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Problem 1: As a Cost and Management Consultant in the banking industry in Ghana, one of your highly esteemed clients, a top tier banking institution in Ghana has required of you to advise them as to whether target costing can be applied to the banking industry in Ghana. They further require you to advise them on what products or services can target costing be applied.
If you chose to not fully implement activity based costing, what would you have learned about department's costs that would help you operate more profitably?
Essentially, how is a JIT manufacturing system different from a conventional system? What qualitative factors might bear on the decision at hand?
Why is cost accounting so important to the success of the firm? What are the various methods of cost accounting and how are they used?
Discuss the accounting treatment of Bulgari's museum pieces, its implication and the understandability of disclosure
What Blue Ribbon Company markup percentage would be? The per unit information is available for a new product of Blue Ribbon Company
Identifying deferral and accrual events - Incurred other operating expenses on account.
State with The reason The nature of the Expenditure in Each of the Following Case:-a) Freight on The New machinery Rs-4000 & Its Installation Cost Rs-2000
Calculate the breakeven point. Be sure to include the fixed component of mixed cost in your fixed costs and the variable component in the variable cost.
Condensed balance sheet and income statement data for Sievert Corporation are presented here and on the next page - discuss briefly the improvement or lack thereof in financial position and operating results from 2011 to 2012 of Sievert Corporation.
Calculate the activity cost rates for each of the activity cost pools and calculate the amount of "Support Expenses" to be allocated to each of the four product lines for each activity.
Your weekly demand, What is your annual expected cost of pipeline inventory? Enter your answer in millions of dollars with 2 decimal places.
Prepare an income statement for the year using absorption costing. Prepare an income statement for the year using variable costing.
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