Chapter 1 Basic Cost Concepts Learning Objectives • To understand the meaning of different costing terms to understand different costing methods • To have a basic idea of different costing techniques • To understand the meaning of cost sheet In order to determine and take a dispassionate view about what lies beneath the surface of accounting figures‚ a financial analyst has to make use of different management accounting techniques. Cost techniques have a precedence over the other
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Your model should look like this: Now with the cost drivers in place‚ we are ready to calculate Auntie Wuni’s monthly costs. • Leave a row under the Spaghetti: Px/box row and create a subtitle ‘Total Cost of Ingredients’ in cell B28 • Hit Ctrl-B on cell B28 to render the title in bold • Starting from cell B29 and moving downwards‚ populate the cells in this section simply with the name of the ingredients‚ i.e. Oil; Tomatoes; Rice; Pepper; Fish; Cow-leg; Beans; Spaghetti. • Now move the
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cans of soda). Job-order costing is used in situations where the organization offers many different products or services‚ such as in furniture manufacturing‚ hospitals‚ and legal firms. Process costing is used where units of product are homogeneous‚ such as in flour milling or cement production. The purpose of a job order cost accounting system is to assign and accumulate costs for each job‚ i.e.‚ an order‚ a contract‚ a unit of production‚ or a batch. Job order costing should be used
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(Vince) Xin T. zhou BA 2196 Section (027)/Instructor Andrea Hornett Writing Assignment #3: Analysis 10K vs. Annual Report Objectives Every year Wal-Mart files an annual report to inform their share holders with the company’s most recent activities and financial position. The report’s intentions are to establish and maintain a relationship with its stock holders. In contrast‚ the 10k report files through Security Exchange Commission (SEC) for public companies to show their performance and operation
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QUESTIONS ON CHAPTER 15 (COST OF CAPITAL) 1.) The Wind Rider Company has just issued a dividend of $2.10 per share on its common stock. The company is expected to maintain a constant 7% growth rate on its dividends indefinitely. If the stock sells for $40 a share‚ what is the company’s cost of equity? 2.) The Ball Corporation’s common stock has a beta of 1.15. If the risk free rate is 5% and the expected return on the market is 12%‚ what is Ball Corp.’s cost of equity capital?
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The Cove is a 2009 documentary film that describes the annual killing of dolphins in a Quasi-National Park at Taiji‚ Wakayama‚ in Japan from an ocean conservationist’s point of view.[2][3] The film highlights the fact that the number of dolphins killed in the Taiji dolphin hunting drive is several times greater than the number of whales killed in the Antarctic‚ and claims that 23‚000 dolphins and porpoises are killed in Japan every year in the country’s whaling industry. The migrating dolphins are
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Peanuts and Cost Accounting A problem faced by a Restaurateur (Joe) as revealed by his Accountant-Efficiency Expert (Eff. Ex.) EFF. EX. Joe‚ you said you put in these peanuts because some people ask for them‚ but do you realize what this rack of peanuts is costing you? JOE It ain ’t gonna cost. ’Sgonna be a profit. Sure‚ I hadda pay $25 for a fancy rack to holda bags‚ but the peanuts cost 6 cents and I sell ’em for 10 cents. Figger I sell 50 bags a week to start. It ’ll take 12 ½ weeks to
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knowledge of tools‚ machine techniques‚ crafts system method of organization in order to solve a problem‚ achieve a goal or perform a specific function. It can also refer to the collection of such tools‚ machinery‚ modifications arrangements and procedures. Technologies significantly affect human as well as other animal species ability to control and adapt to their natural environment. In terms of Sales and Order system‚ every day you are retrieving the records reconcile your daily sale‚ while when you
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Assignment: Cost Accounting Applied By Professor Bryan Womack Course Title ACC 350012VA016-1122-001 Cost Accounting February 26‚ 2012 Companies that are successful financially know what their costs are and how those costs are being spent. The company I have chosen wants to change from a general accounting system where costs are put in general categories and they currently do not have any allocation
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Influence of Customer Satisfaction and Switching Costs on Customer Retention: A Survey of Retail Internet Banking Users in Hong Kong WONGChjBo BSc(Hons)‚ MBA‚ MA‚ MSc Student ID No. 9911675L International Graduate School of Management Division of Business and Enterprise University of South Australia A Thesis submitted in total fulfillment of the requirements for the degree of Doctor of Philosophy in Business and Management 24 January 2005 TABLE OF CONTENTS Page No. TITLE
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