...G. G Toys Case Analysis By Managerial Accounting June 16, 2013 Costing systems are components of a broader accounting system used by a given company or organization. Their main function is to keep a focused eye on expenditures made by the company in question. Synthesis of Existing Cost Models to Meet System of System Needs, p.86. G.G. Toy's production process for dolls started with the basic raw materials needed for the bodies of the dolls, wool and things for the hair and clothing and all of these things were consist in production initially. Then, in its modern Chicago manufacturing facility, the company machine-molded the vinyl and resin into doll bodies and even had varies different styles and designs for the clothing. While using the same equipment and labor, they had to schedule when each of these modern jobs could be completed. I believe that explains why there was less units produced. Today’s new manufacturing environment requires new cost-accounting systems as well as new technology. It’s simple, updating the present system can achieve greater benefits in terms of producing and providing information for decision making in the future. (Updating Standard Cost Systems, Cheatham, C, Quonum Books, 1993). Therefore, I believe that G.G. Toys should change its existing cost accounting system from traditional costing to activity-based costing in the Chicago plant. Activity-based costing also known as ABC is a costing methodology that identifies activities...
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...1. Estimated cost of a Geoffrey Doll, the specialty-branded doll #106, and a cradle Based on the internal cost study, the costs of Geoffrey Doll and the specialty branded doll #106 changed drastically. There was no change in the costs of the cradle as the Springfield plant is very labor intensive. Below are the calculations for the total cost of each type of doll & the cradle: Cost Breakdown (in $) Geoffrey Doll Specialty Branded Doll #106 Cradles Direct Labor Cost 3.00 3.75 7.50 Direct Material Cost 5.00 6.00 12.00 Total Manufacturing Overhead (details in Appendix) 7.22 25.36 4.22 Total Cost 15.22 35.11 23.72 Revised costs at the Chicago facility are based on Internal Cost Study: • Labor and Material cost remain the same as these are direct costs • Machine Related costs are allocated in the ratio of the machine hours required for the production of each item • Plant management and facilities related costs are calculated using the old methodology and are allocated in the ratio of direct labor cost • Set up labor cost is allocated in the ratio of number of setup hours required to produce each unit • Receiving and production control cost is allocated in the ratio of production/machine runs required to produce each unit as per assumption 3 in the internal cost study • Packaging and shipping costs are allocated in the ratio of number of shipments as per assumption 4 in the internal cost study. 2. Profitability comparison of each doll under the new and old systems ...
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...In the Chicago plant, G.G. Toys should change its existing cost accounting system from the legacy or traditional costing methodology to activity-based costing (ABC). In allocating overhead as a percentage of direct labor cost, the margins of 9% and 34% in the Geoffrey doll and the specialty branded doll #106 respectively, do not reflect the actual cost of overhead. Currently G.G. Toys is calculating its manufacturing overhead costs on only on one cost driver, the direct labor. From case facts, we know that the manufacturing overhead at the Chicago plant is very high (approximately 95% of the overall GG Toys manufacturing overhead) The 3 different categories of dolls require different amounts of machine hours and other variable costs. By using Activity-based costing, each specific category of doll would have a different manufacturing overhead (and hence different contribution margin)allocated to it and the profit margin analysis for the doll category would yield an accurate result that can be used successfully for measuring controllability and relevance over long run. For the Springfield plant, GG Toys has approximately 5% of the overall overhead and from case fact, we know that GG purchases finished components from local manufacturers and then assemble the components (to form the cradles) using manual labor and there is no machine hours involved in this (Exhibit # 1). So, I recommend GG to keep the existing cost accounting system as the primary cost driver here is labor hours...
