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      <title>Helping Oliver - Group 3 by Shannon Butler</title>
      <link>https://padlet.com/shannon_butler1/vgufr5moiv8v</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2017-08-04 03:36:13 UTC</pubDate>
      <lastBuildDate>2025-09-30 10:59:20 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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      <item>
         <title>Helping Oliver with Chapters 19 &amp;amp; 21</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100663</link>
         <description><![CDATA[<div>Hey Oliver!<br>Here are all our responses for this weeks questions in one handy document! Judy has a great PDF attached to one of her posts and a good big picture review video to take a look at :) </div>]]></description>
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         <pubDate>2017-08-04 03:36:13 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100663</guid>
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      <item>
         <title>EOQ Graph Interpretation</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100672</link>
         <description><![CDATA[<div>Hi Oliver! In case you're more of a visual learner rather than a technical one, I've attached a graph below which represents EOQ. The green curve represents the total cost, the blue line represents carrying cost, and the pink curve represents ordering cost. EOQ is represented on this graph as the point where the Ordering Cost and Carrying Cost lines intersect. Coincidentally, this point on the x axis is also the point in which the Total Cost curve as at it's lowest.<br><br>In this example, by having an order quantity of 80, you are sure to minimize your total costs, at $700. If the order quantity is chosen anywhere outside of this number, your total costs would be higher. Therefore, this is why in this example, an order quantity of 80 is known as the Economic Order Quantity.</div>]]></description>
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         <pubDate>2017-08-04 03:36:13 UTC</pubDate>
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         <title></title>
         <author>shannon_butler1</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100678</link>
         <description><![CDATA[]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100678</guid>
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         <title>Oliver&#39;s Help</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100682</link>
         <description><![CDATA[<div>Hey Oliver, I have compiled one document for you to use that has all of our group's examples/explanations/definitions on it for you to use. Enjoy!</div>]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100682</guid>
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         <title>CH 18 Accounting for Spoilage</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100691</link>
         <description><![CDATA[<div>Hi guys! I found slides that could help for CH18. It summarizes accounting for Spoilage, Rework, &amp; Scrap using simple numbers as examples. That way you can get a basic understanding of how the number works. It also includes journal entries. What I really like is that it walks through the 5 steps for process accounting for both weighted average and FIFO.&nbsp;<br>Recall the 5 steps are: Summarize the flow of physical outputs,&nbsp; computer output in terms of EU, summarize total cost accounted for, compute cost per EU, Assign total cost to: Units completed, Spoiled Units, and units in EI WIP</div>]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
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         <title></title>
         <author>shannon_butler1</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100697</link>
         <description><![CDATA[]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
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         <title>Feedback...</title>
         <author>shannon_butler1</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100703</link>
         <description><![CDATA[]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100703</guid>
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         <title>Helping Oliver: Week 3</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100714</link>
         <description><![CDATA[<div>Just to further enhance what was taught this past week about variable and absorption costing:<br><strong>Absorption (Full) Costing</strong></div><div>• Product costs are capitalized -&gt; all variable and fixed manufacturing costs are included as inventoriable costs</div><div>• Period costs are expensed -&gt; all variable and fixed non-manufacturing costs are classified as period costs</div><div><strong>Variable (Direct) Costing</strong></div><div>• Product costs are capitalized -&gt; only variable manufacturing costs are included as inventoriable costs</div><div>• Period costs are expensed -&gt; all fixed costs and all non-manufacturing costs are classified as period costs<br><br>One of the most helpful things I found from the week was the breakdown between the two kinds of income statements which helped to show what is explained above. <br>The difference that comes in income between the two kinds of costing is from the FOH that is <strong>applied </strong>to beginning and ending inventory in absorption costing - because none of the fixed costs are part of COGS in variable costing.<br><br></div>]]></description>
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         <title></title>
         <author>shannon_butler1</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100727</link>
         <description><![CDATA[]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
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         <title>Chapter 6: Question 1 </title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100734</link>
         <description><![CDATA[]]></description>
