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Suppose you're a field marketing professional, responsible for marketing your company's products in South Florida region of medium-size corporation. One day you receive the CD from your corporate marketing group (based in Detroit, Michigan) which comprises a set of electronic files containing print advertisements ready for you to employ in magazines which you pick in South Florida. You have a certain budget to use for advertising in your region, and you are empowered to select the magazines in which you will advertise, and send them the graphic files your corporate marketing group sent to you. You find that your corporate marketing group chose the format for the ads (the selection of people, clothing, surrounding décor, etc.) based on market research in the Detroit region. Discuss whether or not you will be confident these ads will be successful in your South Florida region, and why or why not.
Jackson Construction Company uses a job order costing system. In May 2008, Jackson made a $1,650,000 bid to build a pedestrian overpass over the beach highway in Gulfport, Mississippi.
Discuss the ethical issues
Recognize a product or service in your organization which could use ABC. You can as well use this technique for selling and administrative costs.
In 2010, the Bayside Chemical Company prepared the following analysis of an investment proposal for a new manufacturing facility: . Do you have any suggestions that might increase the project’s net present value? (No calculations are required.)
Babbel Company is a manufacturing firm that uses the job-order costing. The company's inventory balances were as follows the the beginning of the year
Job costing, process costing. In each of the following situations, determine whether job costing or process costing would be more appropriate.
Illustrate out the benefits of activity-based costing. Write down the limitations of activity-based costing.
Camping for Fun, Inc., produces a variety of camping products on a year-round basis. The best-selling item is a compact portable camping stove made from sheets of rust-free aluminum.
Give five disadvantages to using an activity-based costing system: Based on these answers, why would a company who only makes a few products not want to use such a system?
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Prepare a schedule of cost of goods manufactured for the month. Prepare a schedule of cost of goods sold for the month.
When using a normal costing system, manufacturing overhead is applied using the ______________ manufacturing overhead rate and the _______________ quantity of allocation base.
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