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...G.G. Toys 1. Do you recommend that G.G. Toys change its existing cost system in the Chicago Plant? In the Springfield plant? Why or why not? In the Chicago plant, G.G. Toys should change its existing cost accounting system from the legacy or traditional costing methodology to activity-based costing (ABC). In allocating overhead as a percentage of direct labor cost, the margins of 9% and 34% in the Geoffrey doll and the specialty branded doll #106 respectively, do not reflect the actual cost of overhead. Currently G.G. Toys is calculating its manufacturing overhead costs on only on one cost driver, the direct labor. From case facts, we know that the manufacturing overhead at the Chicago plant is very high (approximately 95% of the overall GG Toys manufacturing overhead) The 3 different categories of dolls require different amounts of machine hours and other variable costs. By using Activity-based costing, each specific category of doll would have a different manufacturing overhead (and hence different contribution margin) allocated to it and the profit margin analysis for the doll category would yield an accurate result that can be used successfully for measuring controllability and relevance over long run. For the Springfield plant, GG Toys has approximately 5% of the overall overhead and from case fact, we know that GG purchases finished components from local manufacturers and then assemble the components (to form the cradles) using manual labor and there is no machine hours...
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...REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT NATIONAL CAPITAL REGION BRANCH 245, PASIG CITY PEOPLE OF THE PHILIPPINES Plaintiff. -versus- CRIM CASE NO. 111222-33-44-GG FOR: THEFT BOB ONG Accused. X------------------------------------------- X JUDICIAL AFFIDAVIT I, POL G. MEDINA, Filipino of legal age, married and with address at 1224 PugadBaboy St. San Andrews, Manila, after having been duly sworn in accordance with law, do hereby depose and state that: Question No. 1 (“Q1”): What is your current profession? Answer (“A”): I am currently a barangay tanod in our barangay. Q2: Where is your barangay? A: It is in PugadBaboy St. San Andrews, Manila Q3: How long have you been a barangay tanod? A: I have been a tanod for 2 years now. Q4: What are the principal duties of your profession? A: My responsibility includes keeping the security of our barangay, traffic control, making arrests if there is a crime happening and there are no police to make the arrest. Q5: Where you the one who arrested the suspect BOB ONG? A: Yes, me and some of the tanods as well Q6: What day was this? A: Sunday, January 5, 2013 Q7: At what time did you make the arrest? A: It was 2:00 in the morning Q8: Are you sure? A: Yes Q9: How can you be sure? A: I looked at my wristwatch, and because I studied law and it taught me that whenever you make arrests, you should...
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...GONE GIRL August 29, 2013 GONE GIRL Based on the novel by Gillian Flynn Screenplay by Gillian Flynn TWENTIETH CENTURY FOX 10201 W. Pico Blvd. Los Angeles, CA 90035 FINAL SHOOTING SCRIPT AUGUST 29, 2013 Revisions September 15, 2013 & September 27, 2013 ALL RIGHTS RESERVED. COPYRIGHT 2014 TWENTIETH CENTURY FOX FILM CORPORATION. NO PORTION OF THIS SCRIPT MAY BE PERFORMED, PUBLISHED, REPRODUCED, SOLD OR DISTRIBUTED BY ANY MEANS, OR QUOTED OR PUBLISHED IN ANY MEDIUM, INCLUDING ON ANY WEB SITE, WITHOUT THE PRIOR WRITTEN CONSENT OF TWENTIETH CENTURY FOX FILM CORPORATION. DISPOSAL OF THIS SCRIPT COPY DOES NOT ALTER ANY OF THE RESTRICTIONS SET FORTH ABOVE. GONE GIRL by Gillian Flynn Based on the Novel By Gillian Flynn Yellow Revised Pink Revised Blue Script White Script — - 9/27/13 9/15/13 8/29/13 7/30/13 Al BLACK SCREEN NICK (V.0.) When I think of my wife, I always think of her head. FADE IN: INT. BEDROOM SOMETIME Al - We see the back of AMY DUNNE’S HEAD, resting on a pillow. NICK (V.0.) I picture cracking her lovely skull, unspooling her brain, Nick runs his fingers into Amy’s hair. NICK (V.0.) Trying to get answers. He twirls and twirls a lock, a screw tightening. NICK (V.0.) The primal questions of a marriage: What are you thinking? How are you feeling? What have we done to each other? AMY wakes, turns, gives a look of alarm. * BLACK SCREEN 2 EXT. NORTH CARTHAGE MORNING 2 - A carved faux-marble entry—reading FOREST...
