Variable costing and absorption costing are the two most commonly used methods of inventory costing for manufacturing companies. The inventory method of variable costing takes place when total direct and indirect variable manufacturing costs are included within inventoriable costs. Fixed manufacturing costs however‚ are considered costs of the period under variable costing. The next method of inventory costing‚ absorption costing‚ includes all variable manufacturing costs as well as fixed manufacturing
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The castle of Whiteridge was covered in large clouds. Not just any clouds but rather bulbous‚ grey storm clouds at that. Any moment now and it will start to rain. It was unusual for this time of year but the princess had arrived a week early. Andros tore his gaze from the window to glance at the scene unfolding before him. Aella‚ the princess of Whiteridge‚ had always been a brat‚ or at least that’s what he’s been told. At age 19‚ the boy had only been at the castle for a few months. His father
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States. It is structured in a way to share power evenly‚ and ensure that big picture issues are addressed properly. Both the House and the Senate are integral parts of the United States legislative process‚ but they are very different‚ and those differences make for very different roles in the process. The House and the Senate often times play off one another‚ picking up in areas where the other is lacking. For example‚ the Senate is a smaller more intimate body which helps the deliberation process
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The differences in values between the Greasers and the Socs were Greasers cared about other’s feeling. Greasers were more emotional. Furthermore‚ Socs were more careful about their emotions‚ they always not show their real emotions. Socs had only few feelings‚ they had cold hearted. Socs could have whatever they want‚ they would have more than they want. Socs were never satisfy about what they want. Socs could not said what they wanted to say as Dally. They did not doing things meaningful‚ when they
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strategies on deciding foreign policy and security issues. They both also have responsibility’s regarding Afghanistan and environmental change. With Australia and Germany working together it has helped many organizations in joint projects. Thought out 10 different countries they have created a net worth of over $145 million. Germany is located in central Europe and is positioned in both the northern and eastern hemispheres. Some of the countries that border Germany are Denmark‚ Poland‚ Austria‚ Switzerland
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ABSORPTION AND VARIABLE COSTING Learning Objectives 1. Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing. 2. Prepare an income statement under absorption costing. 3. Prepare an income statement under variable costing. 4. Reconcile reported income under absorption and variable costing. 5. Explain the implications of absorption and variable costing for cost-volume-profit analysis. 6. Evaluate absorption and variable costing.
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During 2nd century BC in Israel‚ members of Jewish religious orders were divided into several different groups‚ each with its own unique views concerning the Jewish way of life. Among these were: the Pharisees‚ the Sadducees‚ and the Essenes. Some beliefs such as the belief in one God became universal amongst different schools of thought; however‚ the Jewish way of life was different amongst the three sects. The Essenes‚ the smallest of the three sects‚ were identified as a Jewish sect that lived
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On Sunday‚ I arrived at Tower Grove Park around 1:30 P.M. to meet Brian‚ Kameron‚ and their son. It was a nice sunny day and almost 70 degrees outside. They offered me some snacks they had brought and water. I was not hungry‚ but I did accept the water. They introduced me to their 8-year-old son Perry. Perry wanted to play kickball‚ so Kameron played kickball with him. After they finished playing kickball‚ Perry came over to the picnic table and wanted a snack and a juice. Brian asked him to clean
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1. INTRODUCTION 1. OVERVIEW In order to achieve several small scale and large scale objectives in various electronic circuits‚ it is highly essential to regulate the voltage supply‚ given to electronic circuits. This project‚ namely VARIABLE VOLTAGE REGULATOR‚ aims at fulfilling such small goals‚ using the 3-terminal voltage regulator LM317. The circuit consists of an IC LM317 and a set of resistors and capacitors‚ in addition to the transformer and the rectifying element. The AC
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Absorption and Variable Costing‚ Inventory Management Absorption and Variable costing are very important tools for cost accounting. Both of these costing methods allow you to see the cost of your inventory‚ in a different way. For example the absorption method allows you to assign all costs to the product‚ while variable costing allows only variable costs to be assigned to the product. Inventory management is extremely important as well because it ties into efficiency and lowering your costs
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