(Lo 4-1, 4-2) 4-29 Choice of Costing System: Rafanan, Carreon, Ninobla, Dacpano Exercises 1. New Century Software, Inc

RAFANAN, CARREON, NINOBLA, DACPANO
EXERCISES
(LO 4-1, 4-2) 4-29 CHOICE OF COSTING SYSTEM
1. NEW CENTURY SOFTWARE, INC.
- Provides experts and technology to enable safe and reliable energy transportation
- A brand of MISTRAS, a leading “one source” global provider of technology-enabled
asset protection solutions used to evaluate the structural integrity of critical energy,
industrial and public information.
 JOB ORDER COSTING, why? The product and services offered is just a small amount
making the cost easily traceable.
A. IS IT A GLOBAL COMPANY OR NOT?

- NO, because their faculty is only at their country even if they sell products service
around the world.
B. HAS NO SIGNIFICANT ENVIRONMENTAL ISSUES IN ITS OPERATION
2. FEDEX OFFICE
- World’s largest express transportation company, providing fast and reliable services for
more than 3.6 million shipments each business day.
- Invented express distribution and is the industry’s global leader, providing rapid, reliable,
time-definite delivery to more than 220 countries, connecting markets that comprise more
than 90% of the world’s gross product within 1-3 business days.
 JOB ORDER COSTING, why? The service provided to the clients are especially made to
meet their needs and they are able to choose from the services. The cost of the different
jobs can be determined.
A. IS IT GLOBAL COMPANY OR NOT?

-Yes, because they have various establishment and branches around the world.
B. HAS SIGNIFICANT ENVIRONMENTAL ISSUE IN ITS OPERATION

- Because they use plastic pouches (49% recyclable) as a packaging and it is not
guaranteed that it will be recycled after using. If not recycled, it will contribute to the
rising of wastes around.
3. TXI CEMENT
- A leading supplier of cement, aggregate and consumer product building materials. All
type of construction-residential , commercial and public works- used these materials
 PROCESS COSTING, why? The cost elements applied to their products of production is
not feasible- the cement. The product with a high volume and a low cost.

- NO, TXI Cement is only based in Texas and California. They only sell it to their country.
B. HAS SIGNIFICANT ENVIRONMENTAL ISSUE IN ITS OPERATION

- Because it has burned hazardous waste as fuel has the highest polluting cement which
spreads toxic pollution across Dallas.
4. PARAMOUNT PICTURES
- American film and television production and distribution company.
- One of the first and most successful Hollywood film studios.
 JOB COSTING, why? The film/projects are highly customized and well created, each
jobs has separate costs.

- NO, since there are no other branches and it only located in California.
B. HAS NO SIGNIFICANT ENVIRONMENTAL ISSUE IN ITS OPERATION
5. COCA-COLA
- Total-beverage Company with products sold in more than 200 country.
 PROCESS COSTING, why? The company often have continuous mass production.
A. IS IT AGLOBAL COMPANY OR NOT?

- YES. because they operate in more than 200 countries and produced nearly 450 brands.
B. HAS A SIGNIFICANT ENVRIONMENTAL ISSUE IN ITS OPERATION

- Because they use plastics which is the main problem that causes climate change.
(LO 4-1, 4-2) 4-29 CHOICE OF COSTING SYSTEM

1. ZURICH FINANCIAL SERVICES GROUP
- is a multi-line insurer that serves its customers in global and local markets.
 JOB ORDER COSTING, why? The company offers asset management, insurance and
reinsurance where in each services they offer online with different purposes. They also
provide unique solution to their customer because as said they are a multi-liner insurer.

- YES, it is a leading multi-line insurance that serves its customers in global and local.
Zurich’s aim to remain and connected with the community.
B. HAS NO SIGNIFICANT ENVIRONMENTAL ISSUES
2. REICHHOLD CHEMICAL CO.

- Reichhold is one of the world’s largest supplier of unsaturated polyester and vinyl ester
resins for composites applications
 PROCESS ORDER COSTING, why? It offers the broadest manufacturing presence to
produce a complete line of resin products, gel coats and bonding pastes for customers
who fabricate composites products ranging from bathtubs wind turbine blades.

-YES, because Reichhold has manufacturing operations throughout North and South
America, the Middle East,Europe and Asia.
B. HAS NO SIGNIFICANT ENVIRONMENTAL ISSUE IN ITS OPERATION
3. NESTLE S.A
- a corporation organized and existing under the laws of Switzerland and having its
registered office in 1800 Vevey, Canton of Vaud, Switzerland and its permitted
successors and assigns.
 PROCESS COSTING SYSTEM, why? Nestle uses highly volume products in producing
their goods and they provide comparable goods

- YES, Nestle is the world largest food &beverage company that has over 403 factories in
84 countries, giving it a strong manufacturing capability across all of its businesses.
B. HAS A SIGNIFICANT ENVIRONMENTAL ISSUES

-Nestlé has created a monster by producing endless quantities of throwaway plastics that
persist in our environment for lifetimes. Also Nestlé plastic pollution gathered from
streets, rivers, and beaches across the country.
4. EVIAN
-It is a sparkling mineral enhanced drink made with the natural spring water you know
and love.
 Process Order Costing, why? Evian produce homogenous product but with different high
volume bottles.

- YES, Evain known as an International brand, it is a worldwide leader of natural mineral
water and sold in more than 140 countries
B.HAS NO SIGNIFICANT ENVIRONMENTAL ISSUES

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RAFANAN, CARREON, NINOBLA, DACPANO

A. IS IT A GLOBAL COMPANY OR NOT?

A. IS IT GLOBAL COMPANY OR NOT?

B. HAS SIGNIFICANT ENVIRONMENTAL ISSUE IN ITS OPERATION

A. IS IT A GLOBAL COMPANY OR NOT?

B. HAS SIGNIFICANT ENVIRONMENTAL ISSUE IN ITS OPERATION

A. IS IT A GLOBAL COMPANY OR NOT?

B. HAS NO SIGNIFICANT ENVIRONMENTAL ISSUE IN ITS OPERATION

A. IS IT AGLOBAL COMPANY OR NOT?

B. HAS A SIGNIFICANT ENVRIONMENTAL ISSUE IN ITS OPERATION