Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Standard Costs and Ethics Ohio Apple Orchards (OAO), Inc., produces an organic, super-premium apple juice that it markets to specialty food outlets. OAO purchases its apples from a select group of farmers located in the Midwest. Recently, a graduate of the local university, Susanna Wu, joined the staff of OAO. Among Susanna's first responsibilities was the change to develop and implement a standard costing system for OAO, this in response to competition arising from new and aggressive entrants to the organic foods market. Susanna discussed her task with the controller of the company, Mary Whitman, who indicated that unrefined apple juice would cost $1.50 per liter, the price she intended to pay her col- lege pal, Bill O'Neal, who had since graduation been operating his own apple orchard at a loss. Because of favorable weather conditions during the most recent growing season, the price for comparable apple juice in the region has dropped to $1.10 per liter. Mary felt that the $1.50 price, if maintained throughout the current year, would be sufficient to make Bill's operation profitable-at last.
Required: Is Mary's behavior regarding the cost information she provided to Susanna ethical? Support your answer by reference to the Institute of Management Accountant's Statement of Ethical Professional Practice (www.imanet.org).
Lipman Auto Parts, a family-owned auto parts store, began January with $10,300 cash. Management forecasts that collections from credit customers will be $11,400 in January and $14,800 in February. The store is scheduled to receive $5,000 cash on a bu..
Corresponds to CLO 4(b) Ferguson Molding Company produces custom bottle caps and jar covers for large cosmetic companies. Each customer owns the custom-made molds that are used for the caps and jar covers, so caps are produced only to customer ord..
Write an analysis of this encounter. How well were you able to engage the other party? How strong were your listening skills? Was it difficult to receive feedback?
antonius ltd is considering raising equity capital as they are looking to expand their business. they estimate they
barton publication company inc. has the following comparative balance sheet as of march 31 2010.barton publication
The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256. Journalize the entry to record the cash receipts and cash sales.
AC 505 Case Study I, Determine the amount of cost in the Raw Materials, Work in Process, and Finished Goods Inventory as of the date of the storm. ( Hint: You may wish to reconstruct the various schedules and statements that would have been affecte..
Journalize the entry on the partnership books to record Ferdinand's investment and journalize the entry on the partnership books to record Morris's investment.
Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold for last years accounts.Explain why some items have been excluded from the Schedules.
Prepare a contribution margin income statement separating all variable and fixed costs into their own categories and determine the breakeven point in units and dollars. Also, determine the number of units and dollars that need to be sold to make a ..
Prepare a revised operating budget for the fourth quarter for the Clark Services. This revised budget will be presented by Dick Smyth to General Service Industries.
Compute the machine hours needed to produce one unit of each product and determine the contribution margin per machine hour for each product.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd