ACTG 512 GG Toys Setup Templates Estimation of Cost Driver Rates Cost Pool Cost (from Exhibit 1) Allocation Base (from Exhibits 1 and 4) Cost Driver Rate (= Cost / Allocation Base) Plant Management 40‚000 27‚000 $1.48 Machine Related 112‚000 11‚200 $10.00 Setup 13‚333 160 $83.33 Receiving/Production Control 63‚000 161 $391.30 Packaging and Shipping 53‚000 350 $151.43 Product Cost Calculations – Chicago Plant (Based on March Production
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CASE #4: G.G. Toys 1. Do you recommend that G.G. Toys change its existing cost system in the Chicago plant? In the Springfield plant? Why or why not? G.G. Toys should change its existing cost accounting system from traditional costing to activity-based costing (ABC) in the Chicago plant as it is allocating its entire manufacturing overhead on the basis of just one cost driver: production run direct labor cost. Since overhead at the Chicago plant is high‚ accurate cost accounting system is required
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Jennifer Smith G.G. Toys: Case study #2 G.G. Toys was a toy manufacturer facing problems with productivity and profitability. The company found a profitable product in their Geoffrey doll and Specialty branded doll #106. Retailers could customize to the specifications and buying habits of their customer base. On average‚ the Geoffrey Doll cost $19.19 to produce‚ and the #106 doll $23.74. To access in a study of their overhead cost for both of their plants‚ research showed that: 1. A setup
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Business Case 3 Survey Masters LLC Munise Evci Cynthia Rolaff Stefan van der Pligt Nazmi Evran BE25 FBEBSC0124 Mei 2013 Hogeschool Rotterdam Short Cycle Short Cycle process Who Natalie Patel and Carlos Lopez‚ Survey Masters LLC. What Should they take on all projects next year? Why When Decide by the end of the year. ASAP Case Difficulty Long Cycle Define
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G.G. Toys 1. Do you recommend that G.G. Toys change its existing cost system in the Chicago Plant? In the Springfield plant? Why or why not? In the Chicago plant‚ G.G. Toys should change its existing cost accounting system from the legacy or traditional costing methodology to activity-based costing (ABC). In allocating overhead as a percentage of direct labor cost‚ the margins of 9% and 34% in the Geoffrey doll and the specialty branded doll #106 respectively‚ do not reflect the actual cost of
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Another aspect of career choice being impacted by gender stereotypes in toys is imagination. Imagination affects what one’s career will be‚ and toys have a direct impact on imagination. Imagination is heavily promoted by toys‚ especially wooden blocks and water tables (“Importance”). Toys can also help babies and young children develop imaginative skills through pretend play (“Impact”). Gender stereotyping causes limited imagination in kids‚ and for girls to miss out on problem solving opportunities
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Toys have always been around through the centuries of humankind‚ and I believe that yesterday’s toys taught children to use their imagination‚ taught child patience‚ and social skills. First‚ to begin with‚ let us look at yesterday’s toys‚ when children played with Lego Building Blocks‚ when they were just building blocks. Children used their imaginations to build a house‚ landscapes‚ and create buildings. Today’s Lego Building Blocks are three-dimensional and come with perceptible directions
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Critique of a toy Introduction It is extremely important to make sure that the toys your children play with follow the recommended safety standards and guidelines. Toys have been a part of almost everyone’s life‚ especially for kids. In the past‚ choosing the toys for kids was just a very easy task to do but at present‚ things are completely different. If you have seen on the televisions or read on newspapers‚ there are a lot of toys that have been recalled‚ confiscated and banned because they
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While walking in Wal-Mart today I happened to find myself in the toy section. The first thing I did was to take a look at the boys section and then the girls section. The reason I split those to up is for what I found. I looked down each. When I looked down the one section it was more dark and gloomy looking. Then I walked to the other isle and looked down that one. What I seen in that isle was a much brighter isle which was lit up with bright colors. I entered the girls section first and
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Toys R Us in the Right or Wrong? Toys R Us is clearly on track to be the number one children’s toy store for the past and the present. With an average layout of 60‚000 square feet‚ you’re bound to find what your child is looking for. The toys for the boys are in one area of the store‚ while the toys for girls are in another. The store merchandise has a lot to do with the passing along of gender stereotypes. Boy’s toys are portrayed as more active and girls as more passive Toys that may be
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