Home Sweet Home There is no place like my home. My home is a welcoming and secure environment that is perfect for both entertaining guests and just a quiet night of pure relaxation. My home is a place where I find myself feeling safe and loved. The interior and exterior of my house is very unique‚ because my dad designed it‚ and I am very grateful to live where I do. As I cruise down Riverton Drive I pass by my old high school‚ James River. Before turning onto my street‚ just ahead is the entrance
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Catalogue: Introduction: As the largest country in the south Asian subcontinent‚ India is not only one of the oldest ancient civilizations‚ but it also is one of the fastest growing countries in the world. In India the development of the software industry is outstanding‚ also the finance‚ research‚ technical and services industry is developing rapidly. From 2011 to 2012 the gross domestic product (GDP) of India was growing from 1710.9 billion of U.S. dollars to 1872.9 billion which is
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investment (FDI) is far superior to that of India. In fact‚ India has been considered an "underachiever" in attracting FDI. However‚ within this otherwise firm conviction about unmatched Chinese superiority in attracting FDI inflows vis-à-vis India‚ there has occasionally been some scepticism about what all China includes while compiling its FDI figures and consequently about the actual intensity of the FDI gap between China and India as suggested by the official statistics of the respective countries. On
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Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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A Home Away From Home What do you consider a home? Do you define your home as a private place; somewhere you sleep during the night or where you’ve been living you whole life? According to studies‚ “home is where you are most comfortable; it has effects on your education‚ emotions even physical health. Our homes are more than financial assets. They have deep emotional meaning (Ablow)”. But‚ if you ask me‚ a home is where you feel most comfortable‚ where you find yourself most peaceful‚ somewhere
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1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
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