Executive summary Cost management is a critical technique to every business firm; the main issue for manager making decision is cost control and profit maximization. This report aims to analyze the different cost occur in a real business based on a case study of Gearbulk Australasia Pty Ltd such as costing systems and value chain. The main methodologies we used in this project are face to face interview of the company’s line manager who called Bryan. It provides us lots of insights of cost control and
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Intermediate Accounting Review Exam 3 Chapter 4 Statement of Cash Flows (SCF): is an essential component within the set of basic financial statements. Is presented for each period for which results of operations are provided. Operating Activities: inflows and outflows of cash related to the transactions entering into the determination of net operating income. Cash inflows include cash received from: 1. Customers from the sale of goods or services. Ex./ collection of cash from customers
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COST ACCOUNTING-MMS FORMAT OF COST SHEET Opening stock of Raw Material XX Add: Raw material purchased XX Less: Closing Stock of Raw Material XX Raw Material Consumed ZZ Direct Labor XX Direct Expenses. XX PRIME COST ZZ Add: Factory Overheads: Indirect Material XX Indirect Labor XX Indirect Expenses XX GROSS WORKS COST/FACTORY COST ZZ Add: Opening WIP XX Less: Closing WIP XX COST OF GOODS MANUFACTURED
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Appendix……………………………………………………………………………………………….….25 Executive Summary Bakery Mania is in the early development and introduction period. Bakery Mania will be a superior bakery‚ quality‚ friendly and worthy baked desserts. The company expects that in the first year‚ daily menus will be our main income. However‚ when the bakery has created a good reputation among the customers‚ the major incomes will be expected from the special menus and custom orders. Bakery Mania competes in the market of the pastry and desserts
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SOAL LATIHAN CHAPTER 18 ASISTENSI COST ACCOUNTING UNIVERSITAS BAKRIE 1. 18-16 The following data‚ in physical units‚ describe a grinding process for January : WIP‚ beginning 19‚000 Started during current period 150‚000 To account for 169‚000 Spoiled units 12‚000 Good units completed and transferred out 132‚000 WIP‚ending 25‚000 Accounted for 169‚000 Inspection occurs at the 100% completion stage. Normal spoilage is 5 % of the good units passing inspection
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ADM 3346A COST ACCOUNTING Solution Fall 2010 Midterm Examination STUDENT NAME: _________________________________________________ STUDENT NUMBER: ________________________________________________ 90 minutes INSTRUCTIONS 1. 2. 3. 4. Books and notes are not permitted‚ except language dictionaries. Non programmable calculators are permitted. Put all answers in the question booklet Questions concerning possible errors in the exam only will be answered. Questions Max Points
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11. A total variance is best defined as the difference between total a. actual cost and total cost applied for the standard output of the period. b. standard cost and total cost applied to production. c. actual cost and total standard cost of the actual input of the period. d. actual cost and total cost applied for the actual output of the period. 12. The term “standard hours allowed” measures a. budgeted output at actual hours. b. budgeted output at standard hours. c. actual output
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1/ Variable Costs: The variable cost will be 40% higher [ an increase of 21‚000 - 15‚000=6‚000 units] Direct Material used 1‚060‚000 Variable Costs: Direct Labor 1‚904‚000 Direct material used [ 1‚060‚000 *1.4] 1‚484‚000 Unit costs [ 6‚335‚600 / 21‚000] =$ 301.7 Indirect Materials and supplies 247‚000 Direct Labor [ 1‚904‚000 * 1.4] 2‚665‚600 Variable Cost/ Unit = 228.27 at both 15k & 21k units Power to run plant eqip 213‚000 Indirect Materials
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Super Bakery 1. What strategies and tactics did the management of Super Bakery‚ Inc. use to increase sales and growth? -Super Bakery has really taken a unique approach to running their business. They own this company that manufacture and sales doughnuts‚ but not really. In reality they bring many companies together under their product umbrella to manufacture‚ sale‚ store‚ and distribute doughnuts. By outsourcing all of this work they are able to "maximum value to the company while making
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Brittany Newsome 942416017 Sundown Bakery In the Sundown Bakery scenario‚ the business started as a small operation‚ but as it expanded it led to changes in the way it was run. The family feeling‚ and closeness that was once strong was less noticeable. The new employees did not even know Bruce and Carol‚ the owners‚ and the old employees did not like receiving orders from corporate management. There was no longer any face-to-face communication. As a result‚ there was less give-and-take
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