Name: Class: Cost Accounting Date: 02.12.2012 Quiz 5 1) Absorption costing: A) expenses marketing costs as cost of goods sold B) treats direct manufacturing costs as a period cost C) includes fixed manufacturing overhead as an inventoriable cost D) is required for internal reports to managers 2) Variable costing: A) expenses administrative costs as cost of goods sold B) treats direct manufacturing costs as a product cost C) includes fixed manufacturing overhead as an inventoriable
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Leadership in Management They are a number of leadership styles. Identify these and examine which ones/s John Terrill used. In this case study that focus on leadership‚ leadership is defines as the behaviour of an individual when he or she is directing the activities of a group towards a shared goal. So based on this case study‚ there are 3 leadership approach that John Terrill use. The leadership approaches are democratic style‚ motivation‚ and path- goal theory. In democratic style‚
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Cost/Benefit Analysis Evaluating Quantitatively Whether to Follow a Course of Action You may have been intensely creative in generating solutions to a problem‚ and rigorous in your selection of the best one available. However‚ this solution may still not be worth implementing‚ as you may invest a lot of time and money in solving a problem that is not worthy of this effort. Cost Benefit Analysis or CBA is a relatively* simple and widely used technique for deciding whether to make a change. As its
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Cost Methods ACC/561 September 4‚ 2013 Cost Methods Absorption costing is a process in which you relate a portion of your fixed overhead costs to the manufacturing product cost. This process will be done on a per unit term. Divide the fixed costs by the number of units manufactured and sold over the period of the term. This will give you the cost of per unit for the amount made and the amount. With the variable costing unlike the absorption costing you will use the fixed
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Manchester Products: A Brand Transition Challenge Case Q&A 1. HOW WOULD YOU CHARACTERIZE THE HOUSEHOLD FURNITURE INDUSTRY? In 2004‚ the Household Furniture Industry’s annual growth was 4%‚ it was a $36.4 billion industry. There a many competitors within the industry because of low cost imports from Asia and Mexico. The household furniture industry is also closely tied with the economy. After the housing boom in the early 2000’s‚ companies needed to focus on a more innovate and stylist product
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traditional costing procedures‚ applying $815‚000 of overhead to products Alpha and Gamma on the basis of direct labor hours. The company is considering a shift to 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
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Transformational leadership Who is a leader? Leader is a person who has the capacity to influence other people to accomplish a certain task and directs people in an organisation or a group to achieve its objective in a different way that makes it well-integrated. Leader always establish a clear and long term goal‚ share the information or ideas with others. According to Jago‚ Good leaders are made not born. Any people who have the desire and willpower can be an effective leader. Good leaders develop
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AU/ACSC/061/1999-04 AIR COMMAND AND STAFF COLLEGE AIR UNIVERSITY LEADERSHIP EFFECTIVENESS AND GENDER By Christine R. Gedney‚ Major‚ USAF A Research Report Submitted to the Faculty In Partial Fulfillment of the Graduation Requirements Advisor: Lt Col Sharon A. Branch Maxwell Air Force Base‚ Alabama April 1999 Distribution A: Approved for public release; distribution is unlimited Disclaimer The views expressed in this academic research paper are those of the
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budgets. 3. The costs of direct materials are classified as: A. Choice A B. Choice B C. Choice C D. Choice D 4. The three basic elements of manufacturing cost are direct materials‚ direct labor‚ and: A. cost of goods manufactured. B. cost of goods sold. C. work in process. D. manufacturing overhead. 5. 25. Prime cost consists of direct materials combined with: A. direct labor. B. manufacturing overhead. C. indirect materials. D. cost of goods manufactured.
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Choose the best answer for the question from among the choices provided. 1. Cost accounting differs from financial accounting in that cost accounting is: a) Primarily concerned with income determination b) Relied on for analyzing and implementing internal decisions c) Focused only on qualitative information d) Primarily concerned with external reporting e) None of the above 2. The following costs relate to
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