following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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We will all have experienced double standards once in our lives. We girls are constantly looked down upon for doing certain acts while most of the time boys are praised for the same things. Double standards may only continue to pervade our lives socially. Simply put‚ a double standard is a rule or principle applied more strictly to one gender than another. A simple action or attitude could have completely different implications depending on ones gender. What happens when a man or a woman steps outside
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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Amul’s Diversification Strategy: A Pizza for Rs 20! In early 2001‚ Gujarat Cooperative Milk Marketing Federation (GCMMF)1 planned to leverage its brand equity and distribution network to turn Amul2 into India’s biggest food brand. Verghese Kurien‚ Chairman of GCMMF‚ set a sales target of Rs.10 bn by 2006 as against sales of Rs 2.3 bn in 2001. In 2001‚ GCMMF entered the fast food market in India with the launch of vegetable pizzas under the brand name SnowCap in Ahmedabad‚ Gujarat. GCMMF was also
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I strongly agree with the notation that Economies should be judged on a simple measure: their ability to generate a rising standard of living for all members of society‚ including people at the bottom What does a high standard of living entail? This judgement is relatively subjective‚ but there are a number of factors that seems to be common to most economists’ ideals. These include physical possessions‚ nutrition‚ health care‚ and life expectancy. The more prosperous an economy‚ the better off
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The Double Standard With a Nike basketball shoes‚ and they are double cushion PU soles sold in the world‚ but it became the single cushion when the shoes are sold in China. What’s more‚ the price is 500 yuan higher than abroad. In the U.S.‚ the price is $ 125 (about 800 yuan)‚ and there are two ZOOM cushion. Beijing Industry and Commerce Bureau believes that Nike engaged in "double standards" on the product‚ and the Nike company discriminate Chinese and foreign consumers‚ and it against the Chinese
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Standard Model There are two types of building blocks to everything in the universe: fermions and bosons. Fermions are units of mass. Fermions are the building blocks which make stuff. Bosons are units of force. Bosons are the mechanisms of interaction and exchange. There are four different types of forces in the Standard Model: electromagnetic force‚ the strong force‚ the weak force and gravity. The electromagnetic force explains electricity‚ magnetism‚ and other electromagnetic waves including
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source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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Emerging Standards of Care Deanna Powell NUR/531 December 9‚ 2012 Melanie Wassel Emerging Standards of Care Diversity is exhibited in many ways‚ including a multiplicity of upbringing‚ dress‚ thought‚ lifestyle‚ values‚ food preferences‚ family relationships‚ and in gender‚ ethnicity‚ and age. These factors exist throughout the gamut of health care patients and the interactions designed with the nurses who care for them. Diversity in healthcare refers to the cultural setting in how the patient
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