materials were charged to Job 88 ’s job cost card‚ how much overhead was applied to Job 88? Answer a. $70‚000 b. $120‚000 c. $72‚400 d. $35‚100 Unit costs for each job are computed by dividing Answer a. estimated total costs by planned units to be produced. b. actual costs by actual units sold. c. cost of direct materials‚ direct labor‚ and overhead by number of units produced. d. estimated total costs by actual units produced. The _________ provide(s) the most direct means of calculating
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Content 1 Introduction 1 1.Task one 2 The models and concepts affecting the pricing decisions taken by organisations‚ critically reflecting upon their usefulness 2 2‚ Task two 6 The role of standard costing and variance analysis in management accounting and a critically discussion of the value and limitations of variance analysis as a means of identifying key areas which have contributed to the overall profit figure. 6 3‚ The advantages and disadvantages of introducing an Activity Based Costing
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correct picture on the firm’s financial performance and financial position. We have to recognize all transaction occurring in that accounting period‚ irrespective of whether cash has been received or paid. The ultimate objective of adjusting entries is to ensure that the revenues (income) earned in the accounting period are matched by all costs incurred for that same accounting period (Monash College‚ 2011). Prepayment There are two types of adjusting entries‚ prepayments and accruals. Prepayment is
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Substance Abuse And The Effects Of Substance Abuse Substance abuse is seen as maladaptive and not considered dependant but can lead to dependency with certain drugs. There is a huge range of drugs such as alcohol‚ cocaine‚ amphetamines‚ benzodiazepines and opiates. Some of these drugs are illegal in some countries and regions and can lead to criminal prosecution if caught in possession or under the influence of them. Public health practitioners have undertaken many studies into drug abuse from an
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CASE SUBST STANCE A CASE STUDY OF SUBSTANCE ABUSE DEPRESSION AND DEPRESSION by Damian Carey The author‚ engaged in the pursuit of Mental Health CONTENTS Page Introduction Introduction History Case Histor y Aetiology Pathogenesis Oriental Medicine Diagnosis‚ Aetiology and Pathogenesis Treatment Oriental Medicine Treatment Aetiology Treatment Western Medicine Aetiology and Treatment Research Discussion Conclusion References 1 1 2 2 4 6 7 8 9 ~1~ INTRODUCTION
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Check Fraud and Check Washing Week 6 Paper Park University Check Fraud and Check Washing Check fraud and check washing are both highly illegal and both are increasing at an alarming rate. Many people can be fooled in todays world with fraudulent checks and not know that anything was incorrect until receiving notice from their financial institution. Check washing is when mail snatchers will take a check from you and use chemicals to erase the things written on the check and make the check payable
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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Criminal sanctions for market abuse by traders and investors are not adequate and we need other forms of enforcements –like the administrative sanctions‚ the civil penalties/fines etc.? Answer: Administrative sanctions may be the most viable solution to curb the problem of Market Abuse as there is a lower burden of proof for prosecution and it solves the purpose of deterrence. Background: Market abuse is a very general term to describe actions by investors that unfairly
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Chapter 3 FIGHTING FRAUD: AN OVERVIEW Discussion Questions 1. Fraud prevention is important because it is the most cost-effective way to reduce losses from fraud. Once fraud occurs‚ there are no winners. 2. Creating a culture of honesty and high ethics helps to reduce fraud in various ways. Management through its own actions can show that dishonest‚ questionable‚ or unethical behavior will not be tolerated. By hiring the right kind of employees‚ management can select people who are
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ACCT 203: Section 1 Essay Instructions The Issue: You are a partner in Acme Accounting PSC and as such are considering how to respond to a letter written to you by “Bob” a new client. In his letter‚ he stated that he heard that there are two ways he can identify cost in the normal course of his construction business operations. He would like two know what they are‚ the major differences between them and which one best fits his business in terms of performance analysis. Your partners have asked
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