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...Pre-Test 1. Financial accounting is an information system that: tracks and records an organization's business transactions 2. Jeff Brown is the sole owner of Shoe Central, a small shoe shop. One day, he buys a used car for his personal use, and pays $2,000 from his checking account. The fact that this transaction has no effect on Shoe Central's financial accounts is an application of the: 3. Jeff Brown, owner of Shoe Central, a small shoe store, buys cleaning supplies for his store once every six months. The fact that his accountant writes off, or records as expenses, the full cost of the cleaning supplies when they are purchased, rather than each monthly accounting period as they are used, is an application of the: 4. Oliver Enterprises buys a new stamping machine for $10,000 at an auction held by a company in bankruptcy proceedings. The machine is a very good deal; Oliver would have paid about $12,000 to buy it in the open market. Which of the following statements best describes the application of the historical cost concept? 5. Tournas Sports receives a special order for 100 team jerseys. The customer pays the full amount, $2,000, at the time of the order. The jerseys will be delivered in two weeks. Choose the statement that best reflects the application of the revenue recognition concept at the time of the order: 6. On April 30, Jemison Engineering receives a special order for a swing set, to be delivered to the customer in a month's time. Jemison...
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...1 THE ECONOMIC MOTIVES FOR CHILD ALLOWANCES: ALTRUISM, EXCHANGE OR VALUE OF INDEPENDENCE? Lisa Farrell*, Paul Frijters** and Michael A. Shields* * Department of Economics, University of Melbourne, Australia ** Tinbergen Institute, Free University Amsterdam, Netherlands August 2002 (preliminary draft) Abstract This paper looks inside the “black box” of the family and examines the determinants of inter vivos transfers in the form of allowances given to children. We consider in a simple model two main competing explanations for the transfer of money from parents to children in the form of regular allowances, namely altruism and exchange. We also extend the altruism framework to include unobserved child heterogeneity in monetary autonomy or the 'value of independence'. We use a unique dataset drawn from the British Family Expenditure Survey, which enables us to explicitly test both the inter-generational predictions of the various models, and through a study of siblings, we are also able to consider the intra-household aspects of such payments. Using both random (inter-household) and fixed-effect (intra-household) estimators, we find robust evidence of an nshape relationship between a child's external income and the receipt of allowances from parents. Importantly, this estimated profile does not fit the predications of simple models of altruism or exchange, but does fit an altruism model with unobserved heterogeneity. Further support for the importance of the value of independence...
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...BULIMIA Definition: Bulimia nervosa is an eating disorder characterized by binge eating and compensatory behaviors, such as self-induced vomiting, excessive exercise or misuse of laxatives, to prevent weight gain. The Diagnostic and Statistical Manual of Mental Disorders lists the following diagnostic criteria for bulimia nervosa: * Recurrent episodes of binge eating (characterized by eating, in a discrete period of time, an amount of food that is definitely larger than most would eat in that period of time and/or in that situation, combined with a sense of lack of control of eating during the episode) * Recurrent inappropriate compensatory behaviors in order to prevent weight gain, such as self-induced vomiting; use of laxatives diuretics, enemas or other medications; fasting; or excessive exercise * The binge eating and compensatory behaviors both occur, on average, at least twice a week for three months * Self-evaluation is highly influenced by body shape and weight. * There are two subtypes of bulimia nervosa: purging and nonpurging types. A person with bulimia nervosa, purging type, regularly engages in self-induced vomiting or use of laxatives, diuretics or enemas. A person with bulimia nervosa, non-purging type, does not engage in purging behaviors (and instead uses other compensatory behaviors, such as fasting or excessive exercise). Source: American Psychiatric Association. Diagnostic and statistical manual of mental disorders, 4th edition...
