11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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your best. Being a taxi driver is not an exemption. Yet despite being a challenging job‚ it is an awesome opportunity for meeting different kinds of people and going to different places. From Taxi Register‚ being a taxi driver requires one to be sociable‚ polite and friendly. I surely agree with it. No passenger would like to ride a cab whose driver looks so uninviting. At all times I try my best to be courteous‚ polite and accommodating to my passengers. As a taxi driver I know that I am responsible
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use of a single burden rate. Burden costs of the testing rooms as well as other costs such as admin were grouped into a single cost pool and then divided by the total labor dollars. This resulted to a single burden rate of 145% of direct labor dollars (cost driver). This method is not appropriate for Seligram because the information on the case present that direct labor hours and machine hours vary by product line and activity. In addition‚ the burden cost of the main and test room also significantly
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Drunk drivers have caused over ten thousand deaths every year. Drinking and driving is also a big deal‚ because of how it puts innocent people at risk every day. This issue can also affect the next generation of new drivers too. So since drunk driving has caused many deaths‚ and continues to happen‚ it is an issue that clearly needs to be addressed so it can be stopped. Defining and Background: To be considered a drunk driver all that it takes is to be driving while succeeding the alcohol limit
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The “Are You Talkin’ to Me?” scene in Taxi Driver is one of the most famous and widely imitated scenes in cinematic history. Travis Bickle is talking to himself and the world as a whole while he points his gun and threatens into that mirror. This is a breaking point in Travis’ life and his psyche. He has become more and more disassociated with reality and now he must act on his objections to the world. Scorsese shows Travis’ skewed point of view through a number of effective mise-en-scene‚
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Want to know List two things you want to know about driving. 1.How to be a good driver 2.How to be a safe driver L—What you Learned Identify at least two new things you learned from Module One. 1. driving Is a privilege 2. driving isn’t for everybody Do you already have your learners permit? Yes or No NO If no‚ have you taken the 4 hour drug/alcohol certificate? NO Module 2: The Driver: Please answer the following questions: Aha Moments: Aha moments are times when
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Overall‚ there has been much time and effort expended by organizational researchers over the last 80 years to provide decision-makers in organizations with research-based solutions for reducing turnover. This research strongly indicates that a combination of new employee assessment tools‚ including Realistic Job Previews‚ Job-Related Personality Assessments‚ and Behavior-Based Interviews not only predict which applicants in the general workforce will turn over‚ but it also indicates that this
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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Cost estimation is a fundamental aspect of managerial/cost accounting (Datar et al. 2008; Eldenburg and Wolcott 2005). The cost predictions are used in each of the management functions. for example used to predict costs so that management can determine the desirability of alternative options and to budget expenditures‚ profits‚ and cash flows. The objective is to support students in learning how to apply regression analyses to understand cost behavior and forecast future costs using real data from
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