GENERAL MILLS‚ INCORPORATED A Cost Accounting Analysis COMPANY BACKGROUND General Mills (GSI) is the sixth largest food company in the world. The company currently operates in more than 100 foreign countries and employs over 35‚000 people. . GSI manufactures and markets branded consumer foods worldwide and supplies branded and unbranded food products to the foodservice and commercial baking industries. The company manufactures cereals‚ yogurt‚ ready-to-serve soup‚ dry dinners‚ frozen vegetables
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1. Assignment 1A (10 points) (Question for Review 14‚ page 1-23 of your textbook Question: Summarize the procedure followed by the Human Resources Department in hiring new employees. The procedure that may be followed by the Human Resources Department in hiring new employees is: a. Receive request for new employee. b. Examine applications. c. Interview applicants. d. Administer tests. e. Check references. f. Select and notify successful applicant. g. Send information to Payroll Department
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their database to assign costs to specific customers and to their outsourced contractors provided service to the customers. The cons for the ABC were the matrix design of figuring out specific cost drivers‚ it also was an expensive system to implement. The pros to ABC seemed to outweigh the cons. ABC allowed Super Bakery to track profitability of each individual customer and track the performance of the outsourced contractors. Management was able to identify that the key cost driver was not the dollar
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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Slugger baseball bats during May. Costs for the Forming Department for the month of May were as follows: Direct materials $33‚000 Conversion costs $17‚000 A total of 8‚000 bats were completed and transferred to the Finishing Department during May. The ending work in process inventory was 100% complete with respect to direct materials and 25% complete with respect to conversion costs. The company uses the weighted-average method of process costing. 1. The cost of the units transferred to the Finishing
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Production and Cost Analysis Please read this article and answer the questions keeping in mind the information we have covered in the textbook: Fundamentals of Managerial Economics by Mark Hirschey (at least a good paragraph for each question) Article #1: Supersizing Hits Freight World By JENNIFER LEVITZ AUGUST 15‚ 2010‚ The Wall Street Journal When Kraft Foods Inc. packs trucks with weighty items such as jars of Miracle Whip and pouches of Capri Sun juice‚ 40% of the rigs must leave the loading
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PepsiCo Inc. History The origin of PepsiCo Inc. began with its namesake beverage‚ Pepsi-Cola‚ invented by a pharmacist named Caleb Bradham in 1898 in New Bern‚ North Carolina. With its main ingredients pepsin and kola nuts‚ Pepsi-Cola offered a refreshing drink that was healthy and capable of aiding in digestion brought about by the pepsin enzyme found in the soda. Well received by the public‚ Pepsi Cola was soon patented in 1902 and was readily available throughout 24 states in America by 1910
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70‚000 units 80‚000 units 90‚000 units Sales $1‚400‚000 $1‚600‚000 $1‚800‚000 Cost of goods sold 840‚000 960‚000 1‚080‚000 Gross profit on sales $560‚000 $640‚000 $720‚000 Operating expenses ($90‚000 fixed) 370‚000 410‚000 450‚000 Operating income $190‚000 $230‚000 $270‚000 Income taxes (30% of operating income) 57‚000 69‚000 81‚000 Net income $133‚000 $161‚000 $189‚000 Assume that the cost of goods sold and variable operating expenses vary directly with sales and the income taxes remain
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NT1110 Unit 6 Analysis 2: Memory Cost 1. Your OS will use the hard drive as a "swap file" or virtual memory‚ if your PC runs out of RAM while you are working away. Using your hard drive as memory causes a serious performance hit‚ as hard drives are slower than RAM. You must have enough memory‚ adding more does not help if you are not doing anything that needs more memory. Today‚ a modern PC and a modern OS need about 4 gigs to achieve this for most standard users. You want enough RAM so the OS
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The cost profit analysis (CVP) determines how cost and volume affect a company’s operating income. To successfully perform the analysis the five basic components have to be known. The components are volume or level of activity‚ unit selling prices‚ variable cost per unit‚ total fixed cost‚ and sales mix. Volume or level of activity is how many units are produced or sold. The unit selling prices are the cost that each unit produced is sold or thought to be sold will sale for. The variable cost per
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