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...ACCOMMODATION DURING HOLIDAYS 1.1 Medium & long-term residents 1.1.1 Grand President 1.1.2 Centrepoint Serviced Apartments 1.2 Short time hotels 1.2.1 Playboy Hotel (PB Hotel) 1.2.2 Penthouse Hotel 1.2.3 Asoke Place 1.2.4 Street 1 lodge (Sukhumvit Soi 1) 1.2.5 Dynasty Inn. 1.3 Major Hotels 1.3.1 JW Marriott 1.3.2 Sheraton Grande Sukhumvit 1.3.3 Landmark Hotel 1.4 Others 1.4.1 Rembrandt Hotel 1.4.2 Nana Hotel 1.4.3 Manhattan Hotel MASSAGE PARLORS 2.1 Thai Traditional Massage (TTM) 2.2 Soapy massage 2.2.1 First Class MPs 2.2.2 Option 2 2.2.3 Option 3 2.2.4 Others 2.2.5 Remarks on models and sideliners 2.2.6 Remarks on a sandwich service 2.2.7 Remarks on youth and services provided 2.2.8 MP girls saying NO to a certain customer 2.3 Eden Club vs. Darlings? 2.4 Pattaya MPs 2.5 Oil Massage 2.5.1 Barons Barber Shop 2.5.2 Euro Inn PUBS AND BEER BARS 3 Pubs and beer bars 3.1 Sukhumvit Rd. 3.2 Patpong No. 1 4 Specialty bars and karaoke JOINTS 4.1 Counter 1 and 2 4.2 Star of Lights 4.3 Lolitas 4.4 EDEN Club 5 Dance Clubs 5.1 CM2 5.2 La Lunar 5.3 Bed 5.4 Club Orbit 6 Go-go clubs 6.1 Patpong 6.2 Thaniya Plaza 6.3 Nana Plaza 6.4 Soi Cowboy 6.5 How to avoid the pushy GGgirls? MEMBER Clubs and KTVs/PR Clubs 7 MEMBER Clubs and KTVs/PR Clubs 7.1 Exotica 7.2 Piano 7.3 Club 487 7.4 Chateau Blanc 7.5 Spice Club 7.6 The Club 7.7 FAQs on member clubs 8 Freelancers 8.1 Siam Hotel 8.2 Grace Hotel 8.3 How to behave with a freelancer? 9 Transportation 9.1 The useful BTS Skytrain 9.2 Taxi from...
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.... ReseaRching and WRiting a disseRtation a guidebook foR business students Colin Fisher second edition . Researching and Writing a Dissertation: A Guidebook for Business Students . We work with leading authors to develop the strongest educational materials in management, bringing cutting-edge thinking and best learning practice to a global market. Under a range of well-known imprints, including Financial Times Prentice Hall, we craft high-quality print and electronic publications which help readers to understand and apply their content, whether studying or at work. To find out more about the complete range of our publishing, please visit us on the World Wide Web at: www.pearsoned.co.uk . Researching and Writing a Dissertation: A Guidebook for Business Students Second edition Colin Fisher with John Buglear Diannah Lowry Alistair Mutch Carole Tansley . Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies throughout the world Visit us on the World Wide Web at: www.pearsoned.co.uk First published 2004 Second edition 2007 © Pearson Education Limited 2004 © Pearson Education Limited 2007 The right of Colin Fisher to be identified as author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical...
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...Results Overview of fast food market Fast food market Fast food restaurant Definitions Fast food restaurants feature a common menu above the counter; they provide no wait staff; and customers typically pay before eating and choose and clear their own tables. These restaurants are also known as quick serve restaurants (QSRs). Main type of food sold at the restaurant, including burgers, sandwiches, snacks, Mexican food, and pizza. sales. The next four, Subway, Burger King, Starbucks, and Wendy’s, had $8 to $10 billion each in sales and 6% to 7% of the market. The three YUM! Brands restaurants in the top 20 (Taco Bell, Pizza Hut, and KFC) ranked sixth, seventh, and ninth individually. Together their sales totaled $16.7 billion, or 12% of the market, and placed YUM! Brands in second place behind McDonald’s. The restaurants in our analysis represent several different segments of the fast food market including burgers (McDonald’s, Burger King, Wendy’s, Sonic, and Dairy Queen), sandwiches (Subway), snacks (Starbucks and Dunkin’ Donuts), Mexican food (Taco Bell), pizza (Pizza Hut and Domino’s), and chicken (KFC).4 The number of U.S. locations of these twelve restaurants totaled almost 100,000 and ranged from approximately 3,500 Sonic restaurants to almost 24,000 Subway restaurants. These twelve restaurants comprised 41% of locations for the top 50 restaurants. Fast food segment Table 2 presents 2008 and 2009 sales data for the twenty largest fast food restaurants in the United States...
