An example of a fixed cost that would be considered a direct cost is- (1).docx

•Download as DOCX, PDF•

0 likes•32 views

An example of a fixed cost that would be considered a direct cost is: a cost accountant\'s salary when the cost object is a unit of product the rental cost of a warehouse to store finished goods when the cost object is the Purchasing Department a production supervisor\'s salary when the cost objective is the Production Department Board of Directors\' fees when the cost object is the Marketing Department Solution c. a production supervisor\'s salary when the cost objective is the Production Department .

Education

Similar to An example of a fixed cost that would be considered a direct cost is- (1).docx

1. The cash budget is especially important to a firm when A. th.docx

hyacinthshackley2629

Cost & Management Accounting

amitymbaassignment

Ch 8 depreciation

Amaie Idarus

Ch2 Cost Concepts.pptx

MuneebKhan133854

Analysis of cost

Arshad A Javed

Ch-1 (B) Cost Concepts, Classificaions and Terms (3).pptx

ObsaKamil

MANAGEMENT ACCOUNTING STUDY PPT

Vincent Wedelich, PE MBA

Comprehensive Final Exam Accounting 3300 Fall 2009 Prof. Richard ...

butest

Comprehensive Final Exam Accounting 3300 Fall 2009 Prof. Richard ...

butest

Comprehensive Final Exam Accounting 3300 Fall 2009 Prof. Richard ...

butest

MAS compilation of questions

acctg2012

Cost Terms, Concepts, and Classifications

tarekegnbalango1

Managerial Accounting by Nathan Guannan Zhang

Nathan Zhang

101754299 mcq-p-amp-mm

RakeshNimhan

Chap002

NijeshKumarPMPITIL

Job order costing quiz

Accounting Plus

Acc 304 week 2 quiz – strayer new

LindaAdams2017

Men Health 12/10/2014 Smoking Smoking is bad for human being as we know, but do you how bad it would be if you smoke? The face actually indicates 438,000 Americans was killed by tobacco uses. It is almost 50 times that of illegal drug deaths. Smoking has lots of negative effects that it could cause health issues and long-tern negative effects. We need to know that smoking has none of positive effects. For all above reasons, we should not choose to smoke. Nearly twenty seven percent of all smokers are teenagers. Therefore, it is important to inform this seriousness to all of you by talking the danger of smoking, danger of smoking and secondhand smoke. 1. The cash budget is especially important to a firm when: A. there is not a lot of confidence in the sales forecast. B. it has a relatively large amount of operating cash. C. the P/E ratio has been trending downwards. D. it may have to negotiate a short-term bank loan. 2. Which of the following costs are included in the cost classification that is based on the relationship between total cost and volume of activity? A. Variable cost and fixed cost. B. Direct cost and indirect cost. C. Product cost and period cost. D. Committed cost and discretionary cost. 3. Which of the following costs are included in the cost classification that is based on the time frame perspective? A. Variable cost and fixed cost. B. Direct cost and indirect cost. C. Product cost and period cost. D. Committed cost and discretionary cost. 4. A cost that is incurred because of a long-range policy decision is known as a: A. discretionary cost. B. committed cost. C. continuous cost. D. standard cost. 5. Which of the following is not an important factor to consider when preparing a sales forecast? A. The state of the economy. B. Seasonal demand variations. C. A change in the management team. D. Competitors' actions. 6. Which of the following is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization's sales forecast? A. Sales budget B. Raw materials budget C. Production budget D. Direct labor budget 7. Which of the following lists the components of the master budget in correct chronological order? A. Direct labor budget, production budget, cost of goods sold budget. B. Sales budget, production budget, cash budget. C. Sales budget, raw materials budget, production budget. D. Cash budget, production budget, manufacturing overhead budget. 8. The raw materials budgeted to be purchased for the period is equal to: A. ending inventory + raw material used - beginning inventory. B. ending inventory + ending inventory - raw material used. C. beginning inventory - ending inventory + raw material used. D. beginning inventory + raw material used - ending inventory. 9. The operating expense budget is based on the: A. sales budget. B. production budget. C. manufacturing overhead budget. D. cash budget. 10. Depreciation on the office equipment would ...

Men Health 12102014Smoking Smoking is bad for human being .docx

andreecapon

MANAGEMENT ACCOUNTING STUDY PPT

Vincent Wedelich, PE MBA

A PROCESS COST SYSTEM WOULD BE USED FOR

SophiaMorgans

Similar to An example of a fixed cost that would be considered a direct cost is- (1).docx (20)

1. The cash budget is especially important to a firm when A. th.docx

Cost & Management Accounting

Ch 8 depreciation

Ch2 Cost Concepts.pptx

Analysis of cost

Ch-1 (B) Cost Concepts, Classificaions and Terms (3).pptx

MANAGEMENT ACCOUNTING STUDY PPT

Comprehensive Final Exam Accounting 3300 Fall 2009 Prof. Richard ...

