Discuss why costs might be purposely misclassified

Assignment Help Accounting Basics
Reference no: EM131989583

Problem

Do you think there could be ethical concerns as it relates to cost allocation in a manufacturing company with various departments? Discuss why costs might be purposely misclassified to a particular department and the results of such an error (for example, what effect would this have from year to year?) no more details are given. it doesn't matter what type of company. just one with various departments.

Reference no: EM131989583

Questions Cloud

What does miguel need to? do : The price of the stock falls to $30.41 per share. What does Miguel need to? do?
Prepare the journal entries to record cost of the warehouse : Prepare the journal entries to record the Cost of the warehouse for 2016 and Cost of the warehouse for 2017.
Decrease in the value of the company : What is the decrease in the value of the company due to expected bankruptcy costs?
What is the value of the company : The company also has a perpetual bond issue outstanding with a market value of $1.93 million.
Discuss why costs might be purposely misclassified : Discuss why costs might be purposely misclassified to a particular department and the results of such an error no more details are given.
Identify stakeholders in case and stakeholder relationships : Analyze this case utilizing the stakeholder analysis by providing the following: Identify the stakeholders in this case and the stakeholder relationships.
What should be the fair value-price of the bond : If the market price for this bond is 8,990 and you decided to pay that price to own the bond and hold it till maturity, what is the rate of return you should
Prepare flexible budget for next quarter for volume levels : Prepare the flexible budget for the next quarter for volume levels of 11,000, 13,000, and 16,000 units.
Equal end-of-month payments : He agrees to pay off the loan in 36 equal end-of-month payments. The first payment will be made at the end of this month.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Trout company is considering introducing a new line of

trout company is considering introducing a new line of pagers targeting the preteen population. trout believes that if

  What is the amount of organization expenses

A newly formed corporation elected to use a calendar. What is the amount of organization expenses that it should deduct on its tax return for the tax year 2014?

  Analysis showing the net profit

Provide analysis showing the net profit from (i) the covered call and (ii) the protective put on the expiration date assuming the stock price has fallen 20%. Which strategy is more effective at retaining the value of your position?

  Problem regarding the productivity of a firm employees

What are the two ways that the productivity of a firm's employees may increase when a firm moves from straight time pay to commission or piece-rate pay?

  Compute the new machines net preset value

Compute the new machine's net preset value. Use the incremental cost approach and round all dollar amounts to the nearest whole dollar

  Discuss a new weighted-average cost per unit

When using the weighted-average inventory costing method in a perpetual inventory system, a new weighted-average cost per unit

  Calculate the Jacksons tax liability

In 2016, Tom and Amanda Jackson (married filing jointly) have $200,000 of taxable income before considering the following events: (Use the tax rate schedules.)

  Allocate unamortized discount or premiums

On January 1, 2006, Jamona Corp. purchased 12% bonds, having a maturity value of $300,000, for $322,744.44 with 10% yield for bondholders which are dated January 1, 2006 and will mature January 1, 2011, the interest will be received December 31 ea..

  How was the takeover conducted

Conduct research to locate one business that has recently been taken over. How was the takeover conducted? How does this affect the economy?

  Journalize the following transactions

Committing a fraud because the employee feels that it will be easy to do is indicative of which part of the fraud triangle?

  Cowboy company wishes to sell a machine with a book value

cowboy company wishes to sell a machine with a book value of 40000. the income tax rate is 30.the machine is sold for

  Determine consolidated totals for each of account balances

Anchovy acquired 90 percent of Yelton on January 1, 2011. Of Yelton's total acquisition-date fair value, $60,000 was allocated to undervalued equipment (with a 10-year life) and $80,000 was attributed to franchises (to be written off over a 20-yea..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd