The following essay explains the importance of cost accounting for stakeholders of Multinational Companies‚ particularly the shareholders & the customers. Who are the stakeholders of an organization? according to (Freeman 1984) stakeholder is “any group or individual who can affect or is affected by the achievement of the firm’s objectives” going by this definition stakeholders of a company would include lenders‚ creditors‚ customers‚ shareholders‚ government‚ media‚ political groups‚ local charities
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ACCOUNTING FOR BUSINESS II CHAPTER 1 COST SHEET Meaning And Scope of Cost Accountancy The term cost accountancy is wider than the term cost accounting. According to the Terminology of Management and Financial Accountancy Published by the Chartered Institute of Management Accountants‚ London‚ cost accountancy means‚ “the application of costing and cost accounting principles‚ methods and techniques to the science‚ art and practice of cost control. It includes the presentation of information derived
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help you get familiar with the numbers. Pay particular attention to question 6. 1. The overhead allocation rate used in the 1987 model year strategy study at the Automotive Component & Fabrication Plant (ACF) was 435% of direct labor dollar cost. Calculate the overhead allocation rate using the 1987 model year budget. Calculate the overhead allocation rate for each of the model years 1988 through 1990. Are the changes since
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Solutions to Review Questions Accounting assigns costs and revenues to “responsibility centers” that correspond to the decision authority of managers. This allows the firm to measure performance based on the results of decisions by the manager. An effective corporate cost allocation system separates the results of decisions by corporate managers from those of business unit managers. Although there are well-developed standards for many accounting transactions‚ accounting decisions still depend on the
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Modified Realism Realism in the theatre is when the actors move and talk in a manner that resembles every day life. It became important to create a complete imitation of natural life. But it became apparently that life was not so simple. Realism was adapted and changed to become modified realism. These plays tried to maintain truthfulness to life; however‚ it was artistic truth rather than photographic truth. Theatre artists took the simplification of modified realism a step further and
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Cost Accounting: A Managerial Emphasis‚ 14th Edition Horngren‚ Datar and Rajan Check Figures for Exercises and Problems Chapter 2. An Introduction to Cost Terms and Purposes 2-16 1. S‚ $1.1856 D‚ $1.0213 R‚ $0.6400 2-17 1. yeast D/V‚ flour D/V‚ pkg D or I/V‚ dep ov I/F or V‚ dep mix I/F or V‚ rent I/F‚ ins I/F‚ fact util I/F and V‚ fin labor D/V or F‚ mix mgr I/F‚ matl hand I/F or V‚ cust I/F‚ guard I/F‚ mach I/F or V‚ mach maint I/F or V‚ maint sup I/V‚ clean sup I/F. 2. Dep. M&M‚ MDM‚ MH‚ Mac.
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Chapter 6. Master Budget and Responsibility Accounting 6-16 1. Total revenues $5‚623‚500 2. Total revenues $5‚631‚100 6-17 210‚000 6-18 2‚530‚000 6-19 Prod budget–FG 47‚000 units Pur budget–DM 131‚000 gallons 6-20 1. $3‚000‚000 2. 4‚500‚000 units 3. 100‚000 4-gallon units 6-21 1. Wool: 3‚000‚000 skeins; $6‚017‚450 Dye: 50‚000 gal; $249‚850 2. Weaving: $3.3664/DMLH Dyeing: $28.4644/MH 3. $1‚219.11 4a. $200‚000‚000 4b. $190‚000‚000 5a. $121‚928‚300
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Universidad del Sagrado Corazon Course: Reading for Communication Student: Zaida D. Francisco Professor: Helen Aviles Abreu Human health is not achievable unless adequate amounts of nutritious and safe foods are available and accessible during all life stages. An estimated one-third of the world’s population‚ largely in the developing world‚ is currently food and nutrition insecure. The biologic imperatives for achieving nutrient and food security‚ as well as humanitarian concern‚ are the
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Running head: MODIFIED WORK SCHEDULE Modified Work Schedule Nadia Green Baker College Center for Graduate Studies BUS 615 Abstract When employees are satisfied the organization benefits in many ways in that satisfied employees are more committed to the organization. They are likely to have less absenteeism‚ fewer grievances or engage in negative behavior. Thus by ensuring that employees are satisfied‚ management stands to gain a more efficient and smooth running organization
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DNA. It is being used for modifying genes in plants‚ animals or micro-organisms. One of the places it is often used is with food‚ in order to improve the nutritious quality‚ less use of chemicals such as pesticides and adding flavor. Genetically modified food is considere4d one of the modern production improvements and the largest food experiments in the world’s history. Virtually every crop we eat has undergone hundreds of years of genetic modification by farmers and scientist in search of desirable
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