Premium Essay

Change...It'Ll Do You Good

In:

Submitted By jharper
Words 2427
Pages 10
Change...It'll Do You Good

Change…It’ll Do You Good
A Recommendation for Implementation of
Activity-based Costing

Joann Harper

BU264: Managerial Accounting, Spring 2011
Dr. Henry Bryan
April 13, 2011
Outline

I. Introduction A. Comparison of traditional costing vs. activity-based costing B. Pros and cons of activity-based costing C. 4 companies selected for review i. General Electric ii. Dennison Manufacturing Co. iii. South-western Ohio Steel Inc. iv. Insurance companies D. Thesis Statement: An examination of four companies that have successfully implemented activity-based costing/activity-based management has led to my recommendation that transitioning to activity-based costing is the right move for our company. Although there are many benefits to activity-based costing, we would directly benefit from the relative ease of implementation for a company our size, the ability to view our product costs differently and target process improvements which in turn will lead to an improved line of products and allow us to be more competitive in our market niche. II. General Electric A. A brief history of activity-based costing B. Outcome of General Electric and activity-based costing III. Dennison Manufacturing A. How Dennison Manufacturing uses activity-based costing B. Outcome of Dennison Manufacturing’s implementation of activity-based costing IV. South-western Ohio Steel Inc. A. How South-western Ohio Steel Inc. uses activity-based costing B. Outcome of South-western Ohio Steel Inc.’s implementation of activity-based costing V. Insurance Companies A. How insurance companies use activity-based costing B. Outcome of insurance companies

Similar Documents

Premium Essay

Socheata Ouk's Life

...She wishes that there could be a change in the school system and the process of getting a good job over there, “paying for school with the money I make to keep up with my electricity bills, food, and to help mother and aunts is hard but I love how I have a job because there are many people here that don’t have a job” (Ouk). Socheata loves to fantasize about living in America with the many opportunities we have along with freedom. She told me, “you are very lucky to be living out there, take every opportunity you can” (Ouk). I asked Socheata why does she think that is happening in Cambodia, she responds, “the prime minister, the government, they don’t want to help us” (Ouk). This drew my attention in because I can’t stand the fact my family has to go through those hardships working 10x harder than I am. They need help from us. If this issue gets more attention from people outside of Cambodia, then people will know that Cambodians...

Words: 1597 - Pages: 7

Premium Essay

Business

...Fiat to go in U.S. market. Concisely, Fiat will acquire 35% of Chrysler Company’s stake, without the any respective compensation for the stake, and it will provide Chrysler entry and use of its technology. Fiat openly announced that it aimed to open a manufacturing base in the U.S for the Fiat brand as well as for its subsidiary, Alfa Romeo. Thanks to the 35% that Fiat is obtaining from Chrysler, the automotive company would seemingly be able to use an U.S. factory to manufacture its cars. Chrysler doesn’t have a good story in recent years through mergers since after separating from Daimler in 2007, Chrysler did not do well because of the existent global economic crises. Moreover, Chryslers’ monetary constraints and sharp competition in the United States represent some of its other issues which are some of the reasons that led the corporation to seek a partnership and Fiat ended up being the right fit. Both corporations display similarities in their manufactured goods, worldwide procedures, and machinery and equipment areas which will help build a strong alliance and benefit both companies. The association will probably assist Chrysler in order to get more capital from the government to subsist. On other hand, there are always risks and threats due to alliances. In general, Chrysler is benefited from the alliance since it helped the company to subsist. The merger represents innovation, low-cost machinery and equipment. Nowadays, in the current economy with technology constantly...

Words: 989 - Pages: 4

Premium Essay

My Dear Austin Research Paper

...My Dearest Austin, The rain drizzling all around us, the feel of the wind brushing against the yellow leaves and our jacket strings, I remember this day too well. It was one of the biggest turning points in my life. I had lost another person so close to me after that moment. Remember the day we decided to go our separate ways? It has killed me forever since. I was trying to hold back my tears for you, but the rain helped hide it. I never wanted to see you go. You're the best thing that has ever happened to me. I think back to that moment everyday, and it always becomes the clearer that I messed up. I needed you more than ever, and I just left. I'm so sorry, because I didn't realize that at that moment you needed me more than ever....

