Activity-Based Costing: a Case Study on a Taiwanese Hot Spring Country Inn’s Cost Calculations Wen-Hsien Tsai Department of Business Administration National Central University‚ Chung-Li‚ Taiwan‚ ROC Jui-Ling Hsu Department of Business Administration National Central University‚ Chung-Li‚ Taiwan‚ ROC Department of International Trade Ta-Hwa Institute of Technology‚ Hsin-Chu‚ Taiwan‚ ROC Abstract The aim of this paper is to analyze the operational costs of a hot spring inn in the
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Many people would most likely feel conflicted if a very large pipeline was being built through their back yard. Some would even take action. In the article‚ “Native Americans Celebrate pause of North Dakota Pipeline‚ Vow to Fight on‚” the author‚ Dave Thompson‚ claims the Native Standing Rock Sioux Tribe feels the same way about their sacred land. However‚ through growing efforts the Native people of the local region of the pipeline’s construction to discontinue this pipeline they are making progress
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Activity based costing Activity based costing is an accounting method that is created to provide manager with cost information and other that potentially affect capacity. Activity based costing is used to determine product costs for management report. This method is commonly use as a complete to the company costing system. There are two activity based costing system that most organization use. The two are the official costing system that used for preparing external financial reports and activity
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Activity-based Costing (ABC) Hunter Company Emmanuel Achirem ACC 560-Managerial Accounting Dr. Lotfi Geriesh Strayer University 08/04/2012 Activity-based Costing (ABC) Hunter Company‚ 1 Introduction Over the past two decade’s adoption of Activity-Based Costing ABC has been tossed around like a hot potato by every size and type of organization. It was adopted by organizations ranging in size from huge multi-national companies like General Motors to the much smaller Alexandria
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advantages of an Activity Based Costing System: The first and most important advantage is the accuracy in the process of costing with regards to the product line‚ the end-users of the product‚ the stock-keeping units employed by the management and the channel and category which streamline the flow of the product from the producer to the end user. This system better assists in the process of understanding the concept of overheadcosts i.e. the allocation of common business resources as they are used
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Cost Allocations & Activity Based Costing (ABC) Abstract The cost allocation is a process of assigning costs to different activities. There is several methodology of cost allocation. The cost driver allocates costs into different activities and locations. Health organizations use different allocation methods according to their needs to attain organization and profitability. The purpose of allocation is to make the understanding
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QUESTION 1 Plant-wide allocation based Predetermined overhead rate =$116750/7500 DL hours =$15.57 per direct labor-hours Overhead cost Direct cost Total cost Cost per batch Cost per bottle Ale $15.57*18=$280.26 $62.60 $108 $450.86 $1.8 $0.85 Bock $15.57*12=$186.84 $88.95 $72 $347.79 $2.9 $0.91 Stout $15.57*13=$202.41 $89.55 $78 $369.96 $3.08 $0.86 Activity-based cost system Cost Allocation rate Buffalo Ale Bismark Bock Four Heads
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freight. An additional markup is added to cover the approximate cost for general and selling expenses‚ plus an allowance for profit. The markups were determined at the start of each year‚ based on actual expenses in prior years and general industry and competitive trends. Actual prices to customers were adjusted based on long-term relationships and competitive situations‚ but were generally independent of the specific level of service provided to that customer‚ except for desk top deliveries. The current
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Indianapolis: Activity-Based Costing of City Services 1- Yes‚ government should perform a cost analysis before privatization‚ especially if the government will remain as a participant in the bidding process. The cost analysis will provide the government with cost information for accurately pricing the bid. In case the government is not going to be a participant in the bidding process‚ the cost estimate will provide the government with an estimate on how much to pay for a service. For example‚
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UNIVERSITY OF THE PHILIPPINES – LOS BANOS College of Economics and Management Graduate School Management 213 Activity-Based-Costing Prepared by: Mr. Sergs F. Sancon JAVA SOURCE INC.‚ (JSI) Java Source Inc. (JSI)‚ is a processor and distributor of a variety of blends of coffee. The company buys coffee beans from around the world and roasts‚ blends‚ and packages them for resale. JSI offers a large variety of different coffees that
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