b. The cost information section includes: BI (WIP) + Cost incurred during period = Cost of goods transferred out + EI (WIP) Costs to account for Costs accounted for 2. The preparation of a cost of production report follows a
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15-1 A. What is information overload? : When information comes in faster than our brain can process it. Information overload occurs when the volume of the information supply exceeds the limited human information processing capacity. What causes it? : Personal factors‚ information technology‚ organizational design‚ task and process parameters‚ and information characteristics. What are its affects? : Stress and confusion are some of the results. How can decision makers deal with
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controlling‚ decision making * Information process: * person made system that consists of an integrated set of computer-based and manual components established to collect‚ store and manage data and to provide output info to users. * Interactions and relationship: * info process assists operations by maintaining inventory records and customer data. * info process enables management to monitor the operations process and operation and accounting related processes can be integrated
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An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes the purchase‚ sales‚ and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors‚ creditors‚ and managers) with information to make decision While this was previously a paper-based process‚ most modern businesses now use accounting software such as UBS‚ MYOB etc. Information System personnel need basic
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Exercise 2-2 | | |Product |Period Cost | | | |(Inventoriable) Cost | | |1. |Depreciation on salespersons’ cars | |X | |2.
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Question 1 Product costs are costs that are associated with manufactured goods until the time period during which products are sold. It involved all costs in acquiring or making a product. These costs consist of direct materials‚ direct labour and manufacturing overhead. Product costs are initially assigned to an inventory account on the balance sheet. When the goods are sold‚ the costs are released from inventory as expenses and matched against sales revenue. Since product costs are initially
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E -11 DM 5 DL 4 VMO 3 FMO = 180‚000/50‚000 = 3.6 Total = 15.6 15.6 * 5‚000 (50‚000-45000) = 78‚000 E-12 DM 5 DL 4 VMO 3 Cost per unit = 12 $ EIV = 12 * 5000 = 60‚000 E-13 Difference 3.6 * 5000 = 18‚000 And 78‚000 – 60‚000 = 18‚000 E-14 CGS sold = 45000(sold) * 15.60 = 702‚000 E15 12 * 45000 = 540‚000 E16 Sales = 30 * 45‚000 = 1‚350‚000 CGS 702‚000 CM 648‚000 Less S & admin. 160‚000 Net income 488‚000 E17 Sales =
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the minimum value of each Class Interval. For example‚ 21-30‚ 31-40‚ 41-50 The min value is 21‚31‚41 2.Upper Limit ขีดจำกัดบน is the maximum value of each Class Interval. For example‚ 21-30‚ 31-40‚ 41-50 The max value is 30‚40‚50 3.Lower Boundary ขอบล่าง is the mid-value between Lower Limit and next to Upper Limit of the below Class Interval. Lower Boundary = the Lower Limit of Class Interval +the Upper Limit of the below Class Interval PAGE 21 For example: the minimum value of Class Interval
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model has prompted immediate changes to how profit is recorded on the Product Line level. Proposed changes to the current Economic Profit include: I. Leave the Working Capital Cost and CRV Depreciation Adjustment in the profit analysis II. Eliminate the Fixed-Asset Charge and OI&D III. Only apply New Product Development charges to new products Goals of these proposed changes: * Ensure product line managers are focused on improving the value of their product‚ not just on profit/loss
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head: Mission‚ vision‚ value and principle Mission‚ vision‚ value and principle of AT&T Inc. Madhi S. Almadhi September‚ 03‚ 2010 Regis OCICU - MSM 631 Abstract This paper will discuss how AT&T could shape their MVVP (mission‚ value‚ vision & principle)‚ interface it into their daily market battle and generalize these concepts into their management strategy. It will also address how they reached their level of success through following their values and expressing their mission
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