Cost Accounting Case Study

Method: By reading MCWP 6-11 Leading Marines, answer and write an analysis on the objectives given per instruction.

16. The existence of both economies of scale and diseconomies of scale would have what effect on the LRAC curve?

Maintaining discipline, by ensuring that the soldiers are doing the right thing on and off duty like when we are in the motor pool and you see soldier not helping others to accomplish the assigned task. Ensure Preventive Maintenance Checks and Service are conducted by the book and ensuring that if they find a discrepancy to annotate in 5988’s. We need to be more creative and find some other ways to keep them busy. Inspecting their rooms and making sure they are living like people and not

The Marine Corps since transitioning to TAMIS for requisitioning and Class V(W) allowance management has been accustom to forecasting. Forecasting is a function within TAMIS that allows supported units to project materiel needs at a specific location and during a specific window of time. Prior to the days of TAMIS the MEFs would project ammunition needs via an annual Marine Ammunition Requirements Support Order (MARSO). Supporting activities were left to wonder and guess when a particular item might be needed. This logistics pull model was very costly as it drove up transportations costs and made expedited shipping from Depot to Supporting Activities the norm rather than exception. Today Marines are familiar with the forecasting functionality

o closely monitored, encouraged, and trained one NCO and six Soldiers, on MOS tasks and skills; achieving a section average of 255 on APFT

Due to the information, 20 acres of land equal 80 sheep according to the exchange rate of last year, a one-room cabin equal 3 acres of land and equal 12 sheep finally, a plow equals 2 goat and equal 2/3 sheep according to last year’s exchange rate and 2 carts which were traded with a poor acre of land equals 8 sheep plus 400 sheep. So Deyonne’s total assets are 500(2/3) sheep. Deyonne’s liabilities and assets deduction are 35 sheep plus 3 sheep, which will come to 38 sheep,

1. What is the competitive situation faced by Wilkerson? The critical product in term of market competition is the pumps of Wilkerson Company. The pumps are Wilkersons major product line with a production of about 12,500 units per month. Pumps currently have the lowest gross margin among all products, because competitors had been reducing prices on pumps and Wilkerson adopted its prices in order to remain competitive and to maintain the volume. 2. Given some apparent problems with Wilkersons cost system, should executives abandon overhead assignment to products entirely by adopting a contribution margin approach in which manufacturing overhead is treated as a period expense? Our conclusion is, that they should not adopt

Cost accounting is a type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance (Cost Accounting, n.d.).

ims is trying to argue that the net income percent of sales decreased because of the many operational cost that have doubled up during 2015. He also tries to remind Leroy, the owner, that the auditors would audit them in a matter of one month and they would discover that the company cannot maintain their everyday operations. Sims is also being asked to changed the information in the financial statements in order to meet the same perecentage of sales from December 2015. Sims needs to address that he will be breaking the law and accounting principles if he manipulates the numbers in the financial statements.

The activity associated with redefining developmental cost growth thresholds is untimely, bureaucratic, and contrary to the direction established by 10 U.S.C. § 2433 (Nunn-McCurdy). To enforce a different performance standard after the acquisition strategy was set, the contract awarded and work begun, ensures that the carefully established business plan will become mired in reporting delays and unprecedented, redundant certifications. Indeed, the Secretary is called on to certify that funding additional costs on the program is a priority over other programs, a situation completely fabricated by this act and a situation the Air Force took steps to prevent by properly preparing their budget in accordance with the Weapons Systems Acquisition Reform Act (WSARA) of 2009. The current cost growth thresholds are consistent with both congressional and defense guidance and are backed up by two independent cost estimates done by the Air Force Cost Analysis Agency and the Cost Assessment and Program Evaluation Office. Those plans support efficient and

Would factory security and assembly activities be best classified at an appliance manufacturing plant as unit-level, batch-level, product-level, or organization-sustaining?

The board of directors of the Cortez Beach Yacht Club (CBYC) is developing plans to acquire more equipment for lessons and rentals and to expand club facilities. The board plans to purchase about $50,000 of new equipment each year and wants to begin a fund to purchase a $600,000 piece of property for club expansion.

Cost Accounting: Its role and ethical considerations Introduction: Accounting is the process of identifying, measuring, and communicating economic information about an entity for the purpose of making decisions and informed judgements. The major areas of within the accounting are: Financial Accounting, Managerial Accounting/Cost Accounting and Auditing- Public Accounting Managerial accounting is concerned with the use of economic and financial information to plan and control the activities of an entity and to support the management in planning and decision-making process. Cost accounting is the subset of managerial accounting and it helps management in determination and accumulation of product, process or service cost.

Question 1: The situation in this case study revolves around Sally, a member of the Board of Sally Susie's Donut Shop, Inc. (SSDS). SSDS uses an accrual method of accounting and over the past three years has seen volatile sales. Sally is unhappy with her previous tax advisor and wants new advice. Our task is to outline a preliminary interview with Sally to ensure that we ask the right questions.

Erin should notify Smart Worx of the postponement as it is consistent with ethical principles of integrity and professional competence. As Erin is complying with these codes of ethics, she has nothing to lose or suffer as she followed the guidelines of the code and therefore cannot be