experience in recording‚ analyzing‚ interpreting and communication accounting information. 3) It is in partial fulfillment of CXC Principles of Accounts requirement. The aim of the study is to determine whether Debro’s Wholesale is operating at a profit or a loss. Data was gathered from source documents and posted to the journals‚ ledgers and final accounts. The performance of the business was determined by using ratios. Debro’s Wholesale is a newly developed and simulated entity located at
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labour-hour. Variable marketing costs are driven by the number of sales visits. However‚ there are no sales visits during the months studied. Slopes‚ also incurred fixed manufacturing overhead costs of $5‚500 per month and fixed non-manufacturing overhead costs of $2‚500 per month. Projected Sales: January 80 units April 100 units February 120 units May 60 units March 200 units June 40 units Direct Materials and Direct Manufacturing Labour Utilisation and Cost Unit per Board Price
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designed dresses for retail sales on the premises. Costs incurred during last month include the following: Costs of fabric used in dress Wages of dressmakers Wages of dress designers Wages of sales personnel Wages of designers who experiment with new fabrics and dress designs Wages of employees who repairs the shop’s pattern and sewing machines Salary of the owner’s assistant Cost of the new sign displayed in front of the retail shop Cost of electricity used in the pattern department Depreciation
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Reflective Account When I started my work placement at my setting I was working with my members of staff and manager who told me how to monitor children when they eat and which child cannot eat certain food because of their religion or culture. Before I started to give out the food for the children I had to read the food policies and procedures to know how to serve the food and drink for the children. At my placement I learnt how to monitor the children when they ate and how much they ate‚ and
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results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income Increase (Decrease) ($ 72‚000) ( (60‚000) ( (6‚000) ($ 6‚000) Revenues Costs—Variable manufacturing Shipping Net income Reject Order $0 0 0 $0 Accept Order $72‚000 * 60‚000 ** 6‚000 *** $ 6‚000 The
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REFLECTIVE ACCOUNT I started my shift at 7:15 am. My work clothes are comfortable and unrestrictive; my footwear is flat‚ sensible and offers protection to my feet and ankles. When I arrive to the service user’s home‚ I knock on the door and wait to be let in either by one of the service user’s or by a work colleague. Once inside I greet the service user‚ if they are awake. I then head to the sleep in room‚ to start verbal handover with my work colleague. After the 15 minute handover‚ I then
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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Reflective Account – Poster Presentation. This reflective account is regarding my involvement within a group to produce an academic poster presentation. My feeling when we were initially told we had to do a presentation was; please no! and my heart immediately sank! This was one main worry I had when I was accepted into university but I knew I had to overcome this fear. A few sessions ago‚ we all decide which groups were going to work together. I was pleased with who I was working with as we
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communication and control [19]. Although the information generated from an accounting information system can be effective in decision-making process‚ purchase‚ installation and usage of such a system are beneficial when the benefits exceed its costs. Benefits of accounting information system can be evaluated by its impacts on improvement of
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Reflective account 12 Date: 03.05.12 Aneta Ten I am let in the children world now; they completely trust me and don’t fear me. I stepped in the classroom today and from the door the children said –“Hello”‚ and smiled. Child S. even gave me a hug. We had 4 indoor activities set for them today‚ promoting physical‚ creative and social development. They enjoyed them very much. In the quite room we have a computer on which they can practise their fine motor skills with the computer mouse and can
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