Child Labor Child Labor is a fairly big problem in the U.S. as well as many other countries. Children all over are being forced to work in factories or other harmful environments and so to put an end to it‚ our government created a law determining the age required for children to be able to start working in order to protect them. Except there is one problem with the new law. Children are now not capable of applying for a job‚ no matter how much they aspire to get one. If children were allowed to
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000 cases of 4oz‚ 12‚000 cases of 8oz and 3‚000 cases of 12oz bottles. 2-12 a. Line K Break-even point in units=$40‚000/0.6=66‚667 units Break-even points in sales dollars=$40‚000/0.5=$80‚000 Line L Break-even point in units=$20‚000/0.2=100‚000 units Break-even points in sales dollars=$20‚000/0.25=$80‚000 b. The fixed costs for the two products combined are expected to be less than the sum of the fixed costs of each product line operating as a separate business because there will
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MOUNT SAINT VINCENT UNIVERSITY Halifax‚ Nova Scotia Department of Business & Tourism Business 3320 (All sections) Managerial Accounting I Course Outline Fall 2013 Welcome to BUSI3320 Managerial Accounting Why study Managerial Accounting? As a manager (current or future) you will need accounting information to help you make decisions that will enhance your organization. You will learn how to develop and apply this information in the real world. Hopefully you will learn critical thinking skills
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Rubenstein Company’s financial statements: Cost of goods available for sale Manufacturing overhead Cost of goods manufactured Finished goods inventory ‑ ending Direct materials used Sales Selling and administrative expenses Direct labor Work in process inventory ‑ beginning $ 65‚000 20‚000 51‚000 10‚000 15‚000 105‚000 30‚000 20‚000 0 1. The gross margin was: 1. $55‚000. 2. $54‚000. 3. $50‚000. 4. $40‚000. 2. The beginning finished goods inventory
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Cost per equivalent unit $ 1.00 $ 5.00 $ 6.00 Costs accounted for: Units completed (75‚000 $6.00) $450‚000 Ending work in process (12‚000 $1.00) + (11‚400 $5.00) 69‚000 Total costs accounted for $519‚000 5–6 Weighted Average Method‚ FIFO‚ Physical Flow‚ Equivalent Units 1. Physical flow schedule: Units‚ beginning work in process 12‚000 Units started 20‚000 Units to account for 22‚000 Units completed and transferred out:
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BE12-1‚ BE12-4‚ BE12-5‚ BE12-6 Exercise: E12-5 BE 12-1 $450‚000 ÷ $50‚000 = 9 years BE 12-4 | | CashFlows | X | 9% DiscountFactor | = | PresentValue | | | | | | | | Present value of net annual cash flowsPresent value of salvage valueCapital investmentNet present value | | $34‚000 0 | XX | 5.53482 .50187 | == | ($188‚184)( 0)( 188‚184)( 200‚000)($ (11‚816) | The reduction in downtime would have to have a present value of at least $11‚816 in order for the project
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to retire this year. His company can pay him a lump sum retirement payments of Rs 2‚ 00‚000 or Rs 25‚000 life time annuity whichever he chooses. Mr. Sundaram is in good health and estimates to live for at least 20 more years. If his interest rate is 12%‚ which alternative should he choose? Ans Present Value of Annuity 25000*7.469*1.12 = 2‚09‚132 Which is greater than lump sum value of Rs. 2‚00‚000. So Annuity option is better. Q2. Assume that you have given a choice between
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manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year‚ manufacturing overhead and direct labor-hours were estimated at $80‚000 and 16‚000 hours respectively‚ for the year. In June‚ Job #315 was completed. Materials costs on the job totaled $1‚500 and labor costs totaled $2‚400 at $6 per hour. At the end of the year‚ it was determined that the company worked 15‚000 direct labor-hours for the year‚ and incurred $78‚000 in actual manufacturing overhead costs
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Exam Chapter 1-5 Name 1) Managers usemanagement accounting information to A) implement C) communicate strategy. B) choose D) All of these answers are correct. 2) Place the four business functions in the order they appear along the value chain: Customer service Design Marketing Production A) Design‚ Production‚ Marketing‚ Customer Service B) Customer Service‚ Design‚ Production‚ Marketing C) Design‚ Customer Service‚ Production‚ Marketing D) Customer Service‚ Marketing
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Not everything that can be counted counts‚ and not everything that counts can be counted. Albert Einstein LG Electronics‚ Inc established in 1958 and has its headquarter in Seoul‚ South Korea is one of the leading companies in the world which produces electronic and communication devices‚ IT productions. LG which stands for “Life’s Good” determines what the company is striving for. One of the main aim of LG Electronics is ensuring to make the dgigtal life better for its customers. Eco- Friendly
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