Create a list of suggested improvements for Mogel’s Inc. that would help prevent a similar skimming scheme from occurring. For each improvement, indicate why this will help prevent a skimming scheme similar to this from happening again at Mogel’s. (1) Stefan Winkler used a method of force balancing to try to cover up his scheme. When payments were received he posted payment to customer’s accounts but never deposited the money into Mogel’s account. This could have been avoided if Mogel’s had another employee reconcile its bank statements regularly and toughly. According to Wells, when an individual skims receivables but continues to post payments to customer accounts, postings to accounts receivable will exceed what is reflected in the daily deposit. (2) Winkler also used the method of lapping to conceal his skimming as well. He would steal customer A’s payment then post customer B’s payment to A’s account and so forth . Mogel’s should have an employee spot check deposits to accounts receivable to make sure that payments are being applied to the correct accounts. Wells implies, If a check were received by Customer A but the payment posted to Customer B’s account, this would indicate a lapping scheme. (3). Mogel’s could have noticed something was suspicious by how Winkler was such a "model" employee. In order to cover up his schemes, Winkler had to come to work everyday to make sure no one else was looking at his books.

Zachary company produces commercial gardening equipment. since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. the costs and cost drivers associated with the four overhead activity cost pools follow: activities unit level batch level product level facility level cost $ 64,800 $ 27,730 $ 15,000 $ 154,000 cost driver 2,400 labor hrs. 47 setups percentage of use 11,000 units production of 780 sets of cutting shears, one of the company’s 20 products, took 240 labor hours and 7 setups and consumed 15 percent of the product-sustaining activities. required: (a) had the company used labor hours as a company wide allocation base, how much overhead would it have allocated to the cutting shears? (b) how much overhead is allocated to the cutting shears using activity-based costing? (c) compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 780 units are produced. if direct product costs are $150 and the product is priced at 30 percent above cost for what price would the product sell under each allocation system? (d) assuming that activity-based costing provides a more accurate estimate of cost, indicate whether the cutting shears would be over- or underpriced if direct labor hours are used as an allocation base. explain how over-or undercosting can affect vaulker's profitability. (e) comment on the validity of using the allocated facility-level cost in the pricing decision. should other costs be considered in a cost- plus pricing decision? if so, which ones? what costs would you include if you were trying to decide whether to accept a special order?

George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the duties of a:

What provides financial support to workers who are retired or have disabilities? medicare social security tax withholdings medicaid