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         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100734</guid>
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         <title></title>
         <author>shannon_butler1</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100747</link>
         <description><![CDATA[]]></description>
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         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100747</guid>
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         <title>Chapter 5 Question</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100758</link>
         <description><![CDATA[<div>I found that problem 5-30 on the textbook explains is a great example for demonstrating how ABC costing system can be better than the tradition costing system. By switching to ABC system, the company would have a decent amount of reduction in overhead cost assigned to the contracts and would help company to win the bid over the competitors in the market. Using a single cost allocation rate causes the company over-allocating unnecessary overhead cost to the contract, increase the overall budget and furthermore lose the competition in the market.<br><br></div>]]></description>
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         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100758</guid>
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         <title>Chapter 4 Question</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100773</link>
         <description><![CDATA[<div>Hopefully this helps Oliver with over and under applied overhead! There are some links to websites that give good definitions of the terms, and a super small example.   Feel free to add anything! :) </div>]]></description>
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         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100773</guid>
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         <title>Ch.5 Question</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100788</link>
         <description><![CDATA[<div>Hey guys, so I got the ball rolling with the chapter 5 question, please feel free to add any info to it! Also anyone got any suggestions for companies that can use ABC ? Ou, I also found that on pg. 135 it really explains the over costing and under costing, with that restaurant example!</div>]]></description>
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         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100788</guid>
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         <title>Oliver&#39;s First Question!</title>
         <author>shannon_butler1</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100803</link>
         <description><![CDATA[<div>Oliver came to my office today for some help... please watch the video and work together to help him!  Here is a summary of his questions: <br>CH 4: understanding conceptually why there ends up being over or under applied OH (walk through the process)<br>CH 5: Difference between traditional costing and activity based costing &amp; examples of companies that would use ABC.</div>]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100803</guid>
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         <title></title>
         <author>shannon_butler1</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100816</link>
         <description><![CDATA[]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100816</guid>
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         <title>Helping Oliver this week</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100833</link>
         <description><![CDATA[<div>Hey guys! Lets break up the questions again! I'll send out another email as that seemed to work last time! Let me know if you want to do a particular part and I'll add your name to it! Chapter 19:</div><div>1.&nbsp; &nbsp; &nbsp; &nbsp;Explain EOQ –covered by: Emma C.</div><div>2.&nbsp; &nbsp; &nbsp; &nbsp;Example –covered by: Dzmitry</div><div>3.&nbsp; &nbsp; &nbsp; &nbsp;Example –covered by:Dzmitry</div><div>&nbsp;</div><div>Chapter 21:</div><div>1.&nbsp; &nbsp; &nbsp; &nbsp;Describe the 3 transfer pricing methods –covered by: Bruke R.</div><div>2.&nbsp; &nbsp; &nbsp; &nbsp;Explain when each transfer pricing method should be used –covered by: Molly Halpin</div><div>3.&nbsp; &nbsp; &nbsp; &nbsp;Calculating Minimum transfer price –covered by: Robert</div><div>4.&nbsp; &nbsp; &nbsp; &nbsp;Calculating maximum transfer price –covered by: Xinyi</div><div>5.&nbsp; &nbsp; &nbsp; &nbsp;Example Min TP –covered by: Judy</div><div>6.&nbsp; &nbsp; &nbsp; &nbsp;Example Max TP–covered by: Judy&nbsp;</div>]]></description>
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         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100833</guid>
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         <title>Chapter 18 Example Continued</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100847</link>
         <description><![CDATA[<div>Oliver, please refer to the following links for more real-life applications of spoilage and rework. They thoroughly explains the process, with examples that further build upon the points made.<br><br><a href="http://www.dummies.com/business/accounting/cost-accounting-job-costs-for-spoilage-reworked-products-and-scrap/">http://www.dummies.com/business/accounting/cost-accounting-job-costs-for-spoilage-reworked-products-and-scrap/</a><br><br><a href="http://www.dummies.com/business/accounting/cost-accounting-how-to-allocate-rework/">http://www.dummies.com/business/accounting/cost-accounting-how-to-allocate-rework/</a><br><br>After looking at the previous two links and absorbing their content, you are ready to move on to a more technical example. The following link will show you how to apply the knowledge in a technical accounting work problem involving spoilage, rework, defective units, and the like:<br><br><a href="http://www.dummies.com/business/accounting/cost-accounting-equivalent-spoilage-included-and-excluded/">http://www.dummies.com/business/accounting/cost-accounting-equivalent-spoilage-included-and-excluded/</a><br><br><br></div>]]></description>
