B313F Management and Cost Accounting Assignment 1 Date due: 29 October 2008 Weighting: 15% of the total marks of the course Question 1 (25 marks) Mini Case – Seto’s Storage Warehouse Paul Seto owns and manages a commercial storage warehouse. He stores a vast variety of perishable goods for his customers. Under the existing pricing policy‚ he has charged customers using a flat rate of $2.40 per kilogram per month for goods stored. His storage warehouse has 10‚000 cubic metres of
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FOREST HILL PAPER COMPANY BACKGROUND INFORMATION 1. How would you classify Forest Hill Paper Company in terms of size and ownership? Forest Hill Paper Company is a small‚ closely-held company. Relatively few shareholders own the majority shares of the company. It is most likely a private company. 2. What is the nature of the industry in which Forest Hill competes? Forest Hill is a small company‚ but has to compete against large companies in a commodity market. Paper and paperboard producers
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A) Write an essay (700-900 words) in which you analyse and interpret Richard Knight’s short story “Sorry for Disturbing You”. To put your interpretation into perspective‚ your essay must include a discussion of at least two of the other items listed below. One of these must be a text. Being alone is something that some people voluntarilychose to be‚ while loneliness is an involuntary eternal state that hurts its offer. When feeling lonely‚ you feel that you do not really belong anywhere‚ and
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Cumberland Metal Industries: Engineered Products Division‚ 1980 October 21‚ 2013 CA by Yiwen Zhang Cumberland Metal Industries (CMI) is one of the largest metal manufacturers in the world. The company evolved from selling metal as a finished product to one that used it as a raw material‚ increasing sales from $250‚000 in 1963 to over $18‚500‚000 in 1979. Currently‚ CMI relies heavily on SlipSeal‚ which is used as a high-temperature sealant in automobiles. Although CMI dominates
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Activity-based Costing (ABC) An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. There are four levels of a cost hierarchy: 1- Output unit-level costs: costs of activities performed on each individual unit of a product or service. 2- Batch-level costs: costs of activities related to a group of
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eight-sentence paragraph. ( Designated drivers have probably saved nearly 50‚000 lives and spared many more thousands of people from suffering injury from drunk driving. Nine out of 10 Americans who attend social events where alcohol is served would like to see designated drivers used and the proportion of people using or being a designated driver has increased dramatically over time. Two each year over 73‚000‚000 Americans either serve as a designated driver or are driven home by one. People that
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no easy way to do this‚ without hurting your ability to keep drivers in your trucks‚” he says. “Is it that the costs for driver selection and recruitment have gone up?” “No‚ the costs have been the same‚” responds the recruiter. “It’s just that we have had to do so many orientation and hiring sessions since the first of the year.” “David‚ it might be best if I get a look at some of your hiring statistics‚ as well as your driver census
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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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GIBSON INSURANCE COMPANY Activity-Based Costing; Allocating Corporate Costs DATE OCT 22‚ 2012 CASE ANALYSIS Gibson Insurance Company sells two types of financial products: annuities and life insurance‚ all sales are done by in-house agents. The annuities are tax deferred investments that offer scheduled payout options and lump sums to their investors. The life insurance policies pay benefits to the designated beneficiaries in the event the policyholder passes away. At the end of
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Part 3 Case Analysis Report – DBS Consulting Services Executive Summary This report provides an analysis of Activity Based Costing systems and Conventional Costing systems to determine whether the application of Activity Based Costing concepts would be useful at DBS Consulting Services. A profitability analysis of the two consulting services offered by DBS Consulting Services (e-Commerce Consulting and Information Systems Consulting) was performed using Activity Based Costing and Conventional
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