Week 15 Distance Student File 1 of 35 Problem 7 – Job Order Costing Jessica Company started operations on January 2, 20x6. The company manufactures custom products and uses a job order system. Overhead is allocated to jobs based on direct labour costs. The budgeted manufacturing overhead for 20x6 was $396,900 and the direct labour costs were budgeted at $567,000. At the end of 20x6, there were two jobs in work in process: Direct material cost Direct labour cost Job A605 $20,000 12,000 Job A608
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• Fuzzy Logic. Discuss what is it and identify and discuss some applications in IT. • B2B Applications Software, Strategies and tactics, and how it has improved business process. • B2C Application Software, Strategies and tactics, and how it has improved business process. • Medical Software Applications. If you know of any software you can discuss the software and its capabilities. • Virtual Reality. Discuss what it is and identify and discuss some applications.
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Ericka Hilliard The Enron scandal was a corporate scandal involving the American energy company Enron Corporation based in Houston, Texas and the accounting, auditing and consultancy firm Arthur Andersen that was revealed in October 2001 (Wikipedia Enron Scandal 2001). All of this started when there was a loophole discovered in the accounting department when they were allowed to book large sums of money from energy-derivative contracts at their gross value and not their net value. This tactic
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The main uses of cost accounting as follows: 1. Helps in Ascertainment of Cost: Cost Accounting helps in the ascertainment of cost of each product, process, job, contract, activity etc. by using different methods of costing such as Job Costing and Process Costing. 2. Helps in Control of Cost: It helps in the control of material costs, labour costs and overheads by using different techniques of control such as Standard Costing and Budgetary Control. 3. Helps in Decision making: It helps the
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Destin Brass Production Company Contents Executive Summary ...................................................................................................................... 2 Problem Statement ....................................................................................................................... 2 Key Decision Criteria .................................................................................................................... 3 Alternatives Analysis .......
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YADA YADA YADA Week 2 Assignment: 06/21/2011 Assignment: Preparing Journal Entries and Trial Balances Exercise 2-4: Preparing general journal entries Prepare general journal entries for the following transactions of a new business called Pose for Pics. Aug. 1 Hashim Paris, the owner, invested $7,500 cash and $32,500 of photography equipment in the business. Dr Cash: $7,500 Dr Photography Equipment: $32,500 Cr Capital: Hashim Paris: $40,000 To book Capital and Equipment invested
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Cost Accounting and the Federal Government Washington will spend $782 billion more from 2000 to 2003 than it did between 1996 and 1999--an increase of $5,000 per household. With public demand to reduce federal spending, the Federal Government is rethinking the way that it provides goods and services. In order to cut spending the Federal Government is looking for new approaches to old problems. The biggest problem being, accountability. One approach to the accountability problem is to implement
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Introduction This case deals mostly with the different types of operational challenges that Albatross Anchor is currently facing. The pricing is not a huge issue for the organization and it is able to sell its products at a consistent market rate; however it is unable to realize its full profit potential due to the presence of a lot of operational inefficiencies. It is clear that if the firm is able to overcome all of these challenges, it can make the same level of profits as that of other competitors
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MANNING’S SCHOOL AGRICULTURAL SCIENCE DEPARTMENT AGRICULTURE SBA TEMPLATE Guidelines for Cost Analysis of Farm Production Project (Crop Production) Item | Description | KCMarks | Total | (I) Introduction | Name of projectLocationDurationDescription of activities, sketch of layout of plot,materials and equipments Schedule of operation | 3 1 | | (ii) Complete budget | Projected income (output x price)Projected expenditure (itemized)surplus | 1 1
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Mergers and acquisitions 2. Accounting for Financial Statements: Preparation of income statement, balance sheet and statement of cash flows: Accounting for specialized items: Property, Plant & Equipment, bad debts; provisions; financial instruments; leases; employee benefits; income taxes; revenues,; foreign currency transactions etc.;Accounting for mergers and consolidations; IFRS vs GAAP; Financial statement analysis 3. Cost and Management Accounting: Cost concepts; Job-order costing
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