1). Fixed cost per unit decreases when: a. Production volume increases. b. Production volume decreases. c. Variable cost per unit decreases. d. Variable cost per unit increases. 2). Prime cost + Factory overhead cost is: a. Conversion cost. b. Production cost. c. Total cost. d. None of given option. 3). Find the value of purchases if Raw material consumed Rs. 90‚000; Opening and closing stock of raw material
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The Board of Aldermen of the Hayville approved the Appropriations budget for its General Fund for the year ending December 31 as shown below. |General Government |$ 500‚000 | |Public Safety |2‚800‚000 | |Public Works |1‚200‚000 | |Health and Welfare
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| |2009 Edition | |Chapter 1 |Chapter 2 |Chapter 3 |Chapter 4 | | |Multiple Choice |Multiple Choice |Multiple Choice |Multiple Choice |48. C | |Basic Concepts |1. B |Costs classification |Basic
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Benefits of a Cost Accounting Information System By kmoney4islam. Cost accounting offers benefits for manufacturing companies. A cost accounting information system offers benefits for many companies. Cost accounting is a type of accounting method concerned with the cost of goods manufactured and /or sold. Many factors are taken into consideration when cost accountants analyze business costs . The information determined by these accountants is used for inventory valuation ‚ financial statements
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Unit 6 Statement of Cash Flows and Financial Statement Analysis & The Metrics of a Company Unit Assignment Kaplan University January 18‚ 2013 AC505: Advanced Managerial/Cost Accounting |Transaction |Operating |Investing |Financing | |A. Paid bills to insurers and utility providers
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Criticism on historical cost accounting 1. Inability to provide useful information in times of rising prices * Assumes that money holds a constant purchasing power‚ so the result become irrelevance in times of rising prices * Received much criticism during high inflation periods of 1970s and 1980s. * Obvious flaw in time of rising prices. 2. Real problem of additivity * Some countries allowed revaluation of non-current assets and the different assets are revaluing
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ueInstructor’s Manual Contemporary Engineering Economics Fourth Edition Chan S. Park Auburn University Contemporary Engineering Economics‚ Fourth Edition‚ By Chan S. Park. ISBN 0-13-187628-7. © 2007 Pearson Education‚ Inc.‚ Upper Saddle River‚ NJ. All rights reserved. This material is protected by Copyright and written permission should be obtained from the publisher prior to any prohibited reproduction‚ storage in a retrieval system‚ or transmission in any form or by means‚ electronic
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(‚‚) = 1 + 2" ‚ "k+1 = "k -f’ I’ ("k) 1 3 1/9 7/3 0.00227 2.23810 -2.2 x 10-6 2.23607 0 2.23608 I("k) "k+1 2/3 13/21 0.618033 0.618034 0.618034 5. (A prize) PV = $4‚ 682‚ 460. 1 2 CHAPTER mE BASIC 2. mEORY OFINTEREST 6. (Sunk cost) The payment stream for apartment A is 1‚000‚ 1‚000‚ 1‚000‚ 1‚000 1‚000‚ 1‚000 while for B it is 1‚900‚ 900‚ 900‚ 900‚ 900‚ 900. At any interest rate PVA l1(x) = = = = = = ~ --IT x 1 )’2X)’-1 )’2 ()’ -1) X)’-2 1 -)’ (b) U(x) = )’X)’-l Relative
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INTRODUCTION Realised-profit‚ matching-based‚ historical cost accruals accounting (HCA) has for over fifty years been repeatedly challenged as being an inadequate basis for the measurement of "income" which reports increments in the value of businesses. Such challenges continue unabated and are made by both accounting standards regulators and by academic commentators. Despite its obvious deficiencies for measuring valuation based income‚ and subject to concept of prudence‚ internationally HCA remains
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CAPACITY ANALYSIS 9-1 No. Differences in operating income between variable costing and absorption costing are due to accounting for fixed manufacturing costs. Under variable costing only variable manufacturing costs are included as inventoriable costs. Under absorption costing both variable and fixed manufacturing costs are included as inventoriable costs. Fixed marketing and distribution costs are not accounted for differently under variable costing and absorption costing. 9-2 The term direct costing
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