Accounting and Auditing for Employee Benefit Plans.
The article reviews the book "Accounting and Auditing for Employee Benefit Plans," by Geoffrey M. Gilbert, Gregory J. Lachowicz and James F. Zid.
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Relevant Costs of Intermediate Goods and Services.
This paper extends the Baker and Taylor approach to the reciprocal service cost problem by allowing for the existence of nonvariable costs. A sample problem is developed to show how a mixed integer programming approach can be used to account for nonvariable costs in make-or-buy decisions. Also, in order to better calculate the opportunity costs of not meeting demand because of service department bottlenecks, the Baker and Taylor model is converted into a profit maximization model and combined with the mixed integer approach.