manufacturing cost categories. LO2 Distinguish between product costs and period costs and give examples of each. including calculation of the cost of goods sold. LO4 Prepare a schedule of cost of goods manufactured. LO5 Understand the differences between variable costs and fixed costs. LO6 Understand the differences between direct and indirect costs. LO7 Define and give examples of cost classifications used in making decisions: differential costs‚ opportunity costs‚ and sunk costs. LO8
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Chapter 1 Basic Cost Concepts Learning Objectives • To understand the meaning of different costing terms to understand different costing methods • To have a basic idea of different costing techniques • To understand the meaning of cost sheet In order to determine and take a dispassionate view about what lies beneath the surface of accounting figures‚ a financial analyst has to make use of different management accounting techniques. Cost techniques have a precedence over the other
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2012 Unilever Fact Sheet Our vision Our €1bn + Brands Our Purpose Share listings as a % of identified capital Unilever’ TSR position to the peer group To make sustainable living commonplace. We work to create a better future every day‚ with brands and services that help people feel good‚ look good and get more out of life. Our first priority is to our consumers – then out customers‚ employees‚ suppliers & communities. When we fulfill our responsibilities to them‚ our
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students are required to undertake and evidence a series of meetings to confirm progress on the preparation and writing of the OTHM assignment. This tracking sheet has been designed to assist in structuring these meetings‚ and a copy should be sent to OTHM together with the assignment. Self-study students should also complete this tracking sheet to assist in producing their assignment. Meeting 1 Date and time: Suggested coverage: Confirm that assignment guidelines on OTHM’s website
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8. a) The melting of the ice sheet in greenland may bring opportunities for people and communities rather than a negative threat. One advantage of of the melting ice sheet may be that it brings in a better income for people. Melting ice sheets means that more land is being uncovered exposing expensive rocks and riches such as zinc and lead. The reveal of land and rock means that people and communities are able to mine this will give people a better income and lifestyle. Mining can be done in all
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Assignment No. 1 Problem No. – 1 From the following transactions find out which two accounted‚ types of Accounts‚ Debited/Credited & Reason for Debit or Credit. 1) Mehta started business with Rs. 8000. 2) Purchased goods for cash Rs. 2800. 3) Purchased furniture from Godrej Company Rs. 1000 for cash. 4) Sold goods to Babubhai on credit Rs. 700. 5) Paid for postage stamps purchased Rs. 30. 6) Sold goods to Nanabhai for cash Rs. 400. 7) Paid to Navakal Rs. 500 for Advertisement. 8) Paid to
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Usmania Glass Sheet Factory Ltd is the first glass sheet factory in Bangladesh. It was established in 1959. The oldest glass sheet plant in Bangladesh is situated in the southern side of the country at the district of Chittagong. It started its commercial production in 1961 but after the liberation war in 1971‚ it was taken by the government of Bangladesh and was subsequently placed under Bangladesh Chemical Industry Corporation (BCIC). Until 1996 Usmania was the only glass sheet manufacturing company
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JULISA WRIGHT AML 2600 MS. THORNERS CLASS FINAL TERM PAPER ANALYSIS Ann Petry’s “Like a Winding Sheet “defines a pivoting time line in history even though it is a fictional short story. This story took place in 1946 in the time when all the men would be at war and the women would be in factories making all the weapons and equipments that they would need. The women were the focal point in that era because they ensured that the men overseas were well equipped to be at war. The story was set in
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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The Business Balance Sheet completely outlines the company; it includes the breakdown of assets and liabilities. It then transfers that to the owner’s equity. It will show debts that need to be addressed‚ if sales or profits need to be increased and overall if the company is in good standing or not. I would use the return on owner’s equity financial ratio to interpret the data. Taking the income after taxes and dividing it by the owner’s equity. I would be aiming for a higher return. Business Income
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