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VashaNatasha [74]
3 years ago
12

A Product Manager has been given responsibility for overseeing the development of a new software application that will be deploy

ed to a group of Accenture clients. What would be the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations?
Business
1 answer:
Free_Kalibri [48]3 years ago
4 0

Incomplete question. The missing options read;

a. Design the application’s security features after the application’s initial build is complete.  

b. Schedule development of security features after the application’s initial release.  

c. Utilize a DevSecOps approach to incorporate security into the development process from the beginning.  

d. Contract with an external vendor to develop a security solution separately from the main application.

Answer:

<u>a. Design the application’s security features after the application’s initial build is complete.</u>

Explanation:

Remember, our main concern here is to determine <em>the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.</em>

Hence, if the Product Manager decides to schedule the development of security features after the application’s initial release, this would not be the most time-saving approach. Also, utilizing a DevSecOps approach to incorporate security into the development process from the beginning and contracting with an external vendor to develop a security solution separately from the main application is not the best cost-saving approach.

However, designing the application’s security features after the application’s initial build is complete would be the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.

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Sales                                                     $7,872,000      $9,840,000

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Add Cost of Goods Manufactured      <em>$1,672,800 </em>      <em>$1,338,240</em>

Less Closing Stock                              <em> ($334,560) </em>         <em>     $0</em>

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Less Expenses :

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Selling Expenses : Variable                  ($862,920)      ($1,082,400)

Selling Expenses : Fixed                       ($500,000)       ($500,000)

Net Income / (loss)                               $2,095,840       $3,509,800

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Sales                                                     $7,872,000      $9,840,000

Less Cost of Sales                              ($3,798,240)      ($5,362,800)

Opening Stock                                     <em>        $0         </em>      <em> $949,560</em>

Add Cost of Goods Manufactured      <em>$4,747,800 </em>      <em>$4,413,240</em>

Less Closing Stock                              <em> ($949,560) </em>         <em>     $0</em>

Gross Profit                                           $4,073,760          $4,477,200

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Selling Expenses : Fixed                       ($500,000)       ($500,000)

Net Income / (loss)                                 $2,710,840       $2,894,800

c. Reconciliation of Absorption costing Net Income to variable costing profit

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Absorption Costing Net Income                           $2,710,840       $2,894,800

Fixed Manufacturing  Cost in Opening Stock             $0                $615,000

Fixed Manufacturing Cost in Closing Stock         ($615,000)               $0

Variable Costing Net Income                               $2,095,840       $3,509,800

Explanation:

Part a.

Under Variable Costing, Only Variable Manufacturing Costs are treated as Product costs. Fixed Manufacturing costs and All Non-Manufacturing Costs are treated as period costs.

Part b

Under Absorption Costing, Both Variable Manufacturing Costs  and  Fixed Manufacturing costs are treated as Product costs. All Non-Manufacturing Costs are treated as period costs.

Part c.

The difference between the Net Income under Absorption Costing and Variable Costing is due to Fixed Manufacturing Costs that are deferred in Inventory. This needs to be reconciled accordingly.

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