Abby did not correctly compute the cost of the Breeland Ltd. special order. Using ABC costing Abby correctly estimated all of the costs except for the markup cost. This caused her to overestimate the total price of the order. Rather than divide by the 80 percent, Abby should have multiplied by 80 percent to calculate the cost Breeland should be billed.
I believe that Abby’s assessment of the special order costing is correct. George’s conversations with Josh should impact Abby’s estimate of the Breeland Ltc. special order, but only after the company has received the order confirmation from George. It is unethical for Abby to charge Breeland for the disposal cost and the cost of all 50 gallons if they are not actually having to dispose of the materials. Charging for disposal on items that are not actually being disposed of is also against company policy. Company policy is that all unused materials will be billed to the customer in the absence of another order for the same
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If Abby notifies Tom of a probable future change in the cost determination before Josh has confirmed his order, Abby would not be in compliance with confidentiality. However, if Abby does not inform Tom of a change in his costs after Josh has confirmed his order, she will be using the information for an unethical advantage. The correct timing of Abby notifying Tom of a change in cost will ensure her compliance with the IMA standard of confidentiality. To follow the IMA standards, Abby must complete a new cost determination after Josh has confirmed his order. If George will not sign off on the new cost determination, then Abby should inform higher authority in the company and the ethical standards department of George’s unethical actions. If she fails to do so, she should be held accountable for failure to hold up the same IMA standards and principles that George has also failed to
Did the union violate Title I, Section 101(a) of the Landrum-Griffin Act in this case? If so, what should be the appropriate remedy?
Advertising Expenses went over cost for an unfavorable variance of $3,754 from a standard budget of $28,412 and a flexible budget of $27,708. The extra money spent towards advertising may have been to help boost extra sales towards the end of the year. Transportation Out also went over its budget for an unfavorable variance by $5,607. However, there is more to the Transportation Out than what the budget says. The price of shipment is supposed to be $30 per unit and with 87 less units sold; there should be an extra $2,610 in the budget. This requires extra investigation.
The plaintiff Charles Barker, a mayor Tennessee; sued Joe Carr the Secretary of State of Tennessee. Baker complained that legislation had not redrawn districts since being under a 1901 statue; which is in violation of the Tennessee Constitution because reapportion is due every ten years. Baker alleged that TN legislators are depriving citizens of equal protection rights; which is in violation of the 14th amendment, Baker stated that this also caused underrepresentation in the General Assembly for those in urban areas. Baker argued that due to population change, votes in an urban districts held less value than those in suburban districts.
Levin and Goldberg quickly shot down Gilmore’s idea of adding a footnote about the warehouse arrangement where South City Electronics would ship their goods to Kelly Electronics who would then sell it to Victor Systems, while South City recognized revenue immediately. Not disclosing this arrangement would be in direct violation of AICPA’s Code of Professional Conduct. Levin even told Gilmore himself that the footnote would create doubt in the public and wonder what accounting practices they are partaking in. With this being said, this would violate the public trust principle. This principle states that South City has a responsibility to the public to serve them honestly, and to carry out their duties with integrity and objectivity. If they go through with this warehouse arrangement and add the footnote, the public would wonder what other manipulative accounting practices they use to meet their earning goals. If they don’t add the footnote, they would be violating AICPA’s Code of Professional Conduct integrity and objectivity rule, which states that a member can not knowingly misrepresent facts to the public. This warehouse arrangement would allow South City to record a $1.2 million sale early, before the goods have reached the final customer, Victor Systems which violates SEC and FASB
On July 1, 2015 DeKalb County CEO Burrell Ellis has been indicted by a DeKalb grand jury on charges he illegally pressured contractors into giving his campaign contributions.
