11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Quality Cost 1 Quality is defined from the customer´s point of view l Performance l Performance or the primary operating characteristics of a product or service. Example: For a car‚ it is speed‚ handling‚ and acceleration. For a restaurant‚ it is good food. l Features l Features or the secondary characteristics of a product or service. Example: For a TV‚ it is an automatic tuner. For a restaurant‚ it is linen table cloths and napkins . l Reliability l Reliability
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Does This Thing Work? It operates on a 100 year old proven technology called electrolysis. Whenever you place two pieces of metal in water‚ and apply electricity‚ the water separates into it’s basic molecules‚ Hydrogen and Oxygen (H2O). If you look at the picture on the left‚ you will see H2O molecules connected together in their liquid form which is WATER But when you apply electricity (from your car battery)‚ the molecules separate and form a GAS (called HHO) which is a mixture of Hydrogen
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1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
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One person will say ‚”that bottled water is better” and another will say‚” no way tap is better.” Almost like the on going argument that went on in Bobby Bushay’s head in the movie Water Boy where he was saying H2O is better than Gatorade. But when it truly comes down to it tap water is really the winner. It’s better than bottled water in many ways in general. Firstly it costs a whole lot less than bottled water‚ secondly because most of the time bottle water is that same as tap‚ and lastly it does
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Queen: Finally we are going to have a baby! (To the King) Narrator: In the month of May‚ the night of the full moon‚ Queen Maha Maya gave birth to her son. King: (To the Wise Men) What should we name our baby boy? Wise Men: Your son shall be named Siddharta‚ meaning he shall be the one whose wishes will be fulfilled. Be cautious however‚ this means that if the Prince sees a dead‚ old‚ sick person‚ or a monk‚ he will give up his wealth to become a monk himself. Narrator: The city rejoiced
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Message In A Bottle Nicholas Sparks PROLOGUE The bottle was dropped overboard on a warm summer evening‚ a few hours before the rain began to fall. Like all bottles‚ it was fragile and would break if dropped a few feet from the ground. But when sealed properly and sent to sea‚ as this one was‚ it became one of the most seaworthy objects known to man. It could float safely through hurricanes or tropical storms‚ it could bob atop the most dangerous of riptides. It was‚ in a way‚ the ideal home
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What is Alkaline Water? Alkaline water‚ also commonly known as ionized water‚ is water that has a pH level greater than seven. This water is generally produced with the aid of a faucet-based water ionizer‚ or "alkalizer" and features a number of health benefits. Making Alkaline Water These are some of the possible sources of alkaline water: * Lemon (& Lime) Water * pH Drops * Alkalising Powder * Mainstream Water Filters * Water Distillers * Reverse Osmosis * Alkaline
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Running head: Should water be sold as a product or it is a human right that cannot be sold Water as the commodity Bakai Raiymkan uulu KIMEP University‚ Almaty Abstract Outline 1. Introduction A. Water is necessary for a wide range of human activities. B. Water is a finite resource. C. Water is distributed unequally among the nations. Thesis Statement: While some see the positive sides to considering water as a commodity‚ others foresee the negative effects that such idea
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