Reference no: EM131389388
Job Costing
You seemed to develop significant interest with your talk on the future of cost accounting. Your boss has heard about the excellent presentation and you are hopeful that your early retirement will take place.
A call for help has come in and with new hope you rise to answer the bell. Harmony Organs has found that their profits have shrunk. They manufacture and install pipe organs world-wide. They have many parts that are custom made for each instrument. In addition, a major part of the expenses are for packing, shipping and installation.
Norma Faye Raye, the daughter of the CFO, Linda Kaye Raye was in your presentation and came downstairs after the online club meeting excited about activity-based costing (ABC). Linda Kaye thinks that this could be a key change to get costs under control.
You are requested to elaborate on the value that job costing would bring to the company. The top managers have always wanted to see the profitability of each contract for the jobs they take. Discuss the advantages and benefits of job costing. Explain how job costing works. Include how job costing handles direct and indirect costs?
In addition to the above, introduce the company to activity-based costing. Explain how activity-based costing is different from job costing. Give examples of each costing approach and how they can be applied to different industries. Use the online library to locate at least one resource that will support your answer.
Write your initial response in 3-4 paragraphs. Apply APA standards to citation of sources.
How many shares of common stock are outstanding
: How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? What is the par value of the preferred stock?
|
Market purchase by fed will affect the money supply
: Describe how and open market purchase by the Fed will affect the money supply of $7 million will affect the money supply. Assuming a required reserve rate of 5%, what is the maximum amount by which the money supply can change due to open market opera..
|
Can grant and arthur compel david to account for the profits
: After David had accumulated a large sum of money, Grant and Arthur demanded their share, but David refused to make any split. Can Grant and Arthur compel David to account for the profits of the partnership? Why?
|
What is the duration of the funds 20-year payout obligation
: After three months, you reexamine the pension funds investment strategy. Interest rates have increased. You still want to minimize exposure to interest rate risk. Will you invest more in 20-year strips and less in 5-year strips? Explain briefly.
|
How job costing handles direct and indirect costs
: Discuss the advantages and benefits of job costing. Explain how job costing works. Include how job costing handles direct and indirect costs?
|
How human resources functions in healthcare organizations
: Discuss how human resources functions in healthcare organizations benefit healthcare organizations and the individuals they employ.Analyze the role human resource management plays in employee advancement and training in healthcare organizations.Exa..
|
Marketing research assessment paper
: In a well-written paper, discuss your experience using SurveyMonkey. What claims does the company make for its service? How much would it cost if you wished to use it for longer surveys and more respondents? Do you know of comparable services? Dis..
|
To what is smith entitled with respect to partnership profit
: To what is Smith entitled with respect to partnership profits, inspection of partnership books, an account of partnership transactions, and participation in the partnership management?
|
What is the net present value of this project
: Renew Inc. is considering a three-year project to manufacture guardrails from recycled plastic. The project requires a $150,000 machine (amortized over three years on a straightline basis), What is the net present value (NPV) of this project
|