Words: 386 - Pages: 2

Premium Essay

Trait Theory Leaders

...Case Study 1=Do This At Once: Cancel the memo and don’t distribute any communication until firm plans have been made for the details of the layoffs and plant closures. - Apex shouldn’t send the memo because it’ll cause the employees to panic because there isn’t a firm plan in place. Set up a “manufacturing restructuring task force” to recommend that best way to consolidate operations and determine the disposition of the 1,000 excess workers from the plants at Stevens Mills and Grandview. -These are people the VP wants to keep because of they are valued and have tenure with the company. This division should be the first to be reassigned. Sell the problem that forced the changes. -You want to get the people on your side so they can understand the reason for the changes. Get the people on your side. Use the time the company spends in the neutral zone to redesign the whole business: strategy, employment, policies, and structure. -The company has remained stagnant for many years. They need to go through a organization change process. Get the CEO to make a public statement acknowledging the tardiness of the company’s response to the realities of the workplace. -His candid conversation might get the people on his side. Make it clear up front that the company is headed into a protracted period of change. -The employees need to have a clear idea what is going on. This will help them cope with the change. Explain the...

Words: 1227 - Pages: 5

Premium Essay

Bbc English

...Academic Listening - a series for students at English-speaking universities. Join Susan Fearn and members of the World Service class of 2001 for this programme that focuses on using the library. CLIP: Clare Woodhouse My name is Clare, welcome to University College London Library. We're in the Arts and Humanities Library at the moment… Susan: Clare Woodhouse works in a busy university library. CLIP: Clare Woodhouse On a typical day, on the issue desk when we first come out we empty the book bin - where you leave books after the issue desk is closed. So we return those first thing in the morning, switch on the computers, change the date stamps and then we open at 9.30, and students can come in from that point. Talk about English bbclearningenglish.com © BBC Learning English Page 1 of 7 Susan: Last time we thought about academic reading and at some of the different skills that can help you gather relevant material quickly and efficiently. But where do you start? Libraries contain thousands of books, on dozens of subjects. And they’re scattered - it sometimes seems at random - around a number of different rooms - and sometimes many different buildings … as this student has discovered. CLIP: Student At my University the Library is divided specifically in subjects, or in areas - because it's Oriental and African studies, so some of the areas are divided in South Asia, South East Asia, Africa, and then in other parts of the library the division is made of topics...

Words: 1947 - Pages: 8

Premium Essay

Interest Rate

...Interest rates are considered to be the price of holding money and the opportunity cost of any investment. After analyzing interest rates in our course do you think that interest rate in Egypt reflects the real opportunity cost of holding money? Why or why not? Please support your answer with all the references you have searched. Interest Rate is: The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. Interest is charged by lenders as compensation for the loss of the asset's use. In the case of lending money, the lender could have invested the funds instead of lending them out. That’s why interest rate should cover the opportunity cost of lending the money to the borrower. Also, interest rate should cover the inflation rate in the economy, as by time the lender receives the principal again due to inflation, the money will be of less value than when first lent to the borrower. So, if the interest rate doesn’t cover both the opportunity cost and inflation, it’ll be irrational decision to lend the money. For example, if the lender can invest in some real estate and construction projects with an average return of 10% & if inflation is 10%, then the interest rate should be more than 20% to be rational choice for the lender to lend the money. Interest rate in Egypt: (Lending Interest Rate) So, The lending interest rate is now at 9.75% annually, so, does this rate covers the inflation rate & opportunity cost of investing...

Words: 332 - Pages: 2

Premium Essay

How To Grow Your Hair Essay

...Internet for hours on end, seeking information for your natural child’s hair? Is your child’s hair experiencing dryness and breakage? Have you tried everything possible to get your child’s hair in peak condition, but still come up with mediocre results? Not to Worry. There’s Hope. At last! Everything you’ve ever wanted to know about natural hair for kids. In this step-by-step guide, you’ll get all of the trade secrets for getting lush, long and healthy natural hair for your child. Never before has there been a guide specifically devoted to the growth of kids with natural hair. You Can Grow Your Child’s Hair Too....

Words: 1344 - Pages: 6

Premium Essay

Blackheads Research Paper

...It's no secret that blackheads aren't an attractive or desired addition to a person's overall appearance. Thankfully, there are natural ways to work on decreasing the consistent production of blackheads. With the use of a good homemade mask, consistency and some natural ingredients, it's possible to keep those culprits at bay. How to Handle Blackhead Removal the Natural Way What are Blackheads? When dirt, sebum and oil get trapped in the pores, this produces blackheads. From the surface, blackheads look like black dots in the skin. As the oil hits the air, it oxidizes and turns black. This is why they are referred to as blackheads. If someone takes a tissue to squeeze the skin surrounding the blackhead, it'll ooze out of the pore. The...

