Job costing

On the 27th of January, I had the pleasure of Job Shadowing Billie-Jo Deal at the ODOT (Oregon Department of Transportation) Region Five Office in La Grande. ODOT is responsible for the construction, improvement, maintenance, and safe operation of Oregon’s transportation system. Billie’s official job title is a Region Five Traffic Safety Coordinator and is the only one working as a Coordinator in all of Eastern Oregon. On a normal day, she is typically working on writing grants, coordinating safety

told that she is too emotional and should just get on with it. She recognizes she needs to take charge but she has no idea where to even start. She questions if she is being too naive to want more for herself. Due to short staff she is doing the job of 2 people. She agreed to it knowing it would be temporary and it would give her an opportunity to stand out and be noticed by going above and beyond. Temporary turned into 8 months and instead of getting noticed for going the extra mile she was starting

food and beverage industry is anticipating significant growth, with a majority of food and beverage executives expecting increases in revenues (84% of executives) (Thornton, 2013). For the purposes of this report, the focus will be on the product costing systems in place at Voodoo Ltd, concentrating on their applicability and effectiveness. Our aim is to identify the weaknesses in Voodoo Ltd’s current operations which may impede its growth in what is a dynamic and fast paced industry. Currently Voodoo

internal parties   Instructor Explanation: Managerial accounting focuses on the needs of internal users (managers) and on data relevant for decision making.   Points Received: 7 of 7   Comments: Question 2. Question : (TCO 6) In an activity-based costing system, cost reduction is accomplished by identifying and eliminating:                 Non-Value-Adding Activities         All Cost Drivers   Student Answer:  No                                            No    Yes                                         

Activity Based Costing Assignment a) Define activities Mitali Sheth: Active Wear Sales Specialist Cost Pool and Activity description Cost Pool Description 1).Analyze customer needs wants and deliver excellent services It refers to wide range of activities that focus on customer needs, what are they specifically looking for and giving the best suggestion for the outfit they are thinking to wear for any occasion. Develop a high level of product knowledge for the merchandise in the particular department

412,300 217,000 165,000 52,000 Testing Number of tests 51,000 25,500 15,500 10,000 Painting Gallon 52,580 5,258 3,680 1,578 Packing and shipping Pounds 820,750 335,000 215,000 120,000 Instructions a) Under traditional product costing, compute the total unit cost of each product. Prepare a simple comparative schedule of the

Business Selecting and applying costing systems and techniques Introduction Introduction In this following document you will find 4 different job costing activity’s and for each of these I will be using a appropriate costing system for each .Also I will be explaining when a Company would use job costing, process costing, marginal and activity based costing. And I will be detailing the advantages/disadvantages of each method. Contents Introduction 1 Task 2

Session 9 – Cost Allocations and Activity-Based Costing Dr. Othman Cole othman.cole@faculty.hult.edu 1 Absorption Costing In absorption costing, all manufacturing costs, both fixed and variable, are assigned to units of product. Units are said to fully absorb manufacturing costs. Most countries require some form of absorption costing for both external financial reports and for tax reports. Also, most companies across the world use absorption costing in their management reports. It is the most

] compaq [Type the company name] [Pick the date] Contents Concept of Cost Accounting……………………………………………………………………03 Introduction……………………………………………………………………………………..03 Traditional costing v/s activity based costing…………………………………………………..04 Need for an Activity Based Costing……………………………………………………………06 Stages in Activity Based Costing……………………………………………………………....08 Cost Drivers…………………………………………………………………………………….09 Classification of

Chapter 5: Activity-Based Costing MULTIPLE CHOICE QUESTIONS 1. Consider the following statements regarding traditional costing systems: I.Overhead costs are applied to products on the basis of volume-related measures. II.All manufacturing costs are easily traceable to the goods produced. III.Traditional costing systems tend to distort unit manufacturing costs when numerous goods are made that have widely varying production requirements. Which of the above statements is (are) true? A. I only. B. II