...Running head: AUNT CONNIE’S COOKIES Aunt Connie’s Cookies ACC/561 Aunt Connie’s Cookies How Aunt Connie’s Cookies could use cost accounting systems to determine their product costs Aunt Connie’s Cookies could utilize traditional cost accounting by using a mixture of materials and labor costs and allocating their expenses to each product. It would assume that the more cookies are created, the more overhead there will be. This would be a simple approach for Aunt Connie’s Cookies, but it may not necessary provide them with sufficient data to properly determine their product costs. Aunt Connie’s Cookies could use activity-based costing, in order to examine its costs by type of activity instead of end product. Unlike the traditional method, it would let the company analyze the overall systems with more detail in order for them to see if there are cost inefficiencies. It would be particularly helpful for Aunt Connie’s Cookies if its indirect costs are greater than its direct costs. If Aunt Connie’s Cookies were to utilize activity-based accounting, it would first need to identify its activities, and then designate a cost to each activity. Once that is completed, a determination of the components of each cost must take place, followed by data collection for every activity. Finally, a determination of the product costs can be made by dividing each product into unit-level activities, cost per batch, product-sustaining activities, and facility-sustaining...
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...head: AUNT CONNIE’S COOKIES Aunt Connie’s Cookies ACC/561 March 29, 2011 Tony Guice Aunt Connie’s Cookies How Aunt Connie’s Cookies could use cost accounting systems to determine their product costs Aunt Connie's Cookies can use customary cost accounting if they apply a mix of the labor and material costs, and apply expenses to each product. It assumes that more cookies baked could cause more overhead expenses. This is an easy method for Aunt Connie's Cookies, but it might not give them enough of the right information to really determine what their product costs are. Aunt Connie's Cookies might decide to use activity-based costing, which looks at costs according to the kind of activity rather than the end product. It is different from the traditional method in that it allows a company to look at their overall systems in detail, so that they can pinpoint any cost inefficiencies. It will especially help Aunt Connie's Cookies if they have greater indirect than direct costs. If Aunt Connie's Cookies used activity-based accounting, they would have to identify their activities, and then assign each activity a set cost. When they have done that, they identify how much each component of each activity costs, and then they take data about each activity. Eventually they can determine the actual product costs, when they divide each product into activities at unit-level, the cost-per-batch, facility-sustaining activities, and product-sustaining activities. Aunt Connie's...
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...Cookies: Accounting Systems to Determine Product Costs ACC 561 5 May 2011 Cookies: Accounting Systems to Determine Product Costs Every company in the world is either selling something for a profit or on its way to going out of business. Successful businesses will “cost” their products or services to determine the best business mix while continuously striving for sustained optimization or improvement. This includes but is not limited to production methods, labor, quantity determinations, and selling prices. Aunt Connie’s Cookies carved its niche in the dessert market with delicious lemon crème and real mint cookies. While moving forward in determining product costs and optimal business plans for her cookies, accounting systems could provide a substantial edge. Advertising and price reduction are two complimentary techniques to increase volume of sales. While they both reduce the contribution margin for the product in question, the overall sales quantity increase could supersede the reduction of contribution margin per unit. This of course, is the desired effect: to achieve maximum profitability at an acceptable level of quality. More pertinently, this is a critical insertion point for accurate cost accounting systems and sales predictions. While an overall picture of fixed and variable costs for a company is helpful, those same costs traced and allocated to specific products is more strategic. A modular or product-based look at contribution margins could aid Connie...
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...Idioms and Expressions by David Holmes A method for learning and remembering idioms and expressions I wrote this model as a teaching device during the time I was working in Bangkok, Thailand, as a legal editor and language consultant, with one of the Big Four Legal and Tax companies, KPMG (during my afternoon job) after teaching at the university. When I had no legal documents to edit and no individual advising to do (which was quite frequently) I would sit at my desk, (like some old character out of a Charles Dickens’ novel) and prepare language materials to be used for helping professionals who had learned English as a second language—for even up to fifteen years in school—but who were still unable to follow a movie in English, understand the World News on TV, or converse in a colloquial style, because they’d never had a chance to hear and learn common, everyday expressions such as, “It’s a done deal!” or “Drop whatever you’re doing.” Because misunderstandings of such idioms and expressions frequently caused miscommunication between our management teams and foreign clients, I was asked to try to assist. I am happy to be able to share the materials that follow, such as they are, in the hope that they may be of some use and benefit to others. The simple teaching device I used was three-fold: 1. Make a note of an idiom/expression 2. Define and explain it in understandable words (including synonyms.) 3. Give at least three sample sentences to illustrate how the expression is used...
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...“THE GODFATHER IS A STAGGERING TRIUMPH...THE DEFINITIVE NOVEL ABOUT A SINISTER FRATERNITY OF CRIME...” --Saturday Review “YOU CAN’T STOP READING IT, AND YOU’LL FIND IT HARD TO STOP DREAMING ABOUT IT!” --New York Magazine THE GODFATHER THE GODFATHER Mario Puzo Copyright © Mario Puzo 1969 All rights reserved For Anthony Cleri THE GODFATHER BOOK I Behind every great fortune there is a crime. --BALZAC Chapter 1 Amerigo Bonasera sat in New York Criminal Court Number 3 and waited for justice; vengeance on the men who had so cruelly hurt his daughter, who had tried to dishonor her. The judge, a formidably heavy-featured man, rolled up the sleeves of his black robe as if to physically chastise the two young men standing before the bench. His face was cold with majestic contempt. But there was something false in all this that Amerigo Bonasera sensed but did not yet understand. “You acted like the worst kind of degenerates,” the judge said harshly. Yes, yes, thought Amerigo Bonasera. Animals. Animals. The two young men, glossy hair crew cut, scrubbed clean-cut faces composed into humble contrition, bowed their heads in submission. The judge went on. “You acted like wild beasts in a jungle and you are fortunate you did not sexually molest that poor girl or I’d put you behind bars for twenty years.” The judge paused, his eyes beneath impressively thick brows flickered slyly toward the sallow-faced Amerigo Bonasera, then lowered to a stack of probation reports...
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