Case 10-27 /Rigging Standards 1) How did Preston Lansing Probably ‘rig’ the standard costs-are the standards set too high or too low? Explain The standards are set too high. When the products are run at a lower cost than the standard‚ then this produces a favorable variance. The cost of goods sold and variance should net to the correct cost though and this is the reason the system creates the variance. Lansing set a loose standard which the standard quantities and standard price are high‚ flowing
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Case 3-6 Accounting Standards A. Given the income statement effects of LIFO versus FIFO‚ how will the balance sheet inventory amounts differ between General Motors and Ford versus Honda and Daimler-Benz? In other words‚ will inventory be reported amounts representing recent costs or older historical costs? In your opinion‚ which balance sheet amounts would be more useful to financial statement users in making decisions to buy or sell shares of a company’s stock? Inventory is an asset that
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Is class still relevant in Australia? To facilitate this question‚ the readings of Karl Marx‚ Fredrick Engels‚ Max Weber‚ Helen Marshall‚ R.W. Connell and T.H. Irving will be considered. Connell & Irving (1992) identify ‘class structure’ in Australia with the ‘ruling class’ owning property/business‚ and the ‘working class’ in the way of labourers whom ‘act together in resistance to the capitalists’. This is relevant today in Australia with the privileged having majority of the power and wealth
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In today’s world the pedagogical knowledge gives us many skills in the processes and practices or methods of teaching and learning and how it has to do with educational purposes‚ values and aims. This knowledge is involved in all issues of student learning‚ classroom management‚ lesson plan development and implementation‚ and student evaluation. There are many important factors in the construction of this pedagogical knowledge: The teaching process (teaching as a noun)‚ teaching (as an action) and
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Standard 3 Area of Knowledge 1 The health & Safety Laws that apply to my working environment are: Health & Safety at work Act 1974 COSHH 2002 RIDDOR (reporting of injuries‚ diseases and dangerous occurrences) If a hazardous substance such as bleach is not used appropriately and stored correctly it could become a risk to a YP if used inappropriately. This would come under COSHH Not reporting a serious injury a YP or member of staff sustains is breaking the law and regulations. An
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Individual Essay – For and against the claim that HR Strategies hold the key to organizational performance Introduction Nowadays‚ organizations are facing more and more unprecedented competition in the market. Therefore‚ many organizations today have increasingly become aware of the importance of HR strategies to response to those pressures. However‚ there has been a non-stop debate whether HR strategies hold the key to organizational performance over the past several years. In order to explain
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motivation Hungerford-Kresser‚ H.‚ Wiggins‚ J.‚ & Amaro-Jimenez‚ C. (20112012). Learning from our mistakes: What matters when incorporating blogging in the content area literacy classroom. Jang‚ S. –J (2007). A study of students’ construction of science knowledge: talk and writing in a collaborative group. Kassop‚ M. (2003). Ten Ways online education matches‚ or surpasses‚ face-to-face learning
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The industrial property includes inventions (patents)‚ logo‚ industrial designs and trademarks; copyright includes artistic works literary. Actually‚ intellectual property is an intangible property; its object is the product of intellectual or knowledge. Its value is same as houses‚ cars‚ jewelry and other tangible property‚ and it also protected by governmental laws; for some well-know patents‚ logo and trademark have more value than other tangible property. The reasons for protect intellectual
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Performance Management Introduction: Performance management is the process through which supervisors and those they lead gain a shared understanding of work expectations and goals‚ exchange performance feedback‚ identify learning and development opportunities‚ and evaluate performance results. Importance: It is through this process that organizations are able to create and sustain a workplace environment that: Values continuous improvement Adapts well to change Strives to attain ambitious goals
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EXECUTIVE SUMMARY The performance appraisal system ideally is an organisation designed programme involving both the organisation and the personnel to improve the capability of both. The elements of performance management include: purpose‚ content‚ method‚appraiser‚ frequency‚ and feedback. The appraisal process involves determining and communicating to an employee how he or she is performing the job and establishing a plan of improvement. The information provided by performance appraisal is useful
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