

Please respond to classmate discusion post; include paaragraph, a question and reference. You can provide an example in your respond:

Option 2 – Given your examination of costing systems and cost information so far in this course, how might you start including more cost-based financial information in your decision-making processes? Do you have the information you need today? If not, how would you get this information?  What business activities do you currently do which could be done if you had better or more accurate cost systems?


In the legal field we almost all do the same activity just on different levels- attorney and paralegal and secretaries all work on cases we just handle different tasks to achieve the same goal… to win cases. so our product isn’t tangible like making a bookcase or selling a computer. our product is legal services-which entails giving legal advice, drafting documents, etc..  I would utilize standard costing, variance costing and process costing  in my decision making process. For example I would look at each case and determine and estimate costs of how much we would spend up front to develop the case ( client/ witness interviews reviewing medical documents and police reports along with documents submitted by opposing counsel and judicial staff ) and weigh that with the estimate of our potential recovery (variances) These variance costs will determine the following 1) should we take the case 2) should we refer it to an outside firm or 3) If we are already involved with the case how much we have already spent and is it worth going forward to fruition or withdraw as counsel and cut our losses. I would use direct cost ( for us that would be labor- employees and the salaries we pay) as more complex cases may require overtime from support staff which could be a major drain on capital; so I would use internal timekeeping to determine how much the firm is spending on overtime and what cases is the overtime being used- If its for small cases then thats a red flag. Currently I do not have the financial data to complete this task, I would need each department to prepare monthly reports showing time expenditure from beginning to end in conjunction with the accounting department create a spreadsheet showing what we have spent v.s what we won at settlement/trial, how much the client walked away with and how much profit we actually made.


As a paralegal with these costing systems I could track my time expenditure on each case and review the time spent v.s the complexity of the case and determine a ratio which I could use to better allocate my time and resources.


Siciliano, Gene. Finance for Nonfinancial Managers Second editions McGraw Hill Education (2015)


 Standard Costs and Variance Analysis, Harvard Business School 9-196-121 January 26, 1996

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees is always working towards customer satisfaction. Our professional academic writers always aim at producing comprehensive papers that possess quality and originality at pocket-friendly prices. Students are assured that all their private information is safe with us.

Money-Back Guarantee provides a system where students can request for money-back in case they cancel the order or in the rare instances of dissatisfaction. The refund policy adheres to the company’s term and conditions on money-back.

Read more

Zero-Plagiarism Guarantee

While providing the best professional essay writing services, we guarantee all our students of plagiarism-free papers. All papers produced by our professional academic writers are checked against all web resources and previously completed papers to avoid plagiarism.

Read more

Free Revision Policy

In our urge to provide the best professional essay writing services, we guarantee students of free revision policy. The free revision policy is a courtesy service where students can request for unlimited for their completed papers. We always aim at achieving 100% customer satisfaction rates. The free revision policy is one among many of our major advantages.

Read more

Privacy Policy

At, every student is entitled to total security. Our professional academic writers are always committed to protecting all private information of our customers. We do not share any personal information with third parties. Additionally, we provide safe systems for all online transactions.

Read more

Fair-Cooperation Guarantee

Working with us is the greatest step towards achieving all your academic goals. We always deliver the best professional essay writing services as promised. We, therefore, expect all students to work cooperatively with us, as we work towards achieving our goal, your satisfaction. This way, all services will be delivered accurately and on time.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages