Decision Making 13.3 Types of Costs 13.4 Types of Choices Decisions 13.5 Make or Buy Decisions 13.6 Addition / Discontinuance of a Product line 13.7 Sell or Process Further 13.8 Operate or Shut down 13.9 Exploring New Markets 13.10 Maintaining a desired level of profit 13.11 Summary 13.12 Terminal Questions 13.13 Answers to SAQs and TQs 13.1 Introduction In the previous unit we learnt about Marginal Costing. Marginal costing is the ascertainment of marginal cost and of the effect on profit
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J History Reading & Thinking Note Sheet (2011 AD) Name/Period: Caroline Johnson / 6th Chapter/Reading (Pages): 18th /388- 403 Chronology (Time Period): 1450- 1750: Early modern period Most Important Ideas (Minimum of 5 - (Big Picture‚ themes‚ changes‚ continuities‚ etc): 1. Serfdom of Russia: Serfs were not given many rights‚ but were used for labor on the large lands the powerful leaders and people of the time had 2. . Catherine the Great: German born Russian tsarina in the
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Name____Shelby Bill__________________ BIO 236 Nutrition Ch. 18 1. Define… Nutrition- Study of the sources‚ actions‚ and interactions of nutrients. macronutrients- A nutrient (carbohydrate‚ lipid‚ and protein) required in a large amount. micronutrients- Nutrient (vitamin or mineral) required in small amount. 2. Nutrients that cannot be synthesized by humans‚ like some amino acids‚ are called ______essential___ nutrients. 3. List the 6 types of Vegetarian diets‚ including food restrictions
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Please forward the following two questions to the entire batch as directed by Sengupta sir. AS 2 Determine the cost of inventory of M/s XYZ International Limited involved in the import and trading of mobile phones as at March 31‚ 2011 in accordance with Accounting Standard – 2‚ Valuation of Inventories‚ from the following data (5000 phones) :- Purchase cost of phones – Rs 50‚000 Custom duty on Import – Rs 30‚000 Port clearing charges – Rs 10‚000 Carriage inwards – Rs 15‚000 Salary to
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Accounting Final Exam 1.) Five forces included in industry analysis Competitors. Potential entrants into the market. Equivalent products. Bargaining power of customers. Bargaining power of input suppliers. 2.) The balanced scorecard translates an organization’s mission and strategy into a set of performance measures that provides the framework for implementing its strategy. The balanced scorecard does not focus solely on achieving short-run financial objectives. It also highlights the
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average cost flow assumption: Weighted average assumes that cost flow at an average of the costs available. Costs of goods sold and Ending inventory: -Cost of goods sold + ending inventory = the total goods available for sale. -Cost of goods available for sale must be allocated between cost of goods sold and ending inventory. FIFO cost flow assumption: The cost of items purchased earliest are the costs that will be transferred first to cost of goods sold on the income statement. LIFO cost flow assumption:
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Which of the following involves significant financial investments in projects to develop new products‚ expand production capacity‚ or remodel current production facilities? A) capital budgeting B) working capital C) master budgeting D) project-cost budgeting Answer: A Diff: 1 Terms: capital budgeting Objective: 1 AACSB: Reflective thinking 2) The two factors capital budgeting emphasizes are: A) qualitative and nonfinancial B) quantitative and nonfinancial C) quantitative
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B313F Management and Cost Accounting Assignment 1 Date due: 29 October 2008 Weighting: 15% of the total marks of the course Question 1 (25 marks) Mini Case – Seto’s Storage Warehouse Paul Seto owns and manages a commercial storage warehouse. He stores a vast variety of perishable goods for his customers. Under the existing pricing policy‚ he has charged customers using a flat rate of $2.40 per kilogram per month for goods stored. His storage warehouse has 10‚000 cubic metres of
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Reconstruction: North and South What were the different approaches to Reconstruction? How did Congress try to reshape southern society? What was the role of African Americans in the postwar south? What were the main issues in national politics in the 1870s? The War’s Aftermath Important questions arose o Should the Confederate leaders be tried for treason? o How should new governments be formed? o How and at whose expense was the South’s economy to be rebuilt? o Should
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Contract costing is a system of job costing that is applied to relatively large cost units‚ which normally take a considerable length of time to complete. Building and construc¬tion work‚ civil engineering and shipbuilding are some examples of industries where large contract work is undertaken‚ and where contract costing is appropriate. Contract Costing deals with the books of the Contractor only‚ i.e. the cost of the work and measuring the profit or loss on the contract. Contract costing is
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