the costs for the year. The restaurant wanted to see what some of their fixed and variable costs were for the year. They also wanted to make sure they remain in their relevant range. The costs focused on were the cost of hamburgers (raw materials) and the cost of building rent. It was determined that the raw materials were the variable costs because the cost will vary based on production of hamburgers. A variable cost is a cost that will change in direct proportion to changes in the cost-driver
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From the A12 redesign proposal‚ it shows that the current standard cost system is unable to link the reduction in the number of parts to activity reductions and cost savings. The labor-direct-based standard cost system reflects the cost of A12 is distorted. Using the ABC system‚ according to the activities of A12 allocate the overhead cost to A12 that could find that the current overhead cost of A12 was overstated by the standard cost system. At last‚ A12 Junction Box could be identified it is an attractive
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Cost Reduction Techniques I. Introduction a) Why the need for cost reduction measures b) Who can implement these methods? c) Can I really make a difference? Organizing and Developing a Successful Cost Reduction Program a) What management can do about cost reductions b) Developing your cost reduction program c) Waste Prevention and its impact to the bottom line d) Operational analysis – a key to many savings e) Promoting a cost reduction program f) Communication results to all levels of management/organization
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Marginal costing 298) Flow of Costs under Full Absorption & Marginal Costing PERIOD COST Selling and administrative expenses FULL ABSORPTION COSTING PRODUCT COSTS Fixed manufacturin g overhead Variable manufacturing overhead Direct materials and direct labour Work in process inventory Expenses for the period Cost of goods sold Closing inventories PERIOD COST Selling and administrative MARGINAL COSTING PRODUCT COSTS Fixed manufacturin Variable manufacturing Direct materials and 1 expenses
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SOAL LATIHAN CHAPTER 18 ASISTENSI COST ACCOUNTING UNIVERSITAS BAKRIE 1. 18-16 The following data‚ in physical units‚ describe a grinding process for January : WIP‚ beginning 19‚000 Started during current period 150‚000 To account for 169‚000 Spoiled units 12‚000 Good units completed and transferred out 132‚000 WIP‚ending 25‚000 Accounted for 169‚000 Inspection occurs at the 100% completion stage. Normal spoilage is 5 % of the good units passing inspection
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strategic responses are potentially available to a firm facing competition from manufacturers enjoying a substantial labor cost advantage? Changing a new cost system‚ focusing on customer needs. What issues are relevant in considering moving a manufacturing plant to a low wage location? Direct labor is an important factor‚ which is more relevant on manufacture of a product.
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provision for doubtful accounts is made monthly at the rate of 2% of sales. * Merchandise inventory was $120‚000 at September 30‚ 2004‚ and an increase of $10‚000 is planned for the month. * All merchandise is marked up to sell at invoice cost plus 50%. * Estimated cash disbursements for selling and administrative expenses for the month are $105‚000. * Depreciation for the month is projected at $25‚000. Dewitt is projecting operating income for October 2004 in
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Audiology for number of reasons. Firstly‚ Audiology needs and involves significant direct and indirect patient contact. To name a few processes like otoscopy‚ PTA‚ tympanometry‚ handling hearing implants‚ ear molds and cerumen management exposes clinician to various objects and bodily fluids. (Bankaitis & Kemp 2000). Secondly‚ audiologists work in different types of clinical setups such as health care facilities‚ hospitals‚ physicians’ offices‚ clinics‚ schools‚ aged care facilities and provide
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a Christian nation? What are the major functions of the American family and how have those been changing overtime? Are official attempt to control illegal drugs use succeeding or failing? Do undocumented immigration overall represent a net economic cost or benefit to the United States? The subject of this book is how we find to about social reality. Much of what we know by agreement rather than experiment. Scientists accept an agreement reality but have special standards for doing so. The science
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There were many direct and indirect causes for World War Two to start‚ such as‚ Japan’s enormous expansion‚ Germany’s attack on Poland‚ and World War One’s repercussions on the involved countries. World War Two across the Pacific was caused by the Nationalists Party of Japan as they wanted to expand and conquer all the East-Asian and Oceanian countries‚ which caused the need for aggressive reactions from USA‚ and plunged both countries into the war‚ even though the US was strongly hoping not to get
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