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 case of Levi Strauss (1) Who doesn’t know Levi’s‚ the American blue jeans icon known all over the world? Today‚ Levi’s is one of the world’s largest brand-name companies in the blue jeans and casual pants markets. Its products are sold under the Levi’s‚ Dockers and Levi Strauss Signature brands. While Levi’s conveys an image of quality and innovation‚ the brand is mostly recognized for its status as the original pioneer brand among international customers. With sales in more than 100
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B313F Management and Cost Accounting Assignment 1 Date due: 29 October 2008 Weighting: 15% of the total marks of the course Question 1 (25 marks) Mini Case – Seto’s Storage Warehouse Paul Seto owns and manages a commercial storage warehouse. He stores a vast variety of perishable goods for his customers. Under the existing pricing policy‚ he has charged customers using a flat rate of $2.40 per kilogram per month for goods stored. His storage warehouse has 10‚000 cubic metres of
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ft f1 rt L) \J CLD U Lerri Strauss & Co. Channel Strategy: Mass fo Class In November:oo:. Levi Strauss & Conrpany (LS & Co.) erinounced that tlre comp:lfry rvas plannin.g to roll out a land o f casual wear lbr the mass retail channel. LS & Co.’g nerv brand of clothing. ca}led Levi Strauss Sirrraturel’r{ (see [xhibil r)‚ rvhich is estimated to se]l for abor-rt $:5 a pair‚ wor.rld be available at all 3.ooo Wai-Mart stores throughout the LI.S. be$inning in‚fu1v zoo3. The Levr Strauss Signature brand
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Accounting Final Exam 1.) Five forces included in industry analysis Competitors. Potential entrants into the market. Equivalent products. Bargaining power of customers. Bargaining power of input suppliers. 2.) The balanced scorecard translates an organization’s mission and strategy into a set of performance measures that provides the framework for implementing its strategy. The balanced scorecard does not focus solely on achieving short-run financial objectives. It also highlights the
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Cost Accounting of Nursing Home Introduction Cost accounting is traditionally viewed as manufacturing support system so it is usually used for product related systems. Nursing homes are the entities that provide healthcare services to patients seeking special treatments. The cost accounting for nursing homes will revolve around the services provided by them and we considered them as our major ‘cost objects’. It offers the most extensive care a person can get outside a hospital. Nursing
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Brief About AS-16 Borrowing cost Background: A Business Enterprises requires fund for either of following 2 purposes: a) To finance its long term assets like plant and machinery‚ properties‚ furniture etc b) To finance its working capital needs for ensuring smooth functioning of its business activities In case of business enterprise goes for Expansion .i.e it enters into new line of business or goes into new product line or set up new plant‚ funds are required Incase of well established
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She is given a few days to come up with a recommendation about a new concept called Personal Pair. CCTC had approached Levi Strauss with a joint proposal; their jeans could now be customized in style and fit to meet each customer’s unique needs and taste. According to CCTC‚ this idea would generate higher profit margins for the company. At the same time‚ Heidi was hesitant about Levi being able to handle the new technology and was uncertain if the whole operation would come back later to hunt her. Market
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businesses were to choose a cash basis accounting method‚ they would record revenue when payments were received and they would record costs when payments were remitted. Payable and receivable entries would not be used since future payments would not be recorded and an inventory entry would not be needed as well. The merchandise purchased for resale or the materials purchased for use in the manufacturing of products would be recorded as an expense in the accounting period in which those purchases were
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CHAPTER 9 INVENTORY COSTING AND CAPACITY ANALYSIS TRUE/FALSE 1. Absorption costing “absorbs” only variable manufacturing costs. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: absorption costing Absorption costing “absorbs” all manufacturing costs‚ both fixed and variable. 2. Variable costing includes all variable costs — both manufacturing and nonmanufacturing — in inventory. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: variable costing
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