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         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100847</guid>
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         <title>Chapter 18 Example</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100860</link>
         <description><![CDATA[<div>Oliver, all this technical information might confuse you a little, so let me give you a real life example of the concepts involved in this chapter.<br><br>Imagine you are running a cake-baking business. Daily you expect that out of the 1000 cakes that are baked, 10 of them will break naturally despite your perfected process. Those 10 are part of normal spoilage, as it will occur even in the best production environments. Although they cannot be sold, their costs must still be accounted for by spreading them throughout the goods sold.<br><br>If however one day your ovens are not as efficient as they have not been properly taken care of, and 50 cakes that day do not turn out, then those ones will be abnormal spoilage. They could have been avoided, but due to improper care, they are incurred. This type of spoilage is accounted for&nbsp;in the Loss for Abnormal Spoilage account.</div>]]></description>
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         <title>Chapter 17</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100866</link>
         <description><![CDATA[<div>Hi, Oliver, so the basic definition of Transferred-in Costs is the costs that are incurred in the previous departments that are carried forward to the next process in the production cycle. <br>And if there is only one department in a company, this department wouldn't have any transferred-in costs. If there is more than one department, the first department start to generate transferred-in costs. <br>I attached a link of definition of Transferred-in Costs below, I hope it would help.<br><br>Besides the walk through videos posted on culearn, I founded two useful videos, one is weighted average process costing with transferred-in costs (<a href="https://www.youtube.com/watch?v=2vX4CCcVbCo">https://www.youtube.com/watch?v=2vX4CCcVbCo</a>) and another one is FIFO process costing with transferred costs. (<a href="https://www.youtube.com/watch?v=_H22Zw0KI1M">https://www.youtube.com/watch?v=_H22Zw0KI1M</a>)<br><br></div>]]></description>
         <enclosure url="http://www.investopedia.com/terms/t/transferred-in-costs.asp" />
         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
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         <title>Let&#39;s Help Oliver</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100878</link>
         <description><![CDATA[<div>Hey guys! Lets break up the parts of this week's questions and I can compile and post one document for Oliver on Friday! We don't want him to wait too long and we can improve our grade a lot by working together more and answering faster.<br>I thought we could break up this weeks question as follows:<br>Chapter 17: - Xinyi&nbsp;and Rob/Bobby<br>1. Transferred costs + beginning inventory&nbsp;<br>2. Big picture overview of how it works&nbsp;<br>3. Examples (2)<br>Chapter 18:<br>1.&nbsp; What is Spoilage and Reword (Definition) - Molly Halpin<br>2.&nbsp; Accounting for spoilage and rework in a job costing system - Bruke<br>3. Examples (2) - Dzmitry<br><br>If you are working on an answer to a part post a comment and I'll put your name beside it so we don't have multiple answers and no one is doing extra work!&nbsp;</div>]]></description>
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         <title>Helping Oliver: Week 3 Example</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100888</link>
         <description><![CDATA[<div>Let's take a look at how the concepts of Absorption and Variable costing would apply in a real life situation! Take ABC Inc for example, which manufactures and sells 10,000 units of their best selling product every year. The cost of 1 unit of this product consists of:<br><br>$10 per unit in Direct Materials,<br>$10 per unit in Direct Labor,<br>$5 in Variable Manufacturing Overhead.<br><br>Additionally, the company incurs $30,000 of Fixed Manufacturing Overhead per year. Under Absorption costing, the unit product cost would be $28:<br>&nbsp;<br>$10 per unit in Direct Materials,<br>$10 per unit in Direct Labor,<br>$5 in Variable Manufacturing Overhead,<br>$3 in Fixed Manufacturing Overhead per Unit (30k/10k)<br><br>However under Variable Costing, the unit product cost would be $23 (same as above, except there is no Fixed Manufacturing Overhead per Unit). The difference here is that fixed manufacturing overhead would not be allocated on a per-unit basis in the Variable Costing method, but rather would appear as a total Fixed Costs figure after Contribution Margin has been calculated. Both methods account for fixed costs; the only difference is where it is shown in their respective income statements.</div>]]></description>
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         <title>Variances</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100899</link>
         <description><![CDATA[<div>The variances can be a little confusing because they are all quite similar. Variances are just measuring the differences between two things. The key to understanding these variances is looking at the title because the title can help show you what two items you are trying to find the difference between.<br>I found this video on YouTube to help you with your 4th question about overhead variances - especially fixed overhead. He does a pretty good job at explaining the overhead variance and giving an example to go along with it.&nbsp;<br>For a little additional help with the other variances you can go to his page on YouTube and look at videos 10.3 - 10.7 :)<br>Hope this helps Oliver!</div>]]></description>
