Question 5.1 Explain the difference between fixed costs‚ semi-fixed costs‚ and variable costs. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line
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company has to be selected. Secondly‚ the decision has to be implemented into a planning process. Therefore‚ a budget that relates to the entire activity of a company and to forecasted future revenues and expenditures has to be prepared. Standard costing can assist in budget setting and it supports cost control by setting standards. Establishing a standard cost for each unit produced enables a detailed analysis of budgeted and actual costs so that costs can be controlled more effectively. Once a budget
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Variables 1 Corporate variables ADD1 -- Address Line 1 ADD2 -- Address Line 2 ADD3 -- Address Line 3 ADD4 -- Address Line 4 ADDZIP -- Postal Code BUSDESC -- S&P Business Description CITY -- City CONML -- Company Legal Name COUNTY -- County Code DLRSN -- Research Co Reason for Deletion EIN -- Employer Identification Number FAX -- Fax Number FYRC -- Current Fiscal Year End Month GGROUP -- GIC Groups GIND -- GIC Industries GSECTOR -- GIC Sectors GSUBIND -- GIC
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Prime cost. | B | Conversion cost. | C | Period cost. | D | Nonmanufacturing cost. | 2. | Prime cost and conversion cost share what common element of total cost? | A | Direct materials. | B | Direct labor. | C | Variable overhead. | D | Variable overhead. | 3. | On the Schedule of Cost of Goods Manufactured‚ the final Cost of Goods Manufactured figure represents: | A | the amount of cost charged to Work in Process during the period. | B | the amount of cost transferred
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Differences Between GAAP and IFRS The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are working together to eliminate a variety of difference between the United States generally accepted accounting procedures (U.S. GAAP or GAAP) and International Financial Reporting Standards (IFRS). This convergence project grew out of an agreement reached by the two boards in 2002 (Deloitte‚ 2004). On February 24‚ the SEC unanimously agreed to publish a statement
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Section B Attempt Any Six Questions (6*5= 30) 1. Company A’s costs are mostly variable‚ whereas Company B’s costs are mostly fixed. When sales increase‚ which company will tend to realize the greatest increase in profits? Explain. 2. Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows: Sales in Units July. . . . . . . . . . . . . . 30‚000 August . . . . . . . . . . . 45‚000 September . . . . . . . . 60‚000 October . . . .
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Absorption & Emission of Light Stimulated Absorption & Emission‚ Spontaneous Emission E2 Incident radiation hν hν Emitted & transmitted radiation E1 Resonance condition E2-E1=hν • Rate of stimulated emission is: −dN1/dt = N1B1->2 ρ(ν) • Rate of absorption is the sum of the rated due to stimulated emission and spontaneous emission: −dN2/dt = N2B2->1 ρ(ν) + N2A2->1 where B1->2 is the Einstein transition probability for induced absorption‚ B2->1 is the Einstein transition probability
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What are the Difference between Laptop and Netbook? So what is the difference between laptop and netbook? A laptop (also called a notebook) is computer which has been designed to be made portable‚ featuring a screen hinged to a keyboard. A laptop includes a battery for portable power and a touchpad instead of a mouse for input. Mini laptops (also called a netbook‚ subnotebook or ultraportables) take these ideas further still‚ creating a new market above handheld computers‚ smartphones and personal
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RINGKASAN ARTIKEL “The Effect of Strategy and Organizational Structure on The Adoption And Implementation of Activity-Based Costing” by Maurice Gosselin I. Masalah Penelitian Permasalahan utama dalam penelitian ini adalah adanya fenomena ABC Paradox. Beberapa waktu yang lalu banyak akuntan manajemen dan para akademisi yang menunjukkan bahwa Activity-Based Costing (ABC) merupakan suatu metode perhitungan biaya yang paling efektif atau baik untuk digunakan. Namun‚ survei penelitian yang terdahulu
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Juhtumi analüüs: Aero Gear Inc.: Performance Measurement‚ Cost Management and Product Costing in a Lean Transition 1. Millist liiki ettevõte on Aero Gear? Milline on nende konkurentsi olukord juhtumis kirjeldatud hetkel? Aero Gear is a small private owned (family business) precision-machining company ‚ which supplies the aerospace industry. Aero Gear’ s customers were engaged in fierce competition for market share in the commercial aerospace sector. They pressed for cost reductions from
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