CHAPTER 5 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT 5-16 (20 min.) Cost hierarchy. 1. a. Indirect manufacturing labor costs of $1‚450‚000 support direct manufacturing labor and are output unit-level costs. Direct manufacturing labor generally increases with output units‚ and so will the indirect costs to support it. b. Batch-level costs are costs of activities that are related to a group of units of a product rather than each individual unit of a product. Purchase order-related
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Mandate of Heaven. 2. What are the advantages and disadvantages of a form of writing that is pictographic and ideographic (like Chinese) versus one that is alphabetic? Advantages: A single characater can mean an entire phrase or can have multiple meanings. If you are fluent in the meanings‚ then it is easier to read and ideas can be connected together more quickly.If the pictographs represent everyday things that everybody knows‚ it may be easier to learn to understand the language on the
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Chapter 5 Obtaining energy and nutrients for life CHAPTER REVIEW Key words absorption alimentary canal amylase anus autotrophic autotrophs bile bile duct bolus carnivores cellular respiration chloroplasts chyme colon cystic fibrosis digestion digestive system duodenum emulsification enzymes faeces foregut fermenters gall bladder gastric juice herbivores heterotrophic heterotrophs hindgut fermenters ileum jejunum lacteals large intestine liver mucus oesophagus omnivores pancreas pepsin
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account for its merchandise. On May 1‚ it returned $50 of merchandise due to a defect. Assuming that the purchase was originally bought on credit‚ demonstrate the required journal entry. -Account Payable DR: 50 -Merchandise inventory CR: 50 On June 5‚ X-mart purchased $400 of merchandise with terms of 2/10‚ n/30. If payment is made on June 11‚ calculate the purchase discount that may be taken by X-mart. 400*.02=$8 FOB destination: The seller is responsible for the shipping costs of merchandise sold
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geographical confines of a country is called a. The Circular Flow of Income b. The Circular Flow of Output c. Per Capita Income d. National Income Accounting 5. 6. The table shows some data from a country’s national accounts for one year 7. 8. $ millions 9. Consumers’ expenditure 10. 25 000 11. Gross investment 12. 5 000 13. Government consumption 14. 5 000 15. Exports 16. 4 000 17. Imports 18. 6 000 19. Taxes on expenditure 20. 4 000 21. Subsidies 22. 1 000 23. Net property income from abroad 24. 1 000
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After identifying a significant related party transaction outside the entity’s normal course of business‚ an auditor should Evaluate the business purpose of the transaction. In auditing related party transactions‚ an auditor ordinarily places primary emphasis on The adequacy of the disclosure of the related party transactions. Subsequent to issuing a report on audited financial statements‚ a CPA discovers that the accounts receivable confirmation process omitted a number of accounts that are
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Chapter 5 Outline The Triumph of the British Empire A fragile peace King George’s War failed to establish either Britain or France as the dominant power in North America‚ and each side soon began preparations for another war. The Ohio valley became the tinderbox for conflict. It was the subject of competing claims by Virginia‚ Pennsylvania‚ France‚ and the Six Nations Iroquois‚ as well as by the Native Americans who actually lived there. Seeking to drive traders from the River valley‚ the
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5-1A. During the year‚ Plum Company has a SUTA tax rate of 4.8%. The taxable payroll for the year for FUTA and SUTA is $123‚400. Compute: a. Net FUTA tax ............................................... $ 987.20 b. Net SUTA tax ............................................... $ 5‚923.20 c. Total unemployment taxes ............................ $ 6‚910.40 5-2A. Peyton Company’s payroll for the year is $737‚910. Of this amount‚ $472‚120 is for wages paid in excess of $7‚000 to each individual
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5. The political cartoonist who drew this picture probably believed that A. European nations were pleased with aid given them by the Coolidge administration B. governmental agencies were receiving too much financial support from the Coolidge administration C. American industrial and commercial leaders approved of the Coolidge administration’s business policies D. consumers had benefited from the Federal Reserve Board’s tight money policy from 1925 through 1928 E. Congress was pleased by President
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refers to the pronunciation differences of a standard language‚ a dialect‚ in addition to pronunciation variation‚ has distinctive grammar and vocabulary. Example: The word “y’all” is used in the south‚ almost specifically to that group of people. 5. Nostratic - hypothesized ancestral language of Proto-Indo-European‚ as well as other ancestral language families. Example: The language from which the Proto-Indo-European languages derived. 6. standard language - variant of a language that a country’s
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