         <enclosure url="https://www.youtube.com/watch?v=Gcu4pJ2UohU" />
         <pubDate>2017-08-04 03:36:14 UTC</pubDate>
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         <title>Hey guys, my name is Lindsay! I&#39;m from Ottawa, born and raised, I&#39;m in my 4th year, and I&#39;m looking forward to working together this semester :)</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100908</link>
         <description><![CDATA[]]></description>
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         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100908</guid>
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         <title>Helping Oliver</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100915</link>
         <description><![CDATA[<div>Hey Everyone, good job at dividing up the question and answering it as a team! I also like the visuals you've brought in, keep up the good work!</div>]]></description>
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         <title>EOQ Practice</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100929</link>
         <description><![CDATA[<div>Oliver, if you feel comfortable with EOQ, you can practice the subject by attempting questions 2,&nbsp; 4, 5, 6, and 8 of the following quiz!<br><br><a href="http://www.proprofs.com/quiz-school/story.php?title=acca-f2-accounting-for-materials">http://www.proprofs.com/quiz-school/story.php?title=acca-f2-accounting-for-materials</a></div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100929</guid>
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      <item>
         <title>EOQ Practical Example</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100940</link>
         <description><![CDATA[<div>Hi Oliver! Let me give you an example of how EOQ can be applied. Imagine that your friend Ronald runs a business that produces and ships televisions. Every year, there is a demand for 10,000 televisions. The applicable holding cost per unit is $5, and the cost of placing an order for at TV is $30. Let's put that into the EOQ formula:<br><br>EOQ = sq.rt (2DP/C)<br>EOQ = sq.rt (2*10,000*30/5)<br>EOQ = 346.41 = 346<br><br>We now know that the economic order quantity is 346, but what does that mean? It means that 346 is the order quantity that minimizes the total holding and ordering costs for the year. In turn, by minimizing the inventory to the quantity found, the company will save money which could be used to invest in other ventures, improved equipment and facilities, and more.</div>]]></description>
         <enclosure url="" />
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         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100940</guid>
      </item>
      <item>
         <title>Min/Max TP Examples</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100949</link>
         <description><![CDATA[<div>A bit more complex in terms of my previous post for Min TP (Pg 9)<br>Here are some steps to follow to help: 1)Find CM lost on outside sales <br>2) Allocate total lost CM to units requested <br>3) Then find your Min TP<br>The Max TP is also stated in the example, which is basically how much the buying division is willing to pay externally (Pg 9)<br>-Within these pages, it also shows how the different methods of finding TP can effect Net Income (Pg 6)</div>]]></description>
         <enclosure url="http://www.cga-education.org/2009-10/ma2/0910/module06.pdf" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100949</guid>
      </item>
      <item>
         <title>EOQ</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100955</link>
         <description><![CDATA[<div>Hi Oliver, I'm here to help you understand what exactly EOQ is. <br><strong>Definition</strong><br>The economic order quantity (EOQ) is the order quantity that minimizes total holding and ordering costs for the year; it helps us to calculate the optimal quantity of inventory to order under a given set of assumption. Assumptions are needed because EOQ is just a model to follow off of, it won't be exact to the circumstances of any company, however, even if all the assumptions don’t hold exactly, the EOQ gives us a good indication of whether or not current order quantities are reasonable.&nbsp;<br><strong>Assumptions</strong><br>- Same quantity is ordered each time<br>- Demand, lead time, ordering and carrying costs are certain<br>- Quantity ordered does not affect the per unit cost<br>- No stock outs<br>- Cost of quality and shrinkage are only considered if they effect ordering or carrying costs<br><strong>Formula</strong><br>Make sure you follow this formula, Oliver! I found a few different formulas over the internet, but this is the one for this class!<br>EOQ = sq.rt. (2DP/C)<br>D is demand in units<br>P is ordering costs per purchase order<br>C is carrying costs of one unit in stock<br>I hope this helps you some Oliver! Just remember that EOQ is a helpful model that businesses use to make decisions on how much they should be ordering in order to reduce costs!</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100955</guid>
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      <item>
         <title>Example of Min Transfer Price</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100960</link>
         <description><![CDATA[<div>From the slides from Shannon, you found out that there are a few ways to calculate the TP(Ex. cost-based:VC, Full absorption cost,etc). However, the generic way of calculating the [Min TP = VC + Opp Cost of making the sale internally]. &nbsp;<br>At this site, you can find an example with simple numbers to get an easier understanding of the formula; where opp cost becomes important to keep watch when there is no idle capacity. (Find the sub heading,"Review Problem 11.8")</div>]]></description>
         <enclosure url="http://catalog.flatworldknowledge.com/bookhub/reader/4402?e=heisinger_1.0-ch11_s08" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100960</guid>
