manufacturing costs for Finlon Upholstery using the job-order costing system using the following information: Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company ’s work-in-process on December 31‚ 2001‚ consisted of one job (no. 2077)‚ which was carried on the year-end balance sheet at $156‚800. There was no finished-goods inventory on this date. Finlon applies manufacturing overhead to production on the basis of direct-labor cost. (The budgeted
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sold 2630 * Merchandise inventory 2630 Sales 3900 Cost of merchandise sold 2630 Gross profit 1270 Ending inventory 3250 B. * Jan 4 acc rec 3900 * Sales 3900 * Jan 4 cost of merchandise sold 2660 * Merchandise inventory 2660 Sales 3900 Cost of merchandise sold 2660 Gross profit 1240 Ending inventory 3220 Inventory system 1. Perpetua: record sales and cost of merchandise sold uses FIFO LIFO 2. Periodic: records sales only
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CHAPTER 6 MASTER BUDGET AND RESPONSIBILITY ACCOUNTING 6-16 (15 min.) Sales budget‚ service setting. 1. |McGrath & Sons |2009 Volume |At 2009 |Expected 2010 |Expected 2010 Volume | | | |Selling Prices |Change in Volume | | |Radon Tests |11‚000 |$250 |+5% |11‚550
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Professor’s Name: Dr. D. Wadden Group 2: Class Name: BUSI 2231 05 Applied Marketing Date: Wednesday‚ February 12‚ 2014 Hilton HHonor Worldwide Case Analysis Paper Defining the issues There is increased level of competition within Hotel industry and this has made the cost of operation an important aspect in management. Sales and marketing department needs to register and identify market development programs and various demands from customers. There are issues surrounding dynamic pricing which
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In chapter 14 Henry Petroski talks about the decline in the quantity of today’s constructions. Today most of our infrastructure is built with low quantity materials and bad workers‚ which have relatively lower quantities compare to those old time contractures because the developers try to save more money. Under the influence of the society‚ people start to have an inferior attitude and expectation about all the constructions. One of the main reasons why people start to lower the standard of constructions
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Chapter 1—Introduction to Cost Management LEARNING OBJECTIVES |LO 1 |What are the relationships among financial‚ management‚ and cost accounting? | |LO 2 |What are two common organizational strategies? | |LO 3 |What is a value chain‚ and what are the major value chain functions? | |LO 4
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Chapter 8 Segment and Interim Reporting Chapter Outline I. FASB Accounting Standards Codification Topic 280‚ Segment Reporting (FASB ASC 280)‚ provides current guidance on segment reporting. A. ASC 280 follows a management approach in which segments are based on the way that management disaggregates the enterprise for making operating decisions; these are referred to as operating segments. B. Operating segments are components of an enterprise which meet three criteria. 1. Engage in business
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Blog post #2. 6-14 Chapters 6-14 are really good chapters. It mostly talk about the Ndoli and Emma because they like each other. Ndoli is always sitting on the tree and Emma says he is beautiful and she wants him to be with her. At the beginning she sees the guy that killed her mother and she gets really scared to see and she thought the might kill her. She felt really bad and she was shaking that day so Mukecuru stayed with her and helped her. The survivors were laughing and they were going to
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Chapter 1 In this chapter the Finch family is introduced by Scout. Simon Finch established a homestead‚ ‘Finch’s Landing’‚ on the banks of the Alabama River. Both of his sons ended up leaving the landing as‚ Atticus‚ studied law; the other had studied medicine. Their sister Alexandra stayed and took care of the landing with her husband. Atticus moves to Maycomb‚ Alabama where he raises his two children‚ Scout and Jem. These children have always been fascinated by the Radley house because of the
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Chapter 14 talks about the lens model has a balance of external cues and personal judgments when it comes to making a decision. In the chapter in states how the lens model does an excellent job of capturing the “totality of the circumstances.” The views of each person will be different compared to someone else. The chapter also illustrates the psychology of a decision making. It also illustrate on a study about showing three version of five different symbols and what their justification for each
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