The supreme court case that I decided on was the case of Gavin Grimm v. Gloucester County School Board (ED. VA.) (Unknown, 2017). This case is about an 18-year-old male that attends a Virginia high school in Gloucester County Virginia. Gavin has male features and facial hair like a male and a deep voice like a male; however, he is in the process of being a transgender. The problem is Gavin uses the men’s restroom and is fighting for a transgender restroom throughout the school. The school board’s policy denies transgender students access to the restrooms used by rest of the student body because it violates the Title IX of the Education Amendments of 1972 (Unknown, 2017). The school states that students must use the restrooms according to their
During our negotiation with D.G. Barnhouse (DGB), we intend to utilize an integrative bargaining strategy with management. Before coming to this conclusion, we weighed the advantages and disadvantages of a distributive approach, however, we eventually decided to take an integrative and predominantly interest based stance versus a position based stance in our negotiations after assessing internal and external environmental factors. In addition, we settled on this strategy because we ultimately believe that management and the union share at the very least, one fundamental common interest, which is the firm’s financial stability. That being said, even with our plans to use integrative bargaining, we still plan to negotiate assertively to achieve
Those concerns and suspicions easily turn to the idea law enforcement is trying to protect someone suspected of a wrongdoing, whether it’s true or not.
Candidate Barrowcliff's tactical mindset and seriousness about the problem was evident when he posted security before he started his order. SNC's order was relayed with a great level of confidence. SNC covered all the details while having a complete understanding of the mission. At the end of his brief, he pointed to a candidate and asked him to restate the mission to check for understanding, ensuring there wouldn't be any confusion. Candidate Barrowcliff formulated an initial plan and completely briefed his fire team. SNC displayed a sense of urgency and desire to move toward mission accomplishment. SNC's adjustments to his plans were decisive and effective. Candidate Barrowcliff was clearly in charge and demonstrated calm demeanor in a
Although, the new AICPA code combines eleven understandings below the principle to provide more guidance on regulation matters. These forgiving are an extreme amount that allow for moralistic details resolutions formed below the prior code. They consist of: 1.700.005, "Use of the Conceptual Framework for Members in Public Practice and Ethical Conflicts"; 1.700.010, "Customer Competitors"; 1.700.020, "Unveiling Information From Previous Engagements"; 1.700.030, "Revealing Information to Persons or Entities Associated With Clients"; 1.700.040, "Uncovering Information to a Third-Party Service Provider"; 1.700.050, "Revealing Client Information in Connection With a Review of the Member's Practice"; 1.700.060, "Divulgence of Client Information to Third Parties"; 1.700.070, "Revealing Client Information During Litigation"; 1.700.080, "Unveiling Client Information in Director Positions"; 1.700.090, "Revealing Client Names"; and 1.700.100, "Unveiling Confidential Client Information as a Result of a Subpoena or
1. If you were representing the Company in this case, what argument (facts and reasons) could you make that the confidentiality agreement had a legitimate business purpose and was applied appropriately to Martinez?
• This cost method does not provide the best system for JDCW’s cost allocation. By using only three overhead rates the present system grossly undermines the true production costs since other activities of the production process are not acknowledged.
showed Mrs. Carter the job estimation sheet, it laid out the numbers showing that Lambeth could not do the job for less than $1,625. Right there Lambeth would lose $125 since Mrs. Carter was not willing to pay any more than $1,500, not to mention their $275 profit. If the company would have taken the job for $1,500, instead of $1,900, they would have lost a total of $400.
Novo’s first order to Baker consisted of 1210 gallons of adhesive. Their second order increased in size by 50% to result in an order of 1815 gallons of adhesive. Baker also faced an increase in costs of their materials by 10%. Baker only had to buy 25% of the products needed to create the order Novo requested because they had the other 75% on had so the 10% increase in cost only applied to the new 25% of materials.
First, we have identified if there is really an insufficiency in the amount of selling prices set by the Sales Department, in reference to Exhibit 1 of the case. We did this through identifying the maximum amount of overhead costs that the company can incur for the three products and comparing it with the total overhead costs. See Table 1 for details.