CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the difference
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Chapter 1 An Introduction to Managerial Accounting and Cost Concepts Solutions to Questions 1-1 Managerial accounting is concerned with providing information to managers for use inside the organization. Financial accounting is concerned with providing information to stockholders‚ creditors‚ and others outside of the organization. 1-2 Managers carry out three major activities: planning‚ directing and motivating‚ and controlling. All three activities involve decision-making. 1-3 The
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PORTLAND CEMENT Chemical composition. Portland Cement is made up of four main compounds: tricalcium silicate (3CaOSiO2)‚ dicalcium silicate (2CaOSiO2)‚ tricalcium aluminate (3CaOAl2O3)‚ and a tetra-calcium aluminoferrite (4CaO Al2O3Fe2O3). In an abbreviated notation differing from the normal atomic symbols‚ these compounds are designated as C3S‚ C2S‚ C3A‚ and C4AF‚ where C stands for calcium oxide (lime)‚ S for silica‚ A for alumina‚ and F for iron oxide. Small amounts of uncombined
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573‚000 . After comparing both of these‚ year 2012 is slightly lower than year 2011. In this amount of inventories included raw and packaging materials ‚ work-in-progress ‚ finished goods and spare parts (consumable stores). Raw materials are the things that use in first stage of production and normally it is natural resources (Investopedia‚ n.d.). In my opinion‚ the raw material that Nestle company using are wheat flour‚ palm oil‚ starch‚ wheat gluten‚ mineral‚ salt ‚ sodium carbonate‚ sodium
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agent transmitted through food or water? Salmonellosis is spread to people by ingestion of Salmonella bacteria that contaminate food. Salmonella is worldwide and can contaminate almost any food type‚ but outbreaks of the disease have involved raw eggs‚ raw meat (ground beef and other poorly cooked meats)‚ egg products‚ fresh vegetables‚ cereal‚ pistachio nuts‚ tomatoes‚ and contaminated water. The most recent major outbreak in 2010 involved Salmonella-contaminated eggs from several U.S. producers
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crystallising the para-aminophenol by neutralizing the salt. The resulting para-aminophenol is reacted with acetic anhydride to produce paracetamol. The reactions are summarized as shown below: Process using Paranitrochlorobenzene as a starting raw material Paranitrochlorobenzene is converted to paranitrophenol by means of caustic fusion with caustic soda in an autoclave; paranitrophenol thus obtained is further reduced to paraminophenol by using iron powder. Para-aminophenol crystallises out
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[Type the company name] | ICI paints | Operations management | Submitted by: | Sidra Shahid 03‚Dec 2011 | This paper is developed to meet the Operational management course requirement at Lahore School of Economics BBA IV. | Introduction ICI paints is working for two hundred and thirty years as a leading paint manufacturer company worldwide. It has 120‚000 employees in 166 countries that are dispersed in five basic regions namely BRICKA‚ EMIYA‚ and areas that come under Pakistan
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April 1‚ 2008) 6‚000Stock of raw materials (April 1‚ 2008) 40‚000Work in Progress (April 1‚ 2008) 15‚000Purchase of raw Material 4‚75‚000Carriage inwards 12‚500Factory rent 7‚250Other Production Expenses 43‚000Wages 1‚75‚000Work Managers Salary 30‚000Factory Employees Salary 60‚000Power Expenses 9‚500General Expenses 32‚500Sales 8‚60‚000Stock of finished goods (March 31‚ 2009) 15‚000Stock of raw materials (March 31‚2009) 50‚000Work
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natural environment. The continuum starts with the primary sector‚ which concerns itself with the utilization of raw materials from the earth such as agriculture and mining. From there‚ the distance from the raw materials of the earth increases. 1. Primary Sector The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence
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Year 10 Science Student Research Project – Marking Guidelines Planning the investigation |0 |1 |2 |3 |4 |Marks | |Title Page and Coversheet |Does not include a coversheet and title page |Title page and coversheet do not include all relevant information |Title page and coversheet complete including Name‚ date‚ title of investigation | | | | |Aim |Does not state a problem/research question |States an aim that is not focused |States a focused problem or research question which may be in the form
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