1. Given some of the problems with Sippican’s cost system, should executives abandon overhead assignment to product entirely and adopt a contribution margin approach? Why or why not? The overhead spending is greater than the direct labour costs or the direct material costs for all three product lines- Valves, Pumps and Flow Controllers (Exhibit 2). Overheads are simply charged at 185% constant for three diverse products. The fact that there is huge variance in the number of units produced per
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Similarity Index 0% Similarity by Source Internet Sources: 0% Publications: 0% Student Papers: N/A include quotedinclude bibliographyexclude small matchesdownloadrefreshprint mode: Running head: DISCUSSION QUESTIONS Discussion Questions Discussion Questions Resources is define as organizational resource that makes a business run, and allocate organizational resources for business and make sure it is appropriately done in a competitive environment. It is hard to allocate these resources;
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The scope of cost in alcohol studies hypothesis paper Joyce Ann Shortridge Res/342 October 17, 2011 Robert Robinson. The scope of cost in alcohol studies hypothesis paper Alcohol abuse has a cost impact on both the society and the economic structure of any country. Some of these harms include work-related productivity costs problems, such as absenteeism, violent, and other crimes. Upon reading this paper it was understood that purpose of this research paper was not to show
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interests of the staff members, their availability and the likely outcomes of involving specific employees. You must also consider resource management. When planning work and allocating tasks to employees and employee groups teams efficiency, productivity, cost management and outcomes must all be considered. When allocating work and drawing up plans you must consider a project plan as it shows a
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Marking Scheme(Note: Breakdown of marks must be shown for each sub-question) | Allocation of Marks | 1. Who are the key players in this case? What are their roles?The key players are Mary May and Mr. Edwards.Mary May was a project manager who reported directly to Mr Edwards. As a project manager, Mary was responsible to oversee project implementation as well as the project’s pricing and costing.Mr Edwards was the Water Purification Group Vice President. He was responsible to all projects under
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begin with understanding the cost, strategies, objective, value & risks. In order to prioritize the project, we have to follow a structured process and consolidate a plan. We need to look into the following before we start, • Alignment with the strategic & practical plan of the educational Institute • Balance between maintenance projects & Investment projects • Allocation of R&D and right number of resources to complete the projects • Allocation of marketing expenditure
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addition, according to FRS 108, companies have to disclose further information such as major customers whom contributed more than 10% of the Group’s revenue. Company Overview As such, the two companies that we have chosen to analyze the addition costs and benefits by the implementation of FRS 108 are Aztech Group Limited (Aztech) as well as Singapore Telecommunications Limited (SingTel). Aztech is incorporated in 1986 and is subsequently listed on the Main Board of the Singapore Stock Exchange.
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is the severe decline in profit. Issues underlying these problems are stated below: (1) In the past, Elkay’s traditional standard costing system simply ignored its products diversity and cost structure; it did not reflect its actual resources consumed by products; gave inaccurate information about product costs and customer profitability by wrongly allocated
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Health Care Budget: Financial Management Practices Andrew Ojo HCS/577 University Of Phoenix Health Care Budget: Financial Management Practices Budget involves pulling resources together to achieve a specific goal. According to Gapenski (2006), budgeting is an offshoot in a planning process. A basic managerial accounting tool use in holding planning and control functions together is referred to as set of budgets (p. 255). Most entities and organization create budgets as a guide for controlling
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manufacturing costs may be assigned to products. And, some manufacturing costs—including the costs of idle capacity—may be excluded from prod-uct costs. An activity-based costing system typically includes a number of activity cost pools, each of which has its unique measure of activity. These measures of activity often differ from the allocation bases used in traditional costing systems. 8-2 When direct labor is used as an allocation base for overhead, it is implicitly assumed that overhead cost is directly
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