A process costing system is a costing system in which the cost of a product or service is obtained by assigning costs to masses of like or similar units. Unit costs are then calculated on an average basis. Process costing systems are used in industries that produce like or similar units which are often mass produced. In these industries‚ products are manufactured in a very similar way. The companies usually use the same amount of direct materials‚ direct manufacturing labor costs and manufacturing
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1. Which of the following is a basic principle that applies to both internal and external devices? A) when connecting a faster device to a slower port‚ the port adapts to the speed of the device B) if you have multiple devices to install‚ it’s best to install them at the same time C) for most installations‚ install the device first‚ then the device driver D) some devices don’t require a software component for them to work properly 2. What happens when a problem occurs while Windows 7 is installing
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DEPRESSION CASE STUDIES 1. Which one of these case studies would you suspect to be most likely suffering from depression? Case Study 3 2. What information in the case study might lead you to this conclusion? Theo has been down for quite some time and is stuck in that place. He doesn’t seem to be getting sufficient help or support from the people in around him to be able to turn his life around. Theo doesn’t want to burden his friends or his family with his problems and feelings‚ and therefore have
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ACG 6315 1.For which of the following products would job order costing be least likely to be used? Textbook printing Newsprint paper Manufacturing Mortgage loan processing Residential building 2.Which of the following costs are treated as part of the cost of product? Wages of plant security guards Insurance on the plant building and equipment All of the above are product costs Depreciation on the kitchen sink in the plant cafeteria 3. If a cost is identical under each alternative
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When asked the question‚ "Which of the three types of taxes best fits the taxpayers needs?"‚ there are several factors to consider. Criteria for taxation and principles of taxation are some of those factors. Three criteria for taxes are equity‚ simplicity‚ and efficiency. Two principle of taxation are benefit principle and ability-to-pay principle. All of these factors either serve or disservice the taxpayers and help determine which taxes are most beneficial. As I have mentioned‚ criteria for
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selling price to determine the target cost. If the target cost is below the company’s current cost‚ the company may decide to introduce the product and functional cost analysis may attempt to reduce cost to an acceptable level. If the target cost is above the current cost‚ functional cost analysis will make changes and prepare another cost estimates. If the target cost is equal to current cost‚ company may decide whether or not to introduce the new product. As an example‚ based on the market condition
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Types of companies which are most likely to adopt cloud-based ERP and CRM software services will be companies that want to cut IT staff cost. With CRM and ERP‚ a business can be up and running with the software quickly which less need for in-house IT staff or high levels of technical skills‚ and things like security and upgrades are looked after by the vendor. This is because the difference between cloud and on-premise is that cloud-computing makes your software an operational expense rather than
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and teachers. I can see how they may not seem as if they relate or if they will ever relate. However the article really shows how we may never know who’s right for the job even if it’s choosing a quarterback for the nfl or picking a teacher. In Most Likely to Succeed by Malcolm Gladwell they talk about a scout named Dan Shonka‚ and how he can’t determine if Chase Daniel the star quarterback at the University of Missouri will actually be able to play in the NFL. In the NFL you have one moment to throw
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ACCT283B group project Chapter 18: Process Costing Abstract This paper identifies the key points on Process Costing. It covers over various topics like the flow of costs through a process costing system‚ how to calculate equivalent units of production for direct materials and conversion costs‚ the preparation of a production cost report‚ and how to prepare journal entries for a process costing system. Examples will also be shown on how process costing is used in the real world through
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