article review for managerial accounting

article review for managerial accounting Article example
Undergraduate
Article
Finance & Accounting
Pages 4 (1004 words)
Download 0
Article Review for Managerial Accounting Biolea – Its Operations Biolea, an entity or a company of Greece, holds the mission of combining innovation with traditional heritage to promote sustainable tourism. Biolea is engaged in the field of Olive oil production and is dedicated to provide uncompromised nutritional value of Olive oil to their customers…

Introduction

Biolea believes in self-reliance and innovation. Biolea’s operations are based on solid scientific methods of agriculture of Olive groves in Crete and provide an untainted quality of olive oil to its customers. Biolea’s range of products includes olive oil, and its varieties like Lemonio, Nerantzio. Biolea also supports agro-tourism, wild life, and renewable energy. Fixed Cost, Variable Cost and Mixed Cost – Examples and Their Significance For running its business operations, Biolea incurs fixed cost, variable cost as well as mixed cost. Fixed cost of Biolea would include cost of salaries of supervisors, depreciation of factory machines, etc. Variable costs of Biolea would include cost of olive groves, cost of shipping the olives. Mixed cost includes cost of supervisory salaries for varying levels of production, cost of natural gas for varying levels of production of olive oil. ...
Download paper
Not exactly what you need?

Related papers

Managerial Accounting
This money would be classified as cash until the salaries are actually paid. At that point, salaries would come upon a specific salary section on the balance sheet or may even be considered a business expense and taken of the balance sheet altogether. 2) a) The predetermined overhead rate for the year is $5 per direct labor hour. (Manufacturing Overhead/ Direct Labor-hours) ($80,000/ 16,000) = $5…
Managerial Accounting
The balanced scorecard method comprises of four different perspectives like, customer perspectives, financial perspectives, innovation and learning perspective and lastly the internal business process perspective. By the implementation of these perspectives the balance scorecard captures the lagging and the leading indicators which gives a balanced notion over the performance of the organisation.…
article review for managerial accounting
This is because some of the expenses can be reduced by use of direct labour instead of using machines. The allocation of overhead does not only lead to faulty choices in a business, but it assists managers to know which products to continue producing and which it should stop producing. This has been further elaborated by the use of Activity Based Accounting (ABC), which basically shows how to deal…
article review: Accounting Fraud at worldcom
As the E/R ratio imbalance kept increasing, the managers sought to cook the books so as to prevent investors and government from getting the consistent results. 1. Case Summary WorldCom, the Nation’s second largest long distance Telecommunications Company filed for bankruptcy protection on July 21st 2002 revealing that it had overstated earnings in 2001 and the first quarter of 2002 by more than…
Article review and summary
Conceptual model have been proposed to evaluate the performance of the CFO for making compensation decisions. Earlier it considers the quantitative financial performance measures and the managerial duties of the CFO but now it also considers fiduciary duties of the CFO in the post Sarbanes-Oxley Act (SOX) era towards the judgment of CFOs compensation. Conceptual model also takes into account two…
article review for managerial accounting
Therefore, EVA can also be described as after tax profit less annual total cost of capital. Corporate groups and divisions that do not use EVA may not get the true picture of how much capital is tied up or the cost implications the capital bears. Although borrowed capital’s cost is reflected in the interest expenses of a company, equity capital’s cost is not shown in any of the financial…
Managerial Accounting
Initially, they started off with producing high quality record players which attracted customers belonging to a certain age group but gradually they shifted into producing technologically advanced products such as CD players, MP3 players and USB turntable. This helped the company to reach a wider customer base, rather only a younger one. This indicates that their primary strategy was to achieve a…