http://jobview.monster.com/Senior-Accountant-Manager-Job-San-Juan-PR-US-130837373.aspx Questions and answers 1. Under what conditions is direct labor a valid basis for allocating overhead? Direct labor is a valid basis for allocating overhead when: (a) direct labor constitutes a significant part of total product cost‚ and (b) there is a high correlation between direct labor and changes in the amount of overhead costs. 2. What has happened in recent industrial history to reduce the usefulness
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Compare assigned costs per product under both methods. Why has Activity-based costing changed the total costs assigned to each product? By comparing the two cost assigned methods‚ there are some differences existed: Unit Product Cost: | Gadgets | Smidgets | Smadgets | Smadgets | Traditional Costing Method | 400 | 1‚000 | 1‚350 | 850 | Activity-Based Costing Method | 590 | 1‚100 | 760 | 1‚250 | Overhead Cost | Widgets | Gadgets | Smidgets | Smadgets | Traditional Costing Method | 200‚000 |
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| Question : | (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2‚250‚000 and direct labor hours are budgeted at 415‚000 hours. Actual overhead was $2‚200‚000 and actual direct labor hours worked were 422‚000. (a) Calculate the predetermined overhead rate. (b) Calculate the overhead applied. (c) Determine the amount of overhead that is over/underapplied. | | | Student Answer:
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While I was looking for an appropriate topic for research‚ I found an interesting publication‚ which fitted best to the subject (ethics in managerial accounting issues) and also included 5 good examples examples of possible problems associated with the field. The method of the study seemed unclear‚ especially considering the connection between the serial number of a dollar bill and the question to which the respondent had to answer in the end (in my work I will constantly refer back to the text
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ORIGINAL SCHOLARSHIP ONLY – SHARING OF RESPONSES IS COMPLETELY UNACCEPTABLE – SUBJECT TO THE LAHS HONOR CODE CHAPTER TIMELINE AP EUROPEAN HISTORY – LOS ALTOS HIGH SCHOOL MCKAY – CHAPTER 14 STUDY GUIDE – 25 pts. “Reform and Renewal in the Christian Church” (ce 1470 – 1590) Study Guides will be scored HOLISTICALLY using the following criteria: 1. 2. 3. 4. 5. STUDENT’S ORIGINAL SCHOLARSHIP ONLY!! (that means DO YOUR OWN WORK – do not work with someone else!) FINAL PRODUCT MUST REPRESENT PRIDE
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Current Ethical Issues in Managerial Accounting No company can nowadays afford to function alone. Partnerships are increasingly getting important and the effective exchange of information can determine profit or loss. An important method to cope with the increasing complexity is called supply chain management (SCM). It is enterprise-wide planning‚ management and control of all logistics tasks in the value chain. I decided to choose this topic because I had the chance to work with the system
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Chemistry 123 Fall ’14 Exam I (CH I‚ II‚ III) Instructions: Read each problem carefully before you begin. Be certain that you answers are clear and legible: Clearly Circle One Answer Only. Make sure to review you answers before you turn the exam in. Please place your answers on the answer sheet. You should also circle the correct letter for back up purposes. Print your name: ___________________ Sign your name: ___________________ Answer Sheet 1 C 16 A 2 E 17 D 3 B
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MEM 6120 - Engineering Management II Assignment #5 January 8‚ 2013 Chapter 14 14.1 Sustainable development refers to work that simultaneously satisfies economical social‚ and environmental requirements (United Nations‚ 2002). It is self-evident that work must be economically viable so that customers are willing to pay for the work supplied. Work must also be safe and otherwise socially compatible. Furthermore‚ work need to be environmentally acceptable in that harmful discharges are minimized‚ wastes
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------------------------------------------------- Subject: Managerial Accounting Case 1 Seligram In the Seligram case‚ the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost‚ which is the overhead‚ was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden
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Galilee College Managerial Accounting Final Exam Overview for Saturday June 8th Instructions A. Complete the budgeting questions and any one of the others. 1. Service Cost Allocations CLASS: Teck Tecky Water Services provides water for Departments A‚B and C and has prepared its total budget using the following information for the next year:- Fixed Costs $300‚000 Budgeted Gallon Usage:- Variable Costs $0.10 per gallon Dept. A 2‚500‚000 gallons Available capacity 10‚000
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