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Assignment: COST ACCOUNTING
Read the paper, "Reducing conflict in balanced scorecard evaluations" by Bernard Wong-On-Wing, Lan Guo, Wei Li and Dan Yang. You don't need to read the methods and results. Stick to the introduction, theoretical background, and discussion. The balanced scorecard (BSC) has been implemented in many companies, but often with mixed results (not unlike Activity Based Costing (ABC)). Part of the reason is the difference in perceptions between raters and ratees. What are the alleged benefits of BCS? What are potential reasons that the BCS may not deliver on those benefits? When might the BCS be more or less useful (for what types of organizations/jobs/employees)? Do you have any experience with BCS performance appraisal (as a rater or ratee), how does this paper relate to that experience?
Social Security taxes: 4% on the first $55,000 earned per employee and the company incurred a salary expense of $50,000 during February. how do I calculate the social security taxes for the journal entry.
Lambert Center began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Calculate average cost for each unit.
Give 2 examples of activities for each cost hierarchy category in Activity Based Costing and a cost driver for each activity. How might backflush costing improve efficiency.
After some research, Jon also identifies another comparable site, which rents for $75,000 per year.
Calculate the contribution margin for each pet house and calculate the monthly break-even units for each pet house. Ignore the sales commission for this computation.
The following information is available for Zetrov Company:
Reither Co. has January 1, 2004, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2004. Prepare a statement of stockholders' equity.
What does the price elasticity of demand measure? What is inelastic demand? What is elastic demand? According to the economists' approach to setting prices, the profit-maximizing price should depend on what two factors?
Finch supplies remaining components and assemble the final product at a cost $340. Finch's marketing, packaging, and shipping expenses total $40 per unit. Each unit is sold for $2,800.
1. find what was youngs total share of net loss for the first year?a. 3900 loss.b. 11700 loss.c. 10400 loss.d. 24700
Compute the values and provide a brief interpretation of each working capital and current ratio.
What price would you try to negotiate for the last 20 units? One line answers will be efficient
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