HOME DEPOT COST ACCOUNTING

Home Depot Cost Accounting



Abstract

The innovation and advancements in the business organizations these days have tremendously increased the demands of record-keeping, as well. More recent developments reveal strategic cost management (including a value chain analysis) that asserts to align the firm's cost structure with its strategy and pursues cost management decisions to deploy the strategy. The usual cost of raw materials consists of two elements: quantity and price. The amount of material standards should include not only normal but also the raw ingredients purchased parts, the visible or can identify directly with the product.

Table of Contents

Abstractii

About the company1

Market share2

Location2

Major competitors2

Benefit by using Activity Based Costing (ABC)3

Factor(s) influenced your decision3

Implementation of ABC/M4

Activity Based Costing Practical Example6

Evaluate and discuss whether the firm could benefit by using fixed costs9

Standard costing and Decision Making9

Factor(s) influenced your decision10

The ramifications of costs, quantity, and variances11

Ramifications of using standard costs to the international business environment11

Relevant and "Irrelevant" costs:12

Opportunity costs:13

Plant Closing Costs:14

Summary14

Conclusions and Recommendations15

Conclusion15

Recommendation16

References18

Relevant benefits20

Relevant costs20

Home Depot Cost Accounting

About the company

Home Depot is an American Trade Network, the largest on the planet to sell tools for the repair and building materials. The company's headquarters is located in the Vinings (Ga.). The company employs three thousand fifty five people. Network operates 2.144 stores in the U.S., Canada, Mexico and China.

The Home Depot is the second largest retail retailer in the U.S. after Wal-Mart and the third in the world after Wal-Mart.

Home Depot offers a vast network to attract the best talent. The company uses the purchase and collection methods of the diversity and improves the application pool and the quality of hiring decisions. Recruitment strategy used in developing country and institutions, are potential sources of qualified workers partnerships. Committed to working with the Housing Department and the AARP found at the Bureau of Labor members of AARP and other opportunities to work who are important to look for work.

In recruitment, hiring and retention methods seem to pay off, because Home Depot's retail business experience than most of the staff turnover, staff turnover is both costly and destructive of an organization and its customers, so they should hire the best people to provide them with growth opportunities within the organization.

Market share

Name

Market Share

Lowe's Companies, Inc.

25%

Menard, Inc.

15%

True Value Company

20%

home Depot

40%

 

Location

Home depot is the U.S based retail store, provides different services to facilitate the large number of the consumer by online shopping.

Major competitors

Lowe's Companies, Inc.

Menard, Inc.

True Value Company

home Depot

Benefit by using Activity Based Costing (ABC)

The innovation and advancements in the business organizations these days have tremendously increased the demands of record-keeping, as well. Within the management of change, it is rarely questioned whether the factor which is subject to change, is valued sufficiently by the customer to warrant its existence or not. This article explores the importance of the implementation of change in the fundamental drivers of costs in a business as opposed to simply a desire to improve the way things are done.

Many organizations, which have adapted the concepts of Total Quality Management (TQM), believe that they have not been ...