Question: A 4-page response is required. For this Activity, you will expand your knowledge of management accounting through the completion of Internet Exercise 14-43 (p. 595)
A 4-page response is required.
For this Activity, you will expand your knowledge of management accounting through the completion of Internet Exercise 14-43 (p. 595)
on process costing at Land's End, La-Z-Boy and Tasty Baking Company.
The Internet provides a myriad of information about all types of organizations.
Use the information found at the company Web sites to respond to Questions #1, #2, #3 and #5 listed for this exercise.
In addition, address each companys current job-costing scheme. Web sites are provided below.
Lands End: www.landsend.com
La-Z-Boy: www.la-z-boy.com
Tasty Baking Company: www.tastykake.com
NOTE: Web site layouts may have changed since this course was developed. However, the information needed can still be found with a little research. For example, Lands End no longer has a General Information link on the left-hand side of the Web page as indicated in Question #1 of the Exercise. In this case, the About Us link found at the bottom of Web page hosts the original information. They updated their page and may do so again in the future.
For additional assistance with this Activity, refer to the Oakville Wooden Toys, Inc. Case discussion in Chapter 14 (pp. 569-570).
It provides a good example of a process costing system. Review steps 1-5 (p. 570) for the generation of a production cost report at this company. Also, see Exhibits 14-3 (p. 570)
and 14-4 (p. 572) to track the flow of goods and related costs through the cost management system at Oakville Wooden Toys, Inc.
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