Value 20 9 12 10 11 13 14 11 100 Mark PART A MULTIPLE CHOICE QUESTIONS (20 marks) Each question is worth 1 mark. Answers to these questions must be indicated on the separate answer sheet provided. 1. The sum of prime costs and manufacturing overhead costs is referred to as: A B C D 2. Upstream costs for a manufacturing firm consist of: A. B. C. D. 3. Conversion costs Non manufacturing costs Period costs Product costs R & D; Manufacturing;
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variable production overhead cost. As shown in Exhibit 2 (1)‚ the variable production overhead is about 40 percent of total production overhead‚ which is $24.50. Even though there is a One-time added costs about $5‚000‚ it is not included because it is the sunk cost that occurs for only once‚ and regards as an irrelevant cost to produce each unit of bike. The table below shows that the total relevant cost is $69.20. Materials | $39.80 | Labor | $19.60 | Variable Overhead | $9.80 |
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purchases in 2013. Decreased in fuel and lubricants (Factory overhead)‚ which used in production of tanks in 2013. Increased in company’s efficiency to utilize its inputs into outputs. This may be due to increased use of technological software or improvements in technical assistance for improving the quality/efficiency of moulds and plastic products. 2. Average Cost per Unit in Beginning Finished Goods Inventory This ratio demonstrates the average cost per unit in beginning finished goods inventory.
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Running head: CS 2204: COMMUNICATIONS AND NETWORKING WRITTEN ASSIGNMENT UNIT 3 CS 2204: Communication and Networking 1 University of the People Term 2 (2016-2017) November 29/2016 Answer the following questions in your own words‚ in no more than 4 sentences each
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CNT5106C Computer Networks‚ Summer 2010 Instructor: Prof. Ahmed Helmy Homework #1 On the Internet Architecture‚ Elementary Queuing Theory and Application Layer I. Internet and layered protocol architecture: Q1. (5 points) In the layered protocol architecture the transport layer functionality includes congestion control and error recovery (e.g.‚ retransmission). One suggested that this functionality should be done strictly at the end points (i.e.‚ at the hosts) without aid from the network. Do you
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Victoria Chemicals: Case study Introduction Victoria Chemicals is a major competitor in the worldwide chemical industry. They are a leading producer of polypropylene‚ which is a polymer used in products such as medical products and automobile components. Victoria Chemicals started up in 1967 when they built two plants‚ one in Merseyside‚ England and one in Rotterdam‚ Holland. Both plants were identical to each other and produced an equal amount of goods. In 2008 these two plants have an old-fashioned
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of new customers. Also‚ the bottling operation overhead costs‚ they estimate‚ would be half of the cost of that in this analysis. 2. The possibility of expansion. Currently‚ they are operating at capacity. An ABC cost analysis reveals that although they are posting an annual profit‚ two of their products are costing more to produce per unit than they are getting revenue for. Each bottle of chocolate milk that they produce costs an average of $2.68. They are selling it for $1.90 – nearly
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CMA Exam Support Package Examination Essay Questions For Practice © Copyright 2010 By Institute of Certified Management Accountants Introduction The Institute of Certified Management Accountants (ICMA) is publishing this book of practice questions with answers to help you prepare for the CMA examination. Each question is referenced to the Content Specification Outline (CSO) and the Learning Outcome Statements (LOS). These questions are actual “retired” questions from the CMA exams
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prevalent in practice. One example is standard costing‚ which has been used on a wide front during the last century. Standard costing is used by Customers who employ predetermined costs for valuing inventory and for charging material‚ resource‚ overhead‚ period close‚ and job close and schedule complete transactions. Differences between standard costs and actual costs are recorded as variances. Manufacturing industries typically use standard costing. Costs of items can be shared across organizations
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Master Budget Case: ToyWorks Ltd. (B) ToyWorks Ltd. is a company that manufactures and sells a single product‚ which they call a Toodle. For planning and control purposes they utilize a monthly master budget‚ which is usually developed at least six months in advance of the budget year. Their fiscal year end is June 30. During the summer of 2007‚ Chris Leigh‚ the ToyWorks controller‚ spent considerable time with Pat Frazer‚ the Manager of Marketing‚ putting together a sales forecast for
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