Two years later, another electrical competitor, the Thomson-Houston Company, urged with Edison General Electric to become the General Electric Company we now know today (General Electric, 2013). Manufacturing Innovators In so many various products ranging from lighting to transportation, the…
Accounting
Cost Accounting Assignment
These different bases of cost classification are summarized in the diagram below: Fixed/Variable Direct/indirect Cost Behavior Manufacturing/ Non-manufacturing incremental/sunk historic/opportunityГ??y’ If national Classification Avoidable/unavoidable Controllable/ uncontrollable Standard/actual 2. 2 Importance of cost classification Analysis of cost behavior is important to…
Cost Accounting Assignment
Historical Other Costs Information Feedback Step 2: Making Predictions use the information from step 1 together with an assessment f probability as a basis for predicting the future labor costs of $640,000 and $480,000 respectively for the “do not arrange”…
Cost accounting Assignment
Purpose Current / Future Product Costs Short-term decisions: product mix, pricing Future Longer-term strategic decisions Long-term pricing Plan future product-related costs Control of product costs Current Reimbursement contracts External reporting (inventory calculation) All the information cannot come from one source.…
Cost Accounting-Chapter Assignment
Meanwhile, the information obtained from managerial accounting is more for internal users such as managers and employees. This type of accounting is focused on the parts Of the organization to see how the operations of the organization help generate income…
Cost accounting module Assignment
Several methods are developed to allocate joint costs to joint products. By-products are not usually allocated any of the joint costs. Instead, noncoms methods are frequently used to account for by-products. This chapter concludes with the caution that allocated joint…
Cost Accounting Notes Assignment
Interest and dividends from investments Cash outflows include cash paid for: 1 . The purchase of inventory. 2. Salaries, wages, and other operating expenses. Ex. / payment of employee salaries, 3. Interest on debt. Ex. / Payment of interest on…
COst Accounting Problems Assignment
The following details are given in respect of manufacturing unit for the month of April 2005: a. Opening Work in Progress 5000 units Material (1 complete) Barbour (60% complete) Overheads(60% complete) 18, 750/- 7,500/- 3,750/- b. Units introduced in the…
ABC Model of Cost Accounting Case Study Assignment
The company piloted BBC implementation in one of its main production divisions in December 2001, when BBC concepts were at a theoretical level in China (Lieu and Pan, 2007). Two more attempts to extend the use Of BBC in one…
cost accounting Assignment
2-22 Variable costs and fixed costs. Consolidated Minerals (CM) owns the rights to extract minerals from beach sands on Fraser Island. CM has costs in three areas: a. Payment to a mining subcontractor who charges $80 per ton of beach…