Direct materials cost per unit ($750‚000 ÷ 10‚000) $ 75.00 Conversion cost per unit ($798‚000 ÷ 10‚000) 79.80 Assembly Department cost per unit $154.80 2a. Solution Exhibit 17-16A calculates the equivalent units of direct materials and conversion costs in the Assembly Department of Nihon‚ Inc. in February 2009. Solution Exhibit 17-16B computes equivalent unit costs. 2b. Direct materials cost per unit $ 75 Conversion cost per unit 84 Assembly Department cost per unit $159
Premium Cost accounting Units of measurement Costs
The following essay explains the importance of cost accounting for stakeholders of Multinational Companies‚ particularly the shareholders & the customers. Who are the stakeholders of an organization? according to (Freeman 1984) stakeholder is “any group or individual who can affect or is affected by the achievement of the firm’s objectives” going by this definition stakeholders of a company would include lenders‚ creditors‚ customers‚ shareholders‚ government‚ media‚ political groups‚ local charities
Premium Costs Cost accounting Management accounting
DEFINITION: Quantitative methods are research techniques that are used to gather quantitative data — information dealing with numbers and anything that is measurable e.g. Statistics‚ tables and graphs‚ are often used to present the results of these methods. Quantitative research methods were originally developed in the natural sciences to study natural phenomena. However examples of quantitative methods now well accepted in the social sciences and education. Differences between parametric and
Premium Statistical hypothesis testing Statistics Normal distribution
PM1/M1: Identify different forms of communication that are used in various contexts Communication is sending‚ giving‚ or exchanging information and ideas‚ which is often expressed nonverbally and verbally. Both non-verbal and verbal communication is both used on a daily basis. You have different contexts of communication‚ each one of them have their or purposes for example a one-to-one conversation is mostly held to communicate and discus something privately such as (doctor’s appointment‚ results
Premium Communication Nonverbal communication Writing
Introduction In this report‚ I will review and analyze different types of communication and the various technologies used to support them. I will then explain the advantages and disadvantages of each one‚ the different types of technologies which support them and how they can be applied to benefit the company. Methods of Communication SMS/MMS Short Message Service (SMS) and Multimedia Messaging Service (MMS) are a communication service component of the GSM mobile communication system‚ using standardized
Premium Mobile phone World Wide Web Internet
Lab budgeting and cost accounting under DRGs Medical Laboratory Observer‚ Feb‚ 1985 by W. Glenn Cannon Cost accounting is not a solution to management problems. It is a management tool designed to provide information that facilitates sound decisions. The two primary objectives of cost accounting are 1) to match cost with revenue and 2) to match resource consumption with the units of service provided. Under the DRG system‚ matching revenue with cost and evaluating appropriate utilization levels
Premium Management Computer Database
a) Explain six assessment methods identifying how and when they can be used. Here is my explanation of the six assessment methods that I would choose that work well in my own specialism. Having watch these being delivered on our employability courses I feel these are the ones that work the best with our range of learners. A well written project will help the learner provide evidence of knowledge and skills” Ann Gravells 2008 On the employability courses we find observation is a good way to
Premium Assessment Educational psychology Evaluation
My method of intervention I have chosen for an example is; restraint‚ a form of physical intervention. It is an assertive approach to intervention. Dictionary description The act of restraining or the condition of being restrained. Loss or abridgment of freedom. An influence that inhibits or restrains; a limitation. An instrument or a means of restraining. Control or repression of feelings; constraint. Restraint can take many forms. It may be both verbal and physical and may vary in degree
Free Physical restraint Human rights Patient
TASK 1: Cost Classification and Ethics The Sorrel Pharmaceuticals Corporation manufactures a variety of drugs that are marketed internationally. Inventories on May 31 and June 30 were as follows: May 31 June 30 Materials Inventory $354‚100 $327‚400 Work in Process Inventory 112‚600 116‚400 Finished Goods Inventory 138‚500 142‚800 Purchases of materials for June were $142‚600. Direct labor costs were incurred and computed on the basis of 27‚000 hours at $8 per hour. Actual overhead costs incurred
Premium Variable cost Costs
Chapter 10 Standard Costs and the Balanced Scorecard Solutions to Questions 10-1 A quantity standard indicates how much of an input should be used to make a unit of output. A price standard indicates how much the input should cost. 10-2 Ideal standards assume perfection and do not allow for any inefficiency. Thus‚ ideal standards are rarely‚ if ever‚ attained. Practical standards can be attained by employees working at a reasonable‚ though efficient pace and allow for normal breaks
Premium Balanced scorecard