1 In a process cost system‚ product costs are summarized: on job cost sheets. when the products are sold. after each unit is produced. on production cost reports. What decision criteria should managers use in selecting projects when there is not enough capital to invest in all available positive NPV projects? the internal rate of return the discounted payback the profitability index the modified internal rate of return 3 Horizontal
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total assets in the period 2008-2009 but it increased back regularly from 2009 to 2012. Therefore‚ Haiha has ability to develop well in the future. INCOME STATEMENT: (VND) | 2011 | 2012 | Net Sales | 637‚219‚539‚120 | 676‚798‚449‚471 | Cost of Goods Sold | 544‚347‚917‚672 | 573‚561‚735‚096 | Expenses | 74‚206‚313‚071 | 85‚460‚459‚021 | Net Income | 20‚250‚771‚925 | 21‚886‚619‚910 | Sale revenues have stayed on the rise from 2008 to 2012
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is a part of: B. Conversion cost. Labor that cannot be physically traced to particular product is treated as indirect labor and as manufacturing overhead. Conversion cost is the sum of direct labor and manufacturing overhead. These costs are incurred to convert materials into the finished product. Indirect labor is treated as part of manufacturing overhead. 2. Prime cost and conversion cost share what common element of total cost? B. Direct labor. Prime cost is the sum of direct materials
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COST ACCOUNTING-MMS FORMAT OF COST SHEET Opening stock of Raw Material XX Add: Raw material purchased XX Less: Closing Stock of Raw Material XX Raw Material Consumed ZZ Direct Labor XX Direct Expenses. XX PRIME COST ZZ Add: Factory Overheads: Indirect Material XX Indirect Labor XX Indirect Expenses XX GROSS WORKS COST/FACTORY COST ZZ Add: Opening WIP XX Less: Closing WIP XX COST OF GOODS MANUFACTURED
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Prime cost. | B | Conversion cost. | C | Period cost. | D | Nonmanufacturing cost. | 2. | Prime cost and conversion cost share what common element of total cost? | A | Direct materials. | B | Direct labor. | C | Variable overhead. | D | Variable overhead. | 3. | On the Schedule of Cost of Goods Manufactured‚ the final Cost of Goods Manufactured figure represents: | A | the amount of cost charged to Work in Process during the period. | B | the amount of cost transferred
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Implement the decision‚ evaluate performance‚ and learn An example of interdependencies include absenteeism/low employee morale and increased labour costs. 11‐2 Relevant costs are expected future costs that differ among the alternative courses of action being considered. Historical costs are irrelevant because they are past costs and‚ therefore‚ cannot differ among alternative future courses of action. 11‐3 Quantitative factors are outcomes that are measured in numerical
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Sitting Bull Many Native Americans have attempted to resist the force of the United States government and the reservation policies‚ but none were as successful as Sitting Bull. Sitting Bull was a Hunkpapa Lakota Tribal chief that led his tribe and many others in the resistance against the U.S. Indian policies. Not only did he win many battles and resist the growing reservation movement‚ he also protected his people from maximum harm and harassment from the U.S. government. Sitting Bull has protected
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strategies which they use and could use in that respect. The main idea of the paper is that the principle “differentiate or die” (Jack Trout) has died. Today the global brands don’t strive to differ from their competitors in everything and at any cost. As an example‚ let’s have a global look at the business of mobile phones. In June 1998 Ericsson‚ Nokia‚ Motorola and Psion established their own International Strategic Alliance‚ a private independent company called “Symbian”. Symbian Ltd. is an
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Methods of Cost Variability The Methods * The Comparison Method * High and Low Point or Range Method * The Equation Method * The Average Method * The Graphic Method (Scatter diagram) * The Method of Least Squares * The Analytical Method or Degree of Variability Method Illustration From the following month-wise information in respect of semi-variable costs of a firm‚ segregate the cost into fixed and variable elements: Months2009 | Production (Units) | Semi Variable
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COST OVERRUN FACTORS AND PROJECT COST RISK ASSESSMENT IN CONSTRUCTION INDUSTRY - A STATE OF THE ART REVIEW SAVITA SHARMA 1 & PRADEEP K. GOYAL 2 1 Senior Lecturer‚ Department of Civil Engineering‚ Govt. Polytechnic College‚ Ajmer‚ Rajasthan‚ India 2 Associate Professor‚ Department of Civil Engineering‚ Govt. Engineering College‚ Ajmer‚ Rajasthan‚ India ABSTRACT This paper presents a state of the art review of major and frequently occurred cost overrun factors and project cost risk assessment
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