Cost Allocation   Term Paper ID:42431 Click to get this paper

Essay Subject: This is an accounting project based on locating data in a K and restating ...... More...

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Paper Abstract: This is an accounting project based on locating data in a 10K and restating results found there. The emphasis on on adjustment of reported numbers for unallocated costs. Paper Introduction: Running head EVALUATION OF COST ALLOCATIONEvaluation of the Allocation of CostsYour NameYour UniversityEvaluation of the Allocation of CostsThe following table is based on information contained in the EMC CorpsAnnual Report form K It is based on the section of the report entitled ITEM MANAGEMENT\'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS Most of the actual material is found on pages and It is verified against the Income statement for the year found in the section entitled ITEM FINANCIAL STATEMENTS ANDSUPPLEMENTARY Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. It is verified against the Income statement for the year 2 7found in the section entitled, "ITEM 8: FINANCIAL STATEMENTS ANDSUPPLEMENTARY DATA" on page 45. (2 8). (EMC Corporation, 2 8) The profitability by division is based on material in management'sdiscussion of results. Annual report SEC form 1 K [Brochure]. The revenues were computed by totaling the Cost ofrevenues and Gross margins by operation. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS." Most of the actual material is found on pages 22and 25. Information Storageremains the most important component of the company in terms of revenue andearnings, and it becomes clear that it is almost as important as a platformfor VMware which changes the emphasis on the components considerably.ReferencesEMC Corporation. It is based on the section of the report entitled,"ITEM 7. The results for thedivisions adjusted for full costs significantly alter their relativeimportance to the company's earnings. These results are then restated ina more or less conventional income statement format by operation. VMware becomes fully 29% of earningsas opposed to about 15% as presented. The failure to allocate costsunderstated the importance of VMware and overstated the importance ofInformation Storage in terms of company earnings. In the income statement there are amounts for R&D and SG&A expense.These are allocated based on share of total revenue by division to produceadjusted operating margins in income by division. Boston:Author.If you need to type anything after the reference list then start it on thispage-----------------------[pic] Running head: EVALUATION OF COST ALLOCATIONEvaluation of the Allocation of CostsYour NameYour UniversityEvaluation of the Allocation of CostsThe following table is based on information contained in the EMC CorpsAnnual Report form 1 K. Thisproduced the operating profit and gross margin by division. If this paper is not what you are looking for, you can search again: Search for: or Click here to request an essay written just for you.