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Category Archives: Cost Drivers
ABC is really outdated anyway-right?
A couple years ago, Bill, Jennifer, and myself became acquainted with Doug Hicks. Doug is a consultant who often talks about Activity Based Costing (ABC). Bill decided to ruffle Doug’s feathers a bit and one of the early questions he … Continue reading
Posted in Cost Drivers
Tagged abc, accountants toledo, activity based costing, cost accounting standards, cost drivers, cost theories, cpa toledo, Doug Hicks, manufacturing proceesses, manufacturing process, maumee cpa, standard cost, standard cost system, standard costing, standard costing system, standards in accounting, william vaughan, William Vaughan Company
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Labor Standards: what should be included and what should not be, that is the question?
Not long ago, I was having a conversation with a cost manager concerning what should be included in labor standards for the purposes of costing products. In order to measure a company’s output, as well as computing what the cost … Continue reading
Posted in Cost Drivers, Overhead Allocations
Tagged calculate labor cost, calculating labor cost, cost of materials, direct labor cost, direct labor overhead, labor cost accounting, labor costs, labor overhead, labor standards, manufacturing overhead allocation, production measurement, standard costing and variance analysis, standard costing system, william vaughan, William Vaughan Company
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Worst Cost Accounting System I Ever Saw…
Very early on in my public accounting career I was given the assignment of a assisting a small closely held manufacturer. Not only did I facilitate their compliance work, but I also helped them improve their overall operations of the … Continue reading
Posted in Building the Cost System, Cost Drivers, Monitoring & Reporting, Reconciliation
Tagged advantages of cost accounting, cost accounting, cost accounting articles, cost accounting resources, cost accounting system, cost standards, costing methods, cpa toledo, importance of cost accounting, maumee cpa, standard cost variances, standard costing, william vaughan, William Vaughan Company cost forum
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Yet another example of I am making money-all is fine-right?
One of our recent assignments related to job costing, concerns a manufacturer that was producing a relatively narrow line of products and had been very successful over the years by limiting their products to a niche that they thoroughly understood. … Continue reading
Don’t take the easy way out
I read with great interest and approval, Sandy Richardson’s blog entitled “Measure What’s Important, Not What’s Easy”. That has been a theme that I have constantly used with my clients as we have attempted to sort out what sort of … Continue reading
Comatose…the accountants who outsourced America to China……
A view from the other side A few months back I wrote about the Chrysler GEMA plant in my backyard, Dundee, MI. My husband works there, so I am always hearing the latest news, generally more than I want to … Continue reading
Just take a minute and step back
I must admit as I sit here and write this I am feeling a little bit stressed. In my profession of public accounting and consulting the summer is when I am less busy so I get to do what I … Continue reading
Posted in Building the Cost System, Cost Drivers, Costing
Tagged buidling costing system, costing
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Error Proof Yourself
As part of my job, I often am able to be privy to my clients’ many uses of spreadsheets. As a matter of fact, many of the costing systems I work on have been developed around spreadsheets. Unfortunately, my experience … Continue reading
Posted in Budgeting, Cost Drivers, Reconciliation
Tagged errorproofing, excel, pivot table, spreadsheets
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