completed for Danshui Plant No. 2 to break even? 2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to planned production? What was the actual cost per unit of production and shipping. 3. Prepare a flexible budget for 180‚000 iPhone 4’s and calculate flexible budget variances using actual costs for August. 4. Estimate material price and usage for flash memories‚ labor rate and usage (efficiency)
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TOPIC: ACTIVITY-BASED MANAGEMENT INTRODUCTION Activity based management (ABM) is an approach to management that aims to maximize the value adding activities to the customers while minimizing or eliminating non-value adding activities. The objective of ABM is to improve the efficiency and effectiveness of an organization in securing its markets. It draws on activity based-costing (ABC) as its major source of information and focuses on managing activities to (1) reduce costs‚ (2) create performance
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Should technological advancement in business be the most important objective? Technological advancements should not be the most imperative goal in businesses today. Imperative‚ meaning that it is not the most important factor for businesses to consider nor should it be the main priority. Technological advancements mean the development of technologies that have yet been created. It can lead to a dependency on technology‚ loss of jobs due to people being replaced by technology and can be highly
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Cost Accounting Role Cost accounting is valuable to an organization if it significantly improves the decision making process within the organization by providing accurate and timely input regarding the cost behavior in organizations. Generally based on standard accounting practices‚ cost accounting is one of the tools that managers utilize to determine what type and how much expenses is involved with maintaining the current business model. At the same time‚ the principles of cost accounting
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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 4. The production report is the document that summarizes the manufacturing activity that takes place in a work-in-process
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Conceptual Framework Cost Accounting Cost accounting‚ as a tool of management‚ provides management with detailed records of the costs relating to products‚ operations or functions. Cost accounting refers to the process of determining and accumulating the cost of some particular product or activity. It also covers classification‚ analysis and interpretation of costs. The cost so determined and accumulated may be the estimated future costs for planning purposes‚ or actual (historical) costs for evaluating
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Extracurricular Activities on Academic Performance at NSU Introduction Music‚ volunteer work‚ community service‚ sports‚ debating‚ etc—all of these have an influence on how university students perform academically. The way students choose to spend their free time can affect their academic performance; it is not simply traditional in-class instruction that impacts academic achievement. “A study by the U. S. Department of Education revealed that students who participate in co-curricular activities are three
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Category:Leisure Activities Leisure is one’s discretionary time spent in non-compulsory activities‚ time spent away from cares and toils. Because leisure time is free from compulsory activities such as employment‚ running a business‚ household chores‚ education and other such day-to-day stresses‚ not including eating‚ and sleeping‚ it is often referred to as "free time." This category is for leisure activities such as those which one voluntarily spends away from such stresses‚ so called ’down time
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UNEXPECTED COSTS Grantham University Abstract Unexpected inflation rates can happen‚ decreased prices in consumer goods and services happen all the time and in other times it can actually increase. It’s up to us to figure out how our financial future is going. Inflation When consumers expect an increased inflation rate statistics shows that most consumers spend more due to the fact that they know that they can get more bang for their buck before inflation rises than
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Deviance within the Workplace Scholars from both sociological traditions define deviance using comparisons (Warren‚ 2003‚ p. 623). Ultimately‚ the question “Deviant compared to what?” must be answered in order to assign the label deviant. In order to conduct such behavioral comparison‚ researchers need to summarize the person’s behavior in some way. Norms serve as this function: they summarize the behavior of the reference group (Warren‚ 2003‚ p. 624). The act of deviance occurs every day within workplace
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