1. Conversion cost is the sum of direct labor cost and direct materials cost. F 2. Depreciation on office equipment would be included in product costs. F 3. When the predetermined overhead rate is based on direct labor-hours‚ the amount of overhead applied to a job is proportional to the estimated amount of direct labor-hours for the job. F 4. Indirect materials are charged to specific jobs. F 5. When a job is completed‚ the goods are transferred from the production department to the finished goods
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What elements of Anglo-Saxon culture are evident in The 13th Warrior? The movie is a third person view of the uncultured northmen society. The Norse warriors are shown as brave warriors who fight for glory. The loyalty displayed by each man to his fellow warrior is astonishing.The 13th Warrior shows an superb variety of elements from the culture of the Anglo-Saxon people. Seen through the eyes of Ahmad ibn Fadlan‚ a Muslim ambassador whom has been exiled from his land‚ he enters a strange land full
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Jesus Garcia Carrera The 13th‚ 14th and 15th Amendments are very important because the US would have a completely different system then how it is now. The 13th amendment says that slavery nor involuntary servitude will be permitted anywhere in the United States unless it’s because of a punishment for crime. The 14th says that everyone in the US will have the same rights and that no state can restrict them. And the 15th states that no government or state government in the US can deny the right to
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SIGNIFICANCE OF 13TH‚ 14TH‚ 15TH AMENDMENTS The 13th Amendment went through a number of significant constitutional processes and stages before finally gaining a place in the United States Constitution as it is today. For example Senate actually passed the Amendment on April 8‚ 1864 but it was not until January 31‚ 1865 that the House would also pass it (Wagner‚ 2006). Even with this‚ actual adoption of the 13th Amendment came to fruition on December 6‚ 1865. The 14th Amendment also went through
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Chapter 2 The Balanced Scorecard and Strategy Map | | ------------------------------------------------- QUESTIONS 2-1 Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers
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Ch8 Pricing Goods for External Sales Pricing Objectives: gain market rate of return Environment: Political reaction to prices patent or copyright protection Demand: Price sensitivity demographics Cost Considerations: Fixed and variable costs short-run or long-run In the long run‚ a company must price its product to cover its costs and earn a reasonable profit Most case: Company does not set the prices‚ competitive market does Price takers: the companies cannot set the price of gasoline by
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Exam Results THE FIELD OF ORGANIZATIONAL BEHAVIOR AND HUMAN PER Please print a copy of this evaluation if you wish to retain it for your records. This exam will be available for you to view and print for 30 days only. Student Number Date Graded 06/08/10 Examination 06052900 Grade 75 Document ID 41658789 Question Number Your Answer Answer Reference 1. B Correct 2. D Correct 3. C Correct
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1. award: 7 out of 7.00 points TF Qu. 1 Activity-based costing involves a two-stage ... Activity-based costing involves a two-stage allocation process in which overhead costs are first assigned to departments and then to jobs on the basis of direct labor-hours. True False True / False Difficulty: Medium TF Qu. 1 Activity-based costing involves a two-stage ... Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing
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Chapter 4 Case 2: Greetings Inc.: Activity-Based Costing Solution: 1. An activity-based costing system may be appropriate for Wall Décor‚ when overhead allocation based job-order costing provides product cost distortion. As seen on previous case‚ this distortion happens when one product is manufacturing in high volume and the others are manufacturing in complexity as well as in low volume. In this situation Wall Décor should change its costing system for selling its high volume produced
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Executive Summary Detailed analysis of Lipton’s current Economic Profit model has prompted immediate changes to how profit is recorded on the Product Line level. Proposed changes to the current Economic Profit include: I. Leave the Working Capital Cost and CRV Depreciation Adjustment in the profit analysis II. Eliminate the Fixed-Asset Charge and OI&D III. Only apply New Product Development charges to new products Goals of these proposed changes: * Ensure product line managers
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