activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH)‚ material handling (MH)‚ and number of shipments (NS) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Alpha Gamma Pool Cost Pool No. 1 (Driver: DLH) 200 1800 $420‚000 Pool No. 2 (Driver: MH) 15 10 $375‚000 Pool No. 3 (Driver: NS) 2‚000 18‚000 $20‚000 1. The overhead cost allocated to Alpha by using traditional costing procedures
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The cost-benefits of Sarbanes–Oxley Analysis In response to the collapse of a number of high-profile firms since late 2001‚ Congress passed the Sarbanes-Oxley Act in July 2002 to enhance corporate governance and thereby restore public confidence. The Act has introduced significant changes in both management’s reporting responsibilities and the scope and nature of the responsibilities of the auditor. When President Bush signed the Act into law‚ he characterized it as “the most far-reaching reform
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manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚ most of the costs incurred by a business were what modern
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6.1.5 Differential Impact of Environmental Change There is a gendered impact of environmental change due to a variety of reasons like everyday dependence on forest‚ land and water resources. More than two third of women respondents said the time required for collection of fuelwood has increased leading to increased physical drudgery. The decline in soil fertility has adversely impacted food production and access to nutrition‚ this in turn has resulted increased migration of men‚ and greater dependence
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Cost-Benefit Analysis and Project Budget We are creating a Smartphone application for use as a travel aid for the public and the profit will be donated to the partnership for children charity. The total budget allocated for this project is £20‚000. We have £10‚000 from our own funds and we will be using this fund for the promotion of the app with £10‚000. The council has also provided us with £10‚000 subsidy. We have used our funds on Feasibility‚ User Requirement and Analysis‚ Design‚ Coding
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ACC-100 Chapter 3 External event: involves interactions between the entity and its environment. * Example: the payment of wages to an employee is an external event‚ hiring of a sales manager Internal event: occurs entirely within the entity. * The use of a piece of equipment Transaction: any event that is recognized in a set of financial statements (if an event is measurable and realized‚ then it is a transaction) * Typically include: * An external event that involves exchange
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1/ Variable Costs: The variable cost will be 40% higher [ an increase of 21‚000 - 15‚000=6‚000 units] Direct Material used 1‚060‚000 Variable Costs: Direct Labor 1‚904‚000 Direct material used [ 1‚060‚000 *1.4] 1‚484‚000 Unit costs [ 6‚335‚600 / 21‚000] =$ 301.7 Indirect Materials and supplies 247‚000 Direct Labor [ 1‚904‚000 * 1.4] 2‚665‚600 Variable Cost/ Unit = 228.27 at both 15k & 21k units Power to run plant eqip 213‚000 Indirect Materials
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Chapter 4 Cost-Volume-Profit (CVP) Analysis Some things we know: The objective of every business is to make money (profit) for the owners Profit = Revenues – Expenses Revenues = Sales = Quantity sold x price per unit Expenses = the costs related to: the specific revenue (COGS) or the specific accounting period Matching Principle Role of Management is: Planning‚ control and performance measurement‚ and decision-making Decision-making relates to future
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ACC 556 Entire Course To Purchase this Tutorial Copy And Paste Below Link In Your Browser http://www.homeworkwarehouse.com/downloads/acc-556-entire-course/ For Any Information or Any Class Which you Did not find on Our Website‚ Just Hit US Email On below address Visit : www.homeworkwarehouse.com Email Us : Homeworkwarehouse@gmail.com ACC 556 Entire Course What sampling tools and techniques will be used for the examination? o How will you use analytical and inferential tools to evaluate accounting
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Team C Week 4 Summary David Ramirez‚ Kelvin Hemmingway‚ Chad Etzler ACC/291 August 26‚ 2013 Ins: James Covert Introduction As we advanced through week 4 of Principles of Accounting II‚ so far‚ we have absorbed ourselves with a litany of accountancy material. Week 4 continued with variety of content that contained: identifying kinds of shares issued by companies‚ computing shares‚ dividends‚ and stock splits‚ and documenting treasury stock deals. Also discussed in text and throughout discussion
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