Costing and Cost Accumulation in a Batch Production Environment ANSWERS TO REVIEW QUESTIONS 3-1 (a) Use in financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost management: In order
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England 1053-1065 England at this time saw relative stability the Godwin brothers and their sister dominated the political life in England. Harold was head of the family and called sub-regulus which meant deputy king. The greatest family triumph came from the decisive defeat of the welsh. Edgar Atheling There was an underlying issue of who would be Edwards’s heir upon his death. Edward was not producing a son anytime soon. Prince Edward was actually the heir to the throne has he was the closely
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PROBLEM SET 1 - SOLUTION PROBLEM 1 Part A - Record a liability (and expense) for $800‚000 in 2009. Since the loss has been recorded‚ we don’t have to disclose it. However‚ if the possible loss exceeds $800‚000 (or if the probable loss was a range and we only recorded the minimum) then we need to disclose. Part B - If only 80% of the cans were sold before 12/31/09‚ then record a liability of $640‚000. The recall of the cans sold in 2010 would be disclosed as a subsequent event. Part C - Disclose
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ACCOUNTING TOOLS FOR BUSINESS DECISION MAKING SIXTH EDITION MANAGERIAL This page intentionally left blank Jerry J. Weygandt PhD‚ CPA University of Wisconsin—Madison Madison‚ Wisconsin Paul D. Kimmel PhD‚ CPA University of Wisconsin—Milwaukee Milwaukee‚ Wisconsin John Wiley & Sons‚ Inc. Donald E. Kieso PhD‚ CPA Northern Illinois University DeKalb‚ Illinois Dedicated to the Wiley sales representatives who sell our books and service our adopters in a professional and ethical
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Crystal Morphis Accounting Ac-114 Professor Felder-Strauss Unit 9 Assignment The Accounting Cycle: Simplified The Accounting Cycle is the process used to record a business’ financial activities. The accounting process begins with analyzing a transaction and ends with closing the books. The cycle includes nine steps that are performed in sequence and are repeated every reporting period. The series of steps are extremely beneficial and very effective in reducing errors and catching mistakes. Computerized
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Textbook case: Managerial Accounting for Managers‚ 2nd edition Noreen‚ Brewer and Garrison (McGraw-Hill/Irwin‚ 2008). Case 4-33 Cost Structure; Target profit and Break-Even Analysis Contribution Income Statement for all three scenarios: 15% commission 20% commission Own sales force Sales $16‚000‚000 $16‚000‚000 $16‚000‚000 Variable manuf. cost $7‚200‚000 $7‚200‚000 $7‚200‚000 Commissions $2‚400‚000 $3‚200‚000 $1‚200‚000 -Tot. variable cost ($9‚600‚000)
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Class9discussionproblem Q.1 Assume the following data for IT Corporation and SS Corporation | |IT Corporation |SS Corporation | |Net income |15000 |50000 | |Sales |150000 |1000000
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Body Eugenia Kaw (Opening Eyes)- plastic surgery as a form of internalized colonialism. Cultural stereotypes on what is beautiful and what is not. Subconscious. Racist stereotypes they’re taking action on. Plastic surgery as form on internalized colonialism- look at Eugenia Kaw. Susan Bordo (The Slender Body) -look at consumption vs. accumulation and capitalist contradiction. Consumption vs. Accumulation -from Bordo’s article. “Tight” Bodies as Cultural Symbols of Morality/Self-Control-
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Accounting 309 Excel Assignment 9 You are my teaching assistant for accounting 202 and I’ve asked you to determine and analyze semester grades. a. Use Excel functions‚ formulas and tools whenever possible. b. I want a template for the Grade Book and Grade Scale worksheets that I can reuse for all future classes and semesters by only changing the student’s personal data and grades. No more than 100 students can be enrolled in any section in any one semester. c. I want formulas
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Birzeit University MBA Program Managerial Accounting BUSA 631 Spring 2013 Case 3 The Rohr Company’s old equipment for making subassemblies is worn out. The company is considering two courses of action: (a) Completely replacing the old equipment with new equipment or (b) Buying subassemblies from a reliable outside supplier‚ who has quoted a unit price of $1 on a 7-year contract for a minimum of 50‚000 units per year. Production was 60‚000 units in each of the past 2 years. Future
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