Cost Accounting: A Managerial Emphasis‚ EXHIBIT 11-1 Accounting Information and the Decision Process FIVE-STEP SEQUENCE Step 1: Gathering Information AN ILLUSTRATION The current manufacturing line uses 20 employees‚ 15 operating machines‚ and 5 handling materials‚ for a total cost of $640‚000. The rearrangement of the manufacturing assembly line is expected to eliminate materials-handling costs‚ equivalent to $160‚000. The cost of the rearrangement will be $90‚000. Historical
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The movie "Super Size Me" is a documented experiment on the effects of eating nothing but a fast food diet for a month. The man partaking in the experiment‚ Morgan Spurlock‚ has many doctors and specialists recording how his body changes throughout the month and explaining what the changes in his body can lead to. Morgan is also a very already healthy man‚ so some effects of eating fast food are obvious. Throughout the film‚ Morgan also visits with many different people to talk to them about fast
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Name_____________________ Date_______________________ “Super Size Me!” A Study of Macromolecules and Diet Part 1: “Super Size Me” and Scientific Inquiry Direction: Use information from the movie to answer the questions below. 1. What was the background information that led Morgan Spurlock to conduct his study? Obese is the second cause of death. 2. What was his research question? 3. Did he have a hypothesis? What was the hypothesis? Eating McDonalds is unhealthy 4. Describe
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2014 Note: Refer to Hatzakis‚ Nair and Pinedo (2010) in Production and Operations Management for additional details and comments about research that is worthwhile to conduct in this area. INVENTORY AND CASH MANAGEMENT SESSION 5 T Cash Can Be Managed as Inventory • Cash managed like inventory in manufacturing o Doesn’t mean physical cash; instead can be ‘quick’ financial instruments:短期国库券 checking accounts t-bills‚ o Demand for cash by organizations‚ individuals varies • Main
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Sales inventory systems are often standardised i.e. A business will adopt a general model for their own use. This means that they are able to track sales of a product and match it against their existing inventory to regulate how much stock they keep to hand and how much it costs them to do so. Obviously this is necessary for any business in order to run efficiently. However‚ adopting a general model means that it may not be optimised for the particular stock/business in question. For example
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INVENTORY MANAGEMENT- PURCHASE AND PROCUREMENT Page 1 A PROJECT REPORT ON INVENTORY MANAGEMENT-PURCHASE AND PROCUREMENT PROCEDURES AT IOCL (BARAUNI REFINERY) EXECUTIVE SUMMARY Petroleum oil is the lifeline of modern civilization. It is needed equally for both domestic andindustrial purposes. Its demand has increased multiple-folds and yet to increase on war scale dueto rapid industrialization and fast urbanization. Both developed and developing countries areutilizing oil resources
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Rhetorical Analysis of Supersize Me It is without a doubt that fast food is causing many health and weight problems for a large percentage of Americans’. In the documentary by Morgan Spurlock‚ Supersize Me‚ Spurlock decides to experiment with the effects of eating too much fast food‚ McDonald’s in particular. This film puts a lot of emphasis on the large percentage of obese Americans’‚ particularly the unawareness of how bad fast food is for the body‚ and also questions how responsible consumers
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source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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Rationale Inventory systems are tracking systems that inform the amount of raw materials‚ supplies or final products have readily available. Updated each time you sell an item or use raw materials to create and to know what you available for the following day or week. This type of system allows ordering products in advance‚ so you have everything you need at all times. Man has come along his way in doing business transactions with each other. Inventory system put you a head
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governs the accounting treatment for inventories. IAS 2 “provides guidance on the determination of the cost and subsequent recognition of expense (including write-down of inventory to its net realizable value). The Standard also provides guidance on the cost flow assumptions (“cost formulas”) that are to be used in assigning costs to inventories” (Mirza‚ Orrell and Holt). In addition‚ IAS 2 provides guidance on write-down reversals. IAS 2 applies to all inventories except work in process under construction
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