To: From: Subject: Case S2-1 assignment Date: Memo I watched How It’s Made and chose to tell you about artificial limbs. Job order costing is appropriate to use since artificial limbs are specially made for certain people of all different shapes‚ sizes and colors so each limb is unique. This company would need a cost system because there are many different steps needed to create the limb. A manager would need to decide how much each individual person who spent time making the limb would
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Chapter 2 Discussion Questions 1. What is the meaning of cost behavior and how does the variable cost behave differently than fixed cost (per unit & total)? Cost behavior is the change of cost relative to change in some extent of activity. The total fixed cost remains constant regardless of change in the volume of activity. However‚ the fixed cost per unit is inversely related to the change in the volume of activity. As the change in the volume of activity increases‚ the fixed cost per unit
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Individual Assignment 30% (40 marks) Question Spears Limited is engaged in manufacturing of special component (KWQ 12) be used in for calculators. As a step towards reducing uncertainty over the finance needs of the new business‚ the finance manager has asked you to prepare a cash budget for Spears Ltd for the nine (9) months period from 1 January 2014 till 30 September 2014. You have collected some raw data from the concerned department heads and tabulated them as follows: a)
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5 PROBLEM 28. Y‚ an S corporation formed at the beginning of the year‚ has the following information in its first year: Gross Income from services $100‚000 Net short-term capital loss (2‚200) Salary paid to F (10‚000) Medical insurance premium for F (300) Other operating expenses (54‚000) Cash distributions to F 5‚000 F‚ a 50 percent owner of Y‚ is single and has no other tax information. F’s A.G.I. is a. $21‚900 b. $26‚750 c. $26‚900 d. $35‚700 e. Some other amount‚ which is $_________
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CHAPTER 2 & 3 Top of Form Question 1 1. Below is the common equity section (in millions) of Teweles Technology’s last two year-end balance sheets: 2009 2008 Common stock $2‚000 $1‚000 Retained earnings 2‚000 2‚340 Total common equity $4‚000 $3‚340 Teweles has never paid a dividend to its common stockholders. Which of the following statements
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Running Head: MANAGEMENT ACCOUNTING The Management Accountant in Business [Name of the Writer] [Name of the Institution] The Management Accountant in Business Introduction Tesco Public Limited Company is a merchandising retailer and a grocery retailer multinational chain which has it’s headquarter in Cheshunt in the United Kingdom. Tesco as compared to its counterparts‚ Walmart and Carrefour‚ is the world’s third largest retail store with regard to the revenues that it generates. Tesco stands
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Personal Responsibility Rebecca Perez Gen 200 Monday February 27‚ 2012 Denise Finney Personal Responsibility Personal responsibility is extremely important in life because it dictates the quality of your life. Your life is directly affected by the level of personal responsibility you practice. The definition of personal responsibility is vague and broad. It is comparable to defining a personality trait that includes several traits in one. These traits include ethics‚ moral decisions‚
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Personal Responsibility Travis Hennessy GEN/200 July 26‚ 2013 Kevin Sheridan Personal Responsibility Studies present the validation of a self-report scale capturing "academic entitlement‚" which is defined as the tendency to possess an expectation of academic success without a sense of personal responsibility for achieving that success (Chowning‚ 2009). Responsibility is a phrase that has lost moral value in society. Personal responsibility was once an idea that gave an individual a sense
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Personal Responsibility xxxxxxxx GEN200 Professor xxxxxx March xx‚ xxxx Even though personal responsibility can mean more work‚ it is a valuable trait and essential to a fulfilling life because not accepting personal responsibility can make you fearful of taking risks‚ making decisions and unsuccessful at the endeavors you take on. Personal responsibility is more than just taking action on your responsibilities; it is also about recognizing what those responsibilities are. The
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Personal Responsibility GEN/200 September 14‚ 2012 Personal Responsibility Accepting personal responsibility in life is one of the most important traits a person can have. A responsible person has accepted that they are in control of the choices they make in life and cannot blame other people for those choices. It also means that when they are responsible and can accomplish anything‚ including experiencing success in college and any other challenge put their way. What does personal responsibility
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