PME601 WEEK THREE HOME WORK VIDEO ONE: The Project Management Office (PMO) The PMO has become an important part of the business process because they align project objectives and broader business goals. One of the most important rolls the PMO has is taking on the role of becoming the guardian of all project management intellectual property. Executives fight over control of the PMO so they can have access to all the intellectual property. In order for a company and senior executives to accept
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Activity-Based Cost Grisel Rosas ACC/561 9/21/2015 Debra Luna Activity-Based Cost A. Activity Cost Pool Estimated Overhead Market Analysis $1,050,000 Product Design $2,350,000 Product Development $3,600,000 Prototype testing $1,400,000 Total $8,400,000 Activity Cost Pool Cost Drivers Expected Use of Cost Drivers per Activity Market Analysis Hours of analysis 15000 Hours Product Design Number of Designs 2500 Design Product Development
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costing. Describe the source documents used to track direct materials and direct labor costs to the job cost sheet. Calculate a predetermined overhead rate and use it to apply manufacturing overhead cost to jobs. Describe how costs flow through the accounting system in job order costing. Calculate and dispose of overapplied or underapplied manufacturing overhead. Calculate the cost of goods manufactured and cost of goods sold. Lecture Presentation–LP2 www.mhhe.com/whitecotton1e 36 FOCUS
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submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support. 18: CHAPTER SPOILAGE, REWORKED UNITS, AND SCRAP TRUE/FALSE 1. Reducing defects helps to reduce costs, but does not make the business more competitive. Answer: False Difficulty: 2 Reducing defects does make the business more competitive. 2. Objective: 1 Reworked goods are unacceptable units of production usually not capable of being repaired or converted
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year. GIC’s current cost allocation system must be revised to accommodate the implementation of a new management planning and performance management system. The goal is to better allocate GIC’s corporate support-service costs to the business lines and business units in a result of more precise pricing strategies, sales compensation and improved cost control. We have analyzed GIC’s situation based on the given information, and concluded with a solution to improve the old cost allocation system.
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MANAGEMENT ACCOUNTING (Relevant Costing and Standard Costing) Instructions: In separate sheet of paper, number your paper 1 to 120, and write the letters only (a,b,c,d, T, F) TRUE-FALSE STATEMENTS 1. Incremental analysis identifies the probable effects of management decisions on future earnings. 2. In making decisions, management considers only financial information because accounting is presented in financial context. 3. In incremental analysis, total fixed costs will always
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entity. “ Thus, only direct costs must be accrued in the end of 2010: the lease termination fee $1.3 mln and the exit package for the terminated employees $3 mln. Cost of dismantling the old equipment should not be accrued as a restructuring cost because there is no legal liability to do so, and it was not the practice of Pharma Co to dismantle the old equipment when abandoning plant before. Therefore, this is not a cost necessary entailed by the restructuring. The costs of moving and retraining the
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to calculate insourcing and outsourcing costs on a per-unit basis. One objective of this case is to familiarize participants with the idea of total cost, and to become accustomed to allocating costs on a per unit basis. Total cost per unit cost allocation allows valid comparisons between insourcing and outsourcing options. INSOURCING COSTS Direct Materials Costs When calculating direct material costs, the key numbers involve last year's production, the cost per 50 lb. block, and the average semi-finished
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According to CIMA terminology, “a budget is defined as the quantitative expression of a plan for a defined period of time. It may include planned sales volume and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.”(CIMA Official Terminology, 2005). This in other word means the set out of a company’s objective for a period of time for an organization and it is usually conveyed in figures term. A budget has its advantages and disadvantages; they help stimulate
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PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DEGREE OF POST GRADUATE DIPLOMA IN MANAGEMENT (FINANCE) By Abhay Goyal 13DM006 Under the guidance of Dr. Girish Jain Mr. Anil Kumar Professor DGM (F&A) Accounting and Finance ONGC BIMTECH New Delhi 2013-15 TABLE OF CONTENTS CONTENTS CERTIFICATE FROM MENTOR v CERTIFICATRE FROM HR vi SUMMER PROJECT CERTIFICATE vii ACKNOWLEDGEMENT viii LETTER OF TRANSMITTAL ix LETTER OF AUTHORIZATION
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