Words: 1654 - Pages: 7

Premium Essay

The Ballot or the Bullet

...question tonight, as I understand it, is "The Negro Revolt, and Where Do We Go From Here?" or What Next?" In 4my little humble way of understanding it, it points toward either the ballot or the bullet. Before we try and explain what is meant by the ballot or the bullet, I would like to clarify something concerning myself. I'm still a Muslim; my religion is still Islam. That's my personal belief. Just as Adam Clayton Powell is a Christian minister who heads the Abyssinian Baptist Church in New York, but at the same time takes part in the political struggles to try and bring about rights to the black people in this country; and Dr. Martin Luther King is a Christian minister down in Atlanta, Georgia, who heads another organization fighting for the civil rights of black people in this country; and Reverend Galamison, I guess you've heard of him, is another Christian minister in New York who has been deeply involved in the school boycotts to eliminate segregated education; well, I myself am a minister, not a Christian minister, but a Muslim minister; and I believe in action 15 on all fronts by whatever means necessary.Skaber autoritet da han er en præst ligesom alle de andre frohedskæmpere, dog ikke Kristen, men dette har ingen indflydelse – vil kæmpe med alle midler også vold, hvis det er nødvendigt - ETOS Although I'm still a Muslim, I'm not here tonight to discuss my religion. I'm not here to try and change your religion. Er her for at skabe sammenhold, ikke sprede folket mere...

Words: 9246 - Pages: 37

Premium Essay

Life Sea Farer

...really tough. It's the where you have to deal and cope with the most changes, in your whole life. This transition from childhood to adulthood is smooth for some, but rough for others. The most important thing about being a teenager is responsibility. When you're a teenager, you get blamed for anything wrong you do, get grounded, punished, unlike before when you were a child, and you could get away with murder, and nobody could do anything about it! You can say goodbye to those days now!It's all not so bad about being a teenager though. Now you don't have to have your parents take you to somewhere you want to go, and somewhere you couldn't go before. You can go with friends and have fun, which you couldn't because all of you were too little to know what fun is! You can now go to amusement parks, parties etc. with friends, or even alone. It's a very enjoyable time of life, if you do the right stuff, and put thought into what you are doing. But with all good things, must come the bad. During this age, you are old and hopefully smart enough to understand what is good for you, and make decisions without consulting others. But with that comes risk, and nowadays, fun stuff are usually bad stuff.With the society turning for the bad as days pass, the teens are getting into all sorts of trouble with drugs and alcohol. Thirty years ago, drugs were something that older people never talked about and nor did they ever see. Alcohol was small thing that the good people such as churchgoers never...

Words: 597 - Pages: 3

Premium Essay

Absolutism And Existentialism

...We always can do anything and perfect things will change. Looking into past does reveal an existentialist part of me, as always, everyone in their life does have a crisis at some point of their lives saying "what is all this going to mean when I die?" and "why are we dong these things if it overall has no meaning?". I say we do it because even if we die, we die with more knowledge than the last generation, therefore the next generation off of that builds off of our idea and they pass with more knowledge than the last. See, our generation will leave off with an understanding and knowledge of say, technological devices, and various medical discoveries. People that hadn't lived past 2006 had passed without the knowledge of the first iPhone, not saying that Apple is the greatest innovation worth knowing its's the fact that things change all the time. So long story short, I love knowing about the past to make me feel good about our future, it gives me optimism in an extremely pessimistic world. You can never get bored of a civilization that is always changing or improving or the better or worse. I like to find things out, and I like seeing progress, or if not, I like seeing things change. I typed this all in a frame of a little less than an hour. I can go on and on for ages about change but due to the word count, I have to stop...

Words: 500 - Pages: 2

Premium Essay

Teenager

...really tough. It's the where you have to deal and cope with the most changes, in your whole life. This transition from childhood to adulthood is smooth for some, but rough for others. The most important thing about being a teenager is responsibility. When you're a teenager, you get blamed for anything wrong you do, get grounded, punished, unlike before when you were a child, and you could get away with murder, and nobody could do anything about it! You can say goodbye to those days now! It's all not so bad about being a teenager though. Now you don't have to have your parents take you to somewhere you want to go, and somewhere you couldn't go before. You can go with friends and have fun, which you couldn't because all of you were too little to know what fun is! You can now go to amusement parks, parties etc. with friends, or even alone. It's a very enjoyable time of life, if you do the right stuff, and put thought into what you are doing. But with all good things, must come the bad. During this age, you are old and hopefully smart enough to understand what is good for you, and make decisions without consulting others. But with that comes risk, and nowadays, fun stuff are usually bad stuff. With the society turning for the bad as days pass, the teens are getting into all sorts of trouble with drugs and alcohol. Thirty years ago, drugs were something that older people never talked about and nor did they ever see. Alcohol was small thing that the good people such as churchgoers...

