• Total Cost of Ownership
    Total cost of ownership (TCO) is a financial estimate whose purpose is to help consumers and enterprise managers determine direct and indirect costs of a product or system. It is a management accounting concept that can be used in full cost accounting or even ecological economics where it includes s...
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  • Types of Cost Audit
    TYPES OF COST AUDIT * Cost Audit to assist Management : The main object of this type of cost audit is to make available accurate, relevant and prompt information to management to assist it in taking important managerial decisions. * Cost Audit on behalf of the Government: The government may...
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  • Labour Cost Accounting
    LABOUR COST ACCOUNTING. It is concerned with identifying the amount of labour costs to be changed to jobs and overhead accounts. Where a manufacturing organization operates a job costing system, information on the labour costs should be properly captured from the following documents:- i) Job...
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  • Overhead Cost Accounting
    OVERHEAD COSTS ACCOUNTING Overheads are indirect costs which can not directly be traced to cost units. The task of the cost accountant is to charge these overhead costs to cost units/products. There are two approaches of charging overhead costs to cost units Viz i. Traditional/conventional abs...
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  • Cost Volume Profit Analysis
    COST-VOLUME PROFIT (CVP) ANALYSIS This is a technique used for planning short-term run profits by finding the relationship between profits and factors that influence profits. The following factors are taken to be influencing profits:- • Selling price • Variable cost of production • F...
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  • Cost Management - Abc Model
    School of Economics and Business Administration EMBA Programme Coursework Cover Form School of Economics and Business Administration EMBA Programme Coursework Cover Form PART I. ABSTRACT According to European Central Bank statistics, the Romanian cards market has been the faste...
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  • Cost Accounting Chapter 8 Notes
    Chapter 8: Cost Estimation Strategic Role of Cost Estimation * Cost Estimationthe development of a well-defined relationship b/t a cost object and its cost drivers for the purpose of predicting the cost * Facilitates strategic mgmt is 2 ways * Helps predict future costs...
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  • Cost of Capital
    01 TECHnICAL cost of capital, A FUndAMEnTAL PArT OF FInAnCIAL MAnAgEMEnT IS InvESTMEnT APPrAISAL: InTO wHICH LOng-TErM PrOjECTS SHOULd A COMPAnY PUT MOnEY? dISCOUnTEd CASH FLOw TECHnIQUES (dCFS), And nET PrESEnT vALUE (nPv), ArE ACCEPTEd AS THE bEST wAYS OF APPrAISIng PrOjECTS. rELEvAnT TO...
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  • Cost Acctg-Unit 9-Assignment-Ac420
    Chapter 14: 28. EVA = After-tax Income - (Cost of Capital x FMV of Capital) Solve for After-tax Income 1,130,000 = After-tax income – ( .11 x 29,500,000) 1,130,000 = After-tax income – 3,245,000 After-tax income equals 4,375,000 39. Excel template provided under doc. Sharing. This...
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  • Cost Accounting Notes
    Problem 1 Given the following information, calculate the Cost of Goods Manufactured for the month of March. Work in Process Inventory, March 1 $ 2,000 Work in Process Inventory, March 31 1,500 Direct Material 8,000 Direct Labor...
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  • Cost Accounting
    PROBLEM 5-48 (30 MINUTES) 1. Deluxe manufacturing overhead cost: 32,000 machine hours x $80 = $2,560,000 $2,560,000 ÷ 16,000 units = $160 per unit Executive manufacturing overhead cost: 45,000 machine hours x $80 = $3,600,000 $3,600,000 ÷ 30,000 units = $120 per unit Deluxe Executi...
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  • Cost
    3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analys...
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  • Cost Accounting
    1. In an accounting information system, which of the following is NOT a transformational process? a. collecting data b. analyzing data *c. performance reporting d. summarizing data 2. Which of the following is NOT a process associated with an accounting information system? *a. au...
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  • Cost Accounting
    Meeting 1 MRF’s File COST ACCOUNTING “An Introduction to Cost Terms and Purposes” Assistant Lecturer: M. Ryan Firmansyah Problem 1 (Quiz 1 September 8, 2009) Consider the following costs that were incurred during the current year. Evaluate whether the cost is: 1. A product cost or a perio...
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  • Cost Accounting
    a. Department 1 = MHs 465000/30000= $15.50 machine hours Department 2 = DLHs 380600/22000= $17.3 DL hours b. Journal entries (1) raw material inventory 346,000 accounts payable 346,000 To record the purchase of raw material...
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  • Cost Accounting Tutorial Chapter 2 (Diploma)
    COMPREHENSIVE ILLUSTRATION QUESTION 1 ABC Bhd uses material X which obtain from an outside supplier. Each delivery of material X consists of 30,000 kg at a cost of RM5 per kg. The cost of ordering is RM10 per order. The lead time for delivery can vary between 12 and 18 days and the rate of usa...
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  • Introduction to Cost
    CONFIDENTIAL AC/OCT 2010/ACC116/165/211 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COURSE CODE EXAMINATION TIME INTRODUCTION TO COST ACCOUNTING / COST ACCOUNTING ACC116/165/211 OCTOBER 2010 3 HOURS INSTRUCTIONS TO CANDIDATES 1. 2. 3. This question paper consists of five (5) qu...
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  • Total Quality Management
    Total …… Quality…… Management…… Presentation slides by Dr Anjan Ghosh ….. ……VP-TQM Exide SXC-Logistics & Supply Chain Management March -April 2013 External Developments in last 40 years that has changed the Business Environment • Customers have taken charge – buyers...
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  • Cost Accounting
    COST ACCOUNTING ( QUIZ 4 [pic] NAME:___________________________________________ ID NO : _______________SECTION :______ LECTURER’S NAME:_________________________ QUESTION Greenway Chemicals produces for the farming industry. One of their most popular products is...
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  • Cost Information System
    DESKTOP NORTHWIND SAMPLE DATABASE 2007 STRUCTURE REPORT Brief Introduction: Database Name: Northwind Site/Server Name: Local Data Stored of Year: 2006 Total Objects: 6 (Tables, Queries, Forms, Reports, Macros, Modules) Total Tables: 20 Total Queries: 27 ,(27 views) Total Forms: 34...
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