Managerial Accounting 10th of March Anhar Hardjakusumah Understanding Cost Concepts Cost Terminology Product (Manufacturing over(head+ direct labor and materials) and Period Cost (selling + administrative) Variable and Fixed Cost Direct and Indirect Cost Controlable and uncontrollable cost Differential (the difference between the cost of two alternative decisions) Marginal (the change in the total cost that arises when the quantity produced has an increment by unit. That is‚ it is the cost of
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for him to use in order to get the new facility off to a great start. For a new international facility to run successfully it is imperative that the manager has job knowledge to be able to teach the new workers how to run the facility. In this case Juan Lopez has the most knowledge of the business and the oil
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Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol.4‚ No.6‚ 2013 www.iiste.org Audit Practice in Global Perspective: Present And Future Challenges AbdulFattah AbdulGaniyy Department of Accountancy‚ The Federal Polytechnic‚ Kaura Namoda‚ Nigeria. * E-mail of the corresponding author:abuaishah1425@yahoo.com Abstract This paper discusses the history of audit and its development particularly Enron and Worldcom scandals as some of the audit failures that increased
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Budget: Financial budget for the total projected cost of ACME Home Improvements de Mexico‚ SA de CV is set at $35‚193‚654 for the 12 month period. The purchased of the land has already been factored in with the cost. 100‚000 sq. ft. Indoor store‚ a 10‚000 sq. Ft. garden outdoor space and two-story parking garage. The cost of construction and inventory figures are based on researched cost of similar stores in Mexico City and inventory goods of stores such as Home Depot and Lowes in the United States
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CASE STUDY 3 - Cash Budget SCHEDULE OF EXPECTED CASH COLLECTIONS FROM CUSTOMERS: Credit Sales May June April (94‚000 * 0.70) = 65‚800 65‚800 May (89‚500 * 0.30) = 26‚850‚ June (89‚500 * 0.70) = 62‚650 26‚850 62‚650 June (75‚000 * 0.30) = 22‚500 22‚500 Total Cash Collections 92‚650 85‚150 SCHEDULE FOR EXPECTED PAYMENTS FOR PURCHASE OF INVENTORY Inventory purchases May June April (195‚000
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The article on Capital Strategy and the Capital Budgeting Decision‚ brought to light some interesting points about selecting investment options that have a positive net present value. Although achieving a positive net value seems like a simple process‚ the article brings up other ways that will allow an organization to continue getting higher rates than the required rate for their respective industry. An important goal for organizations is to continue maintaining competitive advantages that would
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Case study on MacCloud Winery Questions 1. Applying the principles of accrual accounting‚ how should Mike treat the expenditures for the land‚ vines‚ vine planting‚ fertilizing‚ water? Be specific regarding the treatment over time‚ including amounts‚ and the rationale for the treatments. Answer: Following the key accrual accounting concepts: Conversation‚ Realization and Matching‚ we think Mike should treat the expenditures as follows: |No. |Item Description |Treatment
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Dalron Pedro 11 HZ Accounting Report: Control of Fixed Assets Due date: 16 February 2015 Question 1 The drivers carry a full load of goods to Johannesburg but return empty to Durban. Are the drivers receiving a fair remuneration (wage) for work done? Motivate by using calculations. Answer Drivers are not getting a fair remuneration. Drivers are paid per trip and not per hour or days’ work. Drivers are not paid the same amount for the same trip‚ from Durban
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Case 12-02 To Recognize or Not to Recognize‚ That Is the Question Shakespeare Inc. (“Shakespeare” or the “Company”) is a privately held book printing and publishing company with a December 31 year-end. The summary balance sheet as of December 31‚ 2010‚ included: Current assets Noncurrent assets Total assets Current liabilities Noncurrent liabilities Total liabilities Total shareholder equity $ 6‚500‚000 28‚250‚000 $34‚750‚000 $ 4‚500‚000 13‚750‚000 $18‚250‚000 $16‚500‚000 The summary results of
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Links: 70‚000 18‚000 88‚000 80‚000 5‚590 173‚590 b(2)Prepare an income statement and a statement of cash flows for the period October 1–6‚ 2011 12-9-9 Increase in cash Cash balance‚ October 1‚ 2011 Cash balance‚ October 6‚ 2011
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