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.’s conkoller‚ and David Morehouse‚ G.G.’s manufacturing manager. The meeting was taking place in an atmosphere tinged with apprehension because margins on thelr most popular product
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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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Business Case 3 Survey Masters LLC Munise Evci Cynthia Rolaff Stefan van der Pligt Nazmi Evran BE25 FBEBSC0124 Mei 2013 Hogeschool Rotterdam Short Cycle Short Cycle process Who Natalie Patel and Carlos Lopez‚ Survey Masters LLC. What Should they take on all projects next year? Why When Decide by the end of the year. ASAP Case Difficulty Long Cycle Define
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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
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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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paintings were genuine. I think Danielle and Miguel have the intention of fooling Jennifer because Danielle might already know that the paintings given by Miguel were fake and yet he issued a Certificate of Authenticity for each of the work. If in case the buyers wanted a refund‚ Jennifer should not pay for them because she is in good faith during the sale. She may seek damages from Danielle and Miguel. 7.
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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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Maybe we could edit and refer to the sample report as follows. Note: This report is far more comprehensive than would be expected from a candidate in exam conditions. It is more detailed for teaching purposes. T4 Part B – Case Study Jot – toy case – March 2012 REPORT To: Jon Grun‚ Managing Director‚ Jot From: Management Accountant Date: 28 February 2012 Contents Review of issues facing Jot 1.0 Introduction 2.0 Terms of reference
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Principal of Management Case Study: Toys Galore The Case Toys Galore is a major manufacturer of toys which faces uncertainty about demand for its toys during the Christmas season. If there is a high demand for toys‚ and if Toys Galore: * Is fully able to meet this demand‚ then it makes additional revenue of $4m. * Is partly able to meet this demand‚ then it makes additional revenue of $3m * Is able only to supply at a low level‚ then it makes no additional revenue.
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