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

What is the optimal price without price discrimination, We consider two reg...

We consider two regions A and B. Each market has the same size (i.e. number of consumers) but differs in the willingness to pay for one unit of the good proposed by the firm. On ma

Opportunity costs are relevant costs, Opportunity Costs Are Relevant Costs ...

Opportunity Costs Are Relevant Costs Opportunity cost introduces an additional concept that is not available like part of normal cost analysis in the accounting record system.

Role of cost accounting in business management, Role of Cost Accounting in ...

Role of Cost Accounting in Business Management The system is a set of interdependent parts that together form a unitary whole such performs some functions. A number of sub sys

What would be the impact on net income, Brandywine Homecare, a not-for-prof...

Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2011. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $

Costs and revenue, Costs and Revenue Cost of the development work ...

Costs and Revenue Cost of the development work done in-house to 1 January 2009 has been £1.5m with a further cost of £50,000 per month from now until the software is ready

Classification, what is the classification of cost & how it is done?

what is the classification of cost & how it is done?

Prepare the appropriate entries for january 1, A corporation acquired a tru...

A corporation acquired a truck on July 1, 2012, at a cost of $162,000. The truck has a six-year useful life and an estimated salvage value of $18,000. The straight-line method of d

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