INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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Apple‚ Inc. a) Operational Balanced Scorecard: Apple‚ Inc. Increasing customer expectations and a rapidly changing market are continually putting pressure on Apple to maintain a balanced scorecard. From the information reviewed‚ it is evident both financial and non-financial measures of Apple operations constitute the management of their strategic decisions and evaluations of the cost of quality measures. Using the balanced scorecard approach to define the financial positioning of Apple creates
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Jenine Teixeira ACFI 406 9/24/12 Assignment chapter 19 Q: 1‚ 2‚ 11‚ 15 1. Dickison orders one thousand widgets at $5 per widget from International Widget to be delivered within sixty days. After the contract is consummated and signed‚ Dickison orally requests that International deliver the widgets within thirty days rather than sixty days. International agrees. Is the contractual modification binding? A- Both parties are merchants‚ the change of delivery date would affect the
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Apple Inc. Kenya Jordan‚ Ashley Kirschmann‚ Etta Stewart‚ Leah Monego‚ Rodrigo Ramos ACC/280 March 27‚ 2011 Glenn Purcell Executive Summary for Apple‚ Inc. Company History Apple Inc. is a corporation that designs and manufactures computer hardware‚ software and other consumer electronic products. The company is known for the Macintosh personal computers‚ iTunes media applications and the iPod personal music players. Apple was founded in April 1976 by Steven Wozniak
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Implement the decision‚ evaluate performance‚ and learn An example of interdependencies include absenteeism/low employee morale and increased labour costs. 11‐2 Relevant costs are expected future costs that differ among the alternative courses of action being considered. Historical costs are irrelevant because they are past costs and‚ therefore‚ cannot differ among alternative future courses of action. 11‐3 Quantitative factors are outcomes that are measured in numerical
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Apple …. How it began On February 24‚ 1955 I was born in San Francisco California. I lived in a small ranch with my parents‚ it frequently got cramped but we managed to make it work. When I was very young my father noticed that I had a very high interest in technology. He would bring home Heath kits for me to play with. Heath kits held electronic parts and detailed instructions that let hobbyists build radios and other gadgets. I loved these kits with a passion because it let me further explore my
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Part A- Historical Analysis: A. Business In: Apple Inc. is engaged in designing‚ manufacturing and marketing mobile communication and media devices‚ personal computers and portable digital music players. It also sells a range of related software‚ services‚ peripherals‚ networking solutions‚ and third-party digital content and applications as well as services and support offerings. Specifically‚ the company operates in the Technology sector and serves computer hardware‚ computer software
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Apple Inc. Business Analysis MGT/521 October 4‚ 2011 Apple Inc. Business Analysis Part I Apple Inc. is an American multinational corporation that designs and markets consumer electronics‚ computer software‚ and personal computers. The company ’s best-known hardware products include the Macintosh computers‚ iPod‚ iPhone and iPad. As of August 2010‚ the company operates 301 retail stores in ten countries‚ and an online store. In September of 2010‚ Apple had 46‚600 full time employees and 2‚800
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Also changing the way Americans communicate‚ Apple Inc. has also changed the way Americans learn. Education is something that American’s take serious because it is something that can be taken away from an individual. Apple Inc. is the one that made us be able to access and search the internet. The internet has an incredible amount of all the information that can help a person learn about anything they might need to. Apple has opened up a whole new worldwide creation by creating new devices‚ and that
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