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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COST STRUCTURE The Wal-Mart cost structure is known to be the lowest in the retail industry. Many economists do not agree with this structure because although consumers are happy with low prices Wal-Mart has forced its suppliers and competitors small and big to lower their prices in order for them to maintain the image and reputation of having the lowest prices around for quality products. Many cities and neighborhoods have banned Wal-Mart due to the fear of small businesses being run out of
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Cost‚ Volume‚ and Profit Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified relationship between cost‚ volume‚ and profit (or loss). CVP analysis is based on several factors and assumptions and uses a formula to express the relationship by equation or graphically and can be used with great effect by managers who understand the limitations of the analysis. Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified
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Question 1: What are the manufacturer’s dollar sales of canned dog food sold through supermarkets in the Boston Market? Answer: $12‚000‚000 Rationale: Supermarket sales of dog food will total $5 billion (at manufacturers’ prices) in 2011 (Pg. 115). Canned dog food accounts for 20% of dollar share total dog food (Exhibit 1). Additionally‚ the Boston Market represents 1.2% of both the U.S. and dog populations‚ since dog and human populations are highly correlated (Pg. 115). By multiplying
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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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hsl@gmail.com Module Overview Module Synopsis The aim of this module is to enable the students to gain knowledge and understanding of management functions by examining the roles and responsibilities of a manager. Students will acquire a good knowledge of management concepts.
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results of operations are provided. Operating Activities: inflows and outflows of cash related to the transactions entering into the determination of net operating income. Cash inflows include cash received from: 1. Customers from the sale of goods or services. Ex./ collection of cash from customers 2. Interest and dividends from investments Cash outflows include cash paid for: 1. The purchase of inventory. 2. Salaries‚ wages‚ and other operating expenses. Ex./ payment of employee salaries
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to the company is 50%. Compute the cost of debt capital. b) Y Ltd. issues Rs.50‚000 8% debentures at a premium of 10%. The tax rate applicable to the company is 60%. Compute cost of debt capital. c) A Ltd. issues Rs.50‚000 8% debentures at a discount of 5%. The tax rate is 50%‚ Compute the cost of debt capital. d) B Ltd. issues Rs.1‚00‚000 9% debentures at a premium of 10%. The costs of floatation are 2%. The tax rate applicable is 60%. Compute cost of debt-capital. -D 2. A company
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President of Marketing for Dysk Compyer‚ Inc must decide whether to introduce a mid-priced 2 version of the firm’s DC6900 minicomputer product line-the DC6900-X minicomputer. The DC6900-X would sell for $ 3900‚ 3 with unit variable costs of $ 1‚800. Projections made by an independent marketing research firm indicate that the DC6900-X 4 would achieve a sales volume of 500‚000 units next year‚ in its first year of commercialization. One-half of the first year’s 5
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inEurope‚ which meant that Ryanair was taking a big risk by deciding to enter this market. At the moment the airline passenger market was a complex one‚ since the governments would highly control it. Additionally‚ the airline industry has high fixed costs‚ which was something that Ryanair needed to take into account if the company wanted to face its already experienced competitors. However the Ryan brothers knew that it was important to fly this route‚ and so they decided to follow an aggressive strategy:
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