principal types of cost accounting systems. Two types of cost accounting systems are process cost systems and job order cost system. b. Which system provides for a separate record of each particular quantity of product that passes through the factory? Job order systems provides for a separate record of each particular quantity of product that passes through the factory. c. Which system accumulates the costs for each department or process within the factory? Process cost systems accumulates
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Project Statement Year | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | Sales | | 950‚000 | 1‚500‚000 | 1‚500‚000 | 1‚500‚000 | 1‚500‚000 | 1‚500‚000 | 1‚500‚000 | 1‚500‚000 | Direct Cost55% of sales(Sales * 55% = DC) | | 522‚500 | 825‚000 | 825‚000 | 825‚000 | 825‚000 | 825‚000 | 825‚000 | 825‚000 | Indirect Incremental Costs | | 80‚000 | 80‚000 | 80‚000 | 80‚000 | 80‚000 | 80‚000 | 80‚000 | 80‚000 | Depreciation(Plant Cost / Age) | | 200‚000 | 200‚000 | 200‚000 | 200‚000
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Traditional Overhead Costing vs Activity Based Overhead Costing Activity based costing deals with the key activities in which the firm’s resources are put. It accumulates overhead costs for each such activity. It is also used in determining the drivers of these activities. It assigns the cost of these activities to their ultimate cost centre. Activity based costing is rather a refinement over traditional costing system. The major differences are as follows: Under traditional costing‚ the overheads are
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4) 1. The Afl5.60 per drum general overhead cost is not applicable to the decision‚ since this cost will be the same paying little mind to whether the organization chooses to make or purchase the drums. Likewise‚ the present depreciation figure of Afl3.20 per drum is not an applicable cost‚ since it speaks to a sunk cost notwithstanding the way that the old gear is exhausted and should be supplanted. The cost depreciation of the new gear is an applicable cost‚ since the new hardware won’t be bought
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how to do SWOT analysis‚ please refer to our article. Company background Name Dell Inc. Industries served Computer hardware‚ Computer software‚ IT consulting‚ IT services Geographic areas served Worldwide Headquarters U.S. Current CEO Michael Dell Revenue $ 63.07 billion (2012) Profit $ 3.49 billion (2012) Employees 110‚000 Main Competitors Apple Inc.‚ Samsung Electronics Co.‚ Ltd.‚ Lenovo Group Limited‚ Hewlett-Packard Company‚ Sony Corporation‚ Fujitsu Limited and many others.
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How do banks allocate their costs from the back office to the front office? On what basis are the costs allocated? On what basis do you think would be the most equitable for banks? The various business organizations and banks are seeking tremendous challenges due globalization and its emerging competitive trends. Cost allocation in banks is also one of these competitive challenges in the USA market. Now banks are also revising its polices one after another for an effective marketing strategy
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Over the years‚ the Labor Force Participation Rate has become an overlooked statistic that many Americans do not seem too worried about. The average person considers the quarterly report done by the Bureau of Economic Statistics calculating the GDP and the unemployment rate to be sufficient enough to understand how and why the economy is forming the way it is. By now‚ many Americans have realized that our economic growth has declined‚ and the Bureau of Economic Statistics reported that‚ “GDP came
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Research Working Paper Can Factory List Disclosure Improve Labor Practices in the Apparel Industry?: A Case Study of Nike and Levi-Strauss David J. Doorey SAS-HR2008-01-Doorey www.atkinson.yorku.ca/Research Can Factory List Disclosure Improve Labor Practices in the Apparel Industry?: A Case Study of Nike and Levi-Strauss1 David J. Doorey* York University 4700 Keele Street Toronto‚ ON M3J 1P3 * Assistant Professor‚ York University‚ Toronto. This research is generously supported by a
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QUESTION 4 The Gen Toy Company manufactures a line of dolls and a doll dress sewing kit. Demand for the dolls is increasing‚ and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data: Product Demand Next Year (units) Selling Price per Unit Direct Materials Direct Labor Debbie 50‚000 $13.50 $4.30 $3.20 Trish 42‚000 $5.50 $1.10 $2.00 Sarah 35‚000 $21.00 $6.44 $5.60 Mike 40‚000 $10.00
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The company operates on a fiscal year‚ which ends September 30. Following is the post-closing trial balance as of September 30: [pic] .:. Additional information: 1. The balance of the materials account represents the following: [pic] .:. The company uses the FIFO method of accounting for all inventories. Material A is used in the stamping department‚ and materials B and C are used in the plating department. 2. The balance of the work in process account represents the following costs that
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