ADM 3346A COST ACCOUNTING Solution Fall 2010 Midterm Examination STUDENT NAME: _________________________________________________ STUDENT NUMBER: ________________________________________________ 90 minutes INSTRUCTIONS 1. 2. 3. 4. Books and notes are not permitted‚ except language dictionaries. Non programmable calculators are permitted. Put all answers in the question booklet Questions concerning possible errors in the exam only will be answered. Questions Max Points
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still has a place in modern society? To be relevant or not to be relevant‚ that is the question. It has been over 400 years since Shakespeare wrote his last work and the world continues to reference‚ adapt‚ teach‚ discuss and question the great bard of Stratford upon Avon. Maybe he was incredibly ahead of his time‚ or maybe the world just hasn’t changed for 400 years‚ either way‚ the themes and issues used throughout Shakespeare’s works are still relevant and interesting to today’s audience. Themes
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four centuries ago‚ William Shakespeare’s plays are still being used today through live performances‚ film adaptions‚ or in the classroom. Through his influence on modern language and his use of stylistic devices‚ he shows that his work is still relevant in classrooms. Although some people might think otherwise‚ Shakespeare has made a big impact in modern society. A major influence he has made is on modern language. Speech today has evolved a lot from his time‚ but Shakespeare has made up words
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Would one die for love? Think about one losing their life over another loved one. Romeo and Juliet is a relevant work for a person in modern time due to it ways of teaching one about love‚hold a grudge and also push one to much. These are always ways that Romeo and Juliet are relevant to modern society. No matter how old and out dated works of art are they always find a way to teach one. Romeo and Juliet teaches one not to jump right into love. The Romeo states “Let me be taken‚ let me put to
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Sophocles’ Antigone is still relevant in the world today. The characters in this play are very relatable. One characteristic that often shows up is hubris‚ which is also known as pride. Because many people can relate to Creon’s hubris‚ Sophocles’ Antigone is still relevant today. In Antigone‚ Creon’s hamartia is his pride‚ which can more accurately be called hubris. For example‚ Creon says‚ “Who is the man here‚ / She or I‚ if this crime goes unpunished?” (Sophocles Scene 2‚ 82-83) In this quote
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Introduction In this assignment you will consider cost information both current and future. Cost data will be collected‚ compiled and analysed‚ and will be processed into information of use to management. You will also deal with budgetary planning and control‚ forecasts and budgets. Learning outcomes On successful completion of this assignment you will be able to: 1 Collect and analyse cost information within a business 2 Propose methods to reduce costs and enhance value within a business 3 Prepare forecasts
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Cost allocation is a method to determine the cost of services provided to users of that service. It does not determine the price of the service‚ but rather determines what the service costs to provide. It is important to determine the cost allocation of the services‚ in order to determine a justifiable fee/charge/tax for those services. Included in cost allocation are direct‚ indirect‚ and incremental costs. Direct costs‚ or separable costs‚ are costs that are related to a single type of service
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manufacturing cost categories: Direct Materials Cost: The materials that go into final product are called raw materials. Direct Labor Cost: The term direct labor is reserved for those labor costs that can be essentially traced to individual units of products. Direct labor is sometime called touch labor‚ since direct labor workers typically touch the product while it is being made. Manufacturing Overhead Cost: Manufacturing overhead‚ the third element of manufacturing cost‚ includes all costs of manufacturing
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Conceptual Framework Cost Accounting Cost accounting‚ as a tool of management‚ provides management with detailed records of the costs relating to products‚ operations or functions. Cost accounting refers to the process of determining and accumulating the cost of some particular product or activity. It also covers classification‚ analysis and interpretation of costs. The cost so determined and accumulated may be the estimated future costs for planning purposes‚ or actual (historical) costs for evaluating
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Journal of Cleaner Production 11 (2003) 667–676 www.cleanerproduction.net The use of Environmental Management Accounting (EMA) for identifying environmental costs Christine Jasch ∗ ¨ Institute for Environmental Management and Economics‚ IOW‚ Rechte Wienzeile 1915‚ A-1040 Vienna‚ Austria Received 28 August 2001; accepted 27 June 2002 Abstract The Expert Working Group on “Improving the Role of Government in the Promotion of Environmental Management Accounting (EMA)” was set up by the
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