Ch. 8, 34 Budget Information Paint set production Direct manuf. Labor hours per paint set (hours) Direct manuf. Labor rate per hour Variable manuf. OH rate per hour 1) Actual Costs Incurred $693,680.00 Price Variance: Efficiency Variance 2) Actual Costs Incurred 25,000 2 $10 $20 Actual Results 29,000 2.3 $10.40 $18.95 Actual Input Q x Budg. Rate Flexible budget $667,000 $580,000 $26,680.00 Unfavorable $87,000 Unfavorable Actual Input Q x Budg. Rate Flexible Budget $1,263,965.00 $1,334,000 $1
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|Activity Cost Pool |Activity Driver |Activity Cost |Number of driver Units |Activity Driver Rate | |Physician Time |Physician examination minutes devote to patient |$ 930108 |266255 |3.49 | |Nurse Practitioner Time |Nurse Practitioner examination minutes
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Central and West divisions of the company. Budgeted annual costs for the travel department are $225,000. What are the cost objects in this situation? The cost objects in this situation is the east, central, and west divisions. What is the cost pool? The cost pool would be the cost of running the employee travel department which is $225,000. Suggest some alternative bases for allocating (charging) the service department costs generated by the employee travel department. The number
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Travis, I enjoyed our lunch yesterday. It was good to catch up. I can’t believe it’s been five years since we last worked together! While it’s been a bit of a transition, I’m enjoying my work here at Tipstar Gaming. These guys are creative geniuses. Their goal is to be the industry leader in multi-player, online gaming, and they are really pushing the envelope. They are close to releasing a new game now that is just unbelievable. It's all very hush hush, but I've seen some early versions. Think World
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CHAPTER The Foundations of Entrepreneurship Copyright © 2011 Pearson Education 1 The World of the Entrepreneur Every year U.S. entrepreneurs launch 550,000 new businesses. Entrepreneurial spirit - the most significant economic development in recent history. GEM study: 18.7% of adult population in the U.S. is actively involved in trying to start a new business. Ch. 1: The Foundations of Entrepreneurship Copyright © 2011 Pearson Education 1-2 Dunia kewirausahaan
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Top Five Investment Portfolios: 1. Large-Company Stocks: portfolios based on the Standard & Poor (S&P) 500 Index—LARGEST 2. Small- Company Stocks: portfolios based on smallest 20% of companies on the New York Stock Exchange. 3. Long-term corporate bonds: portfolios of high-quality bonds with 20 years to maturity. 4. Long-term U.S. government bonds: portfolios of U.S. government bonds with 20 years to maturity. 5. U.S. Treasury bills: portfolio bills with a three-month
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Problem 7-9 Answer B Note receivable- June 30, 2010 1,500,000 Less: Payment on July 1, 2011 500,000 Balance- July 1, 2011 1,000,000 Accrued interest from July 1, 2011 to June 30, 2012 (1,000,000 x 8%) 80,000 Problem 7- 10 Answer C Problem 7- 11 Answer B Note receivable- January 1, 2011 6,000,000 Principal payment on December 31, 2011 Annual payment 1,975,400 Interest payment( 12% x 6,000,000) (720,000) 1,255,400 Carrying
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Financial Accounting – Historical Cost Accounting Student Name: Richard Simpson B00580164 Total Word Count: Contents Page Executive Summary The purpose of this report is to analyse historical cost accounting providing information on the strengths and weaknesses, alternatives to historical cost accounting and current regulatory guidance on how to deal with the effects of inflation on the financial statements. This report has also considered and explained the following
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our special gratitude towards Ma’am Rafia Ayub of Cost Accounting, for giving us such a unique project. CHAPTER O5: CLASSIFICATION OF COST Cost can be classified into two categories i.e. product cost and period cost. 5.1.1 Product cost Product cost includes; • Direct material • Direct labor • Factory overheads All elements of product cost are already stated above. 5.1.2 Period cost It consists of all the cost related to Marketing, Selling and Administrative
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Fundamentals of Cost Accounting 3e William N. Lanen University of Michigan Shannon W. Anderson Rice University Michael W. Maher University of California at Davis FUNDAMENTALS OF COST ACCOUNTING Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright © 2011, 2008, 2006 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or
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