like to thank the institution – M.E.T. College and the faculty members without whom this project would have been a distant reality. PREFACE Comparative Study of Accounting System of Gunnebo India Pvt. Ltd and Ashok Leyland Ltd.: As part of the project we have studied the standard costing systems and the general accounting related to it followed by Gunnebo India Pvt. Ltd and Ashok Leyland Ltd. As per the guidelines given for the project we have taken the two companies. Both are manufacturing
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months at a tool and equipment cost of about $7,500. PWI currently has about $390,000 worth of special steel in current inventory that cannot be sold, even for scrap. Patrick Corrigan, from the parent company spokesman, expects Thorborg to exhaust all steel supplies. If sales of the steel ring continued until the plastic rings were ready for the market about 15,100 rings would remain in stock upon the plastic rings release date. Information supplied from PWI’s cost
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Program Area Costs Best Case Worst Case Justification Administration Salaries Administrator $60,000 Assistant $35,000 $30,000 Reduce weekly hrs Two Secretaries $42,000 $21,000 $21,000 Only one secretary Supplies $35,000 $20,000 Cutting back on supplies may be difficult for the company to maintain without proper supplies Advertising/Promotion $9,000 $4,500 $1,000 Because the company is already established it is very likely that advertisements can be cut down and have new patients
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Products Company is concerned with its level of competition and their product costing system. Peggy has discussed some of the issues facing the company with Roland and John. The following are overhead activities and the cost drivers associated with them: Overhead Activities | Cost Driver | Machine depreciation | Increases with the amount of machine usage | Setup labor | Increase with the amount of setup hours. | Receiving | Increases with the amount of shipments received | Materials handling
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AN ESSAY ON ACTIVITY BASED MANAGEMENT (ABM) HOW DOES 21ST CENTURY MAKES PROFIT HAPPEN? COST AND MANAGEMENT ACCOUNTING :BX2012 ASSIGNMENT DONE BY: EVA LOVELIN-12765541 WILSON HOW DOES 21ST CENTURY MAKES PROFIT IT IS TRUE THAT WE AS HUMANS HAVE EVOLVED GREATLY IN ALL ASPECTS OF LIFE. STARTED FROM THE STONE AGE AND NOW WE HAVE MADE OUR LIVES SO MUCH BETTER AND YET THE THIRST FOR KNOWLEDGE, GROWTH AND TO ACHIEVE MORE IS EVER LASTING. WE JUST CANNOT GET ENOUGH AND NOTHING WOULD BE GOOD ENOUGH AS
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Job Costing Job costing is a technique used where jobs are performed to meet the customer’s standards. It usually involves accounting for indirect and direct costs. For example, In a situation where you surveyed a week in business operations in what had looked like to be a busy week, but then the next day a bookkeeper shows a report that says the business lost money. One report says that integrators as a cohort are improving at estimating the materials side of job costing, but as jobs change and
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Product Manager From: Priscilla Chuong, Cost Accounting Date: March 21, 2016 Subject: Allocating Product Cost for Paper Hats It has come to my attention that there is a matter regarding the new introduction of Paper Chains and its effect on your department. From analyzing the current cost allocation system we are using right now, it is clear that there is an unfair distribution of product costs from this new project that is discouraging the company’s cost of Paper Hats to competitors and customers
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Products Co. Case Write-up 1. Use the Overhead Cost Activity Analysis in Exhibit 5 and other data on manufacturing costs to estimate product costs for valves, pumps, and flow controllers. | Total | Valves | Pumps | Flow Controllers | Manufacturing Costs: | | | | | Material Cost/Unit | | $16 | $20 | $22 | Units/Month | | 7,500 | 12,500 | 4,000 | Material Cost/Month | | $120,000 | $250,000 | $88,000 | Labor Costs: | | | | | Production Runs/Month | |
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system: 5 4. Assessment of overconsumption in 1995-1998 period: 6 5. Cost savings through reduced consumption in the 1999 system: 7 6. Conclusion: 8 7. Recommendation: 8 Appendix 1: Calculation cost of a large and a small customer in 1995-1998 system and 1999 system 9 Appendix 2: Calculation cost of actual usage in 1998 and proposed usage in 1999 under 2 systems in Huntsville Division 10 Appendix 3: Cost savings company get and lost 11 Ciatation: 12 1. Introduction: For
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Bakery, Inc. use? Super Bakery’s challenges are to control cost by reducing the overhead for serving their customers in different parts of the country, and by doing this they can use the ABC method; Activity-Based Costing System to enhance control over overhead costs and under ABC, the company can trace many overhead costs directly to activities by allowing some indirect costs to be identified as direct costs like the customer’s order cost for every individual customer that seems to be the same amount
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