historical cost accounting still widely and continuously to be used by most companies in their accounting. Conversely‚ reporting current cost in accounting are recommended rather than historical cost as it is the fair value reported in the current year would be beneficial to the firm and the shareholders of the company. 2.0 Historical Cost Accounting and Benefits of Current Cost 2.1 Introduction to Historical Cost‚ Disadvantages and Advantages of Historical Cost The historical cost accounting is
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I MGMT 3100 Production and Operations Management MID-TERM EXAM – SPRING 2012 Name: This is a TAKE-HOME Exam. The exam consists of six questions on 2 pages. You are required to answer ALL the questions. Answer each question thoroughly and show all your calculations. Give clear explanations for your answers where necessary. Completed exams are due on Thursday‚ March 4th by Midnight. You may use regular e-mail or the drop-box to submit your completed exam. EACH STUDENT IS EXPECTED TO
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have a sound knowledge of cost behaviour ie fixed costs‚ variable costs‚ semi-variable costs and sunk costs. Answer: Understanding cost behaviour helps manager in anticipation of changes in cost when there is a change in their activities like production‚ sales‚ inventory pile up etc. It provides good assistance in planning‚ cost management and decision making. A number of behaviour patterns exist ranging from fixed to variable and from linear to curvilinear. Many cost predictions techniques are
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LEADERSHIP: It is a dynamic process in a group or a team ‚ where one individual influences others to contribute voluntarily to the achievement of group tasks in a given situation. Importance of Leadership * Can reduce employee dissatisfaction * Encourages effective delegation * Creates team spirit * Helps to develop skills and confidence in the group * Help to enlist support and co-operation from the people outside the group or organization Traits of Leadership: * Physical
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BBA – 305 PRODUCTION & OPERATION MANAGEMENT Model Questions based on Previous years Question Papers UNIT – I Qs. 1 : Explain the importance of Production & Operation Management in current scenario. Why it has become an integral part of Business Education ? State with examples. [BBA-IP: Dec. 2011] Qs. 2 : Operation Management is becoming a very important subject in Business Education in the last few
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No. FC2013-053895 ) ) ) ) ) ) ) Respondent ) Natalie Camarillo-Cobb Petitioner and Shawn Laidlaw Child Support Worksheet (June 1‚ 2011 Guidelines) DOB: 02/13/2013 AGE: 1 Youngest Grade Estimated: Actual Grade: Presumptive Termination Date: May 31‚ 2031 Children 12 or over: 0 Number of Minor Children: 1 Primary Custodian is: Petitioner Petitioner 1‚100.00 Court Ordered Spousal Maintenance (Paid) / Received [Mandatory] Custodian of P: 0 R: 0
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extended their product range to pumps and flow controllers. The main learning outcome from analyzing the case study is manufacturing overhead cost allocation. Exhibit 2 in the case study shows pumps has a highest manufacturing overhead cost compare to valves and flow controller. The common overhead cost drivers in the production are machine hours‚ production runs and hours of engineering work. The key issue in this case study is the gross margin on pump sales is 19.5% that well below the company’s
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Quiz 2 1) Cost-volume-profit analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects with the total revenues line on a graph. B) identifying which costs are variable
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________ depend on energy stored in chemical bonds by autotrophs for their food energy. 3. Simple molecules are further broken down in cells in a process called _________‚ during which energy stored in their chemical bonds is used to power the production of ATP. 4. Glucose is broken down to carbon dioxide and water in organisms which breathe air in a process called as ________ respiration. 5. In glycolysis‚ a major portion of the energy remains in the final product‚ which is called ________
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Katherine’s pre-existing diagnosis of a learning disability will impact my goals and objectives‚ lessons design and/or assessment plan. As for the objectives and worksheets‚ Katherine will be expected to retell the story in sequential order. Instead of asking Katherine to recall the story based on memory‚ Katherine will be given a worksheet with the list of events that happened in the story. Katherine will have to cut and paste the events in order. I will use Katherine’s classwork as a work
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