Chapter 2 Discussion Questions 1. What is the meaning of cost behavior and how does the variable cost behave differently than fixed cost (per unit & total)? Cost behavior is the change of cost relative to change in some extent of activity. The total fixed cost remains constant regardless of change in the volume of activity. However‚ the fixed cost per unit is inversely related to the change in the volume of activity. As the change in the volume of activity increases‚ the fixed cost per unit
Premium Costs Variable cost Cost
Individual Assignment 30% (40 marks) Question Spears Limited is engaged in manufacturing of special component (KWQ 12) be used in for calculators. As a step towards reducing uncertainty over the finance needs of the new business‚ the finance manager has asked you to prepare a cash budget for Spears Ltd for the nine (9) months period from 1 January 2014 till 30 September 2014. You have collected some raw data from the concerned department heads and tabulated them as follows: a)
Premium Depreciation Sales Expense
Yough Intermediate Middle School‚ a comical and controlled environment. Waking up everyday to come to school is a nuisance. It worth every second of the day because of the amazing teachers‚ students‚ and staff. The curricular activities are as creative as a Picasso painting. The adventures I have gone on in Yough has taken me through life even more. The adventures have been vigorous‚ inferior‚ and patchy. This year‚ in activity club‚ the students had a chance to go outside in the snow. At the
Premium Education Teacher Learning
http://accounting4management.com/target_costing_pricing_products_and_services.htm http://www.targetachievementllc.com/content/pages/what-is-target-costing http://www.fm-magazine.com/your-questions/you-asked/what-difference-between-%E2%80%98life-cycle-costing%E2%80%99-and-%E2%80%98target-costing%E2%80%99 http://www.ehow.com/info_8403796_benefits-target-costing.html http://www.transtutors.com/homework-help/cost-management/target-costing/advantages.aspx http://www.businessdictionary.com/definition/cost-reduction.html
Premium Costs Cost
Portrait photography What is portrait photography? Portrait photography is photographs of a person or a group of people that shows the expression‚ personality‚ and mood of the subject. Like other types of portraiture‚ the focus of the photograph is usually the person’s face however‚ the background and setting may be included to make the image more effective and meaningful. What portrait photographers main aims are to focus on the person’s face. They aim to give emphasis on the face of the person
Free Photography Camera Color
Abstract The aim of this short paper is targeted at broadening general understanding of the impact of accounting for goodwill in the Non-for-Profit environment based on its financial practicability and how a focus on the fair value of goodwill goes to the heart of the value of an Organization. Various amendments and new accounting rules; Enron and WorldCom misfortunes; Ponzi Schemes and other white collar financial frauds have brought about stricter governance and financial statement reporting responsibilities
Premium Balance sheet Asset Generally Accepted Accounting Principles
Question 1: Although the adoption of a single set of globally accepted accounting standard has become a need to the globalised capital markets nowadays‚ however the international differences in financial reporting practices between countries still exists mainly due to the setting of national accounting standards in different countries by their own respective government. Looking at this issue in a world-wide view‚ we can notice that every country in the world regardless of whether it is a developed
Premium International Financial Reporting Standards Balance sheet Financial statements
Why would users rely on financial statements? What is an example of a financial measure that an external user might use? What is an example of a financial measure that an internal user might use? Users rely on financial statements to gauge the strength and outlook of companies. Others understand that. One would want that company to make money for them when they invest. If companies didn’t make money for you there would be no reason to buy stocks and no reason the price of a stock would ever
Premium Balance sheet Income statement Financial statements
Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
Premium Generally Accepted Accounting Principles Inventory
Kaplan University AC113-01 UNIT 1 ASSIGNMENT My current networking strategies are different in comparison to my past networking strategies. Over the years I have realized how important networking is and that it is something that you must tend to over time in order to reap benefits from it in the future. After all‚ the United States Bureau of Labor of Statistics stated that 70% of jobs are obtained through networking (Caullay). In the past I used to only have friends‚ family members‚ and
Premium Future Employment Time