ACTG 512 GG Toys Setup Templates Estimation of Cost Driver Rates Cost Pool Cost (from Exhibit 1) Allocation Base (from Exhibits 1 and 4) Cost Driver Rate (= Cost / Allocation Base) Plant Management 40‚000 27‚000 $1.48 Machine Related 112‚000 11‚200 $10.00 Setup 13‚333 160 $83.33 Receiving/Production Control 63‚000 161 $391.30 Packaging and Shipping 53‚000 350 $151.43 Product Cost Calculations – Chicago Plant (Based on March Production
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CASE #4: G.G. Toys 1. Do you recommend that G.G. Toys change its existing cost system in the Chicago plant? In the Springfield plant? Why or why not? G.G. Toys should change its existing cost accounting system from traditional costing to activity-based costing (ABC) in the Chicago plant as it is allocating its entire manufacturing overhead on the basis of just one cost driver: production run direct labor cost. Since overhead at the Chicago plant is high‚ accurate cost accounting system is required
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G.G. Toys 1. Do you recommend that G.G. Toys change its existing cost system in the Chicago Plant? In the Springfield plant? Why or why not? In the Chicago plant‚ G.G. Toys should change its existing cost accounting system from the legacy or traditional costing methodology to activity-based costing (ABC). In allocating overhead as a percentage of direct labor cost‚ the margins of 9% and 34% in the Geoffrey doll and the specialty branded doll #106 respectively‚ do not reflect the actual cost of overhead
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the projects consume The salary costs The profit (gross) Asses the alternatives Explanation: Select the best alternative Develop an implementation plan Develop an implemanation plan Who What Where When How Contingency plan Questions 1. Why do smaller projects appear to be more or at least equally profitable as lager projects? By exhibit 2A the have divided the projects based on equal salary costs and overhead costs. From that graph the difference lies
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Gtoftry doIIproduct become has intolerable. production Increasing haae costs dropped pretaxmarginto less our than10%‚ below historical our 257omargins‚ wearegoing If far to increase margins‚ need consider our we to drastically shiftingour production towards sfecialtydolts aie that earning large prnniumin priceoaer standard line. a our doll -Robert Parker‚President‚ G.G.Toys Background Robert Parker‚ president of G.G. Toys‚ was discussing last month’s operating results with Audrey Hausner‚ G.G
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G.G. Toys – Nele Rieve – E01487695 – 10/14/2014 G.G. Toys is a leading manufacturer of high-‐quality dolls located in the US. The company is popular for its “Geoffrey dolls” but‚ due to rising product costs‚ has included customized dolls and cradles in its product mix. Two plants are used for the
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Autobiography My name is Michael Smith and I was born on the 30th of August‚ 1967 in Long Beach‚ California. My parents were Eddie Smith and Joan Smith. Both of my parents are deceased. My mom died at the age of 57 in 1994 from lung cancer which was the result of smoking her whole lifetime. My father died at the age of 69 in 2006 from a massive heart attack‚ which was also the likely result from a lifetime of smoking. Fortunately I have been smart enough to avoid that bad habit. My early childhood
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Gatsby and Bone are both possessed by a dream which kills them. Explore the importance of these dreams in the GG and HS. Dreams are a key theme in both F. Scott Fitzgerald’s The Great Gatsby and Patrick Hamilton’s Hangover square. I will be studying Fitzgerald’s and Hamilton’s text as a whole; investigating how both authors present dreams‚ how characters are possessed and the authors possible contextual influences. In this study I will also make a critical analysis of dreams and their importance
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Guns‚ Germs and Steel Preface * Basis: Why did history unfold differently on different continents? * Predominant focus on histories of literate Eurasia (western Eurasia) and North African societies 3 disadvantages 1. More people today are interested in understanding societies besides that of Western Europe a. Other societies encompass most of the world’s population and vast majority of the world’s ethnic‚ cultural and linguistic groups b. Other societies are already or
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Reason: Gender: There is a theory which supported by data from The Law Student Cohort‚ (Shiner and Newburn‚ 1995)‚ which indicates that law students‟ social origins vary significantly according to their sex and ethnicity. Women were more likely than men to come from families where neither parent had a degree or a professional qualification; directly point out why nowadays why the senior rank will be dominated. Education: Without attending a top university and having had work experience at a law
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