2-14 Journal Entries and T-accounts The Polaris Company uses a job-order costing system. The following data relate to October‚ the first month of the company’s fiscal year. a. Raw materials purchased on account‚ $210‚000. b. Raw materials issued to production‚ $190‚000 ($178‚000 direct materials and $12‚000 indirect materials). c. Direct labor cost incurred‚ $90‚000; indirect labor cost incurred‚ $110‚000. d. Depreciation recorded on factory equipment‚ $40‚000. e. Other manufacturing overhead costs
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Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2010‚ Amesbury budgets 2011 assembly-support costs to be $8‚300‚000 and 2011 direct labor-hours to be 166‚000. At the end of 2011‚ Amesbury is comparing the costs of several jobs that were started and completed in 2011. Laguna Model
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When I read the article‚ “Don’t Spank Your Kids‚ says 50 Years of Research” (Dicker)‚ it took me back to the first time my mother had spanked me. It was the summer time and I had gone to visit my dad in New York‚ while my mother got us settled in at our new house in Delaware. I had found the aesthetic of the punk rock lifestyle displayed on television very interesting and wanted to replicate the way they looked and dressed. As I was only six years old and had no stable job to get the clothing possible
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for predetermined overhead rate -estimated manufacturing overhead cost divided by estimated which of manufacturing overhead -it can‚ it must be a manufacturing‚ indirect labor costs that are easily traced to a job -direct which of indirect labor cost examples -maintenance into which of the companies classify manufacturing cost -direct labor‚ manufacturing‚ direct‚ materials a factor that causes overhead costs is called -cost driver what kinds of costs are assigned to units
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government‚ and someone who working within are also paid from government. They are also providing good services‚ but not looking for making money. However‚ the money that government had been given was came from taxes. (E.g. library‚ college‚ hoplites etc.) Another type of businesses are privacy own which use their own money to create their own business ‚providing good services and looking for making money .And all the staff are paid from their boss. Function of Marketing Unit 5 Marketing
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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We just know needs of Small Business‚ let’s take a look at what the att providing for customers: At first‚ att is providing a fast and stable internet access‚ there are thousands of AT&T Wi-Fi Hot Spots in the country‚ customers can get access to the Basic Wi-Fi service We are providing: Wireless: customers Share Internet access‚ files‚ servers‚ printers‚ and other devices within their office. Customers can use our Most reliable 4G LTE network‚ the network has the Largest international coverage
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The T-Distribution and T-Test “In probability and statistics‚ Student ’s t-distribution (or simply the t-distribution) is a continuous probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small” (Narasimhan ‚ 1996). Similar to the normal distribution‚ the t-distribution is symmetric and bell-shaped‚ but has heavier tails‚ meaning that it is more likely to produce values far from its mean. This makes the t-distribution
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4 Final Accounts Meaning Preparation of final account is the last stage of the accounting cycle. The basic objective of every concern maintaining the book of accounts is to find out the profit or loss in their business at the end of the year. Every businessman wishes to ascertain the financial position of his business firm as a whole during the particular period. In order to achieve the objectives for the firm‚ it is essential to prepare final accounts which include Manufacturing and Trading
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Don´t Do Drugs The drug empire is growing is an article that New York Time pubished in may 11th 2012 and it says. People use drugs in societies around the world more than ever before. Why is it this way? Is it cheper to buy drugs today than 40 years ago? Or is it just easier to reach drugdealers who are selling drugs? I belive it is the last mentioned cause. That is why I also belive we must have stricter laws cocerning druguseing as well as drugdealing to make people stop use drugs. If you ask
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