PM Page 174 CHAPTER Q1 Q2 Q3 Q4 Q5 Q6 Job Costing In Brief Custom products and services, which are produced singly or in small batches, need to be valued for financial statements, tax reporting, and management monitoring. Job costing is an accounting method used to assign product costs to custom products or services. In job costing, direct costs are traced and overhead costs are allocated to individual jobs. Sometimes defects occur in custom products. Defective units can sometimes be reworked
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2015 Managerial Accounting in Aviation One of JetBlue’s goals in 2010 and 2011, according to the form 10 – K was to become “the Americas’ favorite airline”. JetBlue believes that they can reach this goal by continuing to provide superior customer service in delivering their experience while maintaining financial strength. The customer service experience can be delivered by JetBlue’s crewmembers, but their ability to maintain financial strength relies upon their managerial accounting of their airline
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Kudler Accounting System BSA/10 May 24, 2014 Sharon Foreman, PhD. Kudler Accounting System Kudler Fine Foods has hired a consulting firm to assist in them with their selection and installation of a comprehensive Retail Enterprise Management System. Smith Systems Consulting had been selected for the contract. The analysis from Smith system recommended a scalable, modular Retail Management System was purchased, installed and determined to be a superior fit for Kudlers’ retail stores. Key
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14/05/2014 Mixed Costs Total Mixed Cost VC Per Unit (Slope) Purpose of Mixed Cost Analysis To predict cost at an activity level with no historical record: Total mixed cost line can be expressed as: 2N Y Total Utility Cost Fixed Cost (Intercept) Level of Activity If your fixed monthly utility charge is $40, your variable cost is $0.03 per kilowatt hour, can you predict the utility of next month when you plan to use 2,000 kilowatt hours? Y = a + bX Variable Cost per KW
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technology and Accounting I have been doing accounting for the last 13 years. When I started I would enter everything by hand on paper. I would have to figure payroll time cards and all the taxes with a calculator and enter them in the proper columns. I would hand write payroll and account payable checks, along with filing all the proper forms. This would take me several hours and days. Now with all the technology in the world and all the programs for accounting, bookkeeping has
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Accounting System Controls In accounting systems, certain controls are needed to ensure that employees are doing their jobs properly and ensure that the system runs properly. These checks are in the best interest of the organization. These controls come in the form of internal and external controls for the system. The internal controls are the checks that are placed in the system my the company's own management and directors. Today more and more companies are moving from the manual
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Accounting in Business Assignment #1 Student Number is 9487165 Assignment Reference: AiB/9487165/Jan14/A1 Part A - Part A.1 – Cash Budget Explanatory Notes for Cash Budget items calculations Part A.2 - Income Statement Including Explanatory notes Part A.3 - Balance Sheet Including Explanatory notes Part B – Ratios Calculation B.1 – Return on Capital Employed B.2 – Cash Conversion Cycle B.3 – Gearing B.4 – Interest Cover B.5 – Current Ratio Part
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History Satyam Computer services Limited an Information Technology Company was founded in 1987 by Ramalinga Raju. The company is based in Hyderabad, India and was the fourth largest software exporter in India until January 2009. As one of the largest software company, Satyam traded in the Bombay Stock Exchange, the national Stock Exchange and New York Exchange. Satyam grew rapidly with customers stretching over 66 countries and was ranked at 185th on the Fortune 500 companies list. In 2008, Satyam
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Accounting Equation Essay ACC/300 Lucinda Degarmo November 30, 2015 Professor Brandy Havens The accounting equation is a simple formula used to measure a company’s financial position. There are three elements that make up an accounting equation; Assets, Liabilities, Equity. There are two types of accounting equations, one for a sole proprietorship and one for a corporation. The accounting equation used for the sole proprietorship is as follows: Assets = Liabilities + Owner’s Equity
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AC113-Accounting-Unit 3-Assignments Exercise 2-21 (pg.70 &71) Describe how each transaction of Lucent Technologies Inc. affect the three elements of the Accounting Equation Assets Liabilities Stock Holders Equity a Received Cash from issuing stock Increase in stock holder equity and increase in asset of cash b Made cash sale Increase in Asset of cash c Received cash from issuance of long term debt Increase in Asset of cash and Decreased Liability
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