following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing overhead
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There are different types of ownership within the business sector. <br> <br>Sole tradership is when the business is fully owned and managed by one person‚ though others can be employed to help run the business. As the sole traders only financial income is from the business and/or bank loan‚ they do not have the resources to expand and cover regional or national areas. These types of businesses are located in the small business sector and usually cover local areas. Such businesses could be hairdressers
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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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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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INTERNATIONAL ELECTRONIC COMMERCE Internet has become a necessity to a large portion of the world population today‚ with no difference between age‚ color‚ religion‚ nationality or gender; but what really they are all using it for are for different requirements based on their needs. Internet has transformed the practice of international trade. In regards to international business correspondence and communication‚ email provides significant advantages over telephone‚ fax and postal communication
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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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CHAPTER 9: ELECTRONIC COMMERCE SOFTWARE Week 4 Assignment 1-) What is the difference between a static catalog and a dynamic catalog? STATIC CATALOG - Used generally by small commerce sites. - A simple list written in html. - to change the company must edit the html as such. - if the content is requested the user sees the information as portrayed and can not be changed DYNAMIC CATALOG - Software included in larger electronic commerce software
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business. The owner is personally responsible for all debts of the business‚ even in excess of the amount invested. The business and its owner are thus considered the same entity. The advantages of a sole proprietorship include: a. Low start up costs‚ as legal and filing fees are at a minimum. However‚ many states and cities require a filing with county clerk. b. Greatest freedom from regulation and paperwork. c. Owner is in direct control‚ with no interference from other owners. d. Taxes may
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Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
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TYPES OF PARAGRAPHS Descriptive Paragraphs Descriptive Paragraph – usually offers a description of people‚ places‚ object or scenes. Tips for writing a good descriptive paragraph: • Use sensory details such as sights‚ sounds‚ smells‚ tastes‚ feelings and textures to create vivid images in the reader’s mind. Try to rely on sense memories of a specific experience to call to mind these details. • Use spatial order to create a clear visual image of a person‚ place‚ object‚
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