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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Group 2 Questions for Individual Asset Allocation Exercise: 1. Allocate your fictional $1‚000‚000 among the following three asset categories: Asset U.S. Equities U.S. 30-Year Treasury Bonds Cash Total Allocation 45% 35% 20% 100% Justify your allocation based on your outlook for systematic risk in the U.S. economy over the next year. Based on GDP‚ there is an expected growth in rates for the following quarter‚ though it may
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Handout Cases on Revenue Recognition CASE 1 The Sea-Soft Water Company distributes its water softeners to dealers upon their request. The contract agreement with the dealers is that they may have 90 days to sell and pay for the softeners. Until the 90-day period is over‚ any softeners may be returned at the dealer’s expense and with no further obligations on the dealer’s part. If the water softeners are damaged while in the hands of a dealer‚ Sea-Soft agrees to accept the return of the
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Exercise 4-2 Books of Alvin‚ Managing Partner Feb. 12 Joint Venture 10‚000 Cash 10‚000 14 Joint Venture 2‚000 Larry 2‚000 15 Cash 9‚000 Larry 7‚500 Joint Venture 16‚500 20 Cash 3‚000 Joint Venture 3‚000 20 Joint Venture 7‚500 Income from Joint Venture 4‚287.50 Larry 3‚212.50 10% commission on net purchases
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CHAPTER ONE 1.1 BACK GROUND OF THE STUDY Nigeria as a sovereign nation operates a federal system of government i.e the federal government‚ state government and the local government councils. Onwo (1992) Observed that each level of the three tiers of government derive its powers not from the magnanimity of the central government but from the constitution; each level of government has defined responsibilities assigned to it by the constitution. The implication of this is that the three segments
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Finance 4550 Syllabus Spring 2013 Instructor: Lynn Leary Meyers Phone: 587-7951 finllm@business.utah.edu Office Hours: Monday/Wednesday 11:00 a.m.–1:00 p.m. or by appointment. BUC #18 Important Dates: Last day to drop: January 16‚ 2013. Last day to add: January 13‚2013. Last day to withdraw is March 1‚ 2013. Required Materials: (International Corporate Finance‚ 1st edition‚ J. Ashok Robin. (A good financial calculator is needed. We
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Revenue sources Education systems need to raise sufficient revenues to ensure that‚ if used efficiently‚ students may reach appropriate learning goals at each education level. In general‚ countries raise revenues for education through three broad sources: international‚ public and private. A big challenge for many countries is raising sufficient revenues to expand enrollment while maintaining‚ or even raising‚ school quality. While increasing efficiency in the use of resources is necessary‚ countries
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FREQUENTLY USED FORMULAS FOR MANAGING OPERATIONS CHAPTER 1—MANAGING REVENUE AND EXPENSE Revenue – Expenses = Profit Revenue – Desired Profit = Ideal Expense Part Whole = Percent Expense Revenue = Expense % Profit Revenue = Profit % Desired Profit Revenue = Desired Profit % Revenue – (Food and Beverage Cost + Labor Cost + Other Expense) = Profit Food and Beverage Cost Revenue = Food and Beverage Cost % Labor Cost Revenue = Labor
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The ethics of a company can be measured by different theories. Some of these theories can be used to measure Shell Petroleum Development Company of Nigeria (Shell Nigeria). The first ethical measure discussed is utilitarian reasoning‚ also referred to as cost-benefit analysis‚ which compares the costs and benefits of a decision. Secondly for the human rights theory‚ were the rights of the stakeholders respected? Third‚ the ethical theory of justice is measured by whether the benefits and costs
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and financial statements of the Patton-Fuller financial information. This paper will summarize the relationship between revenue sources and expenses and explain the effect of revenue sources on financial reporting and reviewing the annual reports of 2008-2009‚ and the differences between the audited and the unaudited statements‚ as well as determine how the hospital’s revenues and expenses are grouped for planning and control. How did the audited and unaudited financial statements differ? After
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