inventory. 1. Direct materials cost per unit ($750‚000 ÷ 10‚000) $ 75.00 Conversion cost per unit ($798‚000 ÷ 10‚000) 79.80 Assembly Department cost per unit $154.80 2a. Solution Exhibit 17-16A calculates the equivalent units of direct materials and conversion costs in the Assembly Department of Nihon‚ Inc. in February 2009. Solution Exhibit 17-16B computes equivalent unit costs. 2b. Direct materials cost per unit $ 75 Conversion cost per unit 84 Assembly Department cost per unit
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Chapter 1 – Introduction to Financial Accounting Learning Objectives: After studying Chapter 1‚ you should be able to * Discuss the different classifications of financial transactions * Define an equity investor and a debt investor and understand the difference * Discuss the role of the Securities and Exchange Commission * Name the Big Four accounting firms and define the term “independent auditor” * Define corporate governance * Discuss GAAP and IFRS and the concept of
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Advanced Corporate Accounting Week 1: Unit introduction ACCT2202 Advanced Corporate Accounting: Unit staff • Lecturer-in-charge and tutor • Dr Rick Newby • Tutors • Mr Val Chin (Val.Chin@uwa.edu.au) • Mr Kevin Burns (Kevin.Burns@uwa.edu.au) Unit overview: Learning outcomes • Completion of this unit should help you to: • interpret and apply specific requirements of a range of Australian Accounting Standards (AASBs) • critically evaluate accounting requirements under Australian
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| KaBoom! | Memo To: Darrell Hammond‚ CEO and co-founder of KaBoom ! From: Ningyu Hou (April)-9565130‚ Wenyi Li (Lily)-9558764 Date: [ 10/4/2010 ] Subject: Prepare a performance measurement system for KaBoom! Introduction The primary objectives of this case were to create a performance measurement system by balanced scorecard in order to understand how the company has performed and its impact on performance. The analysis considers internal and external factors of the scorecard to the company
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Meaning of cost ‘COST’ represents a sacrifice of values‚ a foregoing or a release of something of value. It is the price of economic resources used as a result of producing or doing the thing costed. It is the amount of expenditure incurred on a given thing. Cost has been defined as the amount measured in money or cash expended or other property transferred‚ capital stock issued‚ services performed or a liability incurred in consideration of goods or services received or to be received. CLASSIFICATION
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FAIR VALUE MEASUREMENT 1. The meaning of fair value Fair value is the price that would be received from the sell of an asset or will be paid to transfer a liability in an orderly transaction between the market participants and the measurement date [IFRS‚ 13 – A501]. However in accounting and economics‚ fair value is the rational and unbiased estimate of a possible market price of a good‚ service or an asset. Fair value takes into account many objectives and subjective factors such as: Objective
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What they are; They are the different ways numbers can be used. NOMINAL LEVEL: Numbers can be used as tags or labels‚ where the size of the number is arbitrary. Barcodes and social security numbers are two examples. We could use the name of the merchandise or person equally well‚ but we choose numbers instead. The fact that the barcode for milk is higher than for razor blades (is it?)‚ or that your SSN is higher than mine ( is it?) tells us nothing. In surveys they often use arbitrary numbers
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Department of MECH an ica l.in Paavai Institutions ch UNIT II ww w. me LINEAR AND ANGULAR MEASUREMENTS UNIT-II 2. 1 Department of MECH CONTENTS LINEAR MEASURING INSTRUMENTS 2.1.1 SCALES 2.1.2 CALIPERS 2.1.3 VERNIER CALIPERS 2.1.4 MICROMETERS 2.1.5 SLIP GAUGES 2.3 LIMIT GAUGES 2.4 PLUG GAUGES 2.5 TAPER PLUG GAUGE 2.6 RING GAUGES 2.7 SNAP GAUGE 2.8 TAYLOR’ S PRINCIPLE 2.9 COMPARATORS
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Why Standardized Testing Should Not Be A Graduation Requirement Standardized testing has been apart of American education since the mid1800s. U.S. students have slipped in performance from 18th in the world in math in 2000 to 31st place in 2009. Failure in the education system have been blamed on rising poverty levels‚ teacher quality‚ and increasingly on the pervasive use of standardized testing. Standardized testing should not be a graduation requirement because testing has not improved student achievement
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Performance measurement/incentive system: Canadian REd Cross Executive Summary: (CRCS) is the one of the largest charity organization and 2nd largest brand in the world. Its mission to improve the lives of vulnerable people by mobilizing the power of humanity in Canada and around the world. Its vision is to lead the organization through which people voluntarily demonstrate their caring for others in need. In this report I will perform a review of the internal performance measurement
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