PROBLEM 2-21B Predetermined Overhead Rate; Disposition of Underapplied or Overapplied Overhead (LO1‚ LO7) CHECK FIGURE (2) Underapplied: $68‚600 Adriana Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year: Computer-hours 82‚000
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1. Under cash basis of accounting‚ revenue and expense recognition would occur when cash is received and disbursed. Contrast cash basis of accounting with accrual basis. Give suitable examples. ACCRUAL BASIS OF ACCOUNTING - An accounting basis wherein revenue and expenses are recorded in the period in which they are earned or incurred regardless of whether cash is received or disbursed in that period. This is the accounting basis that generally is required to be used in order to conform to generally
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Discussions for Managerial Accounting: Week 4: Discussion 1 How does activity-based costing differ from the traditional costing approach? When would it give more accurate costs than traditional costing systems? * Activity based costing (ABC) is a method for assigning costs to products‚ services‚ projects‚ tasks‚ or acquisitions‚ based on the activities that go into them and the resources consumed by these activities. ABC contrasts with traditional costing‚ which sometimes assigns costs using
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influencing each other’s attitudes and behaviors a. Reference Groups 4. The concept of the product that passes through various changes in its total life is known as a. Product Life 5. It refers to unique set of brand association that brand strategists aspires to create or maintain a. Brand identity 6. It involves a pricing strategy that changes customers different prices for the same product or service a. Price Discrimination 7. It refers to an arrangement where another company through its
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consumption based on higher wages‚ and sophisticated advertising techniques McNary-Haugen Bill- (Page 489) it sought to keep agricultural prices high by having the government buy surpluses to sell abroad‚ vetoed twice by Coolidge. In his 1927 veto he warned against the tyranny of bureaucratic regulation and control and denounced the bill for benefiting farmers at the expense of the general public welfare. Teapot Dome and other scandals of the Harding Administration- (Page 489) In 1924 a Senate
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BE12-1‚ BE12-4‚ BE12-5‚ BE12-6 Exercise: E12-5 BE 12-1 $450‚000 ÷ $50‚000 = 9 years BE 12-4 | | CashFlows | X | 9% DiscountFactor | = | PresentValue | | | | | | | | Present value of net annual cash flowsPresent value of salvage valueCapital investmentNet present value | | $34‚000 0 | XX | 5.53482 .50187 | == | ($188‚184)( 0)( 188‚184)( 200‚000)($ (11‚816) | The reduction in downtime would have to have a present value of at least $11‚816 in order for the project
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Module Title: Responsible Business Responsibility Audit Report Module Leader: Mark Winter Module Tutor: Mark Winter Katie Anderson Student Number: 1067051204 Date of Submission: 17/12/2012 Contents Heading Page no. 1.0 Introduction 3 Task A 2.0 Environmental Scanning 3 2.1 Operations 3 2.2 Human Resources 4 2.3 Marketing 5 2.4 Finance Task B 6 3.0 Ryanair’s responsible practices
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Section 23 of the Hindu Succession Act: Before and After The Hindu Succession Act came into force on 17th June‚ 1956‚ with the basic objective of providing a comprehensive scheme of intestate succession for Hindus.1 The Hindu Succession Act 1956 was amended in 2005. The amendments were made to make the Hindu Succession Act more empowering to women by altering‚ deleting and adding certain sections. The Hindu Succession (Amendment) Act‚ 2005 sought to make two major amendments in the Hindu Succession
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Part A: DIFFERENCES BETWEEN MANAGEMENT ACCOUNTING & FINANCIAL ACCOUNT 1. Managerial Accounting: The activity involves ‘decision making’ whether to purchase parts already assembled or individual parts. 2. Financial Accounting: It shows that the President is reminding Aminah to prepare a presentation stating an income statement and balance sheet information for last year‚ which the information already exist. 3. Managerial Accounting: Planning‚ controlling‚ evaluating and continuous
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could never be reached. * He was an inspiration man that faced many hardships in his life. * One of first acts as Pope was to improve wages and social position og his Vatican empolyees. * Had to reach people on ground level. * Belived Church needed to be updated‚ modernised‚ renewed. * Believed all different faiths were on similar paths of finding peace and bettering themselves. * One of the first Popes to enter into Polotics. * In 1962 he excommunicated the Cuban President
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