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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OF SPL INDUSTRIES LTD. A report submitted towards the partial fulfillment of the requirements of the two years full-time Post Graduate Diploma in Management Submitted by: Prashant Rampuria Post Graduate Diploma in Management (International Business) Roll No.: 2K81/IB/29 2008-2010 ASIA-PACIFIC INSTITUTE OF MANAGEMENT 3‚ Institutional Area‚ Jasola‚ New Delhi-110025 Preface The purpose of industrial training is to acclimatize the students with the organization & the industry in which
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Textile Industries in Bangladesh | Analysis of Working Capital Management: Textile Industries in Bangladesh | | Submitted To:Dr. Sheikh Abu TaherLecturer and Course Teacher Working Capital Management (FNB-310)Submitted By:Mohsena Afroz (Student ID. 1253)Md. Saddam Hossain khan (Student ID. 1278)Mohammad Al-Amin Khan(Student ID. 1289) 1st Batch BBA Program | September 01‚ 2012 | Department of Finance & BankingJahangirnagar UniversityDhaka‚ Bangladesh | Letter
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International Maritime Arbitration: Legal and Policy Issues Paper Presented to World Maritime University Malmö 14 May 2007 and to the Australian Maritime and Transport Arbitration Commission Sydney 4 December 2007 The Hon. Justice James Allsop Federal Court of Australia International Maritime Arbitration: Legal and Policy Issues.1 Abstract This paper seeks to deal with some important underlying policy questions faced by legislatures‚ governments and courts in dealing with
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ACCOUNTING FOR BUSINESS II CHAPTER 1 COST SHEET Meaning And Scope of Cost Accountancy The term cost accountancy is wider than the term cost accounting. According to the Terminology of Management and Financial Accountancy Published by the Chartered Institute of Management Accountants‚ London‚ cost accountancy means‚ “the application of costing and cost accounting principles‚ methods and techniques to the science‚ art and practice of cost control. It includes the presentation of information derived
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International Islamic University of Chittagong Assignment on:vision‚ Mission‚ values and Goals of GrameenPhone Ltd. [pic] and Transparency International Bangladesh[pic] Submitted To: Abdullah Al Mamun Lecturer‚BBA Submitted by:
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E THICAL P RACTICES AND C OMPLIANCE WITH C ODE OF E THICS IN THE ACME L ABORATORIES L TD . ETHICAL PRACTICES AND COMPLIANCE WITH CODE OF ETHICS IN THE ACME LABORATORIES LTD. Course: Managing People at Work Course No: H501 Submitted to Mr. Neaz Ahmed Professor IBA‚ University of Dhaka Submitted by Zahra Maryam (Roll-08) Tasmima Kashem (Roll-09) A T M Shafayatul Islam (Roll-25) Institute of Business Administration‚ University of Dhaka December 31‚ 2012 Letter of Transmittal December
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Introduction Cost accounting is an integral part of estimating a new construction project and estimating a project’s cost is the most important step of all. Estimating project costs is even mentioned in the Holy Bible: "Suppose one of you wants to build a tower. Don ’t you sit down and estimate the cost‚ to see if you have enough capital to complete it? If you don ’t‚ then when you have laid the foundation but can ’t finish‚ all the onlookers start making fun of you and say‚ `This is the man
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