Solution to Problem 7-13 1. Computation a. Unit product cost under absorption costing Per unit Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3.50 Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.00 Variable manufacturing overhead . . . . . . . . . . . . 1.00 Fixed manufacturing overhead . . . . . . . . . . . . . . . 10.00 Unit product cost . . . . . .
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Why is high productivity important for a nation? 2. Why do you suppose that service jobs have lower productivity than manufacturing jobs? 3. How can a company gain a competitive advantage by having higher productivity than its competitors have? Answer: high productivity important for nation because high productivity increase the economic level and also increase the living standard ...increase GDP of the country and give competitive advantage in the market ‚ productivity means to work with efficiency
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DECISION MAKING In most companies‚ strategic planning isn’t about making decisions. It’s about documenting choices that have already been made‚ often haphazardly. Leading firms are rethinking their approach to strategy development so they can make more‚ better‚ and faster decisions. STOP MAKING PLANS START MAKING DECISIONS by Michael C. Mankins and Richard Steele I S STRATEGIC PLANNING COMPLETELY USELESS? That was the question the CEO of a global manufacturer recently asked himself
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that are usually regarded as part of cash generating unit. A. Corporate assets B. Subsidiary C. Service departments D. Exclusive cash generating unit 7. Assume that employees confessed to a P500‚000 inventory theft but are not able to make restitution. How should this material fraud be shown in the company’s financial statements? A. Classified as loss and shown as a separate line item in the statement of comprehensive income. B. Initially classified as an account receivable because
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Management Decision Making Final Exam: August 2013 1) Research discussed in class shows that interviews are not nearly as predictive (e.g.‚ about future performance at your firm) as most managers believe. Nevertheless‚ almost all firms spend a great deal of time and money conducting interviews every year. a. With this result in mind‚ focus on one or two major biases that may influence the interviewing process in your firm‚ and propose a revised interviewing process that minimizes and
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of Financial Accounting Prepare written answers to the following assignments from Ch. 3 of Financial Accounting: * Questions 2‚ 3‚ 4‚ & 8 * Exercise E3-7 * Exercise E3-8 2. State two generally accepted accounting principles that relate to adjusting the accounts. Matching principle and revenue recognition principle 3. Rick Marsh‚ a lawyer‚ accepts a legal engagement in March‚ performs the work in April‚ and is paid in May. If Marsh’s law firm prepares monthly financial statements
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Financial Statement Analysis Tools CHAPTER 4 After studying this chapter‚ you should be able to: 1. Describe the purpose of financial ratios and who uses them. 2. Define the five major categories of ratios (liquidity‚ efficiency‚ leverage‚ coverage‚ and profitability). 3. Calculate the common ratios for any firm by using income statement and balance sheet data. 4. Use financial ratios to assess a firm’s past performance‚ identify its current problems‚ and suggest strategies
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Cases for Management Decision Making CA-1  suggested uses of cases Case CASE 1 Greetings Inc.: Job Order Costing CASE 2 Greetings Inc.: Activity-Based Costing CASE 3 Greetings Inc.: Transfer Pricing Issues CASE 4 Greetings Inc.: Capital Budgeting CASE 5 Auburn Circular Club Pro Rodeo Roundup CASE 6 Sweats Galore CASE 7 Armstrong Helmet Company Overview This case is the first in a series of four cases that presents a business situation in which a traditional retailer decides
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Objective: To provide students with an introduction to financial accounting. This course introduces the student to the basic financial statements and how they are used to make decisions by various users. This course will use a variety of sources to allow the student to gain an understanding of the topic. Instructor: Jennifer Wright‚ CPA Grading: Connect - Homework Manager 10% Exam I and II 40% (Each worth 20%) Final Exam 35% Quizzes 15% (average grade) Total 100%
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There has been an increasing need for healthcare professionals to make safe and informed decisions following advances in clinical intervention and medical complexities due to the ageing population with associate co-commodities (). Decision-making pervades in all clinical care and activities‚ and clinical decisions have profound and direct effect on patient safety‚ care and outcome. Clinical decision-making (CDM) involves healthcare professionals applying clinical judgment to select the optimal evidence-based
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