Chapter 2 Job Order Costing Learning Objectives After studying this chapter‚ you should be able to: [1] Explain the characteristics and purposes of cost accounting. [2] Describe the flow of costs in a job order cost system. [3] Explain the nature and importance of a job cost sheet. [4] Indicate how the predetermined overhead rate is determined and used. [5] Prepare entries for jobs completed and sold. [6] Distinguish between under- and overapplied manufacturing overhead. 2-1 Preview of Chapter
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The reaction order‚ based on the rate law‚ was first order with respect to crystal violet and second order with respect to OH-. The rate law was as follows: Rate law = k [CV]1[OH-]1 where k equaled 2.61. In order to determine the reaction order with respect to crystal violet‚ the graph that described the relationship between ln[CV] and time (seconds) was Figure 2. Not only did Figure 2 generate a more linear relationship‚ but it had the highest R2 value of 0.992 than ([CV] versus time) and ([1/CV]
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Bryant When an industry decides to implement a new system‚ it is important that the roles‚ responsibilities and dates are clearly defined. It is important that everyone is on the same page and that certain steps are followed to make the smoothest transition possible. In reviewing the implementation of a CPOE system at Memorial Health System‚ there were many indicators that this project was doomed to failure before implementation even started. In this analysis I will highlight some of those indicators
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Definition and Explanation of Job Order Costing System: A job order costing system is used in situations where many different products are produced each period. For example clothing factory would typically made many different types of jeans for both men and women during a month. In a job order costing system‚ costs are traced to the jobs and then the costs of the job are divided by the number of units in the job to arrive at an average cost per unit. Job order costing system is also extensively
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personalities of different individuals. There are factors which are inherent to the environment and there are those determined by the manner by which individuals enter into a particular environment. In much the same way‚ how an infant’s entrance into the world determines in large part how parents and others will respond. In this paper particular view will be taken on the matter of timing that an infant is born. When an infant is born determines in large part the emotions of his or her parents and relatives
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Creative Thinking and Natural/Mental Orders Worksheet Part 1: Creative Thinking Construct as many metaphors as you can about five different things that describe any aspect of your life‚ such as someone you know‚ something you do‚ some place you have been‚ or anything else. Refer to Activity 7.1‚ located in Ch. 7 of Thinking‚ for examples on how to create metaphors. Example: Event /Person/Place: Mother Metaphor: A mountain in the mist; Strong and everlasting; A blanket of safety and
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rapid English colonization. Throughout the years‚ several colonies emerged‚ grew‚ and developed in the "New World." In order to effectively reach their goals and survive‚ people had to establish standardized rules and orders through documents within their communities that would reshape and form their changing lifestyles. Two of the most famous of these documents are the Fundamental Orders of Connecticut‚ written by pilgrims of Connecticut in 1639‚ and the Mayflower Compact‚ which was written by Plymouth
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Taxonomy is man’s attempt to understand the organizational structure of living organisms. It originates from the idea that there was a supreme being who created everything and‚ therefore‚ a perfect organization to living organisms must exist. Each with their own opinion on how organisms should be classified‚ philosophers and scientists alike have attempted to make the perfect arrangement of organisms. These methods are all derived from previous methods‚ hence we must look at Aristotle and Linnaeus
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classroom or out of it. The group of boys in the novel struggle to survive without an authority figure because of their lack of rules and order‚ classifying the others into groups‚ and the dearth of emotion. One theme in Lord of the Flies is rules and order. Throughout the novel you can‚ without a doubt‚ see that the boys are satisfied without having rules and order. As the story progresses‚ they become less and less
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But they are constantly making aluminum. Both of these manufactures would use process costing because they are continuously making large quantities of the same identical product for each period. The costs are allocated to the units of the product in order to create an average cost
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