transported to the refining facility by Palm Haul Sdn Bhd (PHSB)‚ a transport company based in Perak. Since 2006‚ the transport service rendered by PHSB has been facing challenges whereby its portion of its CPO cargo is sold to illegal market by its truck drivers. To compensate the missing load‚ the weight is being replaced with sludge‚ water or used oil. This has contributed to bad quality CPO thus increasing the processing cost of the refinery and inability to meet customers specification. In 2009‚ there
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materials and product components after a product has been taken back by a company. The crux in developing an ABC model is to identify the activities that will be present in the demanufacturing process of a product‚ and afterwards assign reliable cost drivers and associated consumption intensities to the activities. Uncertainty distributions are assigned to the numbers used in the calculations‚ representing the inherent uncertainty in the model. The effect of the uncertainty on the cost and model behavior
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Cumberland Metal Industries: Engineered Products Division‚ 1980 October 21‚ 2013 CA by Yiwen Zhang Cumberland Metal Industries (CMI) is one of the largest metal manufacturers in the world. The company evolved from selling metal as a finished product to one that used it as a raw material‚ increasing sales from $250‚000 in 1963 to over $18‚500‚000 in 1979. Currently‚ CMI relies heavily on SlipSeal‚ which is used as a high-temperature sealant in automobiles. Although CMI dominates
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CASES FROM MANAGEMENT ACCOUNTING PRACTICES Table of Contents Case 1: Case 2: Bal Seal Engineering Robin Cooper Bill’s Custom Planters William Stammerjohan Deborah Seifert Dublin Shirt Company Peter Clarke in assoc. with in assoc. with Paul Juras Wayne Bremser ECN.W William Lawler Endesa Gary M. Cunningham Scott Ericksen Francisco J. Lopez Lubian Antonio Pareja Kincaid Manufacturing Jon Yarusso Ram Ramanan Osram.NA John Shank Lawrence Carr William Lawler Pleasant Run Children’s Home Brooke E. Smith
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brain-dead people are the norm in common carrier management‚ who with their noses in the computer screen and fingers clattering over the keyboard like a honky-tonk piano player‚ illiterate except for the computer‚ try every way they can to robotize drivers. Webster’s Dictionary defines the word “robot” as: “artificially manufactured persons‚ mechanically efficient but devoid of sensibility; hence‚ a brutal‚ efficient‚ insensitive person; an automation.” Is that not what many of us are becoming
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Activity-based Costing (ABC) An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. There are four levels of a cost hierarchy: 1- Output unit-level costs: costs of activities performed on each individual unit of a product or service. 2- Batch-level costs: costs of activities related to a group of
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eight-sentence paragraph. ( Designated drivers have probably saved nearly 50‚000 lives and spared many more thousands of people from suffering injury from drunk driving. Nine out of 10 Americans who attend social events where alcohol is served would like to see designated drivers used and the proportion of people using or being a designated driver has increased dramatically over time. Two each year over 73‚000‚000 Americans either serve as a designated driver or are driven home by one. People that
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no easy way to do this‚ without hurting your ability to keep drivers in your trucks‚” he says. “Is it that the costs for driver selection and recruitment have gone up?” “No‚ the costs have been the same‚” responds the recruiter. “It’s just that we have had to do so many orientation and hiring sessions since the first of the year.” “David‚ it might be best if I get a look at some of your hiring statistics‚ as well as your driver census
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case 2 C. Greetings Inc. : Activity-Based Costing Developed by Thomas L. Zeller Loyola University Chicago‚ and Paul D. Kimmel‚ Univ ers ity of Wis consin-Milw aukee THE BUSINESS SITUATION Mr. Burns‚ president of Greetings Inc.‚ created the Wall Décor unit of Greetings three years ago to increase the company’s revenue and profits. Unfortunately‚ even though Wall Décor’s revenues have grown quickly‚ Greetings appears to be losing money on Wall Décor. Mr. Burns has hired you to provide consuìting
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GIBSON INSURANCE COMPANY Activity-Based Costing; Allocating Corporate Costs DATE OCT 22‚ 2012 CASE ANALYSIS Gibson Insurance Company sells two types of financial products: annuities and life insurance‚ all sales are done by in-house agents. The annuities are tax deferred investments that offer scheduled payout options and lump sums to their investors. The life insurance policies pay benefits to the designated beneficiaries in the event the policyholder passes away. At the end of
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