Sippican’s cost system‚ should executives abandon overhead assignment to products entirely and adopt a contribution margin approach in which manufacturing overhead is treated as a period expense? Why or why not? 2. Calculate the practical capacity and the capacity cost rates for each of Sippican’s resources: production and setup employees‚ machines‚ receiving and production control employees‚ shipping and packaging employees‚ and engineers. 3. Use these capacity cost rates and
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How Roles and Statuses Affect Behavior There is a fine line between status and role. Status is the position or a rank in a group or social structure. An example of this would be the president‚ Barack H. Obama. The president is a status because it is a position in a social structure; in this case‚ Barack H. Obama would be the president of America. On the other hand‚ a role is an assumed or an expected way a person should behave. For example‚ a mother is an assumed position where as soon as a female
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Behavior Intervention 1 RUNNING HEAD: Behavior Intervention Behavioral intervention of a schoolboy displaying low on-task behavior in his classroom Monique Douglas Edith Cowan University Behavior Intervention 2 Abstract The on-task behavior of a schoolboy aged 11 named Alan was monitored over an intervention period of 39 days. This period consisted of observation‚ intervention and follow-up segments. Target behaviors were defined. These behaviors were then
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ORGANIZATIONAL BEHAVIOR AND HUMAN DECISION PROCESSES 50‚ 179-211 (1991) The Theory of Planned Behavior ICEK AJZEN University of Massachusetts at Amherst Research dealing with various aspects of* the theory of planned behavior (Ajzen‚ 1985‚ 1987) is reviewed‚ and some unresolved issues are discussed. In broad terms‚ the theory is found to be well supported by empirical evidence. Intentions to perform behaviors of different kinds can be predicted with high accuracy from attitudes toward the behavior‚ subjective
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allocate service department costs to “production” or user departments‚ and ultimately to the products and services that they provide. For example‚ hospitals use sophisticated methods for allocating costs of service departments such as Housekeeping‚ Patient Admissions‚ and Medical Records to patient wards and outpatient services‚ and then to individual patients. Historically‚ these allocations were important to hospitals because Medicare reimbursement was based on actual costs. To the extent that the
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Was the existing system adequate in the past? Why or why not? Why is it no longer adequate? The existing system was adequate in the past due to heavy reliance on direct labor hours. The ETO served as a central cost center‚ and transferred the costs to other divisions at direct costs plus allocated burden. Being in the late 1970s and early 1980s‚ technology testing of components required fewer cycles‚ and less complicated structures. Hence‚ such testing on products could be carried out by direct
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Low-Cost Leadership and Differentiation Strategies Laura Allard November 21‚ 2010 William Hogan Management Cases Upper Iowa University Abstract This paper discusses Low-Cost Leadership and Differentiation business strategies. The paper explains what each strategy is and how they can be applied‚ utilized and maximized as strategies for a company. Suggestion of methods to implement and the strategies are discussed‚ including when the strategies work best. Low-Cost and Differentiation
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Inventoriable costs are expensed when incurred. Answer Selected Answer: False Correct Answer: False Question 2 1 out of 1 points Correct Finished goods inventory is ordinarily held for sale by a manufacturing company. Answer Selected Answer: True Correct Answer: True Question 3 1 out of 1 points Correct Indirect labor is not a component of manufacturing overhead. Answer Selected Answer: False Correct Answer: False Question 4 1 out of 1 points Correct The following equation
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company uses a process cost accounting system. Its Assembly Department’s beginning inventory consisted of 50‚000 units‚ 3/4 complete with respect to direct labor and overhead. The department started and finished 127‚500 units this period. The ending inventory consists of 40‚000 units that are 1/4 complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24‚000 and overhead costs of $32‚000 for the
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deluxe model. The following activity and cost information has been compiled: Number of Number of Number of Product Setups Components Direct Labor Hours Standard 3 30 650 Deluxe 7 50 150 Overhead costs $20‚000 $60‚000 Assume a traditional costing system applies the $80‚000 of overhead costs based on direct labor hours. a. What is the total amount of overhead costs assigned to the standard model? b. What is the total amount of overhead costs assigned to the deluxe model? Assume an
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