PAPER – 5 : ADVANCED MANAGEMENT ACCOUNTING QUESTIONS Marginal Costing Vs. Absorption Costing 1. During the current period‚ ABC Ltd sold 60‚000 units of product at Rs. 30 per unit. At the beginning for the period‚ there were 10‚000 units in inventory and ABC Ltd manufactured 50‚000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead
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Quality cost measurement under activity-based costing Wen-Hsien Tsai National Central University‚ Chung-Li‚ Taiwan‚ Republic of China Introduction Many companies in the world gradually promote quality as the central customer value and regard it as a key concept of company strategy in order to achieve the competitive edge (Ross and Wegman‚ 1990). Measuring and reporting the cost of quality (COQ) is the first step in a quality management program. Even in service industries‚ COQ systems receive considerable
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....... 5 6.3 SETUPS...................................................................................................... 6 6.3.1 Basic Assumptions: .............................................................................. 6 6.3.2 Periodic Costing Setup ......................................................................... 6 6.3.3 BOM STRUCTURE: ........................................................................... 9 6.3.4 WORK CENTRE STRUCTURE: ....................................
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Costing a Garment Costing is the deciding factor for fixing of prices and the important thing to follow in all stages like purchase‚ production‚ marketing‚ sales‚ etc. Also updated knowledge about everything related to garments‚ is essential to make perfect costing. Costing includes all the activities like purchase of fabrics and accessories‚ processing and finishing of fabrics‚ sewing and packing of garments‚ transport and conveyance‚ shipping‚ over heads‚ banking charges and commissions‚ etc. We
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Software Configuration Management is the ability to control and manage change in a software project. Change is inherent and ongoing in any software project. The ability to track control such changes in a proper manner form the basis of a good software project. Software Configuration Management tries to bridge this gap by defining a process for change control. Change Management defines processes to prevent unauthorized changes‚ procedures to follow when making changes‚ required information‚ possibly
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Fitness Assessment Results Document Copy and paste this document into a word processing program. Answer all questions in paragraphs with a minimum of three to five complete sentences. Fitness Activity Lesson 1.03 Baseline Results Mile Run/Walk Completes in 8 minutes and 35 seconds Body Composition/BMI 22.65 Aerobic Capacity 45.70 Sit and Reach Left: 12 Right: 11 Curl-Ups 18 Trunk Lift 12 Push-ups 7 Reflection Questions: 1. How do you feel about your fitness assessment results? Did any areas
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Understanding the basics of Git and GitHub I have tried to learn Git and GitHub a few times but after not seeing the point I usually stop and never actually finish the task‚ I don’t fully understand the purpose of using Git‚ I know it helps to keep track of you changes and it’s helpful for people collaborating with other people‚ but I don’t collaborate with anybody so I dont know if this would be helpful for me. I usually work as a web designer/developer and some times create small (very small)
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bases Activity-based costing Exercises 17.1 Topic Accounting terminology 17.2 17.3 17.4 17.5 Understanding cost flows Job costing journal entries Overhead cost drivers Real World: Granite Construction‚ Inc. Cost classifications Cost flow and financial statements Journalizing and reporting Journalizing and reporting Journalizing and reporting Journalizing and reporting Solving for missing information Solving for missing information Financial reporting Activity-based costing Using ABC for bidding
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Chapter 3 Systems Design: Job-Order Costing Types of Costing Systems Used to Determine Product Costs Process Costing Chapter 4 Chapter 4 Job-order Costing Many different products are produced each period. Many different products are produced each period. Products are manufactured to order. Products are manufactured to order. Cost are traced or allocated to jobs. Cost are traced or allocated to jobs. Cost records must be maintained for each distinct Cost records must be maintained for
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Costing Methods Paper Nikkei Crowder Acc/561 Ena Wu January 30‚ 2012 Costing Methods Paper Former Steelers’ running back Franco Harris created Super Bakery Inc.‚ in 1990. “Super Bakery is a virtual corporation‚ in which only the core‚ strategic functions of the business are performed inside the company. The remaining activities—selling‚ manufacturing‚ warehousing‚ and shipping—are outsourced to a network of external companies”. When management suspected that the established
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