Introduction Cost accounting is an integral part of estimating a new construction project and estimating a project’s cost is the most important step of all. Estimating project costs is even mentioned in the Holy Bible: "Suppose one of you wants to build a tower. Don ’t you sit down and estimate the cost‚ to see if you have enough capital to complete it? If you don ’t‚ then when you have laid the foundation but can ’t finish‚ all the onlookers start making fun of you and say‚ `This is the man
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Paper on:- “The use of the Historical Cost convention and the accrual concept for stewardship and for decision making” Topic 1: The Historical Cost Convention Introduction The historical cost convention is unarguably one of the most debated topics in the theoretical base of accounting. Some are of the opinion that it should be done away with‚ while others believe that it plays a vital role in presenting an accurate picture of the business concern. The Historical cost convention has different uses
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------------------------------------------------- Genetically modified crops Genetically modified crops (GM crops‚ or biotech crops) are plants‚ the DNA of which has been modified using genetic engineeringtechniques‚ to resist pests and agents causing harm to plants and to improve the growth of these plants to assist in farmers efficiency. Genetic engineering techniques are much more precise[1] than mutagenesis (mutation breeding) where an organism is exposed to radiation or chemicals to create
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As the old saying goes‚ “An apple a day keeps the doctor away”‚ but does it really mean what it used to? People are taking great risks by consuming genetically modified foods. Genetically modified crops‚ foods etc. are made when scientist combine genes from different organisms to get desired traits in a certain organism. Scientist uses this in fruits and vegetables to help make them more nutritious or help with insect resistance. Some of the first GM foods were corn‚ cotton‚ soybean‚ canola and alfalfa
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ILLUSTRATION QUESTION 1 ABC Bhd uses material X which obtain from an outside supplier. Each delivery of material X consists of 30‚000 kg at a cost of RM5 per kg. The cost of ordering is RM10 per order. The lead time for delivery can vary between 12 and 18 days and the rate of usage of material X also varies between 320 and 480 kg per day. Stockholding cost amount to 9% per annum of the average stockholding value. Required: Calculate the following: |Re-order level in kg
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Requirements a. Draw a graph of the total monthly cost of the three plans for different levels of texting. b. Which plan should you choose if you expect to make: i. 240 texts per month? ii. 780 texts per month? iii. 1‚250 texts per month? Comparison of Monthly Costs of Texting Plans | # of texts | Plan A: $0.10 per text | Plan B Costs: $15 up to 500 ($.08 per Text over 500) | Plan C Costs: $25 up to 1000($.05 per Text over 1000) | 0 | 0 | $
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Solutions Manual for suggestions regarding your choices of assignment material for each chapter. 1-1 Management accounting measures‚ analyzes and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. It focuses on internal reporting and is not restricted by generally accepted accounting principles (GAAP). Financial accounting focuses on reporting to external parties such as investors‚ government agencies‚ and banks. It measures and
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Outline Genetically Modified Foods Specific Purpose: To inform the audience about genetically modified foods in Canada. INTRODUCTION Did you know that most of the food and fibre that we consume on a daily basis is in some way genetically modified? Are we really getting the nutritional value that is promised to us on the labels of these foods? The percentage of our daily consumption that is modified seems incredibly high‚ so today I would like to explain what genetically modified foods like plants
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INTRODUCTION Genetically modified food (GM food) is crop‚ plants or just food are created by using the latest molecular biology techniques in laboratories to have the desired traits such as resistance to pesticides and many more. For a period of 10 years‚ between 1995 and 2005‚ the amount of land cultivated with Genetically Modified Organisms had increased from 4.2 million acres to 222 million acres. In 2003‚ the countries that grew 99% of the world’s genetically modified food were the following countries-In
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following information to answer questions 1-3. Tee Times‚ Inc. produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2004 for its Elite Quality golf club sets: Revenues (400 sets sold @ $600 per set) $240‚000 Variable costs 160‚000 Fixed costs 50‚000 1. How many sets of clubs must be sold for Tee Times‚ Inc. to reach their breakeven point? a. 400 b. 250 c. 200 d. 150 2. How many sets of clubs must be sold to earn
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