gooda available for sale. -the consistency principle states that the busineses should use the same accounting methods from period to period. -under the FIFO‚ the ending inventory is based on the cost of the most recent purchases. -the value of purchases remains the same irrespective of the inventory valuation method used. -using FIFO‚ the COGS is based on the oldest purchases. -the accounting conservatism principle requires that financial statements should report LEAST favorable figures. -do
Premium Revenue Generally Accepted Accounting Principles Income statement
Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
Premium Inventory FIFO and LIFO accounting
Cost Accounting -- MIDTERM 1 1) Pointed Pencil company incurs the following costs in its manufacture of pencils. Classify each one of them according to one of the value chain functions: Functions: A) Research and Development B) Design of products‚ services‚ and processes. C) Production D) Marketing E) Distribution F) Customer Service G) Strategy and Administration ____ 1) Cost of wood used in manufacture of pencils. ____ 2) Cost of wood used in packing cartons to ship pencils. ____
Premium Variable cost Cost Costs
P5: Describe how budgets can be used to set targets to monitor and control an organisation To: Managing Director of Supper Fix From: Date: 28/11/13 This report is to discuss the ways in which targets can be set to monitor and control the organisation. Financial resources in a business can be obtained internally such as the profits from last year’s sales‚ or externally such as a bank loan‚ having management is these areas can ensure the objectives in an organisation are accomplished
Premium Management Budget Money
BM6026 - Managerial Accounting & Finance Mini Assignment - Sem 1 2014/2015 Name : Suriati Binti Yusse Matric no : MB1412199T Class : Tuesday - 7.00PM - 10.00PM product selling price Variable Cost : Material : Extract of Tongkat Ali Other Ingredients Packing Material Overhead Cost : Drying cost of liquid Other Overhead Cost Labour Cost : Processing Packaging Total Variable Cost Unit Contribution Margin Expected volume sales % of total sales Weighted Contribution Q1 : capsule
Premium Variable cost Revenue Management accounting
Culture and Organisations Pixar case study HRO372 1. Background Pixar Animation Studios was founded in 1979‚ initially specializing in producing state of the art computer hardware (Carlson‚ 2003). In 1990‚ due to poor product sales the company diversified from its core business and began producing computer animated commercials for outside companies. Success came for Pixar after the production of its first computer animated film ‘Toy story’ in 1995 (Hutton and Baute‚ 2007). Since
Premium Pixar The Walt Disney Company Organizational culture
Direction and Purpose Metaphors provide creative images for readers. They give flavor to literature and allow free interpretation of a piece; thereby making a conversation in a story‚ an image in a poem‚ a symbolism in the plot and such‚ more interesting. Through the use of such a figure of speech‚ the images are laid bare and presented fresh. This creates an interaction between the reader‚ the author and the piece; as readers are made to analyze the images presented and the idea that the metaphor
Premium Philippines Manila Metro Manila
E-BUSINESS ORGANISATION: PETRONAS Value Chain: Support Activities Firm Infrastructure: -PETRONAS is the national oil and gas company of Malaysia and is wholly-owned by the Government of Malaysia. Together with its subsidiaries and associated companies‚ PETRONAS‚ a fortune global 500’s largest corporation in the world. -Fortune ranks PETRONAS as the 75th largest company in the world and the most profitable in Asia. HR Management: -PETRONAS provide industrial training programme for undergraduates
Premium Petroleum
Religious Studies Research the work on a religious organisation- Who are they? Mission aviation fellowship‚ they are a Christian organisation operating more than 130 aircrafts in around 25 countries in the developing world. They fly across hostile environments and reach the world’s most isolated people. Which religion? Christianity. Some of the things they do? They share the love of God to unfortunate people. They seek to promote the growth of church! They support the work of many visiting
Premium United Nations
your MBA program is similar to that which I studied previously‚ yet it is much more challenging and will allow me to develop my abilities further. I already have a strong background in various aspects of business‚ from marketing and management to accounting and sales. Because of this‚ I feel I am uniquely qualified to attend your MBA program. Opportunities in this highly sophisticated and advanced branch of management. Keeping in view the need of the day‚ I came to know that your university offers
Premium Business school Bachelor's degree Management