650 Deluxe 7 50 150 Overhead costs $20‚000 $60‚000 Assume a traditional costing system applies the $80‚000 of overhead costs based on direct labor hours. a. What is the total amount of overhead costs assigned to the standard model? b. What is the total amount of overhead costs assigned to the deluxe model? Assume an activity-based costing system is used and that the number of setups and the number of components are identified as the activity-cost drivers for overhead. c. What is the total
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factory overhead and (2) underapplied factory overhead? 1.) Overapplied factory overhead means the applied exceeds the actual costs incurred‚ the factory overhead account will have a credit balance. 2.) Underapplied factory overhead means the amount applied is less than the actual costs incurred‚ the account will have a debit balance. b. If the factory overhead account has a debit balance‚ was factory overhead underapplied or overapplied? Underapplied. c. If the factory overhead account
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Three Month Treasury Bills and The Variables That Affect the Rates Abstract This paper attempts to create two models that can predict fluctuations in three-month US Treasury Bill yields. Using both simple and multiple regression analysis‚ we analyze the independent variables traditionally associated with risk free U.S. money market interest rates including the Consumer Price Index‚ the Industrial Production Index‚ and the Unemployment rate over two periods‚ July 1990-March 2001 and March 2001-December
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over applied overheads it is essential that the process for job-costing is understood. The basic flow of costs in a job-order system begins by recording the costs of material‚ labor‚ and manufacturing overhead. "The use of absorption costing to provide quotes for jobs takes account of both fixed and variable costs. (1) Material and direct labor costs are debited to the ’Work in Process’ inventory. Any indirect material or indirect labor costs are debited to the Manufacturing Overhead inventory‚ (which
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as opposed to having to put pen to paper for a couple of hours so this gets their attention and creates a sense of urgency. It is also useful to have this kind of assessment method because it is easy to modify‚ to make room for those with a disability‚ to alter some steps for those with a different individual learning method. Having done a practical assessment promises a better interpretation of concepts learnt through practice‚ trial and error and consistency. The limitations include health and
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Emile Durkheim presents three typologies for the social rate of suicide in the book On Suicide by explicitly defining suicide in terms of society as opposed to the individual. He notes that typically suicide is seen as act of great individuality‚ and pertains to psychological factors and further individual factors. When Durkheim looks at suicide rates for different societies in Europe between‚ and between given time periods‚ statistics show that there is a stable rate among all of the countries‚
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for this study will be based on the factors that influenced the students to choose the location of the computer shops that they visit such as distance from the school/accessibility‚ awareness of the City Ordinance‚ services being offered by the shop‚ rate per hour/promos‚ ambiance of the shop. The analysis of the classroom performance of the students will be correlated to the above variables. This will help determine if there is an existing relationship or nonrelationship between such variables as location
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All children are unique and develop at their own rate but they tend to follow a similar pattern. There are a number of areas of development like‚ Physical‚ communication‚ Social‚ emotional‚ behavioural‚ Intellectual and moral development. Development is very rapid in the early years of a child’s life and tends to slow down the older they get. Moral development is usually adapted from the setting a child lives and would usually deem something wrong and right‚ based on what their parents believe is
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2012 RE: Allocation Options for Fixed Manufacturing Overhead Costs Dear Mr. Oray‚ After researching the different methods allowed for you to use in allocating the fixed manufacturing costs to the work in process and finished goods I have come to the conclusion that normal capacity is the best method for your business. First I will define theoretical‚ practical and normal capacity and then I will explain to you which allocation method must be used for financial statement purposes under GAAP
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calculate the fraction that will be used up after 6.0 minutes. 4. [15 points] The rate law for the decomposition of ozone to molecular oxygen 3 O3 (g) −→ 3 O2 (g) is rate = k [O3 ]2 . [O2 ] The mechanism for this process is k1 O3 O + O2 k−1 k 2 O + O3 −→ 2 O2 Derive a rate law from these elementary steps. Clearly state the assumptions you use in the derivation. Explain why the rate decreases with increasing O2 concentration. 5. [15 points] Consider the following
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