Table of Contents Declaration of plagiarism statement----------------------------------------------- | Pg 3 | Marking scheme---------------------------------------------------------------------- | Pg 4 | Introduction--------------------------------------------------------------------------- | Pg 5 | Contents * Section 1--------------------------------------------------------------------- | Pg 6 | * Section 2--------------------------------------------------------------------- | Pg
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from the results of the evaluation. It was stated in the case that the company would like to design a database that will allow them to generate an invoice for each sale‚ a monthly account for each client and a full inventory of raw materials and finished breading‚ which is exactly what the information database will provide them once they start using the system. As discussed in brief at the introductory paragraph‚ there are two functions of keeping an information database: for performance monitoring
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converted into finished goods and semi-finished goods. Materials are grouped as direct materials and indirect materials. Direct Materials: Direct materials are those that form part of a product. Raw materials‚ semifinished products‚ and finished products which can be identified with production of a product are known as direct materials. Sugar cane‚ cotton‚ oilseeds‚ woods etc. are examples of direct materials. The cost of materials involves conversion of raw materials into finished products. Indirect
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CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the difference
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parts used‚ quantity of finished product and maintenance schedule of the Manufacturing department. If parts used are not being kept track of‚ this would result in raw material shortages. Machinery to produce a final product may break down due to the fact that routine maintenance is not completed in a timely manner. The Accounting department uses a different application of the information system. This application keeps track of cost of supplies‚ utilities paid‚ finished product costs‚ and the like
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information system that translates the finished product requirements of the master schedule into time- phased requirements for subassemblies‚ component parts and raw materials‚ working backward from the due date using lead times and other information to determine when and how much to order. Material requirements planning is as much a philosophy as it is a technique‚ and as much approach to scheduling as it to inventory control. MRP begin with a schedule for finished goods that is converted into a schedule
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pretest and post-test)- when finished‚ print your course certificate Developmental Screening Dropdown menu- developmental and mental health screening- developmental surveillance and screening- enroll- lessons (must complete pretest and post-test)- when finished‚ print your course certificate Cultural Competence Dropdown menu- overview of best practices and children’s services- Cultural Competence- enroll- lessons (must complete pretest and post-test)- when finished‚ print your course certificate
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CHAPTER 6 MASTER BUDGET AND RESPONSIBILITY ACCOUNTING 6-16 (15 min.) Sales budget‚ service setting. In 2014‚ Rouse & Sons‚ a small environmental-testing firm‚ performed 12‚200 radon tests for $290 each and 16‚400 lead tests for $240 each. Because newer homes are being built with leadfree pipes‚ lead-testing volume is expected to decrease by 10% next year. However‚ awareness of radon-related health hazards is expected to result in a 6% increase in radon-test volume each year in the near future.
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2/11/2014-3230 Independent demand Dependent demand Finished Goods inventories—retailers WIP inventories—Assemble to order Raw materials inventory—Make to stock‚ Make to order Cycle inventory—Q/2 Safety Stock inventory—SS*D Pipeline Inventory—L*D Cost of inventory 1. Shipment 2. Unit cost 3. Ordering Cost 4. Holding Cost 5. Shortage cost 6. Obsolescence(荒废) What are the benefits of low inventory? ---Low holding cost (Q/2) A． Office Supplies—Large inventories B． Flu shots—Large
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| | |3. |Lubricants used for machine maintenance |X | | |4. |Salaries of personnel who work in the finished goods warehouse | |X | |5. |Soap and paper towels used by factory workers at the end of a shift |X |
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