OVERVIEW This is an excellent short case to introduce the managerial accounting issues related to the "joint cost" problem. Classic microeconomics argues unequivocally that attempts to assign cost to individual products in a "joint" set constitute a complete waste of time--"just maximize the total revenue over the batch." Like the comparable adage to "price so that marginal cost equals marginal revenue‚" the economists’ advice about joint costing is certainly accurate‚ given the assumptions‚ but
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A figure of cost of goods sold reflecting the cost of the product or good that a company sells to generate revenue‚ appearing on the income statement‚ as an expense. Also‚ referred to as "cost of sales". It is essentially a cost of doing business‚ such as the amount paid to purchase raw materials in order to manufacture them into finished goods. For example‚ if a $10 widget costs $6 to make‚ then the cost of goods sold is $6 per widget. That is‚ the cost of goods sold is equal to the beginning
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Night and Sold essay Maturity‚ the point in a child’s life when they transform in many wondrous ways and gain much needed values. You don’t want to rush the process‚ nor do you want to try and enter the world without maturity because of the values you will need. By examining the novels Night and Sold we can see that maturity is the key to survival‚ which s important because often times people who don’t mature struggle in the world due to the lack of the necessary values that maturity brings with
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You have two types of inventory making up your cost of goods sold: 1. Direct materials: This is the inventory the you purchase to make the products. For example‚ to handcraft a leather purse‚ you may purchase leather‚ zippers‚ snap‚ grommets etc. 2. Work in process: This inventory category includes direct materials that have been partially but not completely made into sellable products - for example‚ your leather purse is missing a zipper closure or straps. Ok‚ now that you understand the two different
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This guide was created by Tracie Vaughn Zimmer‚ a reading specialist and children’s author. A L S O AVA I L A B L E SOLD MY BROTHER’S KEEPER Tr. ed. 0-7868-5171-6 $15.99 Tr. ed. 0-7868-5173-2 $15.99 Pbk. ed. 0-7868-5174-0 $5.99 “In Cut‚ Patricia McCormick’s debut novel‚ the narrator cuts herself in order to feel something. . . . Her second novel‚ My Brother’s Keeper‚ cuts even more deeply.” —New York Times Book Review HYPERION 114 Fifth Avenue‚ New York‚ NY 10011 Visit us at www.hyperionteens
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but then realizes Mumtaz pays the men off to simply look the other way. She then begins to question how these women will ever receive justice for the wrong doing of Mumtaz and the numerous men that participated in the Happiness House. At the end of Sold‚ McCormick does not give an explanation as to what happens to Lakshmi and the other girls after the police invade the Happiness House. The author does this because in the majority of cases of sex trafficking the girls do not receive a new slate and
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"How Is Helium Produced?" Production: Although Helium is one of the most common elements in the universe it is a rare gas on earth. It exists in the atmosphere in such small quantities (less than five parts per million) that recovering it from the air is uneconomical. Helium is produced as a by-product of the refining of natural gas‚ which is carried out on a commercial scale in the USA and Poland. In these areas natural gas contains a relatively high concentration of Helium which has accumulated
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1. How is electricity produced? The most simple way of producing static ekectricity is by rubbing or friction. When you rub two different kind of materials that are insulator‚ you can transfer electrons from one substance to another. Nowadays‚ to create electricity we use battery and generators. Voltage can be made by heart‚ light or mechanical pressure. http://science.howstuffworks.com/electricity-info2.htm 2. Where and how is electricity used? Electricity gives us ability to produce
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Should guns be sold to anyone? Gun violence happens all around the world on a daily basis. Being able to buy a gun regardless of who you are is being taken advantage of tremendously. Being able to buy a gun without a background check is absolutely pathetic. They are putting the world at risk because they do not know why the buyer is buying this weapon and what they are going to use it for. The buyer might possibly go out on a mass shooting spree and kill many innocent lives. This is why we need to
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Whether human organs should be bought and sold‚ it really up to the person who is willing to go ahead with it. However‚ based on economics I think that human organs should be available for those that need them. An example would have to be that with our kidneys‚ we are able to live with only one of them‚ and if there was someone that we matched their blood type could we honestly say that we would refuse them one if their life were in the balance? I do also think that based on the economic part
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