Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
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Swift wrote plain perfection of prose. Comment. Many critics like William Deans Howells; T.S. Eliot etc. have called Jonathan Swift the greatest writer of prose like T.S. Eliot says that "Swift‚ the greatest writer of English prose‚ and the greatest man who has ever written great English prose." But there are reasons for this greatness. One of the main reasons is that Swift wrote in a very plain and downright style. He didn’t use any embellishments. At times‚ when Swift was writing serious stuff
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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R. K. Narayan From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search Not to be confused with K. R. Narayanan. R. K. Narayan | | Born | Rasipuram Krishnaswami Iyer Narayanaswami 10 October 1906 Madras‚ British India (now Chennai‚ Tamil Nadu‚ India) | Died | 13 May 2001 (aged 94) Chennai | Occupation | Writer | Nationality | Indian | Genres | Fiction‚ mythology and non-fiction | Notable award(s) | Padma Vibhushan‚ Sahitya Akademi Award‚ AC Benson Medal | Influenced[show] | R.
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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4G Technology Until recently in the UK‚ everything concerning mobile technology was run on 3G (3rd generation wireless technology)‚ however 4G has now been introduced. 4G is the 4th generation wireless technology also referred to as Long Term Evolution (LTE). It is built to provide a more efficient mobile internet and data service. It gives a much quicker connection speed of up to 100mb per second which is faster than many home broadband connections. It is said to be described as “MAGIC” mobile
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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The Shining‚ by Stephen King‚ is about a man and his wife and son staying in a hotel during the winter. The man is named Jack Torrance‚ who will be the caretaker of the Overlook Hotel from the months of November to April. Jack was notorious for losing his job‚ mostly since he had a bad temper and drank excessively. Thankfully though‚ his good buddy Al knew the owner of the Overlook‚ who needed someone to stay there when everyone else left; so‚ he was able to get him the job. Jack’s son‚ Danny‚ has
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