Robert Schumann Robert Alexander Schumann was born in the small riverside town of Zwickau‚ Saxony‚ in 1810.The youngest of five children‚ Robert Schumann was brought up in comfortable‚ middle-class respectability. As a child‚ he apparently exhibited no remarkable abilities. At the age of six‚ Robert was sent to the local preparatory school‚ run by Archdeacon Dohner. He had in fact already begun his education‚ with the young tutor who gave lessons in exchange for board and lodging at the Schumann
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Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
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Robert Gordon Menzies was Australia’s longest serving Prime Minister. He held the office twice‚ from 1939 to 1941 and from 1949 to 1966. Altogether he was Prime Minister for over 18 years – still the record term for an Australian Prime Minister. Robert Menzies was born in Victoria in 1894. He went to primary school in Ballarat‚ then to a high school at Wesley College in Melbourne. He graduated in law from the University of Melbourne in 1916 and became a barrister in 1918. He débuted in court
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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Born on the day of March 26‚ 1874‚ in San Francisco‚ California‚ Robert Lee Frost was one of America’s most famous poets. Frost received four Pulitzer Prizes before he died in 1963. The first one in 1924 for New Hampshire: A Poem with Notes and Grace Notes‚ then in1931 for Collected Poems‚ in 1937 for A Further Range‚ and the last on in 1943 for A Witness Tree. Married to Elinor Miriam White‚ who was his co-valedictorian at high school‚ he lived in various locations throughout his life‚ in San Francisco
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Robert De Niro “One of the greatest actor in history!” In which many people describe Robert De Niro. He was born in New York City in 1943 and started off training at the Stella Adler Conservatory and the American Workshop. He first became famous through the movie “Bang the Drum Slowly”(1973) but received better reputation as a volatile actor in the film “Mean Streets”. He has received countless amounts of awards through movies he was in. Some of the movies he is known for is “Casino”(1995)‚ “Meet
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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