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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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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increase margins‚ need consider our we to drastically shiftingour production towards sfecialtydolts aie that earning large prnniumin priceoaer standard line. a our doll -Robert Parker‚President‚ G.G.Toys Background Robert Parker‚ president of G.G. Toys‚ was discussing last month’s operating results with Audrey Hausner‚ G.G.’s conkoller‚ and David Morehouse‚ G.G.’s manufacturing manager. The meeting was taking place in an atmosphere tinged with apprehension because margins on thelr most popular product
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G.G. Toys – Nele Rieve – E01487695 – 10/14/2014 G.G. Toys is a leading manufacturer of high-‐quality dolls located in the US. The company is popular for its “Geoffrey dolls” but‚ due to rising product costs‚ has included customized dolls and cradles in its product mix. Two plants are used for the
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Autobiography My name is Michael Smith and I was born on the 30th of August‚ 1967 in Long Beach‚ California. My parents were Eddie Smith and Joan Smith. Both of my parents are deceased. My mom died at the age of 57 in 1994 from lung cancer which was the result of smoking her whole lifetime. My father died at the age of 69 in 2006 from a massive heart attack‚ which was also the likely result from a lifetime of smoking. Fortunately I have been smart enough to avoid that bad habit. My early childhood
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Solution to Case Problem Specialty Toys 10/24/2012 I. Introduction: The Specialty Toys Company faces a challenge of deciding how many units of a new toy should be purchased to meet anticipated sales demand. If too few are purchased‚ sales will be lost; if too many are purchased‚ profits will be reduced because of low prices realized in clearance sales. Here‚ I will help to analyze an appropriate order quantity for the company. II. Data Analysis: 1. 20‚0 00 .025 10‚0 00 30
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Toy World‚ Inc. Case Analysis Seth Roberts Financial Policy Executive Summary Toy World‚ Inc. is a company that has been manufacturing toys for children since 1973. Since 1976‚ the company has enjoyed profitable operations. At the end of 1993‚ revenue and profit came close to $8 million and $270 thousand respectively. With Jack McClintock as president and Dan Hoffman as production manager‚ the two have tried to find a strategy to adjust operations to the volatility
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achieve this .Those from a background in which internships are commonplace are more likely to know of their existence and have the social networks to know the qualities that the firms are looking for (the Panel on Fair Access to the Professions‚ 2009) Solution: the Reach for Excellence (RfE) Programme at the University of Leeds (the Sutton Trust‚ 2010). The RfE programme is a university outreach scheme that provides support for local able 16 year olds from disadvantaged backgrounds‚ with the objective
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