JUST-IN-TIME‚ AND SIMPLIFIED COSTING METHODS 20-1 Cost of goods sold (in retail organizations) or direct materials costs (in organizations with a manufacturing function) as a percentage of sales frequently exceeds net income as a percentage of sales by many orders of magnitude. In the Kroger grocery store example cited in the text‚ cost of goods sold to sales is 76.8%‚ and net income to sales is 0.1%. Thus‚ a 10% reduction in the ratio of cost of goods sold to sales (76.8 to 69.1% equal to 7.7%)
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follows. Cost Items and Account Balances $ Administrative salaries 15‚500 Advertising for helmets 11‚000 Cash ‚ December 1 0 Depreciation – Factory Building 1‚500 Depreciation – Office Equipment 800 Insurance – Factory Building 1‚500 Miscellaneous expenses - Factory 1‚000 Office supplies expense 300 Professional Fees 500 Property Taxes - Factory Building 400 Raw material used 70‚000 Rent on production equipment 6‚000 Research & development 10‚000 Sales commission 40‚000 Utility Costs - Factory
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Galilee College Managerial Accounting Final Exam Overview for Saturday June 8th Instructions A. Complete the budgeting questions and any one of the others. 1. Service Cost Allocations CLASS: Teck Tecky Water Services provides water for Departments A‚B and C and has prepared its total budget using the following information for the next year:- Fixed Costs $300‚000 Budgeted Gallon Usage:- Variable Costs $0.10 per gallon Dept. A 2‚500‚000 gallons Available capacity 10‚000
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January 25‚ 2012 Summary # 1 Summary “INTO THE UNKNOWN” “INTO THE UNKNOWN” published by the Economist is a magazine article about the fear that American workers have about future jobs and the replacing of jobs through outsourcing and computers. According to this article‚ white-collar workers around the world are losing their jobs as machines and foreign workers take over. The author’s purpose of this article is to alert the readers that although there are some changes in technology
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Article Summary Kate Donaldson Grand Canyon University: UNV-501: Introduction to Graduate Studies in the College of Education September 7‚ 2013 Article Summary This paper explores a published article that reports on the results from research conducted about student communication in online classes. In this article the author researched students aging from 20-50 year olds. The article exposes the research results from those who performed online classes in both the Generation x and
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company can allocate the costs incurred in the production of products or services in either a direct or an indirect manner. The direct costs can be defined as being the amount materials actually cost plus any other directly linked costs‚ such as labor‚ materials‚ electricity‚ labor for employee and management‚ machine depreciation) Production materials‚ machine or assembly wages. Labor and wages – the cost of obtaining‚ training and retaining labor is a significantly high cost which must be allocated
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Assignment #7: Article Summary (Fluency) Fluency is being able to read a text smoothly and rapidly. If children can read smoothly‚ they place more attention on the meaning of the overall text rather than letter-sound relationships in each word. According to Seitz & Bartholomew (2014)‚ “Fluency bridges the gap from word recognition to comprehension” (p. 22). When children are not fluent readers‚ they concentrate more on decoding and the message of the text tends to get lost. There are different ways
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decision-making authority to an agent. An example of such a relationship is when the owner of a company delegates the decision-making authority to the manager. The costs of divergent behaviour that arises as a result of the agency relationship are referred to as agency costs. Furthermore‚ Watts and Zimmerman (1978) developed the theory of positive accounting which is focused on the assumption that ‘all individual action is driven by self-interest and that individuals will act in an opportunistic manner to increase
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1. Summary of Popular Article The article “Why Clingy People Feel Colder” by Maia Szalavitz focuses on how different people perceive temperature in certain situations. A group of volunteers were gathered and asked to complete an attachment style test to evaluate their level of clinginess before they could participate in the study. After these volunteers were tested they were either asked to think about a previous split between romantic partners or an unemotional ordinary event. With their memory
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Article summary/ review In the journal Medical Anthropology Quarterly‚ I read an article called Serenity: Violence‚ Inequality‚ and Recovery on the edge of Mexico City. The article was published in May of 2015 and was written by Angela Garcia. The article’s main aspect is a treatment centers for addicts known as anexos. Over the last decade‚ there’s been an increase in drug additions in Mexico‚ especially among the urban poor‚ and the treatment center anexos has been rapidly going up in numbers
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