15.514 Summer 2003 Session 17 Activity-Based Costing Objectives 1. Computation of product costs using ABC 2. Understand the role of judgment: how are cost pools and cost drivers determined? 3. Link cost data to strategic choices Game Plan & Class Pedagogy Case discussion. Reading Assignment CP: Siemens Electric Motor Works Class Preparation Questions Focus your group’s attention on the qualitative questions (1 -6). Attempt to answer questions 7 and 8 before coming to
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Álvaro Delgado Pérez Revision Without Stress I’ll never forget the first exam I ever did. I was eight years old and I really wasn´t prepare for it. When I read the questions my heart rate increased as if I was going to explode. My mother always said to me to start revising at least one week before the exam but I was so lazy I usually started revising two days before it‚ of course‚ that brought with it very negative consequences at the time of the exam‚ stress was one of them. . Once I became
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and that is exactly what you do when you revise—you see your writing again from as many different angles as possible. More specifically‚ revising your writing means working with it so that it says exactly what you mean in the most effective way. Revision involves both content (what you are trying to say) and form (how you deliver your message). Revising content consists of working with your words until they express your ideas as accurately and completely as possible. Revising form consists of working
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THE INNOVATION OF TIME-DRIVEN ACTIVITY-BASED COSTING Robert S Kaplan; Steven R Anderson Cost Management; Mar/Apr 2007; 21‚ 2; ABI/INFORM Global pg. 5 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Reproduced with permission
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EXAM SKILLS Criteria 1.1– 1.2 Produce a comprehensive revision plan for at least three examinations‚ choosing topics to revise that reflect interests‚ perceived difficulty and focus of examination. REVISION PLAN |NAME OF EXAMINATION |TOPICS |REASONS FOR CHOOSING TOPIC |REVISION DATES/TIMES |Resources |EXAMINATION DATES | | | |It is the only topic I am |Tonight 23/01/2013 from|http://www.youtube.com/wat|Thu
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weren’t improvement efforts more effective? b. Early indication would have started when Megaproducts Incorporated missed an important scheduled launch date because of a miscommunication and a faulty ad copy that was sent to the printer before revisions were added. This is something that cannot happen‚ especially with so much on the line. It states that if only the DAA protocols had been followed and the quality checks had been performed then this could have been avoided. There seems to be
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Chapter 3 - Activity-Based Costing -Rather than use a plantwide overhead rate (POHR)‚ many companies use departmental overhead rates with a different predetermined overhead rate in each production department. The nature of the work performed in a department will determine the department’s allocation base -Ex. Overhead costs in a machining department may be allocated on the basis of machine-hours. In contrast‚ the overhead costs in an assembly department may be allocated on the basis of direct
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Journal of Accounting Research Vol. 40 No. 3 June 2002 Printed in U.S.A. The Association Between Activity-Based Costing and Manufacturing Performance C H R I S T O P H E R D . I T T N E R ‚∗ W I L L I A M N . L A N E N ‚† A N D D A V I D F . L A R C K E R∗ Received 20 May 1999; accepted 23 October 2001 ABSTRACT This study examines the association between activity-based costing and manufacturing performance. Results using a cross-sectional sample of manufacturing plants indicates that extensive
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case 2 C. Greetings Inc. : Activity-Based Costing Developed by Thomas L. Zeller Loyola University Chicago‚ and Paul D. Kimmel‚ Univ ers ity of Wis consin-Milw aukee THE BUSINESS SITUATION Mr. Burns‚ president of Greetings Inc.‚ created the Wall Décor unit of Greetings three years ago to increase the company’s revenue and profits. Unfortunately‚ even though Wall Décor’s revenues have grown quickly‚ Greetings appears to be losing money on Wall Décor. Mr. Burns has hired you to provide consuìting
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‘Switched On’. Try to be aware of your bio clock and what time of the day you work best. Optimise by revising when you work best but keep an eye on the exam date and time. You will need to get used to working at that hour. Do The Challenging Revision First — when you are fresh. Trying to focus on difficult problems when you are tired can be difficult. Look after your physical health. Take regular
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