VARIABLE COSTING Learning Objectives 1. Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing. 2. Prepare an income statement under absorption costing. 3. Prepare an income statement under variable costing. 4. Reconcile reported income under absorption and variable costing. 5. Explain the implications of absorption and variable costing for cost-volume-profit analysis. 6. Evaluate absorption and variable costing. 7
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cycle costing. (a) The life cycle concept results in earlier actions to generate revenue or to lower costs than otherwise might be considered. (b) Better decisions should follow from a more accurate and realistic assessment of revenues and costs‚ at least within a particular life cycle stage. (c) Life cycle thinking can promote long-term rewarding in contrast to short-term profitability rewarding. (d) The life cycle concept helps managers to understand acquisition costs vs. operating and support
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OPERATING M86-02 8086 BASED MICROPROCESSOR --------------------------------------After power on the system we have the following text displayed on LCD. If the text is not displayed‚ press reset button. (Note reset always brings LCD to this initial position). Press enter to see the main menu as shown The following we describe the function of each command A= ASSEMBLE This command is used to convert input assembly language into the machine language. To activate simply press ‘A’ on main menu
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Variable costing and absorption costing are the two most commonly used methods of inventory costing for manufacturing companies. The inventory method of variable costing takes place when total direct and indirect variable manufacturing costs are included within inventoriable costs. Fixed manufacturing costs however‚ are considered costs of the period under variable costing. The next method of inventory costing‚ absorption costing‚ includes all variable manufacturing costs as well as fixed manufacturing
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Assignment First Page Student ID number(s): | 30855399 | Student Name(s): | Jin Wang | Module Name: | Operations and Process Management | Module Tutor: | Professor Mike Pidd and Dr. Jerry Busby | Essay/Project Title | Operation Strategies of Low-Cost Airlines and the Fight Back of Established Airlines | Word Count: | 1‚823 | Assignment Due Date: | 17 December‚ 2012 | By submitting this coursework for assessment‚ I/We acknowledge the following: Academic Integrity
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Chapter 7 Exercise #3 – Given a disk pack with 10 platters yielding 18 recordable surfaces… A = Rotational speed = 10ms B = Transfer rate = 0.1ms/track C = Density per track = 19‚000 bytes D = Number of records to be store = 200‚000 records E = Size of each record = 160 bytes F = Block size = 10 logical records G = Number of tracks per surface = 500 a) Number of blocks per track: (C) / (E*F) 19‚000 / (160*10) 19‚000 / 1600 11.875 11 BLOCKS b) Waste per track: C – (E*F*11)
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Backflush Costing Backflush costing is a traditional and standard costing systems track costs as products pass from raw materials‚ to work in progress‚ to finished goods‚ and finally to sales. Such systems are called ’sequential tracking systems’ because the accounting system entries occur in the same order as purchases and production. Sequential tracking is common where management desires to track direct material and labor time to individual operations and products. Backflush costing is a method
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Proposed operating Philosophy of the Generator control system Project : Rooty Hill RSL Club Introduction The site is currently with mains power supplied through three transformers each of 1000KVA. Each transformer is connected to a dedicated switchboard with a fault level of 43KA at 1 second. All switchboards are not normally interconnected though they are connected to each other with a 1600A bus coupler which are locked by Integral Energy. Each switchboard is also served by a diesel
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ACCT346 Final Exam Study Guide YOU MAY WANT TO PRINT THIS GUIDE. 1. The Final Exam is open book and open notes. The maximum time you can spend in the exam is 3 hours‚ 30 minutes. If you have not clicked the Submit for Grading button by then‚ you will be exited from the exam automatically. In the Final Exam environment‚ the Windows clipboard is disabled‚ so you will not be able to copy exam questions or answers to or from other applications. 2. You should click the Save Answers button in the exam
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http://www.writework.com/essay/issues-product-costing-unimportant-virtual-organisations-o Issues of product costing are unimportant for virtual organisations that outsource production operations." Essay by hotsanjaysoni‚ B-‚ March 2005 The topic states that is product costing important for virtual organisations that are outsourcing their production operations. Virtual organisations are those corporation that operate in the world of e-business or e-commerce. A virtual organisation can be defined
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