Section 1, Group 11 Group Members: Alex Schaefer, Shilpa Sitaram and Tushar Bhandari Assignment #1: Wilkerson Company Case 1) The existing cost system allocates overhead based on each product’s proportion of direct labor costs. The rate per unit of direct labor cost is 300% for all product groups. This results in the following cost breakdowns: 2) When you use an activity based cost model the allocations are as follows: Product Profitablity analysis | | | | | Valves | Pumps | Flow
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COMPREHENSIVE EXAMINATION A (Chapters 1 - 4) Problem A - I — Multiple Choice (20 points) Circle the one best answer. 1. Cost of goods manufactured during a period is obtained by taking the total manufacturing costs incurred during the period and adding and subtracting the following inventories: Adding Subtracting a. Beginning finished goods inventory Ending finished goods inventory b. Beginning work in process inventory Ending finished goods inventory c. Beginning raw materials
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เรียงเรียงโดย ศูนย์การลดต้นทุน Cost Reduction Center บทสรุป เอกสารฉบับนี้มีวัตถุประสงค์ในการศึกษาต้นทุนโลจิสติกส์ของบริษัทกาวอุตสาหกรรม โดยมีการนำระบบต้นทุนฐานกิจกรรม (Activity-based Costing) เข้ามาเป็นเครื่องมือในการวิเคราะห์ต้นทุน โลจิสติกส์ของบริษัทกรณีศึกษา ในการศึกษาวิจัยครั้งนี้ ผู้วิจัยได้เก็บข้อมูลต้นทุนเบื้องต้นในทุกแผนกที่เกี่ยวข้องกับกิจกรรมโลจิสติกส์ รวมไปถึงสัมภาษณ์เจ้าหน้าที่เกี่ยวข้อง จากนั้นจึงนำข้อมูลที่ได้มาทำการวิเคราะห์ต้นทุน และทำการคำนวณต้นทุนทรัพยากรทั้งหมดที่ใช้ไปในทุกกิจกรรม
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from the dot com bubble collapse, and the onset of the economic recession. This major loss in revenue, current market conditions, and a large amount of liabilities from all the companies they had been acquiring led WorldCom to their involvement in accounting fraud. 2. What is the boundary between earnings smoothing or earning management and fraudulent reporting? The boundary between income smoothing and fraudulent reporting seems to be more of a blurred line than a distinct one. Both actions
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* What is mental accounting and how does it impact consumer decision making? Mental accounting is an economic term penned by Richard Thaler that describes how people code, categorize , and evaluate economic outcomes. The result is that consumers place their money into mental buckets based on how they got it (i.e. work, lottery winnings, or other windfalls) and the intent for each bucket such as current income, current wealth, and future income. According to Thaler’s theory, these assets are
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Hello Dolly A disposal group for a long-lived asset or assets to be disposed of by sale or otherwise represents assets to be disposed of together as a group in a single transaction and liabilities directly associated with those assets that will be transferred in the transaction. Note: The following definition is Pending Content; see Transition Guidance in 205-20-65-1. A disposal group for a long-lived asset or assets to be disposed of by sale or otherwise represents assets to be disposed of
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causation. It was one of most popular phrases in the Statistics class. Recently, I read an article and enjoyed the statistical practices in accounting discussions. The article is “SEC’s New Focus on Accounting Fraud” written by Jonathan B. MacKenzie (http://www.law360.com/articles/460715/sec-s-new-focus-on-accounting-fraud-what-s-on-its-radar). Accounting fraud cases brought by the SEC have been decreasing in recent years. As shown in the graph below, the financial fraud matters brought by Enforcement
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Olympus Accounting Fraud ACTG 6100 Professor Mark Jobe Feb. 18, 2014 Inhwa Kim M01243678 The Olympus has a pretty strong position in the camera market. This company is popular because they made the world’s first DSLR (Digital Single-Lens Reflex). Many camera users who are located in all around the world prefer the Olympus. Also, the Olympus is popular because the company made the medical devices, endoscope which is able to watch inside the organ of human body. The Olympus, which
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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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Running head: THE FORENSIC ACCOUNTANT FORENSIC ACCOUNTING IN PRACTICE Tanon Patrick Contemporary Business - BUS 508 Dr. Ronnie A. Jones December 20, 2013 Abstract Accounting is the systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity (Business
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