Allocation and Apportionment of Overheads / Job and Batch costing solution Question 1 (a) Overhead Analysis Sheet Overheads Basis of apportionment Total Machining Assembly Stores Canteen Indirect Wages Number of indirect employees 232000 ( X 232000) ( X 232000) ( X 232000) ( X 232000) 61867 123733 30933 15467 Machinery Maintenance Budgeted machine hours ( X 94000) ( X 94000) 94000 87935 6065 Machinery Insurance Value of machinery ( X 9050) ( X 9050) 9020 6380 2640 Rent
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example‚ hospitals use sophisticated methods for allocating costs of service departments such as Housekeeping‚ Patient Admissions‚ and Medical Records to patient wards and outpatient services‚ and then to individual patients. Historically‚ these allocations were important to hospitals because Medicare reimbursement was based on actual costs. To the extent that the hospital allocated service department costs to Medicare patients‚ Medicare covered these costs. Companies that allocate service department
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Joint-cost allocation. Elsie Dairy Products Corp. buys one input‚ full-cream milk‚ and refines it in a churning process. From each gallon of milk Elsie produces three cups of butter and nine cups of buttermilk. During May 2010‚ Elsie bought 12‚000 gallons of milk for $22‚250. Elsie spent another $9‚430 on the churning process to separate the milk into butter and buttermilk. Butter could be sold immediately for $2.20 per pound and buttermilk could be sold immediately for $1.20 per quart (note: two
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Case # 5-0015 Updated August 18‚ 2003 Note on Private Equity Asset Allocation Over the past 20 years‚ managers of institutional capital have increasingly allocated more funds to private equity. During that time period‚ private equity has been an asset class with relatively high returns compared to public stock market indices. However‚ the recent economic downturn has made it clear that this asset class also has significant risks. This note describes the characteristics and challenges of private
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CHAPTER 16 COST ALLOCATION: JOINT PRODUCTS AND BYPRODUCTS 16-1 Exhibit 16-1 presents many examples of joint products from four different general industries. These include: Industry Separable Products at the Splitoff Point Food Processing: • Lamb • Lamb cuts‚ tripe‚ hides‚ bones‚ fat • Turkey • Breasts‚ wings‚ thighs‚ poultry meal Extractive: • Petroleum • Crude oil‚ natural gas 16-2 A joint cost is a cost of a production process that yields multiple products simultaneously. A separable
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Bridgeton Assignment 1. The overhead allocation rate used in the 1987 model year strategy study at the Automotive Component & Fabrication Plant (ACF) was 435% of direct labor dollar cost. Calculate the overhead allocation rate using the 1987 model year budget. Why do you get different numbers? 2. Calculate the overhead allocation rate for each of the model years 1988 through 1990. Are the changes since 1987 in overhead allocation rates significant? Why have these changes occurred? 3
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country’s organ transplant system under the agreement with the Federal Government” (UNOS‚ 2013). “In the Untied States there are 123‚771 people waiting for a transplant” (UNOS‚ 2013)‚ currently in 2014 that number could be higher. UNOS has an organ allocation process‚ which includes justice‚ and how organs are dispersed to their recipients. It does not mean giving all patients the equivalent or saving only the sickest patient‚ but‚ instead‚ offers that uniform respect and apprehension be assumed to
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Operating Systems 3 – Deadlocks Lab notes Course lectured by Prof. Gabriel Kuper Lab assist. Ilya Zaihrayeu http://www.dit.unitn.it/~ilya/os.htm Deadlock Prerequisites Deadlock can arise if four conditions hold simultaneously: Mutual exclusion: only one process at a time can use a resource. If another process requests that resource‚ the requesting process is delayed until the resource is released; Hold and wait: a process holding at least one resource is waiting to acquire additional resources
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Sheshadri‚ Chief Engineer of Coal India Ltd‚ who graciously took time from his busy schedule to help me out in all possible way. Finally‚ to all my friends who helped me in making this project. Index Chapter | topic | page number | 1 | Introduction | 6 | | -Indian mining industry | 7 | | -Coal mining | 8 | | -SWOT Analysis | 9 | | -Definition of coal | 14 | | -Types of coal | 16 | | -Uses of coal today | 19 | 2 | Objectives
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COAL IS JUST NOT BLACK GOLD PREFACE Drawing upon the organisation in which author is familiar – Coal India Limited‚ largest coal producing company in the world‚ In this paper he critically analyses few existing policies implemented by Government of India and Coal India Limited in mining industry from past few decades‚ works through the complex problems around Coal mining in India and identifies few human resource management related problems and how they have contributed for the company’s stagnation
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