9 17 revise traditional cost accounting reports

... joint cost ϭ $90 2.72 ($122,000 Ϭ 1,240 tons) ϩ $517.50 allocated joint cost ϭ $615. 89 ($83,406 Ϭ 1,540 tons) ϩ $385.71 allocated joint cost ϭ $4 39. 87 (rounded)... the joint process cost ... unit costs EI valued at FIFO costs Marinated Cuts Sausage 260 2,006 2,266 1 ,98 6 280 $ 90 2.72a $252,762 280 1,240 1,520 1,220 300 $ 615.89b $184,767 300 1,540 1,840 1,500 340 $ 4 39. 87c $1 49, ... Provisioner ( 199 8) Chapter 9 Cost Allocation for Joint Products and By-Products CHAPTER SUMMARY Multiple products... 362 Part 2 Systems and Methods of Product Costing JOINT COSTS IN...

Ngày tải lên: 02/07/2014, 22:21

... 12/ 29/ 06 9: 07 AM Page iii Accounting Best Practices Fifth Edition Steven M Bragg John Wiley & Sons, Inc ch00_FM_4773.qxd 12/ 29/ 06 9: 07 AM Page vi ch00_FM_4773.qxd 12/ 29/ 06 9: 07 AM Page i Accounting ... Colorado July 2006 ch00_FM_4773.qxd 12/ 29/ 06 9: 07 AM Page xv Accounting Best Practices Fifth Edition ch00_FM_4773.qxd 12/ 29/ 06 9: 07 AM Page xvi ch01_4773.qxd 12/ 29/ 06 8:53 AM Page Chapter Introduction ... activity-based costing, target costing, or direct costing reports in the costing function Further, it can reduce the number of transaction errors, by such means as automated employee expense reports, ...

Ngày tải lên: 20/06/2014, 18:20

... expense reports, to make incremental improvements in the ch03_4773.qxd 12/ 29/ 06 9: 10 AM Page 79 Summary Exhibit 3.4 An Accounts Payable Function That Uses Best Practices 79 ch03_4773.qxd 80 12/ 29/ 06 ... (which avoids any future problems with the bank ch03_4773.qxd 12/ 29/ 06 9: 09 AM Page 59 3–34 Increase the Frequency of Check Runs 59 reconciliation) It tends to take slightly longer to create a check ... Cost: Installation time: 3– 29 Withhold First Payment until W -9 Form Is Received Within one month after the calendar year is complete, the accounts payable department must issue completed 1 099 ...

Ngày tải lên: 20/06/2014, 18:20

... ch04_4773.qxd 12/ 29/ 06 9: 12 AM Page 99 4–18 Improve Shipping Charge Revenue 99 invoice, nor does the accounting staff have to worry about backing out the profit on sales to company subsidiaries Cost: Installation ... shipping information into the accounting system, which can then be used to immediately create and issue invoices Cost: Installation time: ch04_4773.qxd 12/ 29/ 06 9: 12 AM Page 96 96 Billing Best Practices ... chance that the printer will jam, and the cost of the invoices can be substantially reduced The biggest cost saving, ch04_4773.qxd 12/ 29/ 06 9: 12 AM Page 98 98 Billing Best Practices however, is of...

Ngày tải lên: 20/06/2014, 18:20

... 1.57 6% 03/31/08 Spade 8.07 9. 48 10 .93 10 .93 8.07 35% 06/30/08 Shovel 8.08 9. 49 10 .94 10 .94 8.08 35% 06/30/08 Hose 15.01 14 .98 14 .95 14 .90 14 .90 0% 06/30/08 Sprinkler 23. 19 28.01 28.77 27.75 23.00 ... the receipts from scrap purchasers The other two ch 09_ 4773.qxd 12/ 29/ 06 9: 20 AM Page 217 9 17 Revise Traditional Cost Accounting Reports 217 reporting systems reveal the most useful information ... accounting 9 11 Implement target costing 9 12 Track excess capacity 9 13 Limit access to unit of measure changes 9 14 Report on landed cost instead of supplier price 9 15 Review cost trends 9 16...

Ngày tải lên: 20/06/2014, 18:20

... deductibility of contributions made into a rent-a-captive Cost: Installation time: ch11_4773.qxd 12/ 29/ 06 9: 23 AM Page 2 59 11–21 Issue Catastrophe Bonds 2 59 11–20 Use Internet-Based Risk Measurement Services ... Reprinted with permission from Steven Bragg, Just-in-Time Accounting (New York: John Wiley & Sons, Inc., 199 6), p 334 ch12_4773.qxd 12/ 29/ 06 9: 24 AM Page 283 12–18 Create a Closing Schedule 283 and ... the statements can be issued in a timely manner, ch12_4773.qxd 12/ 29/ 06 9: 24 AM Page 2 69 12–3 Restrict the Level of Reporting 2 69 with the operating information sent out later in a separate document...

