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Costing in new enterprise environment: A challenge for managerial accounting researchers and practitioners Krishan M Gupta, A Gunasekaran. Managerial Auditing Journal. Bradford: 2005. Vol. 20, Iss. 4; p. 337 (17 pages). Based on the above article and your prior readings, do you agree with the notion of value costing for the 21st Century organizations. Why or Why Not?
Also based on the above article and other readings, why types of situations may be more appropriate for application of the some of the "tried and true" costing methods of the 20th Century? Are these industry or firm specific?
Is Cost-Volume-Profit Analysis still relevant in the 21st Century business organization? Support your answer with reasoned arguments and references as appropriate.
Provide the circumstances under which each company chose its strategy. Provide information on how the two companies chosen strategies have affected performance and contributed to success or failure.
Why were some of Jeff's friends who worked with him from the beginning not very excited about a change to a standard cost system.
Attaached PELARSON CASE SOLUTION, looking for general case analysis with- background information, issues and problems, ananlysis and conclusion. about 12 pages double spaced
Why is the identification of favorable and unfavorable variances so important to a company? How can the identification of the variances help management control costs?
What are the primary reasons for a country to sometimes withhold goods or put price controls on exports to international markets? What are possible outcomes of this practice? What are your feelings about price controls?
Over the last two years, Ed had spent nearly $600,000 in attorney fees. Ed had even offered his brother-in-law 50% of the winnings. How and where would you deduct the attorney fees?
Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was paid.
If the current assets in 2010 were 112,004 and in 2009 the current assets were 113,030 the change is -1,026. That would mean the percent of change is -.009%. Is this correct? Can a percent of change be negative? If so, is this the proper way to wr..
The CEO asks, "How can actual operating income be roughly 12% of the static budget amount when there are so many favorable variances?"
What is the present value of $359,000 that is to be received at the end of twenty-three years, the discount rate is 11 percent, and semiannual discounting occurs?
Do you think it is necessary to use an accumulated depreciation account instead of just adjusting the asset account directly?
Please allocate the costs and advise, what is the taxable income for year 1 and 2, noting there are no other expenses outside the allocation of costs.
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