ACC2CAD COST ACCOUNTING AND DECISION MAKING SEMESTER 1‚ 2011 MINI CASE STUDY 1 DISCLOSURE OF CONFIDENTIAL INFORMATION; ETHICS Page 1 Recommendation Page.3 Executive summary Page.4 Introduction Page.5 Analysis Page.6 Recommendations and conclusion Page.7 Appendix 1 – Code of Ethics for Professional Accountants Page.8 References Page.9 Page 2 Recommendation Erin should notify Smart Worx of the postponement
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become diverse: different ethnic history that becomes part of the nation’s history. Our nation‚ the United States‚ even requires kids to take history classes so everyone is aware of significant and insignificant events that occur in the past. Though some parts were good others were harmful. We learn about our nations and ancestor’s past so we don’t have to repeat the events and suffered devastating consequences. We have designated the month of February as Black History both‚ though there is some
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Why are individuals so important to the NASA project teams? People are the most important thing NASA has got as asset‚ they are things that make a program so successful‚ these people are form the social capital of the organization. Indeed‚ the most important builders of these social capital networks in organizations are the experiences people have working together overtime. In an organization like NASA‚ where most work is project work‚ being part of a series of project teams with overlapping but
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Why So Expensive? College is said to be some of the best years of your life. The parties‚ the freedom‚ and the new experience help you find new friends‚ hopefully a career and yourself‚ but rising college cost are having young adults stressing instead of enjoying the college experience. Every year less and less states are giving their college’s money and more and more students are asking for financial aid or taking out student loans. The more that college tuition continues to rise the more of
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advantages of project management techniques The tools have become cheaper The techniques are becoming more widely taught and written about 1-6 3 8/30/2012 Three Project Objectives: The “Triple Constraint” Time Cost Scope ** Customer Expectations??? Scope Creep?? Time‚ cost‚ and performance are all related to a project 1-7 Three Project
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range of accounting application is expanding rapidly‚ along with the increasing demand of economic market. As is well known‚ accounting is a key aspect of business. And in the accounting profession‚ there has been already existed interpenetration and overlapping among the different kinds of accounting. Cost accounting and financial accounting are two main components of accountancy. The former one is a part of accounting. In cost accounting‚ it dramatically researches the variable cost‚ fixed cost‚ overheads
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1). Fixed cost per unit decreases when: a. Production volume increases. b. Production volume decreases. c. Variable cost per unit decreases. d. Variable cost per unit increases. 2). Prime cost + Factory overhead cost is: a. Conversion cost. b. Production cost. c. Total cost. d. None of given option. 3). Find the value of purchases if Raw material consumed Rs. 90‚000; Opening and closing stock of raw material
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Cost Accounting‚ 14e (Horngren/Datar/Rajan) Chapter 2 An Introduction to Cost Terms and Purposes Objective 2.1 1) Cost objects include: A) products B) customers C) departments D) All of these answers are correct. Answer: D Diff: 2 Terms: cost object Objective: 1 AACSB: Reflective thinking 2) Actual costs are: A) the costs incurred B) budgeted costs C) estimated costs D) forecasted costs Answer: A Diff: 1 Terms: actual costing Objective: 1 AACSB: Reflective thinking 3) The general term used to identify
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only variable manufacturing costs. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: absorption costing Absorption costing “absorbs” all manufacturing costs‚ both fixed and variable. 2. Variable costing includes all variable costs — both manufacturing and nonmanufacturing — in inventory. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: variable costing Variable costing includes only manufacturing variable costs in inventory. 3. Under both
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Was the existing system adequate in the past? Why or why not? Why is it no longer adequate? The existing system was adequate in the past due to heavy reliance on direct labor hours. The ETO served as a central cost center‚ and transferred the costs to other divisions at direct costs plus allocated burden. Being in the late 1970s and early 1980s‚ technology testing of components required fewer cycles‚ and less complicated structures. Hence‚ such testing on products could be carried out by direct
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