source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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Discussion Section Principles of Microeconomics Suggested Answers for Problem Set #1 Professor Scholz 1) Portray the following hypothetical data on a two-variable diagram: Enrollment Data: Nowhere U Academic Year 2000-01 2001-02 2002-03 2003-04 2004-05 Total Enrollment 3000 3100 3200 3300 3400 Enrollment in Economics Courses 300 325 350 375 400 Measure the slope of the resulting line‚ give an algebraic representation of the line‚ and explain what the slope means. Answer: Find the slope of
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Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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Biyani’s Think Tank Concept based notes Cost Accounting [ B.Com. Part-II] B.N. Gaur MBA‚ PGDBM‚ Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur Fore more detail:- http://www.gurukpo.com Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www
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The Joy Luck Club “The elements were from my mother’s own vision of organic chemistry. Each person is made of five elements‚ she told me. Too much fire and you had a bad temper. That was like my father‚ whom my mother always criticized for his cigarette habit and who always shouted back that she should keep her thoughts to herself. I think he now feels guilty that he didn’t let my mother speak her mind. Too little wood and bent to quickly to listen to other people’s ideas‚ unable to stand
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CONFIDENTIAL AC/OCT 2010/ACC116/165/211 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COURSE CODE EXAMINATION TIME INTRODUCTION TO COST ACCOUNTING / COST ACCOUNTING ACC116/165/211 OCTOBER 2010 3 HOURS INSTRUCTIONS TO CANDIDATES 1. 2. 3. This question paper consists of five (5) questions. Answer ALL questions in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to
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environment or society as a whole. Moral behavior is any behavior that one person considers and believes is right and wrong‚ which can contradict the thoughts of the society’s conventional behavior. In each book‚ To Kill a Mockingbird‚ The Joy Luck Club‚ and Uglies‚ there was some sort of struggle that made some of the characters oppose what was considered conventional. Atticus‚ Jing Mei-Woo‚ and Tally all went against the conventional behaviors of their towns and in Jing Mei- Woo’s case‚ her family
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Chapter 4: Costs and Cost Minimization Multiple Choice 1. Suppose you are a star basketball player at a major university in your sophomore year. You are sought after by several NBA teams. Which of the following choices best characterizes your opportunity cost if you choose to drop out of college and enter the NBA? a) The value of your college scholarship that you have given up. b) The skills that two more years of playing at your college would have given you along with their additional value
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much older husband is one always filled with much confliction‚ but security. In the short story “Another Evening at the Club” we explore this very bond. Samia‚ a Muslim woman who have found herself to be suited with a man‚ a rather wealthy‚ important man named Abbond Bey. Within the story‚ Samia displays much submissive behaviors while Abbond shows more dominant traits. These two factors radiate the idea of how Samia plays the role she has been practicing for her whole life influences the identity
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drug use. While these campaigns are generally effective‚ teens are still greatly tempted by the dangerous‚ exciting‚ and fast-paced world of club drugs. Despite the information they are constantly receiving from their teachers‚ parents‚ and government media‚ some teenagers will still adamantly pursue drugs in hopes of finding "a good time." Some of the club drugs that teens are likely to try are extremely dangerous and can ruin a person ’s mental or physical health with just a few uses. Because
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