1. Conversion cost is the sum of direct labor cost and direct materials cost. F 2. Depreciation on office equipment would be included in product costs. F 3. When the predetermined overhead rate is based on direct labor-hours‚ the amount of overhead applied to a job is proportional to the estimated amount of direct labor-hours for the job. F 4. Indirect materials are charged to specific jobs. F 5. When a job is completed‚ the goods are transferred from the production department to the finished goods
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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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Urna Semper 15 January 2014 A Cognitivists Curriculum Emphasis Cognitivism is "the psychology of learning which emphasises human cognition or intelligence as a special endowment enabling man to form hypotheses and develop intellectually" (Feldman‚ Cognitivism) An educational institution or teacher who is a cognitivist would naturally seek to implement courses of study which focus on developing and involving conscious mental activities. According to Webster’s definition of the term ’Cognitive’
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In 1865 a new amendment was passed‚ becoming the thirteenth amendment to The Constitution. This amendment pertained to slavery and making it illegal to own slaves. This amendment was passed by Abraham Lincoln while he was in office. The thirteenth amendment was one of three very important ones passed after the civil war. This amendment is regarded as one of the most important amendments to date. It is very easy to see how this could be a result of the Civil War‚ which was fought over slavery
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Chapter 1 1 Introduction Economics and managerial decision making 2 Economics: The study of the behavior of human beings in producing‚ distributing and consuming material goods and services in a world of scarce resources Management: The science of organizing and allocating a firm’s scarce resources to achieve its desired objectives Managerial economics: The use of economic analysis to make business decisions involving the best use (allocation) of an organization’s scarce
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What elements of Anglo-Saxon culture are evident in The 13th Warrior? The movie is a third person view of the uncultured northmen society. The Norse warriors are shown as brave warriors who fight for glory. The loyalty displayed by each man to his fellow warrior is astonishing.The 13th Warrior shows an superb variety of elements from the culture of the Anglo-Saxon people. Seen through the eyes of Ahmad ibn Fadlan‚ a Muslim ambassador whom has been exiled from his land‚ he enters a strange land full
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RESEARCH MANUAL INTRODUCTION Research is an ORGANISED and SYSTEMATIC way of FINDING ANSWERS to QUESTIONS. SYSTEMATIC because there is a definite set of procedures and steps which you follow. There are certain things in the research process‚ which are always done in order to get the most accurate results. ORAGNISED in that there is a structure or a method in going about doing research. It is a planned procedure‚ not a spontaneous one. It is focused and limited to a specific scope. FINDING
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Jesus Garcia Carrera The 13th‚ 14th and 15th Amendments are very important because the US would have a completely different system then how it is now. The 13th amendment says that slavery nor involuntary servitude will be permitted anywhere in the United States unless it’s because of a punishment for crime. The 14th says that everyone in the US will have the same rights and that no state can restrict them. And the 15th states that no government or state government in the US can deny the right to
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SIGNIFICANCE OF 13TH‚ 14TH‚ 15TH AMENDMENTS The 13th Amendment went through a number of significant constitutional processes and stages before finally gaining a place in the United States Constitution as it is today. For example Senate actually passed the Amendment on April 8‚ 1864 but it was not until January 31‚ 1865 that the House would also pass it (Wagner‚ 2006). Even with this‚ actual adoption of the 13th Amendment came to fruition on December 6‚ 1865. The 14th Amendment also went through
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GNBCY Practice Exam Solutions – Chapter 14 1. Part (a) Solution (Learning Objective 1): The common fixed costs of $10‚000 (or $130‚000 - $120‚000) are irrelevant to this decision. Part (a) Solution (Learning Objective 2): CM that would be lost if department is discontinued $(150‚000) Less fixed costs that can be avoided if department is discontinued 120‚000 Increase (decrease) in net operating income $ (30‚000) Based on this information alone‚ because the company’s net operating
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