Assignment-1 Cost Concept-29-09-2014 Question 1: Cost drivers and functions: The list of representative cost drivers in the right column below are randomized with respect to the list of functions in the left column. That is‚ they do not match. Function Representative Cost Driver 1. 2. 3. 4. A. Number of invoices sent B. Number of purchase orders C. Number of Research scientists D. Hours of computer processing unit (CPU) E. Number of new hires F. Number of transaction processed Accounting Personnel
Premium Costs Variable cost Inventory
Associate Program Material Appendix H Repetition and Decision Control Structures In one of the week 3 discussion questions we discussed the algorithm that would be required to make a peanut butter sandwich. In this CheckPoint you will need to take that one step further and create a program design to make a peanut butter sandwiches. Below you will find a partial program design; you need to complete it by adding the pseudocode in the required areas. You need to add one repetition (loop) control
Premium Programming language
Exotic Extracts‚ Inc. Manufacturing and Logistics Simulation Game* You and your management team have just acquired Exotic Extracts‚ a maker of chemical extracts that are used as coloring additives in consumer products (i.e.‚ food coloring and cosmetic products). Your company competes with several other firms that supply these additives. At the present time‚ each competing firm in this market has identical assets‚ sources of financing‚ market potential and production capability. In accord
Premium Inventory Financial ratio
transactions related to wire‚ and check to see that the transactions were fully recorded to the general ledger. If inventory is not being written off as cost of goods sold at the time of sale‚ the inventory balance could be understated. Relating to the finished goods‚ we should ensure that appropriate journal entries were made removing from inventory the amount of banned residential wire that is to be
Premium Financial audit Management Audit
"Wife"--I’ve finished that--". I am comparing this poem to‚ "Wild Nights--Wild Nights!. I will be discussing the similarity in writing between the two‚ each who have a different theme. I have considered the line breaks throughout the poem‚ stanza breaks‚ rhyming‚ repetition‚ line lengths‚ sound systems‚ settings‚ structures‚ and the use of figurative language. The themes of these poems are different in writing but seem to have similar meanings. In the first poem‚ "I’m "Wife"--I’ve finished that--"‚
Premium Poetry Literature Linguistics
12‚000 From this entry we can tell that ABC uses a. job-order costing. b. process costing. c. standard costing. d. normal costing. d 2. CDE Company made the following journal entry. Finished Goods Inventory $250‚000 Work in Process Inventory $250‚000 From this entry we can tell that CDE uses a. job-order costing. b. process costing. c. standard costing.
Premium Inventory Cost accounting Cost
allocated to production until after events have occurred. From view by other author‚ back flush accounting is a costing system that omits recording some of all of the journal entries relating to the cycle from purchase of direct materials to the sales of finished goods (Robert‚ 2011). According to Grahame Steven‚ Financial Management 2006‚ an approach
Premium Inventory Cost accounting Management accounting
company sells to generate revenue‚ appearing on the income statement‚ as an expense. Also‚ referred to as "cost of sales". It is essentially a cost of doing business‚ such as the amount paid to purchase raw materials in order to manufacture them into finished goods. For example‚ if a $10 widget costs $6 to make‚ then the cost of goods sold is $6 per widget. That is‚ the cost of goods sold is equal to the beginning inventory plus the cost of goods purchased during some period minus the ending inventory
Premium Inventory
taking on this big world By herself. And to able to give her a little peace of mind that “I can” survive and support myself because I finished my College Education to get a Higher paying job and not Struggle. Another good reason why College Education is so important to me so I can be a Motivation for my younger sibling also nieces and nephew to see me “FINISHED” College to persuade them to follow in my footsteps to help them in their own lives‚ and be a inspiration for them‚ so that one day they
Premium Higher education High school Academic degree
process inventory are the cost of materials placed in production plus the labor and allocated overhead utilized so far. The costs expected to be in the finish goods inventory are the materials‚ labor and allocated overhead incurred to make the finished products on hand. b. Inventories are net of an estimated allowance for obsolete or unmarketable inventory. c. i. The Reserve for obsolete inventories’ account does not appear on Callaway’s financial statements because it has already been
Premium Inventory Supply chain management terms Manufacturing