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Would job costing or process costing be used for gummy bears produced at the US Haribo manufacturing plant?

Wendy Tietz

Haribo has manufactured gummy bears since 1920. Starting in late 2022 or early 2023, those gummy bears will also be made in the US when Haribo finishes construction on its new plant in Pleasant Prairie, Wisconsin. Those bears are currently made in 16 plants around the world.

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Manufacturers Loosen Budgets To Make Tech Upgrades

PYMNTS

The COVID-19 pandemic may have brought manufacturing to a halt, but that hasn’t stopped these same companies from investing in software upgrades and technology initiatives to stay competitive. of Wisconsin, said they’ve maintained or accelerated investments in tech and research. the New York water technology company, SPX Flow Inc.

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Study: Automation Will Hurt Manufacturing-Heavy Midwest

PYMNTS

Manufacturing-heavy states in the Midwest will be hit hardest by the rise of artificial intelligence (AI) and automation for lower-skilled jobs, according to a new study by Brookings Institution researchers. Wisconsin, Iowa and Ohio, which are heavy manufacturing states, will be the hardest hit.

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Promotion Watch ’23: The Baker Tilly Partner Bench Is Now 44 People Deeper

Going Concern

Carter, JD Tax – Manufacturing and Distribution (Chicago, Illinois) Lindsay N. Hediger, CPA Assurance – Public Sector (Eau Clare, Wisconsin) Caroline H. Kleist, CPA Assurance – Real Estate and Construction (Madison, Wisconsin) Andrew J. Kleist, CPA Assurance – Real Estate and Construction (Madison, Wisconsin) Andrew J.

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What's new in May for state sales and use taxes

TaxConnex

California manufacturers want the state to halt taxes on the purchase of new equipment, saying those taxes are hobbling the industry as manufacturers aim to modernize production as supply chain issues continue. Examples cited in the legislation include whole cuts of meat, bound cut flowers, jams, jellies or boiled or roasted peanuts.

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Apple Grants COPAN Diagnostics $10M To Produce More Coronavirus Testing Kits

PYMNTS

Apple is tapping its Advanced Manufacturing Fund to extend a $10 million grant to COPAN Diagnostics so it can step up the production of its coronavirus testing kits. He added that COPAN Diagnostics is among the “most innovative manufacturers of sample collection kits for COVID-19 testing.” . manufacturing sector. .

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Half Of Americans Now ‘Middle Class’ With $78K Average Annual Earnings

PYMNTS

These areas are also more reliant on manufacturing than the nation overall,” wrote the researchers, who added that the estimated share was highest in Sheboygan, Wisconsin, where 65 percent of adults lived in middle-income households in 2016, and lowest in Laredo, Texas, where 39 percent were in middle-income households.