budget. By having accurate forecasted sales‚ Piele SA would have a solid foundation for all other budgets‚ including Direct and Indirect Cost of Goods Sold‚ Administrative‚ and Commercial categories. Sales did not achieve budgeted targets‚ and Piele SA attempted to adjust budgets accordingly‚ even if the nature of the cost was fixed. Cost of goods sold is the only cost directly variable to revenue. All of the other costs have other drivers that are unrelated to revenue‚ and are fixed in nature. For
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1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a Student Answer: Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as
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light commercial vehicles and vehicle parts Opel designed and manufactured vehicles are also sold under the Buick brand in the United States‚ Canada‚ Mexico and China‚ the Holden brand in Australia and New Zealand and the Vauxhall brand in the United Kingdom. Opel traces its roots to a sewing machine manufacturer founded by Adam Opel in 1862. The company began manufacturing bicycles in 1886 and produced its first automobile in 1899. Adam Opel AG is the parent company of General Motors UK Limited
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Life To The Fullest’’. They will feature in it but just a couple of songs. The type of music I will have on my CD will be R&B and rap. "Déjà Vu" is a song by American singer-songwriter Beyoncé Knowles‚ featuring vocals by rapper Jay-Z. It was produced by Rodney "Darkchild" Jerkins and Knowles for her second solo album‚ B’Day (2006). "Déjà Vu" is an R&B song‚ which incorporates elements of the 1970s funk and soul music. Its music is largely based on live instrumentation‚ including bass guitar
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is in the business of sales‚ revenue is the amount of money the company receives per unit sold. Marginal revenue is the amount of money a company receives for the last unit sold. This is found by dividing the change in revenue by the change in quantity sold. For companies that compete with one another marginal revenue is not very important. This is because in a competitive environment most products are sold at a set price so that marginal revenue is equal to the set sales price of the product.
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TCO B Questions 1. (TCO C) The following overhead data are for a department of a large company. Actual costs Static Incurred budget Activity level (in units) 800 750 Variable costs: Indirect materials $6‚850 $6‚600 Electricity $1‚312
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Although cotton was not the only crop produced in the South-fortunes were made on sugar and rice in Louisiana and South Carolina-it quickly became the most important. With the aid of the cotton gin‚ the South produced more than 330‚000 bales annually by 1820. The dramatic increase of cotton planted and harvested each year was followed by a jump in the size of the slave population
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Because of the vastness of the variety of products produced by Procter and Gamble‚ they have several different competitors‚ although of course these competitors do not compete in all the same industries. The industries that P&G compete in include food‚ personal care‚ business services‚ commercial cleaning and facilities management services‚ consumer products manufacturers‚ and cleaning products. For example‚ P&G makes Pringles‚ whose competitors are basically any chip products‚ including the local
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trial balance lists the balances on the ledger accounts at the period end date. It doesn ’t take into account various items which can only be calculated right at the period once the final position is known. These adjustment include the cost of good sold‚ accrual and prepayment ‚ bad debt. Accrual and prepayment are expenses have been incurred but have not yet been paid‚ and some that have been made in advance. A bad debt is the business find it impossible to collect from the customer. Importance
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LAST NAME: _________________________ FIRST NAME___________________________ PUID________________________________Section________ Purdue University Krannert School of Management MGMT 201 – Managerial Accounting I Summer 2014 Practice Final Exam--SOLUTION This exam consists of 30 multiple choice questions on 10 pages (including this cover page) for a total of 120 points. Answer all questions. No partial credit is available for multiple choice questions. Be sure to put your answers to the
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