When will profits reported under variable and absorption costing differ? How can we reconcile the profits reported under the two approaches? Profits reported under variable and absorption costing will differ when inventory increases or decreases during the year. The difference involves the timing with which fixed manufacturing overhead becomes an expense. Under variable costing‚ fixed overhead is expensed immediately as it is incurred. Under absorption costing‚ fixed overhead is inventoried until
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Lab BCH2333 Section: 4 (Monday afternoon 1st week) Experiment 1: Carbohydrates Separation Techniques Based on Molecular Size Demonstrator: Date Preformed: January 26th‚ 2015 Date of Submission: February 2nd‚ 2015 Team #: Purpose The purpose of this experiment is essentially two-fold. Two of the four experimental procedures of this laboratory will be used to gain a conceptual and practical understanding of separation techniques used to isolate monomers from their respective polymers. Namely
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The structure and function of carbohydrates A carbohydrate is an organic molecule containing only Carbon‚ Hydrogen and Oxygen with the general formula Cn(H20)n. They are made up of individual molecules called monomers which are joined together by condensation reactions to make a longer chain called a polymer. Carbohydrates are categorised in to three main groups; monosaccharides‚ disaccharides and polysaccharides. Monosaccharides are single sugars and are sweet tasting soluble substances such
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looking for the next best thing‚ there are all kinds of fad diets out there that are consistently making outrageous promises to consumers. The latest in the fad diet trend is the “Low Carbohydrate/High Protein” diet. To break it down simply proteins are needed to help the body to grow and repair while carbohydrates provide energy. Both are needed in order for a person to remain healthy‚ which is why fad diets that promote one over the other are harmful to our bodies. Fad diets such as the “low carb/high
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Variable costing and absorption costing are the two most commonly used methods of inventory costing for manufacturing companies. The inventory method of variable costing takes place when total direct and indirect variable manufacturing costs are included within inventoriable costs. Fixed manufacturing costs however‚ are considered costs of the period under variable costing. The next method of inventory costing‚ absorption costing‚ includes all variable manufacturing costs as well as fixed manufacturing
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Absorption and Variable Costing‚ Inventory Management Absorption and Variable costing are very important tools for cost accounting. Both of these costing methods allow you to see the cost of your inventory‚ in a different way. For example the absorption method allows you to assign all costs to the product‚ while variable costing allows only variable costs to be assigned to the product. Inventory management is extremely important as well because it ties into efficiency and lowering your costs
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Absorption & Emission of Light Stimulated Absorption & Emission‚ Spontaneous Emission E2 Incident radiation hν hν Emitted & transmitted radiation E1 Resonance condition E2-E1=hν • Rate of stimulated emission is: −dN1/dt = N1B1->2 ρ(ν) • Rate of absorption is the sum of the rated due to stimulated emission and spontaneous emission: −dN2/dt = N2B2->1 ρ(ν) + N2A2->1 where B1->2 is the Einstein transition probability for induced absorption‚ B2->1 is the Einstein transition probability
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Plant Transport Plants are mostly made up of water. Lettuce is about 94% water and a potato is about 77% water. Plants need water for three main purposes: ------photosynthesis‚ -support -transport of chemicals Water is a raw material for photosynthesis. If water is in short supply‚ the rate of photosynthesis will be limited. Plants need water for support‚ otherwise they wilt. Water is needed to transport many chemicals within plants. Chemicals‚ such as mineral salts‚ dissolve in water and
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PROBLEMS 2. Control charts for X and R are to be established on a certain dimension part‚ measured in millimeters. Data were collected in subgroup sizes of 6 and are given below. Determine the trial central line and control limits. Assume assignable causes and revise the central line and limits. |SUBGROUP NUMBER |Xbar |R |SUBGROUP NUMBER |Xbar |R | | |20.35 |0.34
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Absorption and marginal costing (Relevant to AAT Examination Paper 3: Management Accounting) Li Tak Ming‚ Andy Deputy Head‚ Department of Business Administration‚ Hong Kong Institute of Vocational Education (Kwai Chung) Introduction Absorption costing and marginal costing are alternative cost accumulation systems used to ascertain product or job costs for inventory valuation and cost of sales. Absorption costing Absorption costing includes both variable and fixed production costs in the
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