long- standing no-layoff policy. Furthermore‚ production is highly automated. Accordingly‚ the company includes its labour costs in its fixed manufacturing overhead. The tables sell for $410 each. During the first month of operations‚ the following activity was recorded: Units produced‚ 3‚700; units sold‚ 3‚300. Required: a. Compute the unit product costs under (i) absorption costing‚ and (ii) variable costing. (2 marks) Absorption DM 170 VMOH 18 FMOH (400‚000/3‚700)
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CHAPTER 1 (Introduction to Management Accounting) P-1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30‚ 2014. Raw Materials Factory Insurance $ 4600 Inventory 7/1/13 $ 48000 Factory Machinery Raw Materials Depreciation 16‚000 Inventory 6/30/14 39‚600 Factory Utilities 27‚600 Finished Goods Office Utilities Expenses 8‚650 Inventory 7/1/13 96‚000 Sales Revenue 534‚000 Finished Goods Sales Discounts
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time for activities that improve the mind‚ such as reading and doing word puzzles. Other people feel that it is important to rest the mind during leisure time. • You should write at least 250 words. • You should spend about 40 minutes on this task. In generally‚ people agree that leisure time is important for everyone. We feel tried ourselves after the work‚ the study‚ than we want to spend little time for doing what we want. However‚ everyone like to do another types of activity. Some people
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Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. True False 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. True False 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. True False
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FOUR MANAGEMENT FUNCTION During early part of the twentieth century‚ Henri Fayol French industrialist proposed that all managers perform five management activities that are: plan‚ organize‚ command‚ coordinate‚ and control. But nowadays there management functions have been condensed to four: planning‚ organizing‚ leading and controlling. Managers exist in every business. In fact‚ managers do the same types of tasks in all businesses. Whether a person manages a hair salon or a factory‚ the manager’s
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“The Effect of Level of Activity on Clothespin Squeezing Amount Question: Does exercising/ resting affect the number of times you can squeeze a clothespin in a minute? Hypothesis: If the person DOES NOT exercise before the task then‚ they will be able to squeeze the clothespin more because not exercising/resting allows the body to relax and there are no buildups of waste products. Biological Explanation: Both the respiratory system and the circulatory system are involved within my experiment
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Unassailable logic will not always suffice. And most people with perhaps a little thought accept this but only as theory. Either way‚ a do-nothing approach as we saw it in The Managerial Imperative is persuasive. The waste in business and government is staggering. Plenty of analysis but often no meaningful plan. We have modeled the world to death on many irrelevant issues. What is the point? It is two-fold: one‚ planning fascinates
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Not everything that can be counted counts‚ and not everything that counts can be counted. Albert Einstein LG Electronics‚ Inc established in 1958 and has its headquarter in Seoul‚ South Korea is one of the leading companies in the world which produces electronic and communication devices‚ IT productions. LG which stands for “Life’s Good” determines what the company is striving for. One of the main aim of LG Electronics is ensuring to make the dgigtal life better for its customers. Eco- Friendly
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1. Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon. Ans: Inflation: In economics‚ inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It can be defined as too much money chasing too few goods. When the general price
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that the company is run in an effective way. A successful manager operates as catalysts‚ enablers‚ developers and coaches to help others make decisions instead of making them all themselves (Mitch McCrimmon‚ 2010). As Dario Priolo (2011) said‚ an "effective" manager takes responsibility for ensuring that each individual within his department succeeds and that the team or business unit achieves results. Successful managers require both talent and skill. Managerial skills can be developed through
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