Ngày tải lên: 20/06/2014, 18:20

... efficiency of accounting processes ch13_4773.qxd 12/ 29/ 06 9: 26 AM Page 331 Summary Exhibit 13 .9 Impact of Best Practices on General Accounting Functions 331 ch13_4773.qxd 332 12/ 29/ 06 9: 26 AM Page ... budget Product costing Establishing item standard costs Establishing standard costs for assemblies Inquiry screens Accumulating order costs with average actual costing Managing order costs with average ... costing Managing order costs with average actual costing Managing mfg order costs using standard costing Managing purchase order costs with standard costing Inventory value reporting Accounts Payable...

Ngày tải lên: 20/06/2014, 18:20

... Cost: Installation time: ch17_4773.qxd 12/ 29/ 06 9: 35 AM Page 421 17 7 Switch to Salaried Positions 421 17 6 Avoid Job Costing through the Payroll System Some controllers have elaborate cost accounting ... will arise Cost: Installation time: The RFID standards can be found at www.epcglobalinc.org ch16_4773.qxd 12/ 29/ 06 9: 33 AM Page 399 16–30 Eliminate All Transaction Backlogs 399 16– 29 Eliminate ... change in the underlying cost of insurance provided to the company, the company com- ch17_4773.qxd 12/ 29/ 06 9: 35 AM Page 4 19 17 4 Prohibit Deductions for Employee Purchases 4 19 monly passes along...

Ngày tải lên: 20/06/2014, 18:20

... ch04_4773.qxd 12/ 29/ 06 9: 12 AM Page 99 4–18 Improve Shipping Charge Revenue 99 invoice, nor does the accounting staff have to worry about backing out the profit on sales to company subsidiaries Cost: Installation ... shipping information into the accounting system, which can then be used to immediately create and issue invoices Cost: Installation time: ch04_4773.qxd 12/ 29/ 06 9: 12 AM Page 96 96 Billing Best Practices ... chance that the printer will jam, and the cost of the invoices can be substantially reduced The biggest cost saving, ch04_4773.qxd 12/ 29/ 06 9: 12 AM Page 98 98 Billing Best Practices however, is of...

Ngày tải lên: 21/06/2014, 04:20

... profitability upon product release Cost: Installation time: ch07_4773.qxd 12/ 29/ 06 9: 16 AM Page 173 7– 29 Modify the Credit Policy Based on Product Obsolescense 173 7–28 Modify the Credit Policy ... credit condition However, they not yield ch07_4773.qxd 12/ 29/ 06 9: 16 AM Page 1 79 7–38 Refer a Potential Customer to a Distributor 1 79 Exhibit 7.2 NACM List of National Credit Management Groups ... for customer payment information to arrive by mail Cost: Installation time: ch07_4773.qxd 12/ 29/ 06 9: 16 AM Page 171 7–26 Create a Credit Policy 171 7–26 Create a Credit Policy One of the chief...

Ngày tải lên: 21/06/2014, 04:20

... ch10_4773.qxd 12/ 29/ 06 9: 21 AM Page 2 39 10–15 Move Records Off-Site 2 39 Notify recipients of the cost of reports If a simple notification of the number of reports does not result in any significant ... management of the total cost of creating and issuing those reports If the cost is considerable, the management team may authorize the elimination of several additional reports Combine reports Once the ... to eliminate paper-based backup systems Cost: Installation time: 10–11 Track Documents with RFID Radio frequency identification (RFID) was invented in 199 9 at a think tank located at the Massachusetts...

Ngày tải lên: 21/06/2014, 04:20

... tax information service Cost Install Time ch13_4773.qxd 12/ 29/ 06 9: 26 AM Page 297 13–1 Consolidate All Accounting Functions 297 Exhibit 13.1 (Continued) Best Practice Cost Install Time Training ... preparation However, 295 ch13_4773.qxd 12/ 29/ 06 9: 26 AM Page 296 296 General Best Practices Exhibit 13.1 Summary of General Best Practices Best Practice Management 13–1 Consolidate all accounting functions ... process cycle will begin almost immediately to ch13_4773.qxd 12/ 29/ 06 9: 26 AM Page 299 13–2 Continually Review Key Process Cycles 299 encounter exceptions to the rules, as well as special situations...

