range to pumps and flow controllers. The main learning outcome from analyzing the case study is manufacturing overhead cost allocation. Exhibit 2 in the case study shows pumps has a highest manufacturing overhead cost compare to valves and flow controller. The common overhead cost drivers in the production are machine hours‚ production runs and hours of engineering work. The key issue in this case study is the gross margin on pump sales is 19.5% that well below the company’s target gross margin of
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Ethiopian beliefs‚ culture and etiquette; How does it affect the way we care for them? Ethiopian beliefs‚ culture‚ and etiquette; How does it affect the way we care for them? Location: East Africa Religions: * Christian 60.8% (Orthodox 50.6%‚ Protestant 10.2%)‚ * Muslim 32.8%‚ traditional 4.6%‚ * Other 1.8% Language: 80 known languages with 200 dialects. Family: * Family is a very important part of Ethiopian culture; their family includes friends‚ and also members of the community
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days. International agrees. Is the contractual modification binding? A- Both parties are merchants‚ the change of delivery date would affect the bottom line price of the widget‚ therefore considered big deal‚ a consent is need in writing for this modification to be binding‚ therefore this modification is not binding 2. In Question 1‚ what effect‚ if any‚ would the following telegram have? International Widget: In accordance with our agreement of this date you will deliver the one thousand
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COST SHEET FOR AMUL ICE-CREAMS [pic] PRESENTED BY HIRAL MEHTA 61 SAURAV MEHTA 62
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Cost of Capital Firms need to make capital investment i.e.‚ purchasing fixed assets such as factories‚ machineries‚ equipment‚ etc. After deciding what capital investments to make‚ they need to decide on the financing – sources of capital. The sources: Long-Term Debt‚ Common Stock‚ Preferred Stock and Retained Earnings. Then they need to find the cost of obtaining each source of financing today (not historical). Cost of Capital - The rate of return that a firm must earn on its investment
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STANDARD COSTS Setting a budget is never easy as it involves predicting the future and therefore uncertainty. The process is not about getting the budget absolutely right; it is about not getting it too wrong. This budget process may be applied to most revenue budgets that deal with income and costs‚ but there is also a requirement to produce a capital budget that covers the purchase‚ sale and replacement of fixed assets. There is normally an investment limit dictated by funding availability and
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Dinesh Singh English 11 Article Title: ...But Not at This Cost Author: Armstrong Williams 1. Speaker: The producer of this piece is Armstrong Williams‚ an African American male who is trying to prove with his points that African Americans are labeling themselves as victims to give themselves easier pathways. The bias is that Williams’s feels that African Americans are letting themselves be specially treated and given certain advantages because of their pasts. In the text Williams states‚
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"Controllable costs are costs which can be influenced by the action of a specified member of an organization. For example‚ the foreman of a production department can control the utilization of power or raw materials in his department and these are‚ therefore‚ controllable costs as far as he is concerned. Uncontrollable costs are costs which cannot be influenced by the action of a specified member of an undertaking. For example‚ the foreman of a production department can control the wastage of
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that incurs cost when producing a product or providing a service” (Kimmel‚ 2009‚ pg. 867). Very important detailed information on how these costs are processed through the company’s work flow. The activity-based costing system shows the company management all the deficiencies‚ where cost improvements are needed‚ and where prices need to be increase for future production or location planning. The other reasons that activity-based costing can be used are that these are variable costs. Under variable
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fields. (The Norwegian currency is the krone‚ which is denoted by Nkr.) The company uses a sob-order costing system arid applies manufacturing overhead cost to jobs on the basis of direct labor-hours. At the beginning of the year‚ the following estimates were made for the purpose of computing the predetermined overhead rate: manufacturing overhead cost‚ Nkr360‚000; and direct labor-hours‚ 900. The following transactions took place during the year (all purchases and services were acquired on account):
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