Direct materials cost per unit ($750‚000 ÷ 10‚000) $ 75.00 Conversion cost per unit ($798‚000 ÷ 10‚000) 79.80 Assembly Department cost per unit $154.80 2a. Solution Exhibit 17-16A calculates the equivalent units of direct materials and conversion costs in the Assembly Department of Nihon‚ Inc. in February 2009. Solution Exhibit 17-16B computes equivalent unit costs. 2b. Direct materials cost per unit $ 75 Conversion cost per unit 84 Assembly Department cost per unit $159
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Question 1 Product costs are costs that are associated with manufactured goods until the time period during which products are sold. It involved all costs in acquiring or making a product. These costs consist of direct materials‚ direct labour and manufacturing overhead. Product costs are initially assigned to an inventory account on the balance sheet. When the goods are sold‚ the costs are released from inventory as expenses and matched against sales revenue. Since product costs are initially assigned
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000 Factory insurance 500 Materials handling 1‚500 5‚000 Manufacturing cost P80‚000 2. (a) Decrease in finished goods inventory P35‚000 Add: Raw materials purchased P430‚000 Direct labor payroll 200‚000 Factory overhead 300‚000 930‚000 Total P965‚000 Less: Increase in raw materials inventory 15‚000 Cost of goods sold P950‚000 3. (d) Direct labor- Wages of machine operations
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Agency costs arise when conflicts of interest occur among stakeholders and must be paid out to an agent acting on behalf of a principal. According to Peavler (2013)‚ “There is an agency cost that exists in every business that has owners or shareholders and managers who are not necessarily owners. Agency cost means that shareholders and business managers may not necessarily agree on the actions that are best for the business firm and that there is an inherent cost to that disagreement. That leads
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LOSS ACCOUNT Sales have increased over the years‚ but the rate of this increase is not steady. The highest sales point was in 2006. Cost of sales and expenses with the exception of other expenses have increased at a steady rate. Other operating expenses have fluctuated over the years; the lowest point was in the first year with the highest being in 2006. Finance cost seems to have reached a peak in 2006 and the fallen by 2008. Net Profit after Tax follows a similar pattern to sales. CC3 CONSOLIDATED
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earlier days. The modern transport system has made the lives of the travelling people easier by decreasing the distance by the swiftness of vehicles. The prevailing journeys do not cost more than those were in the earlier days. The purposes of travelling are different for different people. There are some people who travel for the sake of pleasure. The people that are heavily burdened either at their domestic front or at their offices move too far off places for relieving their worries and anxieties
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1) The cost of production for the mixing Department for the month of January 2010. (showing clearly the physical Units‚ Equivalent production Uniot and the cost assignment and cost analysis. 1 (a) Equivalent Flow of Production Physical units Direct Material Conversion Cost Work in Process‚ Beg. Jan. 1‚ 2010 - Started during the current period 5‚000.00 Total cost to be accopunted for 5‚000.00
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BPP Learning media Ltd. (2007) ACCA Study Text Paper F7 Financial Reporting (International): London: BPP House BPP Learning media Ltd. (2007) ACCA Study Text Paper F9 Financial Management: London: BPP House BPP Learning media Ltd. (2007) ACCA Study Text Paper P1 Governance‚ Risk And Ethics: London: BPP House BPP Learning media Ltd. (2007) ACCA Study Text Paper P3 Business Analysis: London: BPP House Central Statistics Office (2010)‚ ‘consumer price index’ Ministry of Finance and
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will be hard. A lot of factors have to be considered‚ for instance‚ safety and security of the tourists‚ the cost of the tour‚ and the significance of the place as tourism nowadays relies on popularity—the more popular the place is‚ the more tourists it will attract. Thus‚ the demand for effective marketing strategies and public relations is a necessity. There are Filipino travel agencies in the UK‚ yet the number of British people who visit the Philippines is still low compared to the other countries
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We travel‚ initially‚ to lose ourselves; and we travel‚ next‚ to find ourselves. We travel to open our hearts and eyes and learn more about the world than our newspapers will accommodate. We travel to bring what little we can‚ in our ignorance and knowledge‚ to those parts of the globe whose riches are differently dispersed. And we travel‚ in essence‚ to become young fools again -- to slow time down and get taken in‚ and fall in love once more. The beauty of this whole process was best described
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