Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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The well-known song “Don’t You Forget about Me” plays at the end of the movie The Breakfast Club‚ signaling not only the end of the famous movie‚ but also the end of the transitory group that had developed in the earlier scenes. Although movie was released over twenty years ago‚ high school students today can still use the labels that are examined in the movie to identify themselves in the cruel world they call high school. With the final lines “you see us as you want to see us...In the simplest
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<center><b>Reading in-between the lines: An analysis of Fight Club</b></center> <br> <br>a novel by Chuck Palahniuk <br>a film directed by David Fincher <br> <br>"You are not your job. You are not how much you have in the bank. You are not the contents of your wallet. You are not your khakis. You are not a beautiful and unique snowflake. What happens first is you can’t sleep. What happens then is there’s a gun in your mouth. And what happens next is you meet Tyler Durden. Let me tell you about Tyler
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Chapter 6--Process Costing Student: ___________________________________________________________________________ 1. A process is a series of activities or operations‚ which are linked to perform a specific objective. True False 2. The cost flows for a process-costing system are totally different from those of a job order costing system. True False 3. Process systems are characterized by a larger number of homogeneous products passing through a series of processes. True False
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perceives the scenario? What were the verbal/non-verbal cues that justify your answer? Remember‚ in the selection phase it is usually the loud or out of the ordinary items that get selected first. As you work through this process‚ notice what is catching the attention of your character. What is not catching the attention of your character? What type of mood is your character in? My character that I was assigned was; Regina-working the desk. From the very beginning of this scenario‚ Regina seemed
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Answers to Warm-Up Exercises E9-1. Answer: Weighted average cost of capital N 10‚ PV $20‚000 (1 0.02) $19‚600‚ PMT Solve for I 8.30% 0.08 $20‚000 $1‚600‚ FV $20‚000 E9-2. Cost of preferred stock Answer: The cost of preferred stock is the ratio of the preferred stock dividend to the firm’s net proceeds from the sale of the preferred stock. rp Dp Np rp (0.15 $35) ($35 $3) rp $5.25 $32 16.4% E9-3. Cost of common stock equity Answer: The cost of common stock equity can be found by dividing the dividend
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or Amazon. In fact‚ it’s likely you spend at least ten minutes‚ if not more‚ just trying to narrow down the options with great frustration. Next time‚ just skip ahead of the monotonous search and look for one movie: The Breakfast Club. Released in 1985‚ The Breakfast Club is about a group of seemingly different high school students that must spend the majority of their Saturday in detention together‚ each leaving the experience with a new perspective of their classmates. While some may say movies
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Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone‚ or group‚ who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone products after making a choice. Opportunity cost is a
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Opportunity Cost Scarcity of resources is one of the more basic concepts of economics. Scarcity necessitates trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up (the next best alternative) as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost contrasts to accounting cost in
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Case Study Inventory The Cost of Inventory The general principle for cost inclusion into inventory for US GAAP and IFRS is similar but not exactly the same. First let us look at US GAAP. The basis of accounting for inventories is “cost‚” which is explained in ASC 330-10-30 paragraph 1 as “the sum of the applicable expenditures and charges directly or indirectly incurred in bringing an article to its existing condition and location.” These costs are divided into two different categories‚ the
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