Cost Accounting Essay Examples

Southwest Airlines is part of an oligopoly. An oligopoly is defined as an instance where there are only a small number of producers in a market; due to the small numbers, if one company changes their prices of their goods or services, the others will do the same in order to keep it competitive. Running […]

It is now 1991, DHL has established its role as the industrial leader in internaitonal express courier. However, the environment is changing rapidly. The air express giant is now facing fierce competitions like never before. With main competitors like FedEx, TNT, and UPS trying to acquire capacities and undercut DHL’s price, price has dropped 5% […]

In this report, I will discuss the performance of NASA Division for the past 9 months during the fiscal year with special attention to the meaning and accuracy of the volume variance. Then I will identify the issues of the best sales and production strategy for EROW Division, NASA Division and the Rubber Group as […]

A company’s product costs are the direct materials, and manufacturing overhead that are involved in acquiring or making products. Products costs are assigned to an inventory account on the balance sheet and considered to be assets. When the goods are sold, the costs are released from inventory and are recognized as expenses in the income […]

The Southern Company, after the announcement of the Clean Air Act of 1990 amendments, faces increasing pressure to reexamine their operations at the Bowen coal-fired plant in Georgia. Amongst the three viable options given, the option of continuing burning high-sulfur coal, while accounting for the difference between sulfur-dioxide allowed by the Clean Air Act and […]

Two basic assumptions that economists make about Individual and firms are that all individuals act in a way to make themselves as well- off as possible. For example, individuals make the best use of their utlllty and skill, so they can earn more money. The second assumption Is that firms always try to maxlmlze the […]

Therefore, if these costs are to be assigned to products or jobs, they must be allocated rather than traced. Job-order costing is used in situations where many different products or services are produced each period. Process costing is used in situations where a single, homogeneous product, such as cement, bricks, or gasoline, is produced for […]

What is your evaluation of the Total Supply Chain Cost (TSCC) program developed by Owens & Minor and Virginia Mason? Virginia Mason Medical Center (VM) hired Owens & Minor (O&M) as its alpha vendor for medical/surgical supplies in 2004. At that time O&M was performing JIT and low unit measure services for VM. Together VM […]

Ricoh Machine Sdn Bhd (RMSB) has a distinctive role in manufacturing steel rings, which are widely used in grinding machines throughout ASEAN countries. However, their market experienced instability when GrinderPte Ltd, a rival company from Singapore, launched plastic rings as an alternative to steel ones in January 2013. RMSB’s managing director, Mr. Sayed has scheduled […]

Managerial accounting plays a vital role in decision-making processes within businesses as the way information is displayed can greatly influence outcomes. Particularly in manufacturing settings, firms have the option to utilize either absorption costing or variable costing as their method of tracking production costs. Although these techniques share similarities, they also possess distinct differences which […]

Minnetonka has reached out to a subcontractor for the purpose of discussing the purchase of bindings. The subcontractor has proposed two options: either buying each binding at a price of $5.25, or purchasing a pair for $10.50. If the Minnetonka Corporation accepts the purchase proposal, it is expected that the direct labor and variable-overhead costs […]

Abstract The purpose of this study is to examine the healthcare systems, in particular, the blood transfusion services in Lagos State Health Services. The study revealed the challenges, pitfalls and other associated problems of adopting a costing technology which significantly departs from previous practices. The research was based on a single embedded case study approach […]

Bought by a first time guitar buyer : Price – price is the major factor for the first time guitar buyers. Increase in the price can lower the demand while the decrease in the price can increase the demand. Good value – good quality for the price is also a major consideration for the buying […]

PHINMA’s presence in the Philippine cement industry began in 1956 when the company was founded by several Filipino investors, principally Mr. Ramon del Rosario Sr. and Engr. Filemon Rodriguez. It purchased ownership of Bacnotan Cement Co. from the government. In 1969, PHINMA constructed a second plant, the Davao Union Cement Co., under a turnkey agreement […]

Background Case The main line from the colorscopeinc background are the corporate was found in march 1976, the first target customers is local customers (small agencies), and after that colorscope growth significantly that thing can be proved in 1988 sales colorscope over than USD 5 Milion and they served Big Customer, since growth they invest […]

At the brink of its business endeavors, The Heavy Industries of Malaysia Berhad (HICOM) was clearly in a downward spiral. According to Tan Sri Nasruddin, Chairman of the Board for HICOM, the company’s lackluster performance in 1987 was greatly affected by the depressed economic condition. The slowdown in the construction industry led to a decline […]

Background and Issues Detroit Plant, serves as the first plant of HEED division within Written Group, which almost all division products could trace their roots from, cannot achieve an acceptable level of profitability for years even we raise the prices or cut wages. The morale of Detroit is poor and it has been plagued by […]

Activity-based costing (“BBC”) is considered one of the best and most popular tools for allocating costs by identifying individual activities as cost objects. Originally, activity-based costing was mainly used in manufacturing industries but, due to its preciseness, this system has recently grown popular in the service industries as well, including banking. Activity-based costing provides bank […]

The purpose of the report is to discuss three main topics. First, it will explore the necessity of implementing a new management accounting system in order to improve department and store profitability by assessing return on sales and return on investment. Second, it will evaluate the possibility of hiring experienced managers to ensure optimal staffing […]

I certify that I have neither given nor received assistance on this exam, in accordance with the University of Cincinnati Student Code of Conduct. Signature: Instructions: Circle your answers for the multiple choice questions on the exam. Fill out the cantors sheet carefully, using a #2 pencil. Your name (last, then first) and M number […]

In Robert Greenwald’s documentary film, Wal-Mart: The High Cost of Low Prices, A strong and apparent negative connotation is established by his presentation of facts and his emotional appeal. Throughout his documentary, Greenwald uses first hand accounts from people negatively effected by Wal-Mart to appeal to his audience’s emotions. Through this he effectively tries to […]

Harrington Collection.  Outlook for overall women’s apparel industry Since the downturn that began in the early 2000s significantly impacted the women’s apparel industry, the increasing rate on overall sales had presented a slight decrease from 2004. Although it came up from 3. 5% to 5. 7% in 2004, it began to come down from that […]