Buckeye National Bank 1. Under the traditional (old) cost system: a. Compute the single indirect cost allocation rate that the bank would use to allocate the total indirect costs presented in Exhibit B. (Total indirect costs/total value of checks processed‚ in thousands) $2‚850 / $95‚000 = $0.03 b. Use your answer to part A to determine the total annual indirect cost assigned to: i. The retail customer line (Value of checks processed X cost per dollar processed‚ in thousands)‚ and $9‚500 * $0.03
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given much thought to pricing policy and one of his concerns was that of dealing with the recovery of overhead within a full cost pricing policy. The discussion centred around the traditional method currently in use‚ compared and contrasted with ABC‚ Activity Based Costing a technique which re-examines the problem that has faced accountants for decades – that of allocation and absorption of overhead. Traditional pricing method has been based upon absorption costing and the treatment of overhead
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Activity-based costing (ABC) differs from other costing approaches in that it more accurately measures the cost of activities: A. Not proportional to the volume of outputs produced. B. Directly proportional to the volume of outputs produced. C. Inversely proportional to the volume of outputs produced. D. That are non-value adding. E. At a significantly lower cost in time and money. 6. In performing activity analysis during the design of an activity-based costing system (ABC)‚ the management
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LAB 2 Exercise 2.A. Gamete Formation 1. What are the gamete combinations that can be produced by the following individuals? a. AABB- AB b. AaBB- AB and aB c. AAABBcc- ABc d. AAbbCc- AbC and Abc e. AaBbCc- ABC‚ ABc‚ AbC‚ Abc‚ aBC‚ aBc‚ abC and abc 2. What are the possible genotypes of the offspring from mating of the following individuals? (the x refers to the mating. In the first‚ you would place EE along the top and ee on the side or vice versa). a. EE x ee E E e Ee Ee e Ee
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HEC006 Volume 4 Issue 1 March 2006 An ERP Story: Background (A) Case prepared by Professors Carmen BERNIER and Vital ROY‚ as well as Éric BRUNELLE Business Context In 1950‚ when the general insurance company Aux Bons Soins (ABS) was in its early days‚ it offered a full range of general insurance products for individuals residing in the province of Quebec. Over the years‚ Canada has seen a consolidation of its general insurance industry. Three years ago‚ ABS acquired the insurance company
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non-partisan towards his brother. The main ethical issue here is confidentiality and as an employee‚ Luke should embrace it as long as he works for ABC Company. This is an issue when Luke considers whether to disclose his company’s project information or not. If he decides to do so‚ he will violate his contract on the professional ethics of ABC Company. Luke will not be in this dilemma if Owen is not close to him. Luke is facing an ethical dilemma where his personal value conflicts with his
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efficiently a firm uses its assets. Year ABC DEF GHI Industry Average 2012 31‚ 053/988 = 31.43 16‚842/1‚282.5 = 13.13 5‚160/618 = 8.35 17.64 2013 32‚722/1‚042 = 31.4 18‚657/937 = 19.91 5‚858/494 = 11.86 21.06 In this table you see the accounts receivable turnovers from the 3 companies in year 2012 and 2013. For Company ABC‚ accounts receivable turnover in 2012 is 31.43 and 31.4 in 2013 with only a 0.03 change. As compared to companies DEF and GHI‚ company ABC has a much higher accounts receivable
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there is an issue on the existing costing report that the manager could not be able to see the real situation. In light of this‚ there will be brought to the discussion on the feasibility of using an alternative costing method – Activity based costing (ABC) in the latter paragraphs. The issue of misallocation cost With the use of Traditional Absorption Costing (TAC) which means Wilkerson Company is now only put the costing of direct labor and material in place. As we can see the table 1 below‚ the
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Description of problem to be solved TASK 1 Scenario: ABC Care Home is situated in London and caters to care needs of vulnerable people. The service users come from diverse ethnic and religious background and have varied physical and medical needs. (You may choose the category of service users you work with). Assuming you are a care worker working in this Care Home providing care services to the service users: 1.1 Explain how principles of support are applied to ensure that service users
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other factory products. Upton Sinclair’s The Jungle exposed filthy conditions in meat packing plants. The public was outraged and the government responded. In 1992 ABC-News did a similar story‚ this time in a supermarket. Visit PBS "Food Lyin." What did the ABC-News story find was happening in Food Lion stores? The ABC-News story found that conditions behind the scenes at Food Lion stores were appalling and the workers had even been found washing rotten meat with bleach to rid it of the
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