d. profit planning B is correct. Section “Management accounting basics” – Calculating earnings per share is a function for external users of financial information. 7. Management accounting is applicable to a. service entities b. manufacturing entities c. not-for-profit entities d. all of these D is correct. Section “Management accounting basics” – Management accounting applies to any business entity. 10. Financial statements for external users can be described as
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A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers‚ exporters‚ wholesalers‚ retailers‚ transport business‚ etc. They are usually large plain building with loading bays to load and unload goods from truck. They often have cranes and forklifts for moving the goods placed on pallets. The main function of warehouse today is serves much more than traditional function of storage. Some of the main function of warehouse serves today like; receive goods and
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must decide whether to make a component part in-house‚ or to contract it out to an independent supplier. Manufacturing the part requires a non-recoverable investment in specialized assets. The most efficient suppliers are located in countries with currencies that many foreign exchange analysts expect to appreciate substantially over the next decade. What are the pros and cons of (a) manufacturing the component in-house‚ and (b) outsourcing manufacture to an independent supplier? Which option would
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Wig & Hairpiece Manufacturing in the US: Market Research Report Industry Analysis & Industry Trends Splitting hairs The domestic industry will continue to face rising competition from imports‚ as foreign manufacturers produce wigs and hairpieces at a lower cost. Nevertheless‚ the US Wig and Hairpiece Manufacturing industry will benefit from several trends over the next five years. In particular‚ the aging population will result in greater hair loss among individuals‚ boosting demand
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information for a manufacturing Enterprise by compiling a production cost statement. 1. The financial statements of manufacturing enterprises The financial statements of the manufacturing enterprise differs very little from those of the merchandising enterprise. Account titles on the balance sheet of the manufacturer are similar to those used by the merchandiser. The main difference between the balance sheets is the use of three inventory (stock) accounts by the manufacturing enterprise while merchandising
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– costs incurred to detect which of the individual units of products do not conform to specifications E.g.‚ inspection‚ online production manufacturing and process inspection‚ product testing Internal failure costs – costs incurred to detect a nonconforming product before it is shipped to customers E.g.‚ spoilage‚ rework‚ scrap‚ machine repairs‚ manufacturing/process engineering on internal failures External failure costs – costs incurred to
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Each department will calculate its own overhead rate based on department’s overhead and its own base 3. The activity-based costing method. Overhead rate is calculated base on each activity or task. Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical manner than the traditional approach of simply allocating costs on the basis of machine hours. Activity based costing first assigns costs to the activities that are the real cause of the overhead. It
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always be completed in the next accounting period D) no calculation of conversion costs is possible 3) In a normal costing system‚ the Manufacturing Overhead Control account: A) is increased by allocated manufacturing overhead B) is credited with amounts transferred to Work-in-Process C) is decreased by allocated manufacturing overhead D) is debited with actual overhead costs Answer the following questions using the information below: The
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Automobile Industry Manufacturing process Forecasting. Operations management AUTOMOBILE INDUSTRY MANUFACTURING FORCASTING. Why automotive sector? Projected growth of the Indian auto industry translates to 10 -11 % of India GDP by 2016 Auto- component industry in India expected to be USD 45 billion. Policy initiative to market India as an attractive manufacturing destination. Automotive industry promises significant employment opportunities
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AC552 Week 5 Homework Please complete the below problems and submit your answers in the Week 1 Dropbox. See "Syllabus/Due Dates for Assignments & Exams" for due date information. 1. You are on a tight budget and need to decide between the following 3 texting plans: Plan A: Pay $0.10 per text Plan B: Pay a fixed monthly fee of $15 for up to 500 texts per month and $0.08 for each text over the 500. Plan C: Pay a fixed monthly fee of $25 for up to 1‚000 texts per month and $0.05 for each text
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