To: From: Subject: Case S2-1 assignment Date: Memo I watched How It’s Made and chose to tell you about artificial limbs. Job order costing is appropriate to use since artificial limbs are specially made for certain people of all different shapes‚ sizes and colors so each limb is unique. This company would need a cost system because there are many different steps needed to create the limb. A manager would need to decide how much each individual person who spent time making the limb would
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Chapter 2 Discussion Questions 1. What is the meaning of cost behavior and how does the variable cost behave differently than fixed cost (per unit & total)? Cost behavior is the change of cost relative to change in some extent of activity. The total fixed cost remains constant regardless of change in the volume of activity. However‚ the fixed cost per unit is inversely related to the change in the volume of activity. As the change in the volume of activity increases‚ the fixed cost per unit
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Individual Assignment 30% (40 marks) Question Spears Limited is engaged in manufacturing of special component (KWQ 12) be used in for calculators. As a step towards reducing uncertainty over the finance needs of the new business‚ the finance manager has asked you to prepare a cash budget for Spears Ltd for the nine (9) months period from 1 January 2014 till 30 September 2014. You have collected some raw data from the concerned department heads and tabulated them as follows: a)
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“The Fall of Advertising & The Rise of PR”: Book Report The Fall of Advertising & the Rise of PR by Al and Laura Ries demonstrates the dramatic shift from traditional advertising-oriented marketing to public-relations-oriented marketing. The age of advertising‚ they claim‚ is in the past. Advertising was once considered an effective way to encourage consumers to purchase new products‚ however‚ that is no longer the case. Advertising has not only become rampant‚ but it lacks credibility and
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It’s today! The day I turned 16‚ I have been planning for almost a year‚ in order to have a perfect sweet 16 party. I’m able to start driving and be more independent. Birthdays are a huge time investment‚ celebration‚ and important time to see someone’s growth over the past years. When I turn a year older it’s a new year and brand new start. By turning a year older I will help hold myself to a higher standard. I will try to be more responsible and rely more on myself. Some don’t celebrate their birthdays
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Kimberly Collazo Amy Beaudry LIB 101‚ 01 13 March‚ 2013 Lack of schools for children with autism in Puerto Rico A lot of parents with children diagnosed with autism are desperate looking for options of how to educate their children because of the lack of schools for children diagnosed with this disorder in Puerto Rico. As you know autism is “A developmental brain disorder that is accompanied by a variety of symptoms including problems with communication and social interactions‚ as well as
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Chapter 3: Cost-Volume-Profit Analysis 95 Chapter 3 Cost-Volume-Profit Analysis SOLUTIONS LEARNING OBJECTIVES Chapter 3 addresses the following learning objectives: LO1 LO2 LO3 LO4 LO5 LO6 Explain the concepts of cost-volume-profit (CVP) analysis in decision making Apply CVP calculations for a single product Apply CVP calculations multiple products Describe the assumptions and limitations that mangers consider when using CVP analysis Assess operational risk using margin of
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Why would users rely on financial statements? What is an example of a financial measure that an external user might use? What is an example of a financial measure that an internal user might use? Users rely on financial statements to gauge the strength and outlook of companies. Others understand that. One would want that company to make money for them when they invest. If companies didn’t make money for you there would be no reason to buy stocks and no reason the price of a stock would ever
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Review sheet Test 2 Chapters 4 & 5 (33 Multiple choice) Chapter 4 ▪ Definitions or calculations presentation on financial statements- Net Sales‚ COGS‚ gross profit‚ selling and administrative expenses o Sale - sale discount = Net sales o Net sale – COGS = Gross profit o Sale discount + net sale= sale o Sale – net sale = sale dis o Net sale – gross profit= COGS New asset -> inventory Expense -> COGS Revenue -> sales Contra revenue (debit)
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| |1. |Which of the following is the best definition of personality? | | | |a. | | | |Personality is an aggregate set of traits that are mostly determined at birth. | |
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