BACKFLUSH COSTING Definition of Backflush Costing : A streamlined cost accounting method that speeds up‚ simplifies‚ and reduces accounting effort in an environment that minimizes inventory balances‚ requires few allocations‚ uses standard costs‚ and has minimal variances from standard Product costing approach‚ used in a just - intime (jit) operating environment‚ in which costing is delayed until goods are finished. Standard costs are then flushed backward through the system to assign
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Differential Costing Introduction Costs are an important feature of many business decisions. In making decisions‚ it is essential to have a firm grasp of the concepts differential cost. Decisions involve choosing between alternatives. In business decisions‚ each alternative will have costs and benefits that must be compared to the costs and benefits of the other available alternatives. A difference in costs between any two alternatives is known as a differential cost. A difference in revenues
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Executive Summary The goal is to create a company that makes weighted blankets that are quality items but are reasonably priced. The company has been created‚ not to make a profit‚ but to help those with Autism and Sensory Processing Disorders. The goal the first year is to break even. The goal the second year is to put all the profits into making blankets to be given away. They will be given away to those who can’t afford to purchase a blanket. The long term goal is to increase the amount
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1. Infancy: Birth to 18 Months Ego Development Outcome: Trust vs. Mistrust Basic strength: Drive and Hope Erikson also referred to infancy as the Oral Sensory Stage (as anyone might who watches a baby put everything in her mouth) where the major emphasis is on the mother’s positive and loving care for the child‚ with a big emphasis on visual contact and touch. If we pass successfully through this period of life‚ we will learn to trust that life is basically okay and have basic confidence
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Chapter 1 Introduction “DEAN” Empowering the administrator/s decisions Data is emerging as a new science‚ a result of the unprecedented increase in the amount of digital information produced today and the realization of innovative ways to extract value from it. Technological advances in Mapua Institute of Technology (MAPUA) have led to an abundance of digital information sources that constantly generate data in managing the school‚ coherently the School of Information Technology(SOIT). Though its
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Research Design and data gathering methods The design process that will be implemented within the research will be exploratory followed by descriptive research. Exploratory would be the best fit as part of the initial stage of the research design as it provides further insight into what the managers needs are. Given that prior to the development of this market research design extensive research was conducted on the needs of training materials for small businesses. However even though prior research
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INFORMATION PROCESSING Difference between data and Information Data is raw unprocessed information where as information is data that has been to processed to provide a meaningful value. Information processing is when a machine or processor interacts with the outside world and acts on the input it receives. ADVANTAGES OF INFORMATION PROCESSING * Tasks can be completed faster * Computers can process large amounts of data and generate error-free results. * Computing storage devices
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understand‚ but get passing grades. In Mary Sherry’s essay In Praise of the F Word she talks about the topic in more depth. The essay talks about how the American school system you get passed along without any consideration about your pace and skill level. She also discusses how unprepared the American public is after high school and college. Her essay also talks about her own son and one of his experiences in his high school. Her use of ethos is not very high in the essay itself‚ but in her bio‚ it gives
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AYN 415 Research report: Accounting Regulatory Environment Word Count: 1361 Prepared by Raymond Morar 07541783 Yi Wang 07409745 Project 1: Going Concern Background The FASB’s rationale for this project is to increase consistency in the already existing going concern reporting model and disclosures. This project was added to provide guidance for entities in assessing their ability to continue as a going concern‚ and the timing‚ nature and extent of associated disclosure requirements
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JOB COSTING JOB COSTING Cost object is a unit or multiple units of a distinct product or service called a job. Product or service is A single unit such as: 1.Specialised machine done at Hitachi. 2.A construction project managed by L & T. 3.Advertising campaign produced by Saatchi and Saatchi. Multiple identical unit such as: 1.Agni missile for Ministry of Defense manufactured by HAL. JOB COSTING SERVICE SECTOR JOB COSTING MERCHANDISING SECTOR - Audit engagements done - Special promotion of
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