Normal volume per month is 40‚000 standard labor hours. Jejemon’s january budget was based on normal volume. During January Jejemon’s produced 7‚800 units‚ with records indicating the following: Direct Materials purchased 25‚000 lbs @ P2.60 Direct Materials used 23‚100 lbs Direct labor 40‚100 hours @ P7.30 Factory Overhead P300‚000 Required: 1) Schedule of budgeted production costs based on actual production. 2) Variance Analysis (materials‚ labor‚ and overhead) Determination
Premium Normal distribution Variance Cost accounting
Beauty As a little girl people knew they are beautiful. They are proud of my dark-skin‚ long legs‚ and short hair. Never giving a second thought about the standards on appearances‚ children are as blissful as they come. As they grew up and figured out what society found beautiful‚ they start to feel less and less apart of that mold. Soon many realized that they are not alone‚ as there are many other kids who do not fit into the category of beautiful. To society they are just ordinary girls. As people
Premium Girl Body shape Beauty
Target Costing: A Historical Perspective Patrick Feil‚ Keun-Hyo Yook‚ Il-Woon Kim INTRODUCTION Target costing originated in Japan in the 1960s‚ though it remained a secret for years. Since the 1980s‚ however‚ when target costing was widely recognized as a major factor for the superior competitive position of Japanese companies‚ extensive efforts have been made to convey target costing to Western companies. Many large companies in North America and Europe have tried to adopt target costing to enhance
Premium Cost accounting Cost Costs
ABC Costing Activity-based costing (ABC) is a special costing model that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each. This model assigns more indirect costs (overhead) into direct costs compared to conventional costing models. Aims of model With ABC‚ an organization can soundly estimate the cost elements of entire products and services. That may prepare decisions on
Premium Cost Costs Balanced scorecard
Draft: Beauty is a strong word that could be defined in many possible ways. Not only can we say that a person is beautiful‚ but also nature could qualify as beauty and many other things. Beauty for me is anything that attracts my attention in any way. Though‚ beauty doesn’t mean the same thing for everyone. For some people beauty is only physical beauty for others is nature‚ for other beauty is only in paintings but at the end everyone has one thing in common‚ we all value beauty. Beauty could be
Premium Meaning of life By the Way
Quality cost measurement under activity-based costing Wen-Hsien Tsai National Central University‚ Chung-Li‚ Taiwan‚ Republic of China Introduction Many companies in the world gradually promote quality as the central customer value and regard it as a key concept of company strategy in order to achieve the competitive edge (Ross and Wegman‚ 1990). Measuring and reporting the cost of quality (COQ) is the first step in a quality management program. Even in service industries‚ COQ systems receive considerable
Premium Costs Quality control Quality management
cost the services they render. Product costing is the accounting process of determining all business expenses pertaining to the creation of company products. These costs can include raw material purchases‚ worker wages‚ production transportation costs and retail stocking fees. A company uses these overall costs to plan a variety of business strategies‚ including setting product prices and developing promotional campaigns. A company also uses product costing to find ways to streamline
Premium Cost Costs Management accounting
KAIZEN COSTING FOR A RESTAURANT ABSTRACT Kaizen is a Japanese term for “continuous improvement” or “continual improvement”. A philosophy that involves making the work environment more efficient and effective. Kaizen aims to eliminate waste such as “activities that adds cost but does not add value”. It also means “to take it apart and put it back together in a better way”. This is then followed by standardization of this ‘better way’ with others‚ through standardized work. The key objectives
Premium Management Costs Cost
Jude Josue 02/06/2013 Professor Dubson English 111 Beauty is something that is universally acknowledged. In most societies around the world‚ beauty is what indicates the level of success and attention that a person could achieve. The latter is the reason that most people would sacrifice many things in a heartbeat in order to become what society believes is beautiful. Beauty‚ like everything‚ is a double-edged sword. It could either help someone live an easier life or it could make one’s life
Premium Physical attractiveness English-language films Human physical appearance
5-47 ABC and TOC Discuss the similarities and differences between activity-based costing and the theory of constraints‚ as well as situations in which one approach might be preferable to the other. 5-48 Cycle time efficiency and JIT Walker Brothers Company is considering installing a JIT manufacturing system in the hope that it will improve its overall processing cycle efficiency. Data from the traditional system and estimates for the JIT system are presented here for their Nosun Product:
Premium Costs Variable cost Fixed cost