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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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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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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SAMPLE REPORT: The ‘Stylish’ Report i) ii) Look at the assignment instructions below Now read the sample report. Read the accompanying comments on the side as you go. iii) Is this is a well-written report in your view? Could it be improved in any way do you think? ASSIGNMENT 2: The Stylish Report Background Colin Coif and Pamela Perm are the owners and operators of a hairdressing business Stylish specialising in ‘high end’ quality hairdressing services. Currently they operate two salons in
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Volume loss is one of the three aspects of facial aging (the other two being skin texture changes and sagging skin). These aspects of facial aging combine as we get older to make us look older and more tired than we want to look. The severity and quickness that we show aging depends on both genetics and our environment and lifestyle. Volume loss‚ also known as fat loss‚ occurs when we lose fat in our face. It is most pronounced around the eyes and cheekbones. When someone says that as they have
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Calculating Tank Volume Saving time‚ increasing accuracy By Dan Jones‚ Ph.D.‚ P.E. C alculating fluid volume in a horizontal or vertical cylindrical or elliptical tank can be complicated‚ depending on fluid height and the shape of the heads (ends) of a horizontal tank or the bottom of a vertical tank. Exact equations now are available for several commonly encountered tank shapes. These equations can be used to make rapid and accurate fluid-volume calculations. All equations are rigorous‚
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CHAPTER 6 COST BEHAVIOR TYPES OF COST BEHAVIOR PATTERNS 1. Variable Cost 2. Fixed Cost 3. Mixed / Semi-variable Cost Cost Structure – the relative proportion of fixed‚ variable‚ and mixed costs found within an organization or firm. 1. Variable Cost - its total dollar amount varies in direct proportion to changes in the activity level. Example: Number of Trucks Radiator Cost per Total Radiator
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SExecutive Summary Rationale As information technology (IT) becomes more pervasive‚ it becomes critical for businesses to incorporate IT based systems in order to be more competitive. A classic example of this situation is the project that is now being done for Our Lady of Caysasay Academy (OLCA) in TaalBatangas. Nature of the project The project concerns the design of a suitable network infrastructure for the Our Lady of Caysasay Academy‚ TaalBatangas. This project shall be undertaken by a team
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"In the Philippines‚ the term gay has been used loosely to include homosexuals‚ bisexuals‚ transsexuals‚ crossdressers‚ and effeminate men. Filipino gays are mostly stereotyped as effeminate‚ crossdressers‚ hairdressers‚ camp and ridiculed. Bakla or Bading‚ a derogatory Filipino word for gay‚ is commonly used. Tibo or tomboy has a similar function‚ and refers to lesbians‚ usually of the butch and masculine type. A more benign slang word for gay men is billy boy. For Filipino gays‚ the Tagalog
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Definition of the Problem (1) A few years ago‚ I watched a terrifying story on ABC’s 20/20. It was a story about a teenage girl who had gotten pregnant. She successfully managed to keep her pregnancy from everyone‚ even her immediate family. She secretly gave birth to a baby girl -- by herself -- at the basement of her house. Out of fear‚ she covered the baby with a blanket and the baby died. There was an investigation and trial on the teenage girl‚ whether she should be convicted of murder
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