ODFL’s success is its dedicated fleet of freight drivers. ODFL drivers pride themselves on being innovative‚ reliable‚ courteous‚ responsive‚ professional and ethical‚ for they are they are the heart and soul of the freight industry. “Trucking accounts for how we move 80 percent of cargo in our nation” (Bynum‚ 2012 para 1). ODFL however‚ is facing a potentially disastrous problem: as older truck drivers retire there is a growing shortage of new drivers willing to take their place. “The rigors of the
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allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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B313F Management and Cost Accounting Assignment 1 Date due: 29 October 2008 Weighting: 15% of the total marks of the course Question 1 (25 marks) Mini Case – Seto’s Storage Warehouse Paul Seto owns and manages a commercial storage warehouse. He stores a vast variety of perishable goods for his customers. Under the existing pricing policy‚ he has charged customers using a flat rate of $2.40 per kilogram per month for goods stored. His storage warehouse has 10‚000 cubic metres of
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to know how to be a defensive driver. 2. I want to know how to be safe on the road. L—What you Learned Discuss at least two new things you learned from Module One. 1. That speed kills 2. Accidents on the road are very dangerous and will kill. If you do not have your permit‚ please provide the last four digits of your social security number so that your teacher can issue your drug and alcohol certificate. My last four digits are: 7002 Module 2: The Driver: Complete one option below
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costing and activity-based costing. 2. Identify the steps in the development of an activity-based costing system. 3. Know how companies identify the activity cost pools used in activity-based costing. 4. Know how companies identify and use cost drivers in activitybased costing. 5. Understand the benefits and limitations of activity-based costing. 6. Differentiate between value-added and non–value-added activities. 7. Understand the value of using activity levels in activity-based costing.
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four digits are: 8735 Module 2: The Driver: Complete one option below. OPTION 1 Aha Moments: Aha moments are times when you have been reading something and the text suddenly makes sense or becomes clear to you. Please use complete sentences and proper spelling and grammar. Describe three aha moments that you had as you worked through Module Two. 1. Our emotions and attitudes affect our driving. 2. Having the knowledge presented by Drivers Ed‚ it can help prevent accidents and deaths
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FOREST HILL PAPER COMPANY BACKGROUND INFORMATION 1. How would you classify Forest Hill Paper Company in terms of size and ownership? Forest Hill Paper Company is a small‚ closely-held company. Relatively few shareholders own the majority shares of the company. It is most likely a private company. 2. What is the nature of the industry in which Forest Hill competes? Forest Hill is a small company‚ but has to compete against large companies in a commodity market. Paper and paperboard producers
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A) Write an essay (700-900 words) in which you analyse and interpret Richard Knight’s short story “Sorry for Disturbing You”. To put your interpretation into perspective‚ your essay must include a discussion of at least two of the other items listed below. One of these must be a text. Being alone is something that some people voluntarilychose to be‚ while loneliness is an involuntary eternal state that hurts its offer. When feeling lonely‚ you feel that you do not really belong anywhere‚ and
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Contents Page Page 1 Executive Summary 5 2 Introduction 6 3 Current Costing System 7 3.1 Limitations 7 3.2 Potential Consequences 8 4 Activity Based Costing System 9 4.1 Appropriate Approach 9 4.2 Overcome Consequences 10 5 Tables 5 and 3 11 6 Analysis 12 6.1 Current Costing System 12 6.2 Activity Based Costing System 12 6.3 Differences in Total Product Costs 13 7 Recommendation 14 8 Conclusion 15
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HAR VA R D B U S I N E SS S C H O O L P R E SS Activity-Based Costing: Introduction E xc e r p t e d fro m Cost & Effect: Using Integrated Cost Systems to Drive Profitability and Performance By Robert S. Kaplan and Robin Cooper Harvard Business School Press Boston‚ Massachusetts ISBN-13: 978-1-4221-1596-1 1596BC Copyright 2006 Harvard Business School Publishing Corporation All rights reserved Printed in the United States of America This chapter was originally published as chapter
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