product costs are the direct materials‚ and manufacturing overhead that are involved in acquiring or making products. Products costs are assigned to an inventory account on the balance sheet and considered to be assets. When the goods are sold‚ the costs are released from inventory and are recognized as expenses in the income statement. Period costs are all the costs that are not included in product cost‚ such as advertising‚ executive salaries‚ and other nonmanufacturing costs. These costs are expenses
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Rising Fears and Rising Tensions After the end of WWII‚ times were changing‚ for the worst. This was caused by a new‚ worldly‚ problem affecting our country‚ the threat of the Reds. It all started when America and Great Britain were forced to ally with Stalin. America and Great Britain never really trusted him; Stalin feared Capitalism and expected the whole world to be like Russia‚ Communist. These trust issues are what led to many incidents and disagreements. These issues are what led to the
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In developing countries a double environmental effect is occurring: old environmental problems‚ such as deforestation and soil degradation‚ remain largely unsolved. At the same time‚ new problems linked to industrialisation are emerging‚ such as rising greenhouse gas emissions‚ air and water pollution‚ growing volumes of waste‚ desertification and chemicals pollution. ENVIRONMENTAL REGULATIONS: Since environment regulation tends to be weak in developing countries some of these countries have begun
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The Impact of Ethics in Rising Gas Prices Introduction In this paper‚ I will be discussing the effects of ethics and how it plays a very important fact in today’s gas prices. I will be explaining the impacts on the financial decision making‚ and financial management objectives. This paper will show how gas prices have increased over the last few years. Why Gas Prices Are Rising Today gas prices are on the rise. Most Americans are wondering why. The gasoline inventories fell for the fourth
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different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in
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student to private or public college‚ and I would recommend public college because they are cheaper compared to private colleges and the student would have less stress because of a small debt. During senior year of high school‚ students search for colleges which have their majors and meet their affordability. They try to score high on the SAT’s‚ keep their GPA high‚ do volunteer services‚ and extracurricular activities so that they get accepted to the applied colleges. Most of the students dream
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Ridiculous Cost of Education It can be heard all the time that college is far too expensive. This statement is often spoken without much thought‚ nor do many people give it much consideration. The fact that college in the United States is very expensive is a widely known fact‚ but shouldn ’t it be thought of as a problem rather than being accepted as a part of American life? A college education is now a crucial requirement for most careers and if one wants to have a successful future‚ a college degree
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Cost Classifications for Decision-Making. Every decision involves choosing from among at least two alternatives. Only those costs and benefits that differ between alternatives are relevant in making the selection. This concept is explored in greater detail in the chapter on relevant costs. However‚ decision-making contexts crop up from time to time in the text before that chapter‚ so it is a good idea to familiarize students with relevant cost concepts. 1. Differential Costs. A differential cost
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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College Comparison Essay Choosing a College or University is very hard to do‚ especially when each one is different. We as students need to decide what we want and are looking for in a college/ university. I believe that there is one right university for me out there‚ but I have to look very hard. When looking for a college/ university I have to know what I want to major in‚ and do for the rest of my life. While I was looking for my two colleges I went by a list of items and narrowed my picks down
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