CHAPTER 3 Product Costing and Cost Accumulation in a Batch Production Environment ANSWERS TO REVIEW QUESTIONS 3-1 (a) Use in financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost
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per year at a price of $8‚000 each: a. What are her accounting profits? Accounting profits are equal to the total amount of money taken in sales‚ income or/ and revenues minus the dollar cost of production. Sales (25 x $8‚000) ----------------------------------------------- $200‚000.00 Costs of supplies and storage ------------------------------------ $ 30‚000.00 Accounting profits ------------------------------------- $170‚000.00 b. What are her economic profits? Economic profits
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chapter 3 Exe# 6 In question direct labor hours is not given‚ we can find D.Labor hours through this formula Direct labor cost = 40000 = 6250 Hours Per D.Labor hours rate 6.40 1) Prime Cost (2) Conversion Cost Material opening 24000 Direct labor 40000 + purchase 56000 FOH Applied Material available for use 80000 6250 Hours@ 8 50000 - Material ending (20000) Conversion cost 90000 Material used 60000 + Direct labor 40000 Prime Cost 100000
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Lab 14 Remote Windows 7 Administration Exercise 14.1 Create a Custom MMC Console Overview Rather than evaluate the system events on each workstation individually‚ you can create a customized Microsoft Management Console interface containing the Event Viewer snap-in for multiple computers. Completion time 20 minutes Question 1 How can you find out which port Windows Firewall opened up on NYC-CLb? 1. You can check by going to Control Panel>System and Security>Windows Firewall>Advanced
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AJ Davis Department Store Part B AJ Davis Department Store Introduction The following information will show whether or not the manager’s speculations are correct. He wants to know the following information: Is the average mean greater than $45‚000? Does the true population proportion of customers who live in an urban area exceed 45%? Is the average number of years lived in the current home less than 8 years? Is the credit balance for suburban customers more than $3200? Hypothesis testing and confidence
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J OURNAL OF P ROPULSION AND P OWER Vol. 14‚ No. 5‚ September – October 1998 Advanced Rocket Nozzles Gerald Hagemann* DLR‚ German Aerospace Research Center‚ Lampoldshausen 74239‚ Germany Hans Immich† Daimler – Benz AG‚ Munich 81663‚ Germany Thong Van Nguyen‡ GenCorp Aerojet‚ Sacramento‚ California 95813 and Gennady E. Dumnov§ Keldysh Research Center‚ Moscow 125438‚ Russia Several nozzle concepts that promise a gain in performance over existing conventional nozzles are discussed in this paper. It
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TASK C Career Pathway CARE ASSISTANT CARE ASSISTANT SENIOR SUPERVISOR SENIOR SUPERVISOR SENIOR CARER SENIOR CARER NURSE NURSE DEPUTY MANAGER DEPUTY MANAGER HOME MANAGER HOME MANAGER Currently‚ this is the path open to me. I Am currently a Care Assistant for which I needed no formal qualifications to be‚ however‚ an NVQ level 2 or the equivalent of would mean I am entitled to a higher rate of pay. The next step is the Senior Carer‚ In order to apply you must
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Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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Course code GRAV009 Course title Advanced Topics in International Marketing Type of course Compulsory Level of course Graduate Department in charge Graduate school Year of study 1 Semester 2 Number of credits 6 ECTS; 36 hours of class work‚ 126 hours of self-study Lecturer Prof. Dr. Hemant Merchant Email of the lecturer hemant.merchant@yahoo.com Prerequisites Marketing‚ International Marketing; Programme requirements (pre-reading)
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IFRIC 14 IFRIC Interpretation 14 IAS 19—The Limit on a Defined Benefit Asset‚ Minimum Funding Requirements and their Interaction In July 2007 the International Accounting Standards Board issued IFRIC 14 IAS 19—The Limit on a Defined Benefit Asset‚ Minimum Funding Requirements and their Interaction. It was developed by the Interpretations Committee. In November 2009‚ IFRIC 14 was amended to address prepayments of future minimum funding requirement contributions. IAS 1 Presentation of
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