Part 1 In general, if the company wants to improve customer responsiveness and save cost simultaneously, then the company needs to improve customer value by efficient and effective operations throughout the supply chain pipeline by using supply chain principle. Supply chain principle is to share information in entire supply chain operations and sharing rewards and risks based on collaborative relationship and trust. To meet customer’s demand and expectation, we can use supply chain tools. Based
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flexible manufacturing system | |d. |preparing GAAP financial statements | ____ 3. Which of the following does NOT describe cost management system? |a. |evaluation of segments or products within the firm | |b. |emphasis on the future
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Chapter 3 AN INTRODUCTION TO CONSOLIDATED FINANCIAL STATEMENTS Chapter Outline A BUSINESS COMBINATION UNDER GAAP INCLUDES COMBINATIONS IN WHICH ONE OR MORE COMPANIES BECOME SUBSIDIARIES OF A PARENT CORPORATION. A A corporation that holds a majority interest (over 50%) of the voting stock of another corporation is referred to as the parent company. B The interest not held by the parent company is referred to as the noncontrolling interest. C A corporation whose outstanding voting
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following formulas should be used to allocate variable costs from service departments to user departments? budgeted unit rate × total budgeted units planned to be used actual unit rate × total budgeted units planned to be used budgeted unit rate × actual units used actual unit rate × actual units used Cubic feet are the logical cost driver for depreciation expense from heating and air conditioning equipment. The cost object is the assembly department in a factory.
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acquired by incurring these expenditures are utilized by the business for a long | | | |time and thereby they earn revenue. Capital expenditure also incurred for the purpose of increasing profit earning capacity or | | | |reducing cost production. Sometimes this expenditure even not resulting in the increase of profit earning capacity but acquires an | | | |asset comparatively permanent in nature.
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the answer sheet provided and fully shade the box corresponding to the letter of your best choice. GOODLUCK!( 1. The day-to-day work of management teams will typically comprise all of the following activities except: A. decision making. B. planning. C. cost minimizing. D. directing operational activities. 2. Which of the following is the proper sequence of events in an activity-based costing system? A. Identification of cost drivers, identification of cost pools, calculation
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BAB 7 A. PENGGABUNGAN USAHA Penggabungan Usaha adalah penyatuan entitas-entitas usaha. Penggabungan entitas usaha yang terpisah adalah suatu alternatif perluasan secara internal melalui akuisisi atau pengembangan kekayaan perusahaan secara bertahap, dan seringkali memberikan manfaat bagi semua entitas yang bersatu dan pemiliknya. Dunia usaha semakin lama semakin berkembang dan persaingan dalam jenis produk, mutu produk, maupun pemasarannya semakin ramai dan ketat sehingga seringkali timbul
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represent fixed asset upon the balance sheet at historical cost less depreciation. By Rebecca Toppe Shortridge; Amanda Schroeder and Erin Wagoner(CPA Journal, 07328435, Apr2006, Vol. 76, Issue 4) historical-cost measures remain unchanged over time, users do not get valuable feedback about appreciation or depreciation following the purchase of the asset For example, if ABC Corporation purchased a two-acre tract of land in 1980 for $1 million, then a historical-cost financial statement would still
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Cost Accounting Systems A cost accounting system (also called product costing system or costing system) is a framework used by firms to estimate the cost of their products for profitability analysis, inventory valuation and cost control. There are two main cost accounting systems: the job order costing and the process costing. Traditional costing system calculates a single overhead rate and applies it to each job or in each department. Activity-based costing on the other hand, involves calculation
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board Generally accepted accounting principles Governmental Accounting Standards Board Gross National Product Institute of Management Accountants Internal Revenue Code Internal Revenue Service Just-in-time Last-in, first-out Lower of cost or market Modified Accelerated Cost Recovery System Net 30 Net, end-of-month Price-earnings ratio Point of sale Return on investment Securities and Exchange Commission Total quality control Core_Endsheets_Rear.qxd 5/17/08 12:51 PM Page F Classification of Accounts
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