When a person suffers injury due to someone else’s action‚ it is natural for him to ask for compensation for that injury. Unfortunately‚ in most of the cases‚ the injured person is denied the compensation he is entitled for and the insurance companies never always underpay for their own stakes. Insurance companies do this deliberately as they are aware of the fact that a common person does not know the legalities because of which he will never be able to protest them. This is when there comes a need
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Management Accounting ACC107 Individual Assignment Asma Moosa 30624 Diploma In Business Sem 4 c) Overhead absorption rate= OAR/ ORR Smoothing= 12663.5/10000 = $1.27 Shaping = 31362.5/25000 = $ 1.25 Fixing = 20471.75/5000 = $ 4.09 Question 2 a)Total Selling Overheads Variable selling overhead= 6000*18.75 =112500 Fixed selling overhead = 100000 Total selling overhead = 100000+112500= 212500 b) i) Marginal Costing Revenue (200*10000) 2000000 Opening Inventory(84*2000) 168000 COST OF PRODUCTION
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overcoat. Discussion Costing method & purpose of variance analysis Merinos Ltd. uses absoprtion costing to cost their overcoats‚ which means that all of the manufacturing costs are absorbed by the units produced. In the case of ‘Belma’ overcoat this means that cost of a finished overcoat will include direct materials (e.g. leather)‚ direct labour (e.g. skilled labour)‚ and both variable and fixed manufacturing costs (e.g. rent). Non-manufacturing costs are considered as
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Summer Meeting Management Case Study Submission and Format Guidelines Management Case Studies are 20-minute platform presentations followed by a 10-minute question and answer period. ASHP is seeking management case studies in specific topic areas: • Informatics • Leadership / Administration • Medication Safety • Clinical Conundrums This document will assist you in the preparation of your submission for a Management Case Study (MCS). The number of accepted management case studies will be limited
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Management Accounting Absorption vs Marginal Costing Report 20813287 Absorption vs. Marginal Costing (Atmospheric Ltd) Contents Page No Memorandum 3 Marginal (Variable) Costing 4 Absorption
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of people taking medical marijuana has increased to a very large extent. The doctors at Marijuana dispensary in Graham‚ usually recommend the patients that they are going to get relief from marijuana. They describe the diagnosis of the patient in a letter and then recommend marijuana to them. A law has been made according to which the state can issue ID cards to the patients of the medical marijuana that can be used in spite of the recommendation letter. Thus‚ the use of medical marijuana is not
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and whether to expand or close manufacturing facilities. 11 Decision Making and Relevant Information C h a p t e r Working Working with managers to make decisions is one of the main functions of the management accountant and an important thrust of this book. The use of accounting information for decision making has been a consistent theme in earlier chapters. In this chapter‚ we focus on specific and common decisions such as accepting or rejecting a one-time-only special order‚ insourcing
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Problem 1 A. Overhead: Department Rates Production Departments Assembly Packaging Total Overhead $216000 $50400 $720000 Direct labor hours Deluxe 10000 10000 20000 Regular 150000 10000 160000 Total DL 160000 20000 180000 Machine hours Deluxe 2000 8000 10000 Regular 8000 72000 80000 Total machine
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an important part in the success of a company‚ without it a company would have little to no presence in the market. Although Lifeline Medical is finding success with their business‚ the company is currently lacking in their promotional efforts. According to an interview with Lifeline Medical‚ the company’s only promotional efforts are their website (Lifeline Medical‚ personal communication‚ August 2015). Unlike other companies‚ Lifeline Medical’s target market is one of the hardest to reach. Physicians
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The main contact person that would handle the process and procedures for billing and reimbursement in health care office is the Medical Office Specialist. They would clearly know the rules‚ regulations and requirements of billing as well as the time frame for submitting health care claims and receiving payments from insurance companies. The Medical Office Specialist has a tremendous responsibility‚ since they are the liable party for any fraudulent billing. They are typically the first person
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