The company manufactures candy products such as candy canes, hand-wrapped candies, and lollipops. The company has got more than 60000 employees worldwide. The company has experienced a substantial increase in the…
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At the end of year 2013, the net income of the company was $494,500 million. This is an increase of about 17%and 21% from 2012 and 2011respectively. The company brands the products and distribute to the market segments. Each market segment receives a unique brand as per their respective preference.
Enables them to company manufactures thousand units of the product at some point in time. The method provides the manager with an answer of comparison of similar products from one period to another hence having a control over the manufacturing cost. The method allows the allocation of materials that part way the process. This enables in determining the value that processes material such as the labor cost.
The company incurred several operating and management costs. The cost incurred includes factory insurance cost, plant depreciation $13,450, factory manager’s salary$90,000, laborers wages 450,000, supervisor’s salaries 250,000, power consumption $45,000 and warehouse maintenance cost 50,260. The direct cost was which composed of laborer’s wages $450,000, indirect costs was $398450 that is factory insurance $120,000, power consumption $45,000, factory manager salary $90,000, depreciation $13,450 and supervisor $250,000. The fixed cost includes the warehouse maintenance cost of $38, 000.
From the financial perspective, the company has improved due to marketing of its products and services worldwide. From the annual report, the company garnered 26 billion as the total profit after tax. This is the growth of 1.45% and 3% from 2013 and 2012 years respectively. From the customer perspective, there is an increase in the customer loyalty. This is due to the manufacture of superior quality products that give them a competitive advantage. The products sell faster than the competitors because of efficiency supply of products to the markets for their loyal customers. From internal business
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Network Diagram 2. Timing of Activities In this project, the researcher has used the concept of Earliest Start Time (EST), Earliest Finish Time (EFT), Latest Start Time (LST), Latest Finish Time (LFT), Duration and Total Float (TF). EST and EFT are calculated by using following equations.
Ford Motor Company produced 5.532 million automobiles in its over 90 plants and facilities spread worldwide with a revenue collection of U.S $ 134.3 billion and U.S $ 15.99 billion in Equity and a net income of U.S 5.664 billion (Operating Highlights: Annual Report, 2008, p.
Managerial accounting is the identification, collection, classification, and reporting of financial and non-financial information, which is useful to internal users in planning, controlling and decision making (Rich and Jones 667). Managerial accounting is a vital function of an organization. It aids in planning for the future.
According to the author of the article, the evolution of the field of Management Accounting as a separate branch of accounting dates back to the late 1930s. It was during this decade Ross G. Walker joined the faculty of the Harvard Business School. He came from a successful management position in a business corporation.
ther hand, cost accounting systems are the internal information systems structures and procedures that are applied by a company to ensure proper cost accounting. Cost system is one of the scopes of cost accounting, although both have a common objective of providing relevant
The decisive issue in management accounting is whether the government, organization or consumer is more contented with the transaction or dealing made. Civic actions will tend to generate either more benefits or demerits that determine
Top Building Construction Ltd is well established company in the construction industry mainly focusing on building large industrial buildings, as well as offering maintenance services. This company has vast experience of more than 30 years, currently the
In this respect, a successful budgeting should have a concrete long term goal, knowledge of expected returns, contains accurate data, have simple tools of budgeting, and must be realistic in nature.
The company that
From the two investment projects being considered by Canadian Metal Company, both have a positive net present value therefore in this case the investment that should be made is the one with a higher net present value which is the oil
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