EXAM 1 – FORM A ACC 242 Fall‚ 2013 Name__________________________________ 1. The following information relates to a job cost system in a factory: For the year Estimated Actual Factory Overhead $600‚000 $635‚000 Direct Labor $500‚000 $525‚000 Direct Materials $500‚000 $520‚000 Direct Labor Hours 300‚000 hrs. 290‚000 hrs. The factory uses a predetermined overhead rate per direct labor hour to apply factory overhead. During the year jobs which cost $1‚200
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In the novel‚ The Catcher in the Rye‚ by J.D. Salinger‚ Holden feels isolated‚ even in crowded situations and in turn isolates himself even more. Holden isolates himself subconsciously because he does not want to get hurt again like he did when his brother‚ Allie died. However‚ no matter how much Holden isolates himself he ends up getting hurt one way or other. In the novel‚ The Catcher in the Rye‚ by J.D Salinger‚ he uses the isolation to say that people try and isolate themselves that way they
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pads and were easier to change. Furthermore‚ the growing concern over the health risks associated asbestos gave CMI’s pads an added advantage. Government regulations prohibiting the use of asbestos or making them costly to handle‚ could push pile drivers toward CMI’s cushion pads. The prospects prompted Robert Manicucci‚ the vice president of Engineered Products Division at CMI‚ to declare: Curled metal cushion pads seem to have more potential than any other product we’ve ever introduced. A successful
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Manufacturing Overhead Name Institution Manufacturing Overhead Manufacturing overhead costs play a vital role in determining final cost of the product. Manufacturing overhead represents all the costs that the company incurs indirectly and not related to the cost of direct labor‚ direct materials or direct cost of machines (Donald‚ 2010). In short‚ companies are not able to trace these costs to individual items during the manufacturing process. Examples of overhead
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Problem 5-33 First-stage allocation‚ activity-based costing‚ manufacturing sector Overhead Costs: Wages & Salaries Depreciation Rent Other O/H Total O/H Cost $ $ Direct Mfg. Labor Support Wages & Salaries $ 192‚000 Depreciation 15‚000 Rent 36‚000 Other O/H 48‚000 Total O/H Cost $ 291‚000 Activity Rate $ 9.70 Traditional $ 9.70 Order 448200: Direct Mfg. Labor Order Process Design Support Other Direct Materials Direct Labor Direct labor rate/hour Activity Cost Pool Drct Mfg. Labor Order Process
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Table of Contents: 1. IKEA – An Introduction …………………………………………………………………………….. 2 2. The reason of why distribution is such a key element of IKEA’s value chain.. 2 3.1 Distribution System of IKEA ………………………………………………………………………… 2 3.2 Porter’s and IKEA modified value chain ……………………………………………………….. 2 3.3 Importance of distribution for IKEA value chain …………………………………………… 2 3. SMA techniques in IKEA for managing its distribution network ………………….. 3 4.4 Target costing
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UNIVERSITY OF TORONTO RSM 222 H1S MIDTERM EXAM‚ Winter 2011 Instructions: DURATION: AID ALLOWED: 1 hour 50 minutes Non-programmable calculator. Programmable calculators have to be reset before the exam. Total marks on the exam are 100 allocated as follows: Section I Marks Achieved 9 Multiple Choice Questions 3 marks each for a total of 27 marks II Short Answer Questions 18 marks III Problem 1: Job Costing 13 Marks Problem 2: Process Costing 12 marks Problem 3: CVP Problem 15 marks Problem
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actor whose career spans more than three decades. Born in New York City in 1943 to two artist parents‚ he caught the “acting bug” as a young man. He won critical success for his first film‚ Bang the Drum Slowly (1973). However‚ it was 1976’s Taxi Driver that imprinted his range as an actor into many audience members’ minds. De Niro’s character‚ Travis Bickle‚ is A Vietnam vet‚ apparently suffering from Post Traumatic Stress Disorder. This theme of mental illness would be played out in two of De Niro’s
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1. Compute the cost of a single preschool class and a single birthday party using the current cost system. Preschool Class Costs Birthday Party Costs Building Related $216‚000 Does not count Salaries $50‚000+$20‚000*2=$90‚000 $5‚000*2=$10‚000 Supplies & Foods $18‚000 $3‚000 Advertising Does not count Does not count Total $324‚000 $13‚000 Unit Cost $270 $86.67 2. Would you recommend that TRU continue to allocate the building-related costs only to the preschool program? What alternative
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Will Hunting‚ played by Matt Damon‚ in the movie "Good Will Hunting" is the epitome of a psychological paradigm. He can be analyzed in so many ways‚ touching on many of the different fields of psychology. The most interesting thing about Will is the cognitive dissonance he goes through throughout the film. He is torn between these two cognitions‚ both of which contradict each other. One of these cognitions is the fact that he is an orphan from South Boston‚ meaning he should only have a low pay job
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