INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000
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University of Phoenix Material Appendix D Part I Define the following terms: Term Definition Ethnic group Being a member of an ethnic group‚ especially of a group that is a minority within a larger society. Anti-Semitism Discrimination against prejudice or hostility towards Jews. Islamophobia A irrational fear or prejudice towards Muslims and Islam. Xenophobia A fear of foreigners or strangers or of that which is foreign or strange. Persecution The systematic mistreatment
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supported by the facts and/or numbers. You will be presenting your findings and recommendations to the CPO and CFO. Consider the following: 1. Do you think B&L should outsource the bracket? Why or why not? 2. What do you think of the quote from Mayes? How would you respond? What information would you request? 3. What would you say to the plant manager? 4. Is the cost savings sufficient enough to move the business to Mayes? 5. Can Brian Wilson use the EOQ formula here to establish the lot size
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Is Jesus Still Relevant in Today’s Society 1 Is Jesus Still Relevant in Today’s Society? Is Jesus Still Relevant in Today’s Society 2 Abstract This paper is designed to answer the question posed in its title. In 2009‚ with countless religions on the horizon‚ numerous inspirational figures gaining popularity‚ and the focus on science to produce answers; the questions must be asked. Is Jesus still relevant in today’s society? That is exactly what I set out to answer throughout the
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lose their heads‚ they couldn’t be fair if they tried. In our courts‚ when it’s a white man’s word against a black man’s word‚ the white always wins. They’re ugly‚ but these are the facts of life.” This is relevant today because of the racial inequality in the world. Another way TKAM is relevant today is the amount of poverty in the book. In chapter 2 Miss Caroline finds out Walter Cunningham doesn’t have money for lunch‚ Miss Caroline then offers him twenty-five cents for lunch. After he refuses
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PRETEXT WORK 1. Read the Personal Note to answer the following questions: ✓ What do you know about le Mari de France? ✓ When was the given story written? ✓ What do you know about the literature of that period? 2. Read the following text: "It is not known whether it is a work of imagination but it is probable that love topics were discussed in social gatherings at the courts of great ladies in the medieval epoch. The following rules called Art of Courtly Love were set fourth and
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Multiple Choice Questions 16. Which terms would make the following sentence true? Manufacturing companies that benefit the most from activity-based costing are those where overhead costs are a _________ percentage of total product cost and where there is ___________ diversity among the various products that they produce. A) low‚ little B) low‚ considerable C) high‚ little D) high‚ considerable 17. Would factory security and assembly
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CHAPTER 3 COST-VOLUME-PROFIT ANALYSIS TRUE/FALSE 1. To perform cost-volume-profit analysis‚ a company must be able to separate costs into fixed and variable components. Answer: True Difficulty: 1 Objective: 1 Terms to Learn: cost-volume-profit (CVP) analysis 2. Cost-volume-profit analysis may be used for multi-product analysis when the proportion of different products remains constant. Answer: True Difficulty: 1 Objective: 1 Terms to Learn: cost-volume-profit
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AND THE COST ACCOUNTING CYCLE Multiple Choice c 1. ABC Company made the following journal entry. Work in Process Inventory $200‚000 Direct Labor $188‚000 Direct Labor Rate Variance 12‚000 From this entry we can tell that ABC uses a. job-order costing. b. process costing. c. standard costing. d. normal costing. d 2. CDE Company made the following journal
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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