costing. Describe the source documents used to track direct materials and direct labor costs to the job cost sheet. Calculate a predetermined overhead rate and use it to apply manufacturing overhead cost to jobs. Describe how costs flow through the accounting system in job order costing. Calculate and dispose of overapplied or underapplied manufacturing overhead. Calculate the cost of goods manufactured and cost of goods sold. Lecture Presentation–LP2 www.mhhe.com/whitecotton1e 36 FOCUS COMPANY:
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Kudler Accounting System Vu T. Ma University of Phoenix Kudler Accounting System Kathy Kudler developed a business plan and open the doors of Kudler Fine Foods in 1998 in San Diego, California. Part of the initial business plan involved developing an accounting system. Kathy outsourced a consulting company, Smith System Consulting, to help select and install a retail enterprise management system (REMS). Smith System Consulting decided to install a modular and scalable retail management system
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{ { II Semester Paper: Examination \a "a sa sa { Management IIBM Institute of Business ExaminationPaPer Accounting Management Section A: Objective Type (30 marks) o . . questions shortnotetypequestions' & ofmultiple choice consists This section Answerall thequestions. carriesI markeach& PartTwo Partoneouestion MM.100 Ea Ea \a \a \o \ia Part One:Multiple choices: be revenue(SR) Rs 8 thenthe vAy' ratio is given I . If the variablecost(vc) be Rs 5 andthe sales by: a. 1.6 b .
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Case Study 2 - Marcus Carter - Week 3 A: Average full passenger fare $160 Less: Average variable cost per passenger $(70) Contribution Margin per passenger $90 Contribution Margin = Per Passenger fare - Variable cost per passenger Contribution Margin ratio 56.25% Contribution Margin Ratio = Contribution Margin Per Passenger / Average full passenger fare x 100 Fixed operating cost per month $3,150,000 Breakeven point in passengers 35,000 Breakeven point in passengers
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indicated during our meeting, our neighborhood group has grown to a point where it needs to dramatically enhance its accounting function so that it can continue to serve effectively. This correspondence outlines the complete scope of work you requested, including objectives, procedures, identification of responsibilities, and estimated fees.] OBJECTIVE [Implement the Model 60 accounting system on the network. Install the Model 60 software, including implementation and setup, training, conversion assistance
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accessing information on the company intranet. A login should be required to access the information on the company intranet and should be monitored by the IT department. When Riordan acquired their Michigan and Georgia plants, the financing and Accounting systems compatibility was never
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CREATING, FINANCING, AND MARKETING A BUSINESS LEONA PARKS PROFESSOR MARILYN FITZPATRICK BUSINESS 100 FEBRUARY 24, 2012 Leona Parks Professor Marilyn Fitzpatrick Business 100 February 24, 2012 Creating, Financing, and Marketing a Business Identify the pros and cons of the partnership as a form of ownership. The simplicity and flexibility in creating a partnership may be one of the main advantages of the partnership as a form of business. The other main attraction to the partnership
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Management Accounting: Information for Decision-Making and Strategy Execution - 6.Edition - 2012 Anthony A. Atkinson, Robert S. Kaplan Pearson I have both Solution Manulas And Test Banks Of this Book Contact ahad2030@yahoo.com Chapter 1 How Management Accounting Information Supports Decision Making QUESTIONS 1-1 Management accounting is a discipline that designs planning and performance measurement systems, using financial and nonfinancial information, to help an organization
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Estimating Project Times and Costs Estimating ESTIMATING PROJECTS Estimating The process of forecasting or approximating the time and cost of completing project deliverables Types of Estimates Top-down (macro) estimates: analogy, group consensus, or mathematical relationships Bottom-up (micro) estimates: estimates of elements of the work breakdown structure WHY ESTIMATING TIME AND COST ARE IMPORTANT Estimates are needed to determine how long the project should take and its cost
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standardized ordering system to keep track of their inventory. As of now they are using a computerized ordering system, what they need is a system that will help them keep track of their inventory as it is sold or purchased. Kudler also needs an accounting system that will help them with payroll, accounts payable, and sales. A network that will connect sales, accounts payable, payroll, and inventory all together. Having a system that will connect all departments will allow for a more accurate financial
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