What kinds of benefits have communities realized due to fca, Cost Accounting

Assignment Help:

Q. What kinds of benefits have communities realized due to FCA?

Communities have understood the following benefits by using FCA:

• Rates or tipping fees are set right and fairly.

• Budget requirements are secured with clear data.

• Privatization queries are answered on the basis of complete cost data.

• More services are accessible at less money.

In Los Angeles, California, the mayor was worried about the cost of solid waste management, so the city starts moving towards FCA. Throughout that system, it has been able to set benchmarks, make evaluation, and identify efficiencies. FCA permits the city to find out how it can do superior with its current programs.
7
The city of Phoenix, Arizona, is one more example. A few years ago, the city begins using FCA and challenging with the private sector for solid waste services in various parts of the city. In the early bid rounds, the private sector won. The public sector obtains its new accounting information and firm that it had to do better. The city then acknowledged some areas where competence could be enhanced and won back some of the bids.

Sacramento County, California, also realize new efficiencies in the area of compilation. The county was allowing for changing from a manual, two-person collection system to an automated, one-person collection system. The public in support of the two-person system, but the cost was excessive. The county skilled the public about the one-person system and describe that if it worked, they might acquire a rate decrease for that service. With the new service, the county can keep rates down and steady them over the last three years.

Sacramento County also used FCA to modify the level of service offered for pickup of recyclables and compostable. The county decisive that weekly collection services were very costlier for the services render. The county is currently implicated in a pilot program that is examining every-other-week collection in its place. The county estimates that it can save $1.3 million in this particular program with this modification.

In Columbia, Missouri, FCA permits the public works department to perform meaningful cost comparisons in performance measurements with other cities and track performance from year to year. Columbia has used FCA to efficiently assess the impact new programs have on rates and to set rates to guarantee financial constancy.


Related Discussions:- What kinds of benefits have communities realized due to fca

Compute prevention costs-appraisal costs-internal failure , Question: A...

Question: At the beginning of the year, Asquith Company Ltd initiated a quality improvement program. The program was successful in reducing scrap and rework costs. To help asse

Direct materials and direct labor:, McDaniel Company manufactures 100-pound...

McDaniel Company manufactures 100-pound bags of fertilizer that have the following unit standard costs for direct materials and direct labor: Direct Materials (100 lbs. @ $1.00

Wages department, Wages Department It is accountable for the preparati...

Wages Department It is accountable for the preparation of the payroll and the payment of wages. The routine will need: a) Analysis of clock cards and verify of overtime aut

Explain how individual items of costs will be traced, Glaser Health Product...

Glaser Health Products of Ranier Falls, Georgia, is organized functionally into three divisions: Operations, Sales, and Administrative. Purchasing, receiving, materials and product

Exercise I do not understand, what would your answer be to the following pr...

what would your answer be to the following problem, please show detailed calculations: The XYZ Company manufacturers Part 123 for use in its production line. The manufacturering co

Non-profit cash flows statement, Are non-profit and governments required to...

Are non-profit and governments required to depreciate assets? Why or why not? Would it make sense for them to use double declining balance? Is there a difference between a non-p

Cost accounting, how does cost accounting differ from management accounting...

how does cost accounting differ from management accounting

Inventory valuation, How the FIFO, LIFO and AW problems can be solved?

How the FIFO, LIFO and AW problems can be solved?

Determine cash flow statement, Download the financials of Shoprite , study ...

Download the financials of Shoprite , study them, then, using ratio analysis, the cash flow statement, and the segmental breakdown of the results, prepare a statement outlining the

Profit and loss statement, If a company trades in a building towards a new ...

If a company trades in a building towards a new building and does not recognize a gain or loss (because of code section 1031), will this transaction affect the cash flows statement

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd