PAPER – 5 : ADVANCED MANAGEMENT ACCOUNTING QUESTIONS Marginal Costing Vs. Absorption Costing 1. During the current period‚ ABC Ltd sold 60‚000 units of product at Rs. 30 per unit. At the beginning for the period‚ there were 10‚000 units in inventory and ABC Ltd manufactured 50‚000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead
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Activity-Based Costing in Banking Jessica Phinney ACC522: Budgeting and Cost Accounting Professor Guenther April 15‚ 2013 Activity-based costing (“ABC”) is considered one of the best and most popular tools for allocating costs by identifying individual activities as cost objects. Originally‚ activity-based costing was mainly used in manufacturing industries but‚ due to its preciseness‚ this system has recently grown popular in the service industries as well‚ including banking
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freedom of speech? The concept of Freedom of speech is one which is held sovereign by many constitutions and individuals‚ especially within the American states. The idea of limiting an American citizen’s freedom of speech would be highly offensive and seen as an act only a dictatorial Government would undertake which‚ with many factors considered‚ is true. The actions that in many cases are considered by these Governments are; Threats of imprisonments if the individual acts in an unfavourable way‚ prohibition
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Experiment #8: Limiting Reactant Abstract In chemical reactions‚ the significance of knowing the limiting reactant is high. In order to increase the percent yield of product‚ increasing the limiting reactant‚ possibly‚ is the most effective. In this experiment we were able to calculate limiting reactants from the reaction of CaCl2. 2H2O + K2C2O4.H2O(aq). As a group‚ we obtained our salt mixture of calcium chloride and potassium oxalate‚ and weighed the mixture. We were able to make an aqueous
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Strategic Management Accounting APC309 Individual assignment Weighting – 100% of the marks for this module This is an individual assignment of 3‚000 words‚ excluding the bibliography and any appendices. The word count MUST be shown on the front cover of the assignment. All of the learning outcomes for the module are being assessed in this assignment. The learning outcomes are shown in the section entitled “Marking Guide”‚ which is further on in this document. The University’s
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Targeting Target Costing Targeting Target Costing COST MANAGEMENT AND INTER-ORGANIZATIONAL PRODUCT DEVELOPMENT OF MULTI-TECHNOLOGY PRODUCTS Martin Carlsson-Wall Dissertation for the Degree of Doctor of Philosophy‚ Ph.D. Business Administration Stockholm School of Economics 2011 Keywords: Target costing Cost management Accounting Inter-organizational accounting Management control Inter-organizational relationships Product development Inter-organizational product development Multi-technology
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IMPLEMENTATION OF SCIENTIFIC COSTING IN BULK DRUG AND R&D DEPARTMENT OF A PHARMA INDUSTRY Submitted By KAUSTUBH NIJASURE Under the guidance of Prof. P.M. Nayak A PROJECT SUBMITTED IN PART COMPLETITION OF MMS TO THE Vidyalankar Institute Of Technology Wadala (East)‚ Mumbai 400 031 JULY 14th‚ 2008 Executive summary: Centaur Pharmaceuticals Pvt. Ltd. has following divisions: 1. Bulk Drug 2. Formulations 3. Research and Development 4. Clinical Research
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Sam (name changed to protect confidentiality) is a nine month old boy who was born at 26 weeks and diagnosed with chronic lung disease. He was sent home on 0.3 litres (L) of oxygen per minute with the view of gradually weaning this down as he grew stronger. When I joined the community nurse visiting Sam at home‚ he had been weaned down to 0.1L of oxygen per minute‚ so was now having his time on oxygen weaned down; from continuous oxygen eventually to none. The community nurses follow the trust’s
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Technology is one of the greatest inventions of all time. Screen time is part of almost everyone’s life every day. Many people believe that screen time is a big problem‚ yet that is not entirely true. Excessive screen time is harmful when turned into an addiction‚ yet a little screen time a day can be helpful. Parents believe that the best way to control screen time is to limit it at home. I believe that parents should not limit screen time at home because it can teach kids to be independent
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I. Identify and classify different types of cost incurred in Foxwood Company with an appropriate cost classification There are many concepts of cost in an organization. Costs also are used in different business applications‚ such as financial accounting‚ cost accounting‚ budgeting‚ capital budgeting‚ and valuation. Consequently‚ there are different ways of categorizing costs according to their relationship to output as well as according to the context in which they are used. Following this summary
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