Since the ABC method is more apt to associate the correct costs to the processes that utilize them then it allows for more accurate billing to the clients. For example, an x-ray process can be broken down into four primary cost drivers, administrati Continue Reading...
Finally, examples of competitive drivers are that the global inter-firm competition increases and organizations are forced to "play" international, strong interdependences among countries, and high two-way trades (M. Bauernfeind, 2005). Some of the Continue Reading...
The ABC system uses a much larger number and variety of cost drivers than the one or two volume-based cost drivers typical for a traditional cost system. As a result, the ABC method has increased accuracy. In contracts, it is explained that a tradi Continue Reading...
Globalization What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? Globalization is the continual integration of economic, political and sociocultural systems to enable Continue Reading...
Globalization Our world is interconnected through various forces. There are many benefits to this connectivity, including being able to trade and speak with people around the globe in just minutes. This not only enriches our society socially, but ca Continue Reading...
Management Accounting Company Overview Classic Pen Company is an organization specializing in the production of pens, the Classic Pen has been enjoying the low costs for the production of BLACK pens and BLUE pen, and the company has enjoyed the pr Continue Reading...
Greater emphasis must be placed on studies to highlight the factors which affect the diffusion of these managerial accounting techniques which can increase an organizations productivity, efficiency and competitiveness. (Tan, 2002, p. 226) Innovative Continue Reading...
Economic Impacts of the American Prison System Over the last couple of years, the number of people incarcerated in U.S. prisons has been on a steady increase. Can the country afford to continue paying for its massive prison system? This text concern Continue Reading...
The applicability of Activity-Based Costing for decision making is directly linked to the influences that ABC has over process control. In this order of ideas, by better identifying the incurred costs or the overhead, managers can better monitor an Continue Reading...
E-Groceries Feasibility Study of E-Groceries Recent technological developments have seen different plans of action being actualized as it relates to e-Groceries retailing. However, challenges have limited the full realization of this aspect with t Continue Reading...
Supply Chain Management Founded in 1903, Ford Motor Company now manufactures or distributes automobiles across six continents. Ford employs about 164,000 people in about 70 plants worldwide. The company's automotive brands include Ford and Lincoln. Continue Reading...
Financial Accounting Accounting Concepts Financial Statements (Regulatory oversight) The rapid failure and bankruptcy of Enron has prompted severe criticism of the nation's financial reporting and auditing systems, which are fundamental to maintai Continue Reading...
Managerial Term Managerial Accounting FINAL EXAMINATION Please complete the following by typing your answer letter next to "ANS" (example "ANS: c) and return to your Instructor via Blackboard by midnight, August 1, 2012: A (n) ____ is a review to Continue Reading...
Farm Financial Standards Council Model Case Do you think that this case study with its proposed solutions will be useful to agricultural enterprises seeking to employ management accounting techniques? Why? Be specific in identifying benefits and pos Continue Reading...
Managerial Accounting This scenario shows the importance of variable cost drivers in calculating a breakeven point and conducting effective CVP analysis. In this situation, the company is losing money no matter which scenario with respect to fixed c Continue Reading...
Based on that comparison, we outperformed our budget because of the increased nursing efficiency we experienced. However, our main output is the number of patients served. If we evaluate the supplies cost in terms of the number of patients served, t Continue Reading...
FDX Value Creation Frontier The value creation frontier "represents the maximum amount of value that the products of different companies inside an industry can give customers at any one time by using different business models" (Hill & Jones, 20 Continue Reading...
Business of Health Care This study highlights essential facts about health care and health in the local, national, and international health care delivery. Healthcare in the U.S. stands at crossroads between opportunities and challenges. Both the loc Continue Reading...
High quality products lead to high prices for these products, which is not always convenient for all customers. Therefore, the quality level must be established in accordance with customers' requirements and purchasing power. One of the most import Continue Reading...
In many countries, FedEx Express charges a fuel surcharge. In foreign countries, an increase in the value of the U.S. dollar is inherently built into the price of jet fuel, or even into the price of gasoline. As such, a fuel surcharge helps to offse Continue Reading...