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...15, 16, 17, 18, 20, 21, 22 and 72 shall be deemed to have come into force on the 2nd June, 1991 corresponding to the 18 Jaistha, 1398 (BS); and (b) except the sections mentioned above, all other sections shall come into force on the 1st July 1991 corresponding to the 16 Ashar, 1398 (BS). 2. Definitions.In this Act, unless there is anything repugnant in the subject or context,(a) 'exempted' means goods and services exempt from payment of value added tax under this Act; (b) 'output tax' means value added tax imposed under this Act; (c) 'input' means (i) except labour, land, building, office equipment and transport, all raw materials (any gas and any material used as fuels), packaging materials, service, machinery and spare parts; (ii) in the case of trading, goods imported, purchased, acquired or otherwise procured in any way for sale, exchange or transfer in any other manner; (d) 'input tax' means value added tax paid on inputs imported by registered person or purchased by him from any other registered person; (e) 'tax period' means a period of one month or such period as the government by notification in the official Gazette, fix in this behalf; 1 (f) 'taxable goods' means goods not included in the First Schedule; (g) 'taxable service' means any service not included in the Second Schedule; (h) 'Commissioner' means a Commissioner of Value Added Tax appointed under section 20; (i) 'account...
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...07年新托福阅读机经 1月13日 第一篇：进化论/自然选择 |1. |生物学的文章，关于进化的一些最新发现。首先说达尔文提出由于物种进化需要很长的时间，因此不可能会被人类观察到。但是最近的一| | |些发现却说明某些物种进化时间很短，可以被科学家所观察。然后，提出了一个关于环境与物种生存周期的假说，还说某个科学家研究一| | |种鱼类证明了这个假说的合理性。这种鱼在高处和低处都有，在低处的鱼捕食者较多，生存环境较为恶劣。科学家把低处的鱼放到高处，| | |大概十几年后，这些鱼体型变大了，生长周期变慢了，产的卵更大了，等等。然后说了另一个科学家的研究。这个科学家研究鸟类，其中| | |一种鸟的喙比另一种的大。某年，这些鸟类生存的地区气候变迁，某种坚果的产量下降；喙小的鸟只能吃较小的坚果，而喙大的鸟既能吃| | |小的坚果，也能吃大的更硬的坚果；于是更多的喙大的鸟存活了下来。而且，这些存活的鸟的后代的喙都增大了4%。后来的内容记不清了| | |，文章主要就是这样了。 | | | | |2. |生命起源也是生物学的文章，关于巴斯德（曲颈瓶的发明者，反对生命自然发生说）以及米勒的实验（将碳氢化合物分子，如甲烷、氨和| | |氢等与水混合，一起灌入到一个特殊的玻璃装置中，给瓶内混合物加热，使之不断沸腾，产生气体。气体经过一个装有两个电极的小室，| | |室内连续产生火花，犹如大自然的闪电和火山爆发，然后经过冷却又变成液体回到原处。最后产生了组成现代生命的蛋白质结构中的几种| | |氨基酸成分）。文章首先说人们认为微生物是自然发生的，巴斯德却认为微生物本来就存在于空气中，像尘埃一样到处飘。为了验证他的| | |观点，就做了一个实验：把一锅汤煮沸然后密封，多天之后汤没有变质，说明没有产生微生物。反对者又说必须要与大气接触才会有化学| | |反应从而出现微生物，于是巴斯德设计了一种曲颈瓶，瓶内的液体可以接触外界空气，但是空气中微生物无法进入瓶中。巴斯特将汤盛入| | |这种曲颈瓶中，多天以后，也没有变质，从而证明了他自己的观点。尔后，文章又说，虽然巴斯德是正确的，但是地球起初并没有任何生| | |命，所以肯定至少有一次，生命是自然发生的。于是就说了米勒的那个实验。证明了生命始有可能自然发生的。 | | | | |3. |新英格兰农业发展文章讲了美国北部地区新英格兰的农业。首先说了殖民者来到新英格兰时，遇到了很多发展农业的问题，对比了新英格| | |兰地区和英格兰的自然环境、地理状况。由于特殊的气候和地理条件，很多原本英格兰的各种农作物都不适宜耕种。后来，这些殖民者发| ...
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