performed (title, author, completion date, ordering party) 3. Conclusions arrived at, and decisions taken, from these former studies and investigations for further use within this study D.) Feasibility Study 1. Author, title 2. Ordering party E.) Cost of preparatory studies and related investigations 1. Pre-investment studies a. Opportunity studies b. Pre-feasibility studies c. Feasibility study d. Partial studies e. Experts, consultant and engineering fees 2. Preparatory investigations, such as:
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requirements, the traditional cost accounting system is closely linked to its general ledger system. This in particular has to do with cost allocation. Mostly, costs are accounted either for valuation (i.e., financial statements analysis) or decision-making activities (i.e., internal purpose) or both. Meanwhile, sometimes the costs are accounted for reimbursement purposes (e.g., corporate health insurance, corporate travel). The traditional approach to cost-allocation manages three sequence of actions:
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value of the cost pool; The Housekeeping Service department of Ruger Clinic scenario; cost-volume-profit (CVP) analysis; capitation rates: fee-for-service approach; cost approach, and demographic approach, and conventional versus zero-based budgeting. Key words: cost pool value, cost-volume-profit (CVP) analysis; capitation rates: fee-for-service; cost, and demographic approaches, and conventional versus zero-based budgeting. Ruger Clinic 1. What is the value of the cost pool?
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Manufacturing costs- direct materials, direct labor, manufacturing overhead Manufacturing overhead- indirect materials, indirect labor, maintenance, repair on equipment, property taxes, and things dealing with operating the factory Nonmanufacturing costs- selling costs: costs incurred to secure customer orders and get finished product to them, like advertising, shipping, sales travel, sales commission, sales salaries. Administrative costs: cost associated with general management like executive
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·························································4 3.1 Ethical Emergency: Duty of Care········································ 4 3.2 Important Strategic Move: Entering Corporate Advertising·····4 3.3 Decision on Documentary: Cost vs. Quality··························· 6 3.4 Financial Pressure: Decreased Re-commission Revenue·········· 7 3.5 Liquidity and Risk Control: Merchandising Right···················8 4. Recommendations ··································································10
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24 - 25 Environmental Management Accounting (EMA) versus Environmental Financial Accounting (EFA): If so, what is the significance of knowing the better accounting method to use when identifying environmental cost? It has become indispensable for companies to increase their responsibility regarding all facets of the environment and to acclimatize existing practices to cause limited environmental impairment; more especially at this present time when stakeholders
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well as direct material assistance to more than 200 homeless shelter and social agencies. Ruth Schwarts, executive director of the Shelter Partnership, Inc. handles the company’s cost accounting with confidence. She had been estimating the costs of the Partnership entities by making simple cost assignment and allocations; Ruth believed that her figures were reasonable and accurate. However, some concerns have developed and she wondered whether her costing procedures needed improvement. The Partnership’s
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Perform the first stage allocation of overhead costs to the activity cost pools. 2. Compute activity rates for the activity cost pools. 3. Construct a table showing the overhead costs of units and four orders. Ferris Corporation makes a single product - a fire resistant commercial filing cabinet - that it sells to office furniture distributors. The company has a simple ABC system that it uses for internal decision making. The company has two overhead departments whose costs are listed below:
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MBA Financial and Managerial Accounting Assignment 2012 Question 1 : Question 1.1 An Asset is objects that you own. These assets are divided in 2 classes e.g. Non - Current Assets , which are assets that may take longer than a year to convert such as property, Investments ext. Current Assets on the other hand is assets that is quickly to converted into cash , such a debtors ( someone who owes you money ) inventory and cash. A liability is defined by the following characteristics; any type
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carrying cost & “obsolescence.” (d) Service dept.: The service dept. Occupied over half the building space & was most labour intensive. (e) Body Shop: They consisted of a manager, three technicians & a clerk. Questions to be answered: (1) Using the data in the transaction, compute the profitability of this one transaction to the new, used, parts, and service dept. Assume a sales commission of $250 for the trade-in on a selling price of $5000. (Note: use the following allocations, new: $835;
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