catalogs offer a way to shop without leaving your home as well when you pay by check or credit card. People love to spend money and the easier it is to spend money the more willing they are to do it. So which distribution method is best? The direct distribution system in one method and has several subsystems. One distinction between direct systems and indirect systems for example‚ is that in direct systems the marketer does the research themselves. But in indirect systems the marketer has help from
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The costs for services that are provided in each department of a medical facility must be analyzed and allocated. These costs are indirect and are usually allocated by using two common methods known as the direct method and step-down method. The direct method is used “ to allocate costs from the general services departments to each patient service department in one step” (Smith‚ 2014). The direct method calls for financial accounting to document the immediate movable expenses that is in each
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Comparatively‚ EROW did well in all aspects with a sale of 89million and a net profit of 22.6million. Why did the two divisions with same products have such a difference? After further exam‚ management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the
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marks = ________ % Grade: Question I: Identification: Fill in the blanks the correct answer. You are having a dress shop‚ indicate the proper classification of cost behavior whether it is VARIABLE or FIXED for each of the following items below: |Cost Element |Cost Behavior | |Material used to make shirts |
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Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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the unfair headquarters’ overhead cost allocation method of Korea insurance company. There are concerns towards the system by a manager. And that lead to reduce on net income of branches. Jin Kim is trying to develop more efficient systems. The reading text is about the headquarters’ cost allocation method of Korea insurance Co. Inc. Jin Kim‚ manager of the company‚ accused that the costing systems is inefficient as it leads to decrease in incremental cost inappropriately and discourages employees
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identifying product and period costs a. Transportation-in- product costs b. Insurance on the office building- period costs c. Office supplies- period costs d. Costs incurred to improve the quality of goods available for sale. Product costs e. Good purchased for
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Costing Methods Paper Baldomero Garza‚ Carrie Davis Tsao‚ Chelse Monnier‚ Elizabeth Sanchez‚ Lea Dague‚ ACC/561 November 26‚ 2012 Cathleen Davis Costing Methods Paper Costing Methods Franco Harris’ company Super Bakery‚ Inc. has seen significant success along with continued growth throughout its existence. The authors point out that the company has enjoyed a 20% average growth “during most of its existence” (Kimmel‚ Weygand‚ & Kieso‚ 2009). The purpose of this analysis is to identify
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Unit 4 Discussion Topic 1: Job Order Costing and Process Costing | Topic 1: Product Costing Systems | Discuss the two alternatives for product costing systems. Be sure to address the following: Professor and class‚ * How do the two systems differ? The two alternatives for product costing systems are job and process. The two differ in that with job costs these are specified for a particular job. Process costs go by each process that is done (Kinney & Raiborn‚ 2013‚ p 150).
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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