ch05 Student: 1. The major limitation of volume-based costing systems is the use of volume-based: A. Criteria. B. Standards. C. Rates. D. Variances. E. Restrictions. 2. Volume-based rates produce inaccurate product cost when: A. A large share of factory overhead cost is not volume-based. B. Firms produce a diverse mix of products. C. Large volumes of a product are manufactured. D. Both answer A and answer B are correct. E. None of the answers above is correct. 3. If the
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EXAM 1 – FORM A ACC 242 Fall‚ 2013 Name__________________________________ 1. The following information relates to a job cost system in a factory: For the year Estimated Actual Factory Overhead $600‚000 $635‚000 Direct Labor $500‚000 $525‚000 Direct Materials $500‚000 $520‚000 Direct Labor Hours 300‚000 hrs. 290‚000 hrs. The factory uses a predetermined overhead rate per direct labor hour to apply factory overhead. During the year jobs which cost $1‚200
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1 Which of the following is the best definition of product costs? 1 Product costs are the costs associated with unsold products retained in stock. 2 Product costs are those costs associated with goods or services purchased or produced for sale to customers. 3 Product costs are those costs that change with changes in the level of product activity‚ over a defined period of time. 4 Product costs are overhead costs that are allocated over a number of products of the business for which costs are
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Pak Islamic Bank enters into Modaraba transaction with four Modarib on the below given terms . Workout the transactions on prescribe format: * Ali Associates Rs.300‚000 MF@10%‚ Profit 40:60 proceeds Rs.410‚000 * Scan Group Rs.500‚000 MF@7% Profit 35:65 Expected Proceeds 612‚000 * Karachi Electric Rs.800‚000 MF @9% profit 50:50 Proceeds Rs.978‚000 * Sailor Services Rs.300‚000 @5% Profit 60:40 Proceed 255‚000. | ------------------------------------------------- Scan Pakistan issued LPO of
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Convention hotels Primarily cater to conventions and meetings from small to large groups Casino Hotels • Highlight gaming as one of the entertainment venues for guests HOTEL RATING SYSTEM • Star and Diamond Classification System • Deluxe‚ First Class‚ Standard and Economy (Philippine Hotel Classification) MANAGEMENT CONTRACT Operational control of the enterprise is vested by contract to a separate enterprise that provides managerial services for a fee. Do not only cover selling
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June 27‚ 2011 This was my first day in Greenland Leisure Suites. Ma’am Josie oriented me about what I am going to do. She discussed about the policy and regulation and the parts of hotel. After the orientation‚ I assigned in all areas of the hotel. Hmmm… ang dami naman hehe”. Then‚ I started to clean in the rooms together with Kuya John Rey and Ate Jocelyn they taught me in beddings especially in they’re own. Rooms were my focus on my ojt‚ and need to exert a lot of effort to finish and
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LEARNING OBJECTIVE: Understand and perform an integrated order-to-cash cycle .The goal of SAP Sales and Distribution (also referred to as SAP Supply Chain Management-Order Fulfillment) is to provide with a complete knowledge of the Sales Cycle implementation using SAP. Project Management and some background of the SAP Transportation System is also part of the case study. The basic learning is to perform the functional duties of a SAP SD Consultant and develop a strong conceptual and practical knowledge
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Week One Assignment George Cagle ITT Tech Online MG518 - Operations and Process Management John Theodore May 04‚ 2014 Week One Assignment FedEx Operations Management Technique FedEx’s traditional ways of doing things were changing. Originally‚ FedEx was a company that provided quick service faster than any competition for a premium price. Price was no object to most companies because the cost of doing business quickly far outweighed not getting it there in time. Bids
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HANDS ON EXPERIENCE AT LA CARMELA de BORACAY BEACH RESORT HOTEL On-the-Job-Training Narrative Report Presented to the Faculty of the College of the Agriculture‚ Forestry and Environmental Sciences AKLAN STATE UNIVERSITY Banga‚ Aklan In Partial Fulfillment Of the Requirements for the Degree BACHELOR OF SCIENCE IN HOME TECHNOLOGY By KIRK ANTHONY R. RETORIANO January 2013 Republic of the Philippines AKLAN STATE UNIVERSITY College of Agriculture‚ Forestry and Environmental Sciences
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the needs of a narrow and well-defined group of buyers. The market niche of Shangri-La Hotel is the group of buyers with high level of income and buyer who prefer luxury services and standards. Shangri-La Hotel is a rapidly expanding international deluxe hotel rooms with 50 hotels across south-east Asia‚ Europe and North America and Bridle‚ and still expanding their market towards China. Shangri-La’s international strategy in fitting specific market conditions and buyers preferences is think-global
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