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1.What are the refinements that have been made to enhance the efficiency and effectiveness of ABC in managing costs? Why do you think ABC costing is more or less efficient than job order costing? Please provide an example. 2.A job order cost system is a system that accumulates costs for each job. Consider the aspects of job order costing and respond to the following: Discuss the types of industries that are most likely to use a job order cost system. Give examples. What are the reasons for the use of job order cost system method in certain types of industries?
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Ace Manufacturing earns revenues of $2,100,000 annually on 150,000 unit sales of industrial part. The part is priced at $14 each. A potential customer, in industry that the company has not previously served
Assume that for the second quarter in row, profits are down at Waterfall division. Division Management budgeted $250,000 in profits for the second quarter but actual results were only $197,000 in profits.
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
Browning, which employs a process-costing system, adds all material at the beginning of production and incurs conversion cost evenly during manufacturing. The information which follows relates to the period just ended:
The Dallas plant of Oscar Chemical processes talphazine into zetazine and gammazine. A batch comprises of 20,000 gallons of talphazine, costing $11,000.
Bell Company, a manufacturer of audio systems, started its production in October 2014. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store int..
Prepare journal entries to record the events and transactions that took place during the year - the college directed an additional $75,000 of donor contributions to the loan fund.
the raymond co. is concerned that new gaming legislation will be passed whereby spending limits will be placed on
Suppose only the specified paramenters change in cost-volume-profit analysis. If the contribution margin increases by $2 per unit then operating profits will ____.
Ferguson Inc., has annual sales of $36,500,000 or $100,000 a day on a 365-day basis. On average, the company has $8,000,000 in inventory and $12,000,000 in accounts receivable.
1. the globalization of business activity has resulted in which of the following?a.nbsp increased corruption and
Company decides instead to use a traditional costing system in which ALL costs are allocated to customers on the basis of cleaninghours. Compute the margin for the Anderson family and calculated by multiplying the decline in jobs times the activity..
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