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Finance and Accounting Assignment
Finance & Accounting
Pages 6 (1506 words)
Week 8 Assignment Table of Contents Table of Contents 2 Introduction 3 Thesis Statement 3 Allocation of Costs 4 Benefits of Activity Based Accounting and Activity Based Management 5 Impact of Standardized Costing and Inventory Costing Methods on the Financial Reporting 7 Influence of Product Costing Variances on Operational and Business Decisions 9 Conclusion 10 Works Cited 11 Introduction One of the leaders in global automotive industry, Ford Motor Company manufactures and distributes automobiles across six continents.
Irrespective of such disruptions, in the year 2011, Ford completed its consecutive three years of earning profit in relation to its operating costs and, therefore, announced the payment of dividends to its valued shareholders in five years, which, in turn, has significantly motivated the company to preserve its financial efficiencies in the long run (Ford Motor Company). Thesis Statement The report will analyze various divisions and departments of Ford where costs are allocated currently. Furthermore, it will provide recommendations based on the importance of divisions and departments about effective allocation of costs. Allocation of Costs The automobile industry is facing continuous challenges due to the increasing fuel prices, uncertain economic conditions prevailing in the international arena, rising commodity prices and the growing need to reduce CO2 emissions in order to protect the environment. ...
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