Discuss Dynamics Engineering costing procedures. Why does overhead cost increase when direct labor hours increase?/Discuss John Smith’s responsibilities in light of the IMA’s statement of professional conduct. What are his responsibilities with respect to the 4 standards of ethical conduct? What are the steps John should take in resolution of the ethical conflict (use the IMA’s resolution of ethical conduct as your guide)./How would you handle the situation?

Question 1 John Smith, a junior accountant at Dynamics Engineering was working on cost allocations to completed jobs for the …