Ngày tải lên: 21/06/2014, 04:20

... 368 12/ 29/ 06 9: 30 AM Page 368 Internal Auditing Best Practices Exhibit 15.2 Impact of Best Practices on the Internal Auditing Function ch15_4773.qxd 12/ 29/ 06 Summary 9: 30 AM Page 3 69 3 69 of an ... ordered something, and must conduct a ch16_4773.qxd 12/ 29/ 06 9: 33 AM Page 3 79 16 9 Obtain Advance Shipping Notices for Inbound Deliveries 3 79 Sherlock Holmes–style investigation throughout the company ... management to complete, frequently requiring ch15_4773.qxd 12/ 29/ 06 9: 30 AM Page 3 59 15–10 Create an On-Line Internal Audit Library 3 59 weekend work by the internal audit teams To avoid this problem,...

Ngày tải lên: 21/06/2014, 04:20

... Cost: Installation time: ch17_4773.qxd 12/ 29/ 06 9: 35 AM Page 421 17 7 Switch to Salaried Positions 421 17 6 Avoid Job Costing through the Payroll System Some controllers have elaborate cost accounting ... will arise Cost: Installation time: The RFID standards can be found at www.epcglobalinc.org ch16_4773.qxd 12/ 29/ 06 9: 33 AM Page 399 16–30 Eliminate All Transaction Backlogs 399 16– 29 Eliminate ... change in the underlying cost of insurance provided to the company, the company com- ch17_4773.qxd 12/ 29/ 06 9: 35 AM Page 4 19 17 4 Prohibit Deductions for Employee Purchases 4 19 monly passes along...

Ngày tải lên: 21/06/2014, 04:20

... unit of measure changes 9 14 Report on landed cost instead of supplier price 9 15 Review cost trends 9 16 Review material scrap levels 9 17 Revise traditional cost accounting reports Chapter 10: ... checking, 92 93 For individual line items, 89 90 In PDF format, 182–183 Intercompany elimination, 98 99 Layout, 91 92 Negative assurance, 26 Numbering convention, 32–33 Page reduction, 97 98 Processing ... 168–1 69 Outsourcing, 153–154 Stratification, 1 49 150 Commission Automatic calculation of, 188– 190 Best practices, 187– 199 , 4 59 Calculated on cash receipts, 194 Impact of best practices on, 197 – 199 ...

Ngày tải lên: 21/06/2014, 04:20

... 1.57 6% 03/31/08 Spade 8.07 9. 48 10 .93 10 .93 8.07 35% 06/30/08 Shovel 8.08 9. 49 10 .94 10 .94 8.08 35% 06/30/08 Hose 15.01 14 .98 14 .95 14 .90 14 .90 0% 06/30/08 Sprinkler 23. 19 28.01 28.77 27.75 23.00 ... the receipts from scrap purchasers The other two ch 09_ 4773.qxd 12/ 29/ 06 9: 20 AM Page 217 9 17 Revise Traditional Cost Accounting Reports 217 reporting systems reveal the most useful information ... accounting 9 11 Implement target costing 9 12 Track excess capacity 9 13 Limit access to unit of measure changes 9 14 Report on landed cost instead of supplier price 9 15 Review cost trends 9 16...

Ngày tải lên: 21/06/2014, 18:20

... ch10_4773.qxd 12/ 29/ 06 9: 21 AM Page 2 39 10–15 Move Records Off-Site 2 39 Notify recipients of the cost of reports If a simple notification of the number of reports does not result in any significant ... management of the total cost of creating and issuing those reports If the cost is considerable, the management team may authorize the elimination of several additional reports Combine reports Once the ... to eliminate paper-based backup systems Cost: Installation time: 10–11 Track Documents with RFID Radio frequency identification (RFID) was invented in 199 9 at a think tank located at the Massachusetts...

Ngày tải lên: 21/06/2014, 18:20

... deductibility of contributions made into a rent-a-captive Cost: Installation time: ch11_4773.qxd 12/ 29/ 06 9: 23 AM Page 2 59 11–21 Issue Catastrophe Bonds 2 59 11–20 Use Internet-Based Risk Measurement Services ... Reprinted with permission from Steven Bragg, Just-in-Time Accounting (New York: John Wiley & Sons, Inc., 199 6), p 334 ch12_4773.qxd 12/ 29/ 06 9: 24 AM Page 283 12–18 Create a Closing Schedule 283 and ... the statements can be issued in a timely manner, ch12_4773.qxd 12/ 29/ 06 9: 24 AM Page 2 69 12–3 Restrict the Level of Reporting 2 69 with the operating information sent out later in a separate document...

Ngày tải lên: 21/06/2014, 18:20