MAS compilation of questions

Cost Terms, Concepts, and Classifications

Managerial Accounting by Nathan Guannan Zhang

101754299 mcq-p-amp-mm

Chap002

Job order costing quiz

Acc 304 week 2 quiz – strayer new

Men Health 12102014Smoking Smoking is bad for human being .docx

MANAGEMENT ACCOUNTING STUDY PPT

A PROCESS COST SYSTEM WOULD BE USED FOR

More from shawnk7

An IP datagram has arrived with the following information in the header(hex): 45000054 00030000 2006... A.) What is the header size? B.) Are there any options in the packet? C.)What is the size of the data? D.)Is the packet fragmented? E.)How many more routers can the packet travel to? F.)What is the protocol number of the payload being carried by the packet? Solution Answer: We have given IP datagram derived with the information in Hex : 45000054 00030000 2006 Now , here we divide this information as the following : A) Size of the header = 5 x 4 bytes = 20 Bytes B) No, As you can see above C) Length of the data = Total Length - HLEN = 84 - 20 = 64 Bytes D) Yes E) 32 Hops , so 32 routers . The last router will discard the datagram. .

An IP datagram has arrived with the following information in the heade.docx

shawnk7

An Institutional Review Board (IRB) is concerned with how human participants in an evaluation are treated and how the collected data is analyzed and stored. Not every country has IRBs. Provide your opinion on how studies conducted in countries with no IRBs should be perceived. Suggest whether or not data collected during those studies would be reliable. Justify your response. (250+ words) Solution Biomedical research has made remarkable advances over the past century; as a result, ethics in clinical research is of more concern than ever before. There was little public dispute over the ethics of biomedical research until the 1960s, when scandals appeared to erupt worldwide and were opened to the public . There have been many responses to these scandals including recognition of the need for standards and guidelines in the ethics of clinical research. The growing necessity for ethics in clinical research has raised concerns related to controversial issues in the processing of the formal mechanism known as the IRB. There exist various perspectives in special topics with or without consensus. This paper first introduces historically evoked scandals and responses, and then identifies key ethical issues and insights, with topics limited by space constraint. Selected debates are intended as a guide to the ethical issues confronted by physicians and researchers. Research ethics is an essential part of good research practice to protect participants in clinical studies. It is our optimistic belief that these challenging issues will be resolved through a consensus in the future. It is also my hope that this review provides an idea of the ethical framework to those investigators and anesthesiologists who will need to meet the challenges of changing patterns of research circumstances. Potential failures of the system: Problems with collaborative research at Harvard School of Public Health: Problems with collaborative research at UCLA: .

An Institutional Review Board (IRB) is concerned with how human partic.docx

shawnk7

An economy is characterized by the following behavioral equations: C = 100 + .8 Y D I = 100 G = 200 T = .25 Y Solve for each of the following. Show your calculations. Equilibrium GDP ( Y ) Disposable income ( Y D ) Consumption spending ( C ) Private saving Public saving Suppose government spending increases by 10 (?G=10). By how much will GDP change? (?Y=?) Solution C = 100 + .8 Y D I = 100 G = 200 T = .25 Y At equilibrium: Y=C+I+G Y=100+0.8(Y-T)+100+200 Y=100+0.8(Y-.25Y)+300 Y=400+0.6Y 0.4Y=400 Y=1000 Yd=Y-T Yd=1000-0.25 x 1000 Yd=750 C=100+0.8Yd C=100+0.8x 750 C=700 In equilibrium I+G=S+T 100+200=S+250 S=50 Public savings: S=T-G S=250-200 S=50 Private saving= Y-T-C 1000-250-700 =50 If G increases by 10, then G=210. Y=410+0.4Y Y=1025 GDP will increase by 25. Hence a 10 increase in government spending will increase GDP by 25. Government expenditure Multiplier= 25/10=0.25 .

An economy is characterized by the following behavioral equations- C -.docx

shawnk7

An auditor examines a sample of cancelled checks to verify that the checks were signed by two authorized people, in accordance with company policy. This is an example of a: A. Test of a control B. Substantive test C. Cutoff test D. Statistical test Solution substantive test Substantive procedures (or substantive tests ) are those activities performed by the auditor to detect material misstatement or fraud at the assertion level. The different assertions of balances .

An auditor examines a sample of cancelled checks to verify that the ch.docx

shawnk7

All of the following are false regarding apportionment except? Solution The legal term apportionment (French apportionement; Med. Latin apportionamentum; derived from Latin portio , share) means distribution or allotment in proper shares. It is a term used in law