Broadening Your Prospective Essay Example for Free

Broadening Your Prospective Essay 1. Compute the activity-based overhead rate for each activity cost pool. Activity-based overhead is determined by dividing estimated overhead by the estimated cost drivers. Activity cost Pool Estimated Overhead /Cost drivers=ACB Overhead Rate Market analysis 1,050,00015,000$70 Product Design2,350,0002,500$940 Product development3,600,00090$40,000 Prototype testing1,400,000500$2,800 2. How much cost would be charged to an in-house manufacturing department that consumed 1,800 hours of market analysis time, was provided 280 designs relating to 10 products, and requested 92 engineering tests? The total charged to an in-house manufacturing department would be $1,046,800. This dollar amount is determined by multiplying the overhead rates of each activity to the amount consumed for that activity and added together for a total. (1,800*70= 126,000), (280*940=263,200) (10*40,000=400,000), (2,800*92=257,600) 3. How much cost would serve as the basis for pricing an R&D bid with an outside company on a contract that would consume 800 hours of analysis time, require 178 designs relating to 3 products, and result in 70 engineering tests? $539,320 would serve as the basis for pricing an R&D bid with an outside company because that dollar amount is the breakeven point. (800*70=56,000), (178*940=167,320), (3*40,000= 120,000), (70*2,800=196,000) 4. What is the benefit to Ideal Manufacturing of applying activity-based costing to its R&D activity for both in-house and outside charging purposes? The benefit to Ideal Manufacturing of applying activity-based costing to its R&D activity for both in-house and outside charging purposes is it will allow the company to gain control of the operating costs of the department. Activity-based costing allows a company to appropriately assign overhead head cost. For example, Ideal manufacturing activities fell into four pools and activity-based costing helped the company to properly allocate its overhead dollars. Under using or over using overhead dollars means the company has to supplement those funds from or to another activity which is a waste to the company. The basis of activity-based costing is to assign cost only to those activities of a product that is actually using the activity in essences cutting costs. This is not only a benefit to Ideal Manufacturing but to any company that is looking to become more efficient and effective. Broadening Your Prospective. (2016, Apr 26). r-prospective-essay We will write a custom sample essay on Broadening Your Prospective specifically for you

ETHICS AND FINANCIAL SERVICES Essay Example | Topics and Well Written Essays - 1000 words

ETHICS AND FINANCIAL SERVICES - Essay Example The asbestos inhaled by the workers during production caused asbestosis, chronic disease of the lungs (Upadhyay 2009). Asbestos is a mineral that is an extraordinary useful commercial property. It was used in construction sites, power plants, government projects and of most important was the building of ship. In fact, the James Hardie Industries (JHI) was known to have the largest labour force, which over saw its use in the production of fibre cement in Australia. Through this, workers started experiencing asbestosis after a certain period of time and complains arose on the claims for compensation for attracting the disease (Larson 1977) It was about this time that James Hardie faced a suit by the workers due to his ignorance on their pleas. His group sought to depress the issue by settling the cases through the establishment of a Medical Research and Compensation Foundation (MRCF), which was supposed to handle claims and payments of asbestos poisoning from its products. However those who were given the mandate to manage the research assumed a consistent position that the assessment of the asbestos liabilities at all the relevant times was adequate, with unrelated legal entity for which it had no responsibility (Sneyd 1994). Soon the foundation was rendered under-funded with A$293 million where an estimate of $2.2 B was required and this became a major public issue with the merging of various victim groups, politicians, and media personalities among other supporters who were pushing for intervention from the government. In response to their demand, an inquiry was set to investigate the Jack Hardie group. As a result, Larson 1977 argues that the MRCF was instructed by the government to offer adequate compensation for all the future asbestos victims who had worked at the James Hardie Industries (JHI). Due to extreme pressure from the government and the public, James Hardie

Trash Management and Environment Health Essay Example | Topics and Well Written Essays - 750 words

Trash Management and Environment Health - Essay Example Some wastes are hazardous not only because they contain harmful substances but because they may contain pathogenic microorganism. Wastes containing pathogenic microorganisms are referred to as infectious wastes. Infectious wastes are particularly dangerous since the pathogens can gain access inside the body using various routes. Health care waste can transmit human immunodeficiency virus (HIV) through improperly disposed contaminated syringe and needles. Improperly disposed sharps can also becomes sources of pathogen as the pathogens can temporarily harbor in sharps. When someone is injured by sharps it can potentially cause diseases. Another types of hazardous waste associated with health care is the genotoxic waste. They can be extremely irritating and harmful effects can be felt immediately after direct contact with skin or eyes. Antineoplastics such as alkylating agents can be considered cytotoxic at any point in the cell cycle (World Health Organization, 2008). Another hazardous waste are the chemicals and radioactive substances. Case studies in various states from 2001 to 2005, revealed the negative effects of improper disposal of hazardous wastes. In August 2001 in Wisconsin, an improperly disposed hydrochloric acid caused chemical burns to the sanitation truck driver. More than that, the residential area was also exposed to the chemical since 1 gallon of the hazardous substance was released. Similar incident took place in New York in June 2004. In June 2002 in Washington, an illegitimate methampetamine laboratory disposed of a hydrochloric acid in an apartment building dumpster. A sanitation worker who got exposed to the hazardous substance sustained a respiratory irritation when they dumped the hydrochloric acid back into the truck. In March 2003 in Colorado, an unknown quantity of a radioactive waste was disposed of by a hospital employee in a dumpster. When it was later picked up by a garbage truck, the contents activated radiation d etectors at the landfill. No one was injured in the incident but restrictions were placed in the landfill until the radioactive waste was removed (Morbidity and Mortality Weekly Report, 2005). Nitrate is another chemical which should be avoided however the worse part is that it can still get access to homes via drinking water. Although we are constantly exposed to nitrates because it is usually present in foods and our body requires a certain amount of nitrate. Aside from food however, nitrates are main components of most fertilizers hence there is a huge possibility that it may come in contact with the ground water should leakage of the chemical occurs. Since we may be exposed to this chemical through our drinking water, the United States Environmental Protection Agency (USEPA) has set an allowable limit of nitrates in the drinking water for it to be rendered safe for public consumption. When nitrate level is higher than 10 mg/L it can pose a serious health threat particularly to infants, pregnant and nursing mothers. The reason why excessive amount of nitrate should be avoided is that it has the ability to interfere with blood's function as supplier of oxygen to vital t issues in the body. This is especially harmful to infants as it can cause a blue baby syndrome. Gastric and bladder cancer are also risks that can be developed by