11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
Premium Revenue Costs
APPLE INC FORMReport) 10-K (Annual Filed 10/27/09 for the Period Ending 09/26/09 Address Telephone CIK Symbol SIC Code Industry Sector Fiscal Year ONE INFINITE LOOP CUPERTINO‚ CA 95014 (408) 996-1010 0000320193 AAPL 3571 - Electronic Computers Computer Hardware Technology 09/30 http://www.edgar-online.com © Copyright 2011‚ EDGAR Online‚ Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online‚ Inc. Terms of Use. Table of Contents UNITED STATES
Premium Apple Inc.
Topps Company’s Annual Report Name ACC 281 Accounting Concepts for Health Care Professionals Instructor: LaKeitha Givens date Topps Company’s Annual Report The Topps Corporation was established in 1938 and is mainly known for their sales in sports trading cards‚ candy and other popular entertainment products. In this paper‚ I will analyze the Topps Company’s annual report. I will discuss the business’s inventory turnover ratio and average days to sell their inventory for 2006
Premium Balance sheet Annual report Inventory
PRESENT FOR THE FUTURE DBS Group Holdings Ltd | Annual Report 2012 DBS. Living‚ Breathing Asia Present for the Future With our roots as the Development Bank of Singapore‚ DBS has helped finance the growth of Singapore. Through POSB‚ the nation’s oldest bank‚ DBS has also inculcated a culture of thrift and savings in many generations of Singaporeans. Over the last few decades‚ we have helped individuals to protect and grow their wealth‚ played an integral role in developing Asia’s capital
Premium Board of directors Bank Singapore
n a popular Internet role-playing game called Second Life‚ people can create a virtual identity for themselves‚ choosing such things as their age‚ sex‚ and appearance. These virtual characters then do things that people in the real world do‚ such as having sex. Depending on your preferences‚ you can have sex with someone who is older or younger than you – perhaps much older or younger. In fact‚ if your virtual character is an adult‚ you can have sex with a virtual character who is a child.If you
Premium Video game Sexual intercourse Video game controversy
My role model We all know what role model means but for those whodon’t know: Role model can be any one‚ it could be a person‚ animal‚ bird etc. these are the one who completely changes the way of living of someone. They are extremely unique and have an extraordinary bond between each other. Who can be your role model? I know it is very difficult to decide our role model because many people in our life have done something special for us. It’s not so that everyone should have a role model in his
Premium Tiger
ANNUAL REPORT KROGER CO. 2011 Tiffany Mullins 5/26/2011 Strayer University Acc 100 Professor Barbara McGuire The Kroger Co. was founded in 1883 and incorporated in 1902. It is one of the nation’s largest retailers‚ as measured by revenue. The Kroger Co is currently ranked #2 in the industry on the Fortune 500 list and # 25 overall. There revenues are earned and cash is generated as consumer products are sold to customers in their stores. They earn income predominately by selling products
Premium Balance sheet Income statement Generally Accepted Accounting Principles
Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
Premium Costs Fixed cost Variable cost
Target Corporation’s Annual Report/ Financial Analysis Project Antoinette Rease Meagan McGahee ACCT 2030 FALL 2010 History of Target With its headquarters in Minneapolis‚ Minnesota‚ Target is a continuously striving company focused on improving every aspect of their business – whether it’s their merchandising for guests‚ technology solutions‚ or even the future design of the company. The first Target store was founded and created in 1932 in Roseville‚ Minnesota by George Dayton. Originally
Premium Balance sheet Financial statements Target Corporation
Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
Premium Costs Cost