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Toyota Motor Corporation with accelerator pedals sticking and brakes malfunctioning in some of its vehicle models illustrate how important it is to identify and control business risks, even for highly reputable companies. Among other things, Toyota was criticized for not acting quickly enough in implementing recalls, which according to some estimates involve 14 million vehicles worldwide. Also, reports suggest that Toyota did not tell federal regulators in Canada about a possible problem with the accelerator pedal when the company first learned of the issue. Instead Toyota waited until after the recall notice had been issued to inform regulators about the problem. Some have suggested that Toyota's rapid growth in worldwide production and sales compromised its focus on maintaining high standards of quality. In response to the crisis, Toyota temporarily closed some plants in Britain and France as a result of lower demand because of the recalls. The company also offered significant discounts to win back lost customers in North America. Toyota eventually announced that it will pay over $1 billion to settle hundreds of lawsuits related to the accelerator problems.
Problem 1: How might have extrinsic incentives contributed to Toyota's decreased focus on quality?
Estimate The direct material price variance is? Direct material purchased 25,000 pounds at $2.60 $ 65,000,Direct material used 23,100 pounds at $2.60 60,060
Determine net purchases and cost of goods purchased. Assume that Ivanhoe Company uses a periodic inventory system and has these account balances
The variable manufacturing cost was $2 per unit and the selling price was $8 per unit. What is the profit under absorption costing?
What is the weekly break-even sales volume and sales revenue, by product - what is the weekly sales volume & sales revenue that they would need to achieve? Again, ignore depreciation.
A and $28.80 for B, variable costs per unit of $14.40 for A and $16.80 for B, and total fixed costs of $53,760, the break even in units would be
seek out a conversation with a friend relative classmate co-worker or instructor. attempt to engage them in a
Phenix Corporation reports following information regarding its sales and cost of sales. Draw the estimated line of cost behavior by using the scatter diagram, and evaluate fixed costs and variable costs per unit sold.
How many ounces were started and completed during the period? Rocky Springs Beverage Company consists of two departments
Golden Valley sells computer equipment, Determine whether Golden Valley should discontinue the furniture line and the financial benefit (cost) of dropping it.
Prepare the journals necessary to account for current tax and deferred tax in the financial statements of Parmesan Limited. (Show all workings)
Mara limited produced wipers for motor vehicle. Evaluate the main issues for internal control in the above sitauation and suggest ways for improvement.
Which is most relevant to manufacturing equipment replacement decision? a lump-sum write-off amount from the disposal of the old equipment
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