use of a single burden rate. Burden costs of the testing rooms as well as other costs such as admin were grouped into a single cost pool and then divided by the total labor dollars. This resulted to a single burden rate of 145% of direct labor dollars (cost driver). This method is not appropriate for Seligram because the information on the case present that direct labor hours and machine hours vary by product line and activity. In addition‚ the burden cost of the main and test room also significantly
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Generally‚ the term cost of production refers to the ‘money expenses’ incurred in the production of a commodity. But money expenses are not the only expenses incurred on the production of a commodity. There are number of services and inputs such as entrepreneurship‚ land‚ capital etc.‚ which are offered by an entrepreneur without changing any price or receiving any payment for them. While computing the total cost of production‚ allowance should be made for such expenses. It is therefore essential
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Notes on labor productivity Labor productivity is a key element in the explanation of how the economy works. It is especially important with regard to wages. What follows is some material about labor productivity and investment spending that is a reorganization of what is presented in your textbook. Its focus is on the connection between labor productivity and wages. Labor productivity is the value of the product or service you can produce in an hour‚ day‚ week or other unit of time. The value
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FreshDirect Case 19 I. Statement and description of central issue (1 page; 2 minutes) II. Identification/description of alternatives (2 pages; 4 minutes) III. Rationale for selection of best alternative (3 pages; 6 minutes) IV. Description of implementation plan (1 page; 2 minutes) V. Conclusion (1/2 page; 1 minute) Statement/description of central issue • Clearly states issue to be responded to with recommendations • Explains underlying tension to justify why this is an
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use limited resources and unlimited wanted. Q70. Of the following‚ which one is true? when an independent variable increases and the dependent variable also increases‚ the relationship between the two variables is positive. when an independent variable decreases and the dependent variable increases‚ the relationship between the two variables is inverse. On a graph the direct relationship is upward sloping and the inverse relationship is downward sloping. All of the above are correct.
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Two Variable Inequality MAT 221 11 May 2012 The purpose of this week’s assignment is to determine how many maple rocking chairs the Ozark Furniture Company can make. We will also plot the inequalities of this on a graph. Here is the information and first set of problems for the text: Maple rockers. Ozark Furniture Company can obtain at most 3000 board feet of maple lumber for making its classic and modern maple rocking chairs. A classic maple rocker requires 15 board
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Activity 2: Cultural Variables in Communication Dimensions of national cultures Power distance index (PDI): "Power distance is the extent to which the less powerful members of organizations and institutions (like the family) accept and expect that power is distributed unequally." Cultures that endorse low power distance expect and accept power relations that are more consultative or democratic. Individualism (IDV) vs. collectivism: "The degree to which individuals are integrated into groups". In
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procedures‚ applying $815‚000 of overhead to products Alpha and Gamma on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH)‚ material handling (MH)‚ and number of shipments (NS) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Alpha Gamma Pool Cost Pool No. 1 (Driver: DLH) 200 1800 $420‚000 Pool No. 2 (Driver: MH) 15 10
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MRF’s File COST ACCOUNTING “An Introduction to Cost Terms and Purposes” Assistant Lecturer: M. Ryan Firmansyah Problem 1 (Quiz 1 September 8‚ 2009) Consider the following costs that were incurred during the current year. Evaluate whether the cost is: 1. A product cost or a period cost 2. Variable or fixed in terms of behavior 3. For the product cost‚ whether it is classified as direct material‚ direct labor‚ or manufacturing overhead No. 1 Descriptions Product Cost Period Variable Fixed DM Product
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