LRF printing provides printing services to many different corporate clients. Al plus basis. most some jobs...

LRF printing provides printing services to many different corporate clients. Al plus basis. most some jobs new ones, are negotiated on a "cost- Cost-plus means that the buyer is willing to pay the actual cost plus a return these costs to LRF Expand Your Critical Thinking 787 Alice Reiley controller for from a meeting where president stated th her to find a way to charge more to project o meet on goals this period. By charging more costs to the needed more and n stated company therefore fewer costs to the jobs that were bid, th company should be able to e profit for the current year. Alice knew why the president wanted to take this action, Rumors were that he was looking for a new position and if the company reported strong profits presidents would be enhanced. Alice also recognized that could probably the cost of certain jobs by changing the basis used to allocate manufacturing overhead. instructions (a) who are the stakeholders in this situation b) What are the ethical issues in this situation? What would you do if you were Alice Reiley?

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Premier Printing provides printing services to many different corporate clients. Although Premier bids most jobs, some...

Premier Printing provides printing services to many different corporate clients. Although Premier bids most jobs, some jobs are negotiated on a “cost-plus” basis. Cost-plus means that the buyer is willing to pay the actual cost plus a return (profit) on these costs. Clara Jones, controller for Premier, has recently returned from a meeting where Premier’s president stated that he wanted her to find a way to charge more costs to any project that was on a cost-plus basis. The president...

LRF Printing provides printing services to many different corporate clients. Although LRF bids most jobs, some...

LRF Printing provides printing services to many different corporate clients. Although LRF bids most jobs, some jobs, particularly new ones, are negotiated on a “cost-plus” basis. Cost-plus means that the buyer is willing to pay the actual cost plus a return (profit) on these costs to LRF. Alice Reiley, controller for LRF, has recently returned from a meeting where LRF's president stated that he wanted her to find a way to charge more costs to any project that was on...

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Instructions Phillips Brothers Printers (PBP) provides printing services to a wide variety of customers. For most...

Instructions Phillips Brothers Printers (PBP) provides printing services to a wide variety of customers. For most jobs, PBP submits a bid and uses the job cost system to accumulate costs, but bills the bid amount to the customers. They do have several customers who routinely have "out of the ordinary" jobs and PBP bills those on a cost-plus basis, with the customer paying the actual costs plus a predetermined profit percentage on the total cost. Sally Phillips, controller for PBP,...

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Al Wathba Printing Services is a family business established in Oman in the year 2011 with...

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Lawyers frequently supply their services at different prices for different clients based on the clients’ ability...

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Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departments—administrative...

Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departments—administrative services (AS) and information systems (IS)—and two operating departments—government consulting (GOVT) and corporate consulting (CORP). For the first quarter of 2017, Phoenix’s cost records indicate the following: Allocation of Administrative Services on dollar amount ranking is $150,000 Allocate the support divisions’ costs to the operating divisions using the direct method. Allocate the support divisions’ costs to the operating divisions using the step-down method. Start...

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