A Proposal for M. Phil Research Study ‘Costing and Pricing of Poultry products in Bangladesh – An Evaluation’ 1. Introduction: Agriculture plays an important role in economic development of Bangladesh. Poultry is one of the important subsectors of agriculture. Poultry is domesticated birds kept by humans for the purpose of producing eggs‚ meat‚ and/or feathers. Now a day‚ poultry is another growing industry in Bangladesh. Chickens‚ ducks‚ quails and turkeys‚ pigeons are included in poultry
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p. 116. Answer all four requirements of the case study. In addition to these requirements you are recommended to exhibit your ability to: 1) Critically evaluate the advantages and drawbacks of traditional costing systems. 2) Compare activity-based costing systems to traditional costing systems. 3) Analyze the circumstances and provide arguments with solid numbered reasoning to support appropriateness of any of the two systems. 4) Foresee and critically assess the implications of moving from one
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activity-based costing system. As stated in the case‚ these costs will be used for planning and control decisions rather than inventory valuation. The activity-based costing system will provide better allocation of Glaser’s overhead costs rather than a system to look at the cost drivers or the activities that their overhead costs comprise. Glaser’s general structure of an activity-based costing model should consist of cost objects‚ activities‚ consumption of resources‚ and cost. Activity-based costing changes
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Case Study: Siemens Electric Motor Works – Process Oriented Costing 1. Introduction The German manufacturing giant Siemens currently markets the largest range of electric motors in the world under its SIMOTICS brand.1This success was ensured by a transformation of Siemens Electric Motor Works (SEMW) in the early 1980s when management decided to move to a specialised customised electric motor manufacturer. This strategic reorientation transformed the manufacturing process and lead to continued
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making in business practice. By the end of the class‚ you should be able to achieve the following learning goals: (1) classify various costs in the manufacturing process; (2) understand job-order costing process; (3) grasp the cost-volume-profit relations; (4) differentiate between different costing methods; (5) perform profit planning and (6) calculate turnover‚ margin and return on investments. Course Success In order to succeed to your satisfaction in this class‚ you are expected to devote
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Prepare a cost of goods manufactured schedule (Assume all raw materials used were direct material) 1) Prepare an income statement through gross profit. 2) Prepare the current assets section of the balance sheet at June 30‚ 2014. CHAPTER 2 (Job Order Costing) P2-4A Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D‚ direct labor hours in Department E‚ and machine hours
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Chapter 2 Internet Exercise #1 As you know‚ financial accounting differs in many ways from managerial accounting. • The website of the Institute of Management Accountants (IMA) at http://www.imanet.org/ provides an overview of the Certified Management Accountant (CMA) designation. (See the Certification link on the home page.) • The website of the American Institute of Public Accountants (AICPA) at http://www.aicpa.org provides an overview of the Certified Public Accountant (CPA) designation
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The Impact of ABC and EVA on Business Profitability and Performance. Value-added activity-based costing (ABC) and economic value added (EVA) measures have much impact on business profitability and performance. With the implementation of the ABC methodology‚ companies are able to pinpoint the products that are most profitable‚ determine what contributes to financial performance‚ forecast costs‚ profits‚ and amount of resources needed‚ identify the root of poor financial performance and
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Good afternoon everyone. We would like to begin by introducing ourselves; we are team four and my name is Jenny. Today our presentation will propose an improved costing system for the printing division of Corelio. The outline of our presentation is as follows. Firstly‚ I will describe the problem that Corelio is currently facing with regards to its costing system. Joy will state the recommendation briefly and give an industry analysis. Emm will discuss the strategic management accounting
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Target Costing: Nissan v. Olympus Overview: Nissan Motor Company was the world’s 4th largest automobile manufacturer in 1990. They had 10% of the market for cars and trucks‚ with roughly 2 million passenger cars being produced each year. To increase its market share‚ Nissan implemented a plan to achieve domestic sales of 1.5 million cars by 1992. It also sought to obtain the number one rating in customer satisfaction. The company tried to develop a plan to produce a line of automobiles that
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