This will help mananagement to understand how sensitive the organization is to changes in the sales mix. Such information is helpful when determining future strategy and spending decisions. The sensitivity analysis can also help is determining the Continue Reading...
Healthcare Costs Discuss the Challenges of Reference Pricing-describe it, is it currently feasible, what are the pitfalls if it was part of your job assignment to build and manage such a program to control cost. What are the advantages and pitfalls Continue Reading...
Petcharat & Mula (2010) discuss a conceptual model that is designed to assist the identification of environmental and social impact costs, and to improve the measurement of these costs. A key value of the Sustainability Management Accounting Sys Continue Reading...
Accounting Kaplan and Anderson (2005) notes that activity-based costing (ABC) systems are not as effective in practice as they are on paper. Among the grievances that Kaplan notes with respect to ABC, the system is not very scalable, losing power as Continue Reading...
Mihut, M., and N. Tomai. 2010. A Cost Model for the IT Department. Journal of Applied Quantitative Methods, Vol. 5, Issue 2, pp. 358-364. The belief that a busy IT department is profitable or at least cost effective is not true. The intent of this p Continue Reading...
Managerial Accounting Why do you think the division was profitable immediately under the new ownership? An organization uses cost allocation methods to determine the cost of one unit of its product. Cost allocation refers to the process of linking Continue Reading...
Portable Nuclear Power Is a Portable Nuclear Power Device Feasible? As the global population grows, we find ourselves facing growing energy consumption needs. In industrialized nations, this translates into rising energy costs to power our homes an Continue Reading...
Traditional? Order The Farmer's Farms and Their Outlook on the Accounting of their Business I feel that there is a very well explained and helpful plan with resolutions that can help John and Mary Farmer with their accounting skills, business, sal Continue Reading...
Part of the problem is governmental intransigence. For the past eight years in particular, energy policy has been driven by the oil companies (Environmental News Service, 2008), resulting in clean energy having been sidelined. Another reason is that Continue Reading...
Budget plan is a quantitative expression of planned income and expenses for a given financial year. A budget contains an estimated projected expenses and revenue for a financial year. A budget also reveals the estimated costs, expenses, liabilities a Continue Reading...
A recognized universal educational tool such as Blackboard should have a sophisticated search characteristic in order to increase navigation and productivity about the location. The third barrier concerning the Blackboard is that it does not give a Continue Reading...
Budgeting This budget is a static budget. The variable components are based on the number of students, and in this budget the amount of students is assumed to be fixed throughout the year. The budget does include three different student levels, but Continue Reading...
Allocations What drives consumption of costs? In Activity-Based Costing (ABC), consumption of costs is driven by a company's activities (Investopedia, LLC, n.d.), such as production, administration and sales (Cokins, 2010, p. 9). The company's pro Continue Reading...
SWOT analysis is Merrythought's four core business areas including human resource, finance, operations, and marketing, by looking at the strengths, weaknesses, opportunities, and threats. These are indicated in the table below. Marketing Operations Continue Reading...
It has been found that in general, the elasticity of demand for health care is -0.17, meaning that for a $1 increase in the cost of health care there is a decline in demand of $0.17 (Ringel et al., 2005). Health care is a unique product. It would be Continue Reading...
Prevention curricula. Sometimes the content of these or similar curricula are delivered in other venues, e.g., youth clubs. (Strategies..., N.d., p. 5) Strategy Priority Level of Effectiveness School policies regarding alcohol use on school pro Continue Reading...
, 2006). The authors used "meta-analytic" techniques in this research; twenty-three studies were fed into the meta-analysis strategies and the outcome indicates that there are "clear costs" associated with driving and speaking on a cell phone simulta Continue Reading...
International Trade The world appears to be shrinking as the global landscape continues to be developed by technology and new ways of communication. It is inevitable that this new intimacy will have, and has had, a significant impact on the economie Continue Reading...
Lean Production is an innovative production technique of Japanese origin that aims at bring efficiency in production. The system comprises of various different techniques, all focusing on ensuring best quality and maximum levels outputs in minimum in Continue Reading...
Comparative advantage states that mutually beneficial exchange is possible whenever relative production costs differ prior to trade. Nations gain by producing goods at relatively low costs and exchanging their outputs for different goods produced by Continue Reading...
