following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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Tomorrow Have you ever wondered what the Earth would be like without the Amazon rainforest? The Amazon covers forty percent of South America and produces twenty percent of the Earth’s oxygen. It holds over ten million species of animals and over forty thousand different types of plants. This is the most biodiverse rainforest on the planet. It hold everything from the Brazilin Wandering Spider to the Green Anaconda. The Amazon Rainforest holds more than just animals and plants‚ it also holds ancient
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Amazon Rainforest Conservation through Development of Indigenous Peoples Today‚ the Amazon Rainforest is a very different place than it was when the Spanish explorer Francisco de Orellana first navigated through its river in 1542. The forest has been around for 55 million years on the South American continent (e.g. Maslin et al. 2005) but through decades of deforestation‚ climate change‚ agriculture‚ and population growth‚ the Amazon Rainforest is facing a point of destruction. In Brazil‚ at the
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When you think about global issues‚ what’re some things that come to mind? War‚ Disease‚ Hunger‚ Poverty‚ etc. Most people do not think of the Amazon rainforest as a global issue‚ but it is swiftly becoming a large problem. The Amazon rainforest is covers a vast area of South America‚ housing some of the most magnificent plant species and animals‚ some found nowhere else in the world. Loggers‚ a group of people that use the rainforest to cut down the trees for wood‚ are a huge problem in the rainforest
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The Amazon Rainforest is the largest tropical rainforest in the world. The majority of the rainforest is sited in Brazil with 60% of the rainforest contained there. It is also spread throughout other nations in South America such as Peru‚ Columbia‚ Venezuela‚ Ecuador‚ Bolivia‚ Guyana‚ Suriname‚ and French Guiana. (See Figure 1) Land clearing has become a major contributing factor in the destruction of Amazon Forest and the development of its land. This is predominantly due to human activities which
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Borders and Amazon Business Approach Otis v Drummer Strayer University Bus 302 – Management Concepts [ January 13‚ 2012 ] Professor Dominique Emerald Sweeting 1- Describe the history and core business of each company. Traditional book stores have been around for ages. Evidently‚ public libraries and private stores like Barnes and Nobles‚ Waldenbooks‚ and of course Borders are often the main places where people go to purchase or borrow their books. Nowadays‚ with the rise of technology
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Amazon.com compared to Borders Books A look into the History of these two companies and how Amazon became profitable while Borders ended in Bankruptcy. By Robert H. (Bob) Travis Strayer University Winter Quarter‚ 2012 BUS 302 – Management Concepts Professor Charles Wittenberg Abstract This paper will examine the history of both companies‚ Amazon.Com and Borders Books. In addition‚ I will highlight some of the critical decisions that each company made that have led to the wild success
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