Multiple Choice Questions 1. Which of the following statements is true? A. The word "cost" has the same meaning in all situations in which it is used. B. Cost data‚ once classified and recorded for a specific application‚ are appropriate for use in any application. C. Different cost concepts and classifications are used for different purposes. D. All organizations incur the same types of costs. E. Costs incurred in one year are always meaningful in the following year. 2. Which of the following
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the finished goods inventory account. All manufacturing cost incurred are generally considered to be part of production costs. Hundreds of transactions occur during an accounting period and each transaction affects part of the cost flow process. At the end of the financial year the flow of all manufacturing costs is summarized in the production cost statement. The cost of goods manufactured should be the same as the amount transferred from the work-in progress stock account to the finished goods
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and Christopher Temple Emmet Estate‚ is a historic home located at Head of the Harbor in Suffolk County‚ New York. It is a Colonial Revival estate home designed in 1906 by noted architect Charles A. Platt (1861–1933). It is an imposing structure‚ finished in stucco with powerful wooden detailing at the principal doorways‚ roof cornice and porch. It is a large rectangular mass‚ two full stories in height‚ seven bays long‚ with projecting wings. It features a simple pitched gable roof and a two story
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solution for future analysis IV. Returning the organs to the body A. Organs are replaced to the body and filler material before its sewn up again. VI. Sewing up the body A. After the pathologist is finished with the examination the forensic technician will sew the body back up VII. Autopsy finished. I. Preservation A. determine whether the body needs refrigerated or froze. II. Measurement A. determine any abnormality’s 1. weighing the body 2. weighing single parts of the body 3
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000 to each of the 500 finished lots ($5 million total)‚ since that was the stated cost to complete each unfinished lot. This left $11.5 million of the $33 million purchase price to still be allocated ($33 - $16.5 - $5). I divided the remaining $11.5 million by the total number of lots to be sold (25‚000‚ including finished & unfinished) to get a cost per lot of $460. I multiplied this amount by the number of lots that were sold each year‚ including to the finished lots that were sold in 1992
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March 2013‚ ACL Production incurred a variance of TTD 277 k. The reasons for these variances included:- Bulk Paint not consumed Usage not recorded Normal Loss (Evaporation/Clingage) Drum Shortage Packaging use not recorded Multiple report as Finished Not defined These variances were not taken to book until a clear understanding of why it occurred was realized. As a consequence of the above‚ it was decided that cycle counts would be implemented from May 2013. The results of these counts
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Transit time to next step i.e. finished goods warehouse is about 90 minutes. 3. Finished goods warehouse: Naturally unloading / loading activity tales place. Finished goods inventory of 1600 duros. Recommendations: (A) Supply Chain Operations spread at three locations are completely inefficient and carry wasteful activities costing time‚ money and manpower. It is recommended to centralize manufacturing‚ finishing plant and finished goods warehouse at one location to
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30% Cost of Goods Available for Sale $1‚020‚000 Prime Costs $545‚000 Manufacturer Overhead 65% of Conversion cost Direct Materials $325‚000 Beginning Inventory numbers: Raw Materials $41‚000 Works in Process $56‚000 Finished Goods $35‚000 Formulas: Prime cost = Direct Materials cost + Direct Labor cost Conversion cost = Direct Labor cost + Manufacturing overhead cost (65% conversion) Prime cost = 325‚000 + $220‚000 545‚000 ( Data given) Trying
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life style‚ we cannot separate it because it is in our philosophy grace. Like what On Kawara’s (Japanese conceptual artist‚ 1933) time-related works the ‘Date’ series‚ a form in which the idea or concept is the artwork and is more important than the finished “product”. To me‚ art is a kaleidoscope because people see what their heart represents. Some people say that what people see in a sense represents people’s mind. Art is the ultimate aim of everything artists do. Yet‚ what is art? Art is
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crystals to water. Time how long it takes to diffuse all the crystals. When finished empty and wash beaker. 2.Add water to one beaker. Heat to boiling point temperature. Then add crystals to water. Time how long it takes to diffuse all the crystals. When finished empty and wash beaker. 3.Add soapy water to one clean beaker. Heat slightly to warm temperature. Add crystals. Time how long to diffuse the crystals. When finished empty and wash. 4.Add oil to one clean beaker. Keep at room temperature.
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