Words: 597 - Pages: 3

Free Essay

Point of View

...mistakes, it is inevitable to not ever do so. There's been many moments in life where I've stood before an obstacle and didn't get it right the first try. Sometimes you would have to think it through, or seek assistance from others, And sometimes the answers right in front of you, and you've been looking in all the wrong places. Depending on the options you've chosen, determines the outcome it'll bring. One thing you should never forget to do, is if you're aware that you cant handle the situation alone, seek help from another. A person that you feel comfortable in helping you with the situation. As many, I've made the mistake of not reminding myself of seeking the help i needed. so in other words, it was something i wish i had remembered more of , when i was younger. As a kid, the age of 14, in middle school, i thought like every other hot-headed student, with the thought of being the toughest,the strongest, fastest, and smartest. i saw everything as a competition, always thinking of how to be better then someone, leaving out the similarities in which we would've related too, and focusing on how to be different, but in a spiteful way. At the time , i wasn't aware of the many possibilities i would've had if I'd just put my big ego aside and work with others. Filled with foolish pride and immaturity, i put myself in the position of a foot soldier, in other words, a follower. It took many lessons to be learned, until i realized you can never make a difference in a spiteful...

Words: 458 - Pages: 2

Free Essay

Assignment

...There are able to hear the waves of the sea. So before any natural disaster , animals can run to a safe place. Cattles become mad to lose free from their hopes. “ But do they understand allways? “ We feel the cold when the temperature becomes low. So they feel it naturally in other seas. There are other examples other than the Sri Lanka one.” “Why can’t people feel it?” “ I really can’t tell, it may be became humans gradually adopted an artificial life, away from the nature. This change walls a new species. 2 types of them would be a group who can’t feel anything beforehand without the use of instruments, and another would be a group who can feel it.” “ Can feel it? Who can feel it?” “ In an earthquake in the islands of Andaman, no none was hurt, despite the destination. Before the earthquake, the moved to another place. After the earthquake, they were asked about how they surprised them said that they feel it before it happened, but refused to fell the cirhired people how.” “Why not?” “ The wished not to.” “ Couldn’t they be found to tell?” “ When cirihired people can’t get something, they take it by force. Probably that’s why they returned to tell. They don’t care about the force by cirihire people.” “ Or may be, they don’t thing of us as crihird, as we are away from the torch of nature. And they think of themselves as crihird. That’s why they refuse to return us.” “ It may so be. But may be they would have done it if they got have instead of force.” Both of them went...

Words: 2194 - Pages: 9

Free Essay

The Book of Eli

...your concern." (Eli) "I want to come with you." (Solara) "No, you don't." (Eli) "I hate it here." (Solara) "Then change it." (Eli) "What was it like before?" (Solara) "People had more than they needed, people didn't know what was precious and what wasn't, people threw away things they kill each other for now." (Eli) "They say the war tore a hole in the sky, you've probably heard the stories." (Eli) "Yeah." (Solara) "The war tore a hole in the sky, the sun came down, burnt everything, everyone, I wandered, I didn't really know what I should do or where I was going. I was just moving from place to place, trying to stay alive. And then one day I heard this voice. I don't know how to explain it, it's like it was coming from inside me. But I could hear it clear as day. Clear as I can hear you talking to me now. It told me to carry the book west, it told me that a path would be laid out before me, that I'd be led to a place where the book would be safe. It told me I'd be protected, against anyone or anything that tried to stand in my way. If only I would have faith. That was thirty years ago and I've been walking ever since." (Eli) "And you did all this because a voice told you to?" (Solara) "I know what I hear, I know what I heard, I know I'm not crazy, I didn't imagine it." (Eli) "I need that book, I want that book, I want you to stay but if you make me have to choose I'll kill you and take that book." (Carnegie) "Why, why do you want it?" (Eli) "I grew up with that book...

Words: 692 - Pages: 3