      </item>
      <item>
         <title>Transfer Pricing BP</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100972</link>
         <description><![CDATA[<div>Hi everybody, here is small animation of the idea of TP and its importance.</div>]]></description>
         <enclosure url="https://www.youtube.com/watch?v=IvXQ0QwbyII" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100972</guid>
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      <item>
         <title>Maximum Transfer price and Example</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100979</link>
         <description><![CDATA[<div>In the Negotiated Transfer Prices, there is a range of acceptable transfer price and the maximum is the upper limit which is determined by the buying division. There is no any certain formula for the Maximum Transfer Price and it is whatever the buying division would like to pay externally. <br>For example, from the website: <a href="http://www.managementaccountingmastery.com/cima-p3-how-to-calculate-a-transfer-price-matts-complete-guide/">http://www.managementaccountingmastery.com/cima-p3-how-to-calculate-a-transfer-price-matts-complete-guide/</a><br>If there is a same diesel engine, and it  could be bought on the open market for 800,then 800 is the maximum amount buyers would like to pay.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100979</guid>
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      <item>
         <title>Chapter 17 Example</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100985</link>
         <description><![CDATA[<div>It's so great to see everyone working together to help Oliver out this week! Here's an example I found that I hope helps you out a bit more with process costing, Oliver. What I found really cool about this example is that it goes back to a lot of basic accounting before getting into the actual process of process costing. It's interesting to see how journal entries and the calculations all fit in together. <br><a href="https://www.cliffsnotes.com/study-guides/accounting/accounting-principles-ii/traditional-cost-systems/process-cost-system">https://www.cliffsnotes.com/study-guides/accounting/accounting-principles-ii/traditional-cost-systems/process-cost-system</a></div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100985</guid>
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      <item>
         <title>Helping Oliver 2 - Standard/Normal Cost</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100995</link>
         <description><![CDATA[<div>This can be quite tricky, but I tend to think standard cost, as your"budgeted" cost.&nbsp; Therefore like in previous practices, all manufacturing cost are applied based on predetermined rates for prices and quantities(DM, DL, &amp; MOH). Since these calculation are estimates of cost, the difference between the applied and actual cost is none other than your variance we calculate.&nbsp;<br>Normal costing uses actual cost for DM, and DL. However, the Overhead is charged based on the predetermined overhead rate. &nbsp;Hopefully this will help.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180100995</guid>
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      <item>
         <title>Helping Oliver Question 2</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101002</link>
         <description><![CDATA[<div>Hey everyone, good job so far at starting to answer the question.  Remember the earlier you can answer it the better for Oliver as he is still confused about the material.  Emma had a good solution to effectively answer the question as a group so maybe try giving that a shot!</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101002</guid>
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      <item>
         <title>Helping Oliver: Week 2</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101010</link>
         <description><![CDATA[<div>Hey guys! Oliver posed some questions to us 5 days ago and we still haven't helped him out! I think we need a game plan on how to answer some of these questions. He's looking for help on chapter 7 and 8, so I think some people should tackle the definitions to help Oliver understand what it is we're looking at right now, some people should tackle the real world examples, and then some should tackle looking up some explanatory videos on Youtube!<br>I hope we can all help Oliver with these questions before he gets too far behind!<br>And Bruke! Good job on getting a head start on the static and flexible budget question from Oliver :)</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101010</guid>
      </item>
      <item>
         <title>Examples of ABC</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101016</link>
         <description><![CDATA[<div>Manufacturing is more suitable using ABC than traditional methods, and more health care providers engaged in ABC. </div>]]></description>
         <enclosure url="http://yourbusiness.azcentral.com/types-businesses-activitybased-costing-28437.html" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101016</guid>
      </item>
      <item>
         <title>Helping Oliver Q1</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101025</link>
         <description><![CDATA[<div>The process to allocate overhead is using an estimate which in the end of a period is not going to match the exact actual overhead, and that's why being under or over applied overhead.&nbsp;And here is a helpful link below. </div>]]></description>
         <enclosure url="http://www.accountingformanagement.org/over-or-under-applied-manufacturing-overhead/" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101025</guid>
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      <item>
         <title>Helping Oliver Question 1</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101029</link>
         <description><![CDATA[<div>Hey guys, great job so far at answering the question!  I like how you've brought in links from other websites as well as have examples with numbers which help explain the content even further.  Make sure that all group members are trying to contribute something to help each other out when answering the questions. Keep up the good work!</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101029</guid>
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      <item>
         <title>ABC Companies</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101033</link>
         <description><![CDATA[<div>Pratt and Whitney (engine manufacturing) uses ABC to more accurately apply their overhead.  </div>]]></description>
         <enclosure url="http://www.3csoftware.com/clients/success-stories/success-story-pratt-whitney/" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101033</guid>
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      <item>
         <title>Chapter 5 Note</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101037</link>
         <description><![CDATA[<div>Along what Chenyi said, using a single overhead rate can cause products to be over or under costed as the total costs aren't allocated properly. This can lead companies to charge too high of a price and lose sales, or too low of a price and not breakeven. By using ABC the companies can gain a more accurate picture of what their costs are, and assign them more accurately, and price more accurately.  </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101037</guid>
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      <item>
         <title>Helping Oliver Question 1</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101040</link>
         <description><![CDATA[<div>Hey guys, don`t forget Oliver asked a question a few days ago.  The sooner you can answer the better for him as he is still currently confused on the concepts!</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
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      <item>
         <title>How&#39;s it going guys! Sorry for joining up late, been having some issues with classes but everything&#39;s been fixed now and I&#39;m ready to roll. Do we have a facebook chat going yet?</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101043</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101043</guid>
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      <item>
         <title>Is it just me, I&#39;m having trouble playing the Oliver video</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101045</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101045</guid>
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      <item>
         <title>HI, guys</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101048</link>
         <description><![CDATA[<div>I am Xinyi, you guys can call me Erica. I just registered the course this week. I am in 3rd year and happy to work with all of you.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101048</guid>
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      <item>
         <title>Hello everyone</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101051</link>
         <description><![CDATA[<div>My name is Chenyi, you can call me Annie. I'm currently in 3rd year and I'm looking forward to this new experience of learning :)</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101051</guid>
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      <item>
         <title>Hi Everyone!</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101053</link>
         <description><![CDATA[<div>I look forward to working with you all this semester. Thank you for everyone posting their introductions.&nbsp; Remember that you can add different forms of media in here like videos, pictures, and links to websites that you found useful and relevant to the course matieral!&nbsp;</div>]]></description>
         <enclosure url="" />
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         <title></title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101056</link>
         <description><![CDATA[<div>Hey guys, My name is Bruke. I am in 3rd year and I'm excited to work with all of you.&nbsp;<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101056</guid>
      </item>
      <item>
         <title>Hey guys! My name is Robert, you can call me Bobby though. I&#39;m in 3rd year and I&#39;m looking forward to the new experience!</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101060</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101060</guid>
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      <item>
         <title>Testing...Hi Everybody! I am born and raised in Ottawa. This tool is pretty cool, really excited to try something new!</title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101063</link>
         <description><![CDATA[<div>Looking foward working with everyone. </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:15 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101063</guid>
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      <item>
         <title></title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101065</link>
         <description><![CDATA[<div>I was born and raised in Ottawa too!! I'm in 3rd year :)</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:16 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101065</guid>
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         <title></title>
         <author>avd24092009</author>
         <link>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101066</link>
         <description><![CDATA[<div>Hi everyone! I'm Emma :) Looking forward to being part of this group with all of you!</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-04 03:36:16 UTC</pubDate>
         <guid>https://padlet.com/shannon_butler1/vgufr5moiv8v/wish/180101066</guid>
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