| Question : | (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2‚250‚000 and direct labor hours are budgeted at 415‚000 hours. Actual overhead was $2‚200‚000 and actual direct labor hours worked were 422‚000. (a) Calculate the predetermined overhead rate. (b) Calculate the overhead applied. (c) Determine the amount of overhead that is over/underapplied. | | | Student Answer:
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Answer 5‚ 6 p. 71 5. What two things must you normally specify in a variable declaration? You must specify the variable type and identifier. 6. What value is stored in uninitialized variables? Some languages assign a default value as 0 to uninitialized variables. In many languages‚ however‚ uninitialized variables hold unpredictable values. Algorithm Workbench Review Questions 3-10 p.71 3. Write assignment statements that perform the following operations with the variables a‚ b‚ and c.
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Sarah Jacob How to Apply First Aid Demonstration Speech Introduction: I know all of us at some point have gotten a cut or scrape and started bleeding or you just freak out and don’t know what to do. All though out life we go through different experiences that leave us with all kinds of injuries‚ weather it be cooking in the kitchen‚ riding your bike or just walking down the street‚ accidents can happen. And though all my personal experiences I’ve learned that there is a proper way of taking
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Running head: Accounting Assumptions‚ Principles and Constraints Accounting Assumptions‚ Principles and Constraints Axia College Basic assumptions accounting consists of four assumptions; monetary unit assumption‚ economic entity assumption‚ time period assumption‚ and going concern assumptions. The monetary unit assumption states that only transaction data that can be expressed in terms of money be included in the accounting records. Economic entity assumption is the activities of the
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Qualitative Characteristics of Accounting Information Qualitative characteristics are the attributes that make the information provided in financial statements useful to users. The four principal qualitative characteristics are understandability‚ relevance‚ reliability and comparability. It is also pointed out that these qualitative characteristics may need to be balanced against one another. (John Wiley& Sons Australia‚ Ltd‚ 2009) The relative importance of the characteristics in different cases
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Social care values and principles and their influence in practice INTRODUCTION In this essay I will explain the importance and relevance of values to social care‚ while describing how they impact on care practice. I will also offer my interpretations of ‘Social Justice’ and ‘Individual Worth’‚ considering the influence of psychology and sociology on these social care values. IMPORTANCE AND RELEVANCE OF VALUES In social care‚ ‘values’ can be regarded as particular types of beliefs that people
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What is Fair Value Accounting? An alternative approach to measurement that seeks to capture changes in asset and liability values over time. The International Accounting Standards Board (IASB) defines fair value as "... an amount at which an asset could be exchanged between knowledgeable and willing parties in an arms length transaction". Under the fair value measurement approach‚ assets and liabilities are re-measured periodically to reflect changes in their value‚ with the resulting change impacting
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thirty years ago his work is still seen in the classroom today. There are three educational principles that are derived from Piaget’s theory that continue to have a major impact on both teacher training and classroom practices‚ particularly during early childhood. Discovery learning‚ sensitivity to children’s readiness to learn and acceptance of individual differences are the three educational principles that are still impacting the educational atmosphere (Berk‚ 2010). Discovery learning encourages
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------------------------------------------------- Subject: Managerial Accounting Case 1 Seligram In the Seligram case‚ the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost‚ which is the overhead‚ was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden
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Advantages of management accounting information The provision of management accounting information are for the intention of planning‚ control and decision making which may contribute to the success of an organization. Management accounting is the process of gathering information about economic activity that will be advantageous for the organization. For the planning of an organization‚ the manager can use the historical‚ present and future information obtained from management accounting which based on the
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