11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Illiteracy in Our Society It was one of the days I will never forget in my life time. My father was very sick in Abeokuta; my village‚ where we both live together with my mother. The people in our community have tried their hand on one thing or the other to help him‚ but we are left with the only option of taking him to the hospital in the city. My mother is to go first to the city and inform my uncle about this incident‚ so that my uncle could help take my father to the hospital. Has my
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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A modest Proposal By Jonathan Swift In his essay Swift talks what living conditions were like in 18th century in Ireland and how woman were always seen in walking down the street with four‚ five or six children tagging along beside her. Instead of working women had to take care of all the children and the house work‚ while the men worked. Back then women didn’t have much rights but instead of just having babies and doing house work they could be working too. By having so many children only
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Jonathan Edwards is considered one of the masters of figurative language. His use of vivid images and strong metaphors is very obvious in his fiery sermon. “Sinners in the Hands of an Angry God‚” as he describes human nature and hell. For example‚ he says at one point‚ “Unconverted men walk over the pit of hell on a rotten covering…” One of Edwards metaphors is‚ “The dreadful pit of the glowing flames of the pit of hell.” He very often casts the fires of hell in metaphorical terms rather than using
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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"Memento Mori" is a short story written by Jonathan Nolan. The speaker‚ who is also the protagonist in this short story‚ named Earl has this condition in which his brain cannot make new memories. The last memory he has is when his wife is dying. Actually‚ this short story was made into motion pictures Christopher Nolan in 2000. Therefore‚ this analysis illustrates how the movie adapts the concepts in the short story. First of all‚ the movie adapts the theme of short story‚ the underlying message
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In the Pulitzer Prize winning novel Guns‚ Germs‚ and Steel: The Fates of Human Societies‚ author Jared Diamond offers many different scientific‚ as well as historic‚ reasons for why the events of history unfolded the way they did‚ mainly the question of was there anything specific that lead to Europe becoming the dominate power in the world? Like much of history‚ there is no specific causation that led to European dominance over‚ initially‚ the Americas‚ and then later Africa‚ Australia‚ and parts
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Jonathan Gottschall’s The Storytelling Animal is a novel full of controversy‚ fact‚ anecdotes‚ and personal experiences of Gottschall himself and his daughters. Throughout the entire story‚ readers are enlightened and perceive things differently with a new perspective on how fiction and stories really shape our lives and behavior. What Gottschall is constantly trying to tell us is to always read and watch fiction whether it is reading a book‚ watching a movie‚ or listening to a song. As we read the
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Misanthropy in “A Modest Proposal” by Jonathan Swift “The judgements that Swift’s satires ask us to make go well beyond straightforward condemnation of the work’s obvious target; rather‚ we are led to form a series of deeper judgements about language‚ religion‚ and politics‚ and about the operations of human vice and virtue that govern these activities in others and in ourselves.”1 Jonathan Swift’s “A Modest Proposal” is a satirical essay written in 1729 that suggests improvements for the Irish
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