Problem 1 The Commonwealth Company uses a job-order cost system and applies manufacturing overhead cost to jobs using a predetermined overhead rate basedon the cost of materials used in production. At the beginning of the year‚ the following estimates were made as a basis for computing the predetermined overhead rate: manufacturing overhead cost‚$186‚000; direct materials cost‚$155‚000. The following transactions took place during the year (all purchases and services were acquired on account): a
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11. Job-order costing- normal costing; 12. Budgeted indirect costs. Chapter 4 Required: (4-18) (4-22)‚ (4-30)‚ (4-40). Case Required: Wheeled... Save Paper Case Studies On Performance Management always fascinated me how energetic‚ passionate‚ and in some cases fanatical people get over a topic like performance management and cost management. Over the years... Save Paper Process Costing And Spoilage Week 15 Distance Student File 1 of 35 Problem 7 Job Order Costing Jessica Company started operations
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Deming 14 points 1. Create constancy of purpose towards improvement (Volkswagen – brings loyalty to the brand‚ brings consumer satisfaction – consistent trust that Beatle will be here forever‚ not changing the design‚ people can expect the same design of the brand) 2. Adopt the new philosophy. (Kaizen – continue is never ending. Agree that bring everyday a new thing to your job‚ constant improvement) 3. Cease dependence on inspection. (Make it right‚ do not depend on inspection. Companies
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organization to be successful. From the very bottom of an organization were someone is handling mail‚ to the CEO running the show quality management is key in all aspects and areas. Dr. W. Edwards Demings had a vision to transform organizations based on a 14 point plan. The goal of his theory is that the points be applied to any organization. In the end‚ the plan is to improve and control the quality in an organization. Demings points are listed as the following‚ create a constancy purpose‚ adopt a new
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Accounting: Topic 6: Analysis And Interpretation Of Financial Statements (Part 2) Capital Structure Analysis Proportion of debt financing relative to equity financing (=gearing or leverage) * Reflects the entity’s financing decisions * Investments in assets are funded externally by liabilities‚ or internally by owner’s as shown in accounting equation (A=L+OE) Debt to equity ratio: Total liabilities/ Total equity x 100=x% Debt ratio: Total liabilities/ Total asset x 100=x%
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inventory balance during year Periodic inventory system determine cost of goods sold Periodic inventory system working backwards through the COGS section Periodic inventory system - closing process Benefit of taking a purchase discount Sales returns and allowances Special journals Ethics‚ fraud‚ and corporate governance Topic You as a student Effects of basic merchandising transactions Understanding inventory cost flows Perpetual inventory systems Evaluating performance Taking
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Accountancy AC5521 Cost and Management Accounting Semester B‚ 2012-2013 Instructor: Dr. Hao ZHANG Tel: Office: Email: Office Hours: Time Venue 3442-8546 G7752 haozhang@cityu.edu.hk Wed 3:00 pm to 6: pm Thursdays (9:00 am – 11:50 am) AC1 P4701 Course Aims This course aims to provide students with: 1. 2. 3. 4. an introduction to cost and management accounting for internal reporting and decision making purposes; familiarity with cost terminology‚ and management accounting reports; the ability
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COST OF PRODUCTION CONTENTS 1. Introduction 2. Types of costs 3.1 Opportunity‚ implicit and explicit costs 3.2 Fixed and variable costs 3.3 Average costs 3. Types of cost curves 4.4 Marginal cost curve 4.5 Average cost curves 4. Costs in Short run and in the Long run 5.6 Short run 5.7 Long run 5.8 Economies of scale 5. Cost analysis in the real world 6.9 Economies of scope 6.10 Experiential
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comprehensive analysis of financial accounting topics involved in preparing financial statements and in external reporting. Students may receive credit for only one of the following courses: ACCT 310 or BMGT 310. Course Goals/Objectives This course should help you develop the ability to apply GAAP to a variety of complex accounting and financial reporting situations. The specific goals of this course are to: • provide a more extensive understanding of financial accounting principles and procedures
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The ECtHR’s approach to Article 14 (Freedom from Discrimination) 4 considerations: 1. Does the issue fall within the ambit of a Convention right? 2. Is there a distinction between the applicant and a similarly situated person? 3. Is it on a specified ground or any other status (personal characteristic)? 4. Is it justifiable? 1. Does the issue fall within the ambit of a Convention right? Article 14 is sometimes described as ‘parasitic’ because it cannot be argued as a free-standing right
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