Chapter 3 Systems Design: Job-Order Costing Types of Costing Systems Used to Determine Product Costs Process Costing Chapter 4 Chapter 4 Job-order Costing Many different products are produced each period. Many different products are produced each period. Products are manufactured to order. Products are manufactured to order. Cost are traced or allocated to jobs. Cost are traced or allocated to jobs. Cost records must be maintained for each distinct Cost records must be maintained for
Premium Costs Variable cost Cost
Beauty and the Knife Is it true that someone is able to purchase beauty? No‚ beauty comes without a price tag. Then why do people undergo intense surgery to wear the smallest pant size‚ have the flattest stomach‚ or the largest breasts to be declared beautiful? It is because people are misled with the craze of cosmetic surgery‚ which is on a rapid rise. In the mind of a uniformed patient that is seeking beauty; cosmetic surgery has turned into the solution for any type of flaw on one’s body.
Premium Plastic surgery Breast
10 most beautiful tree tunnels in the world. Trees‚ The longest-living organisms on Earth‚ beautify and protect our environment by providing color‚ shelter‚ and shade. They renew our air supply by soaking up carbon dioxide and producing oxygen.10. Cherry Blossom Tunnel‚ GermanyPhoto — LinkEach spring‚ a peaceful street‚ located in the German city of Bonn‚ transforms into an enchanting cherry blossom tunnel. Photographer Marcel Bednarz captured this stunning sight of cherry blossoms in full bloom
Premium Cherry blossom Bamboo Cherry
What is Beauty? Everyone looks at beauty differently and everyone has his or her own definition of it. In today’s society beauty is seen as a person’s psychical appearance‚ what clothes they wear‚ their hair and make-up‚ and even the shape of their body. The World English Dictionary’s first definition states beauty as “the combination of all qualities of a person or thing that delights the senses and pleases the mind.”(“Beauty” N. pag.) I agree with this definition because I believe beauty goes deeper
Premium Beauty Human physical appearance Positive psychology
Product costing systems in modern manufacturing organisations Product costing refers to the process of assigning shared direct and indirect costs to individual products‚ customers‚ branches or other cost items. (USAID‚ 2007) Product costing is also referred to as assigning costs to inventory and production based on the expenses that go into producing or buying inventory. It is an important process for manufacturers that helps improves management information on products and helps managers and the
Premium Manufacturing Inventory Production and manufacturing
Absorption and marginal costing (Relevant to AAT Examination Paper 3: Management Accounting) Li Tak Ming‚ Andy Deputy Head‚ Department of Business Administration‚ Hong Kong Institute of Vocational Education (Kwai Chung) Introduction Absorption costing and marginal costing are alternative cost accumulation systems used to ascertain product or job costs for inventory valuation and cost of sales. Absorption costing Absorption costing includes both variable and fixed production costs in the
Premium Costs Cost Variable cost
First of all‚ the differences between the natural beauty and cosmetic beauty is the cost. The first aspect is the cost of products. For natural beauty‚ we do not need any cost to be beautiful as we are concern of what we have since we were born. For hair care‚ we only spend a small amount of money to trim and wash our hair. On the other hand‚ cosmetic beauty would need an amount of money. We know that to become more attractive‚ we have to put on makeup to make ourselves look better. However‚ we know
Premium Cosmetics Surgery Plastic surgery
Kalpana Dixit @hotmail.com Psychological Basis of Mobile Learning and Activity Based Approach Abstract: Mobile technologies are a familiar part of the lives of most teachers and students In the world today. At the present time‚ however‚ the models for using and developing mobile applications for learning are somewhat lacking. It moves away from the dominant view of mobile learning as an isolated activity to explore mobile learning as a rich‚ collaborative and conversational experience
Premium Educational psychology Learning
VARIABLE COSTING Learning Objectives 1. Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing. 2. Prepare an income statement under absorption costing. 3. Prepare an income statement under variable costing. 4. Reconcile reported income under absorption and variable costing. 5. Explain the implications of absorption and variable costing for cost-volume-profit analysis. 6. Evaluate absorption and variable costing. 7
Premium Variable cost Inventory
Process costing is used for homogenous products (continuous flow processes such as producing cans of soda). Job-order costing is used in situations where the organization offers many different products or services‚ such as in furniture manufacturing‚ hospitals‚ and legal firms. Process costing is used where units of product are homogeneous‚ such as in flour milling or cement production. The purpose of a job order cost accounting system is to assign and accumulate costs for each job‚ i.e
Premium Costs FIFO and LIFO accounting Cost