ACC 307: Cost Accounting Winter 2013 Practice Problems Chapter 8 Problem 1: Different management levels in Bates‚ Inc.‚ require varying degrees of managerial accounting information. Because of the need to comply with the managers’ requests‚ four different variances for manufacturing overhead are computed each month. The information for the September overhead expenditures is as follows: Budgeted output units 3‚200 units Budgeted fixed manufacturing overhead $20‚000 Budgeted
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1.1 Describe safe and hygienic working practices when preparing services areas‚ equipment my and stock for wine service She and hygienic working practices What is your understanding of safe and hygienic work practices? Following policy and procedures of the organisation Sorting at the right temperature Making sure the cork is screwed in correctly to stop the pressure and keep the wine of the cork itself so not to mix the taste Cleaned areas for where the food is served ie tables and
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Total revenues ....................................................................... Total expenses ...................................................................... Net income ............................................................................. Increase in stockholders’ equity.................... Less: Net income ........................................... Add: Dividends .............................................. Additional investment ..................................... $ 40
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PREPARING A RESEARCH PROPOSAL Research students at the University are expected to present a research proposal within three semesters after commencement. The proposal is presented at a seminar attended by fellow students‚ supervisors and other assessors. Assessors are selected by the Faculty for their understanding of the field and the research involved. The purpose of a research proposal is to set out a plan for conducting the research and writing the thesis within the available time. It should
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December 20. The bank sent her a statement indicating that it had paid the charge on January 3. P may deduct the expense in which cases? a. 1 b. 1 and 2 c. 1 and 3 d. 1‚ 3‚ and 4 e. 1‚ 2‚ 3‚ and 4 2. The crucial reason for determining whether an item is deductible as an expense under § 162 or under § 212 is that a. production of income expenses are not deductible. b. § 162 business expenses usually are deductions for A.G.I.‚ while § 212 production of income expenses usually are miscellaneous
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his bid in this friendly takeover attempt. To measure the financial performance of Chrysler over the past two years‚ key financial ratio will have to be computed and compared with industry averages. To help in this endeavor‚ Chrysler’s financial statements are found on the following pages. Chrysler Corporation’s Balance Sheet December 31 (in million $s) Assets This year Last year Current Assets Cash and cash equivalents 5‚543 5‚145 Marketable securities 2‚582 3‚226 Accounts
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Building an Ethical Organization Part 2 Tara Kelly University of Phoenix‚ Axia HSM 230 Ethical Issues in Human Services Organizations Sara Trovatore‚ MSW September 8‚ 2010 As the new director of Community Ties‚ a nonprofit social services organization‚ it is my duty to write a mission statement and a value statement for our organization as well as an explanation of each and how they tie together. The basis of the organization is to provide strength and support to our local community
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inventoriable cost D) is required for external reporting to shareholders 3) The contribution-margin format of the income statement: A) is used with absorption costing B) highlights the lump sum of fixed manufacturing costs C) distinguishes manufacturing costs from nonmanufacturing costs D) calculates gross margin 4) The gross-margin format of the income statement: A) distinguishes between manufacturing and nonmanufacturing costs B) distinguishes variable costs from fixed costs
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Preparing For Ethical Challenges A survey by the Josephson Institute of Ethics polled more than 20‚000 middle and high school students about moral standards. Almost half of these students reported stealing something from a store in the previous 12 months. In the same period‚ seven out of 10 cheated on an exam. There is more and more evidence of antisocial behavior than ever among our youth. Even our most academically talented students tend to let personal interest triumph over the common good
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Axia College Material Appendix A Final Project Overview and Timeline Final Project Overview The final project for PSY 230 is a personal narrative in which you apply personality psychology theories and concepts to better understand yourself. For this project‚ you are expected to incorporate your understanding of personality theory with self-actualization into one reflective‚ personal narrative paper. Final Project Timeline You should budget your time wisely and work on your project
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