Quiz 1.) The cost of goods manufactured for a period is the amount transferred from work in process inventory to finished goods inventory during the period? (TRUE) 2.) Differential costs can only be variable costs? (FALSE) can be fixed or variable 3.) The cost of napkins put on each person’s tray at a fast food restaurant is a fixed cost? (FALSE) 4.) A fixed cost is a constant per unit of product? (FALSE) variable would be true 5.) In a manufacturing firm all costs are product costs? (FALSE) 6.)
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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This is a summary of an article I found in "New York Times" three years ago. Maybe it will be helpfull for students who have to take English classes. I had to do it for university to improve my buisness English skills. Summary of New York Times-article In the following text I will summarize the article “Crisis in Europe and U.S. Hurts Asian Economies”‚ published in New York Times on January 23‚ 2009. The text is about the weak Asian economies and how they are affected by the crisis which
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International Marketing – Article Summary & Analysis Going Global with Innovations from emerging economies: Investment in Customer Support Capabilities Pays Off by Susanna Khavul‚ Mark Peterson‚ Drake Mullens‚ and Abdul A. Rasheed Journal of International Marketing‚ Volume 18‚ Number 4‚ December 2010 The authors argue that firms with IPs (Intellectual Property) and strategic intent to internationalize invest in international customer support capabilities to satisfy the demands of their
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double-entry accounting system‚ total amount debited must always equal total amount credited. 7. A debit entry is always favorable. 8.
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Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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“The Heart of your Strategy” article summary Grand Canyon University: MKT 450 ‘The Heart of your Strategy’ article deals with how an industry can increase its sales in market and get better revenue as compare to its competitive industries. In this article the customer loyalty factor has been considered as one of the strategy of business. Customer Loyalty deals with giving customers what they actually want in their product and how a company can fulfill the customers’ needs by giving them
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Jack Lloyd Due Date: June 28‚ 2015 Article Title: Secrets of the Brain Article Number: 6 Briefly state the Main idea of this Article: The main idea of this article is primarily focused on how the brain works and function‚ understand memory and how your brain reacts to different situations. Also‚ other aspects of how researchers are finding new ways and various methods to find solutions to understand the brain better. The brain is a difficult organ to understand‚ researchers are doing experiments
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„Strategy as Simple Rules“ by Kathleen Eisenhardt and Donald Sull A) Article Summary Basically the article describes how and why companies like Yahoo‚ AOL or Enron use simple rules in rapidly moving markets. In the past companies were able to apply complex strategies due to a simple business landscape and stable markets‚ but nowadays most markets are not stable any more. Markets are fast moving and so complex themselves that companies are forced to react and to simplify their strategies.
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