ABC System in Super Bakery Inc. (Introduction) – What strategies did the management of Super Bakery‚ Inc. use? Installation of the Activity-Based Costing System Super Bakery was formed in the 1980’s during a time when the barrier to entry into the baked goods industry was limited. They started the company using the industry’s standards and following them very strictly. The first four years of Super Bakery were not profitable and management knew they had to make changes so the company could
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Assignments from the Readings Week 2 CHAPTER 7: EXERCISE E7-2 (PAGE 349) Culotti’s Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter‚ the customers can see other employees making the pizzas and the large ovens in which the pizzas are baked. Instructions: Identify the six principles of internal control and give and example of each principle that you might observe when picking up your pizza.
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Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger $ 70 Fixed operating cost
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Question 1: 1. Activity-cost-driver rate for packing: ‚950hours)) = 157.89/ hr 2. ABC system for sugar cookie A. Estimated overhead cost per 1000 cookies Oven costs: ‚)) x 1 = $110.53 Packing costs: 157.89 x 0.5 = $78.95 ? Total overhead costs: $189.48 B. Estimated operating profit for cookies Selling price: $0.75 x 1‚000 = $750 Less Direct material costs: $0.15 x 1000 = ($150)
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"FASB Exposure Draft" Please respond to the following: From the first e-Activity‚ discuss how you would respond or comment to the Exposure Draft that you researched. Discuss whether or not you believe that Exposure Drafts add value to the accounting pronouncement development process. From the first e-Activity‚ discuss how you would respond or comment to the Exposure Draft that you researched. Discuss whether or not you believe that Exposure Drafts add value to the accounting pronouncement
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Name of student:_________________ 9 Activity-Based Costing Review Question Answers 9-4 It will require more work. Significant amounts of indirect costs are allocated using only one or two cost pools. All or most costs are identified as output unit-level costs. Products make diverse demands on resources because of differences in volume‚ process steps‚ batch size‚ or complexity. Products that a company is well suited to make and sell show small profits while products for which a company is
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A sporting goods manufacturer buys wood as a direct material for baseball bats. The Forming Department processes the baseball bats‚ and the bats are then transferred to the Finishing Department where a sealant is applied. There was no beginning work in process inventory in the Forming Department in May. The Forming Department began manufacturing 10‚000 Casey Slugger baseball bats during May. Costs for the Forming Department for the month of May were as follows: Direct materials $33‚000 Conversion
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Pepsi ACC205: Principles of Accounting Instructor Susanne Eliott August 19‚ 2013 Pepsi PepsiCo Inc. is an American multinational food and beverage corporation headquartered in Purchase‚ New York. PepsiCo is a world leader in convenient snacks‚ foods‚ and beverages‚ with revenues of $60 billion and over 285‚000 employees. PepsiCo owns some of the world’s most popular brands‚ including Pepsi-Cola‚ Mountain Dew‚ Diet Pepsi‚ Lay’s‚ Doritos‚ Tropicana‚ Gatorade‚ and Quaker. Coca-Cola
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Human Resources Management in Canada Case Incident A New HR Professional’s First Workplace Dilemma Case Study Questions: 1. Do you agree with how Laura handles this situation? If so‚ why? If not‚ what would you have done differently? 2. Is it important for this company to have such a policy in place? If so‚ how can the employment (labour) standards act in your province/ territory help in drafting a policy on appropriate computer use? I believe it is important for this company
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Name: ________________________ Class: ___________________ Date: __________ Quiz 2 1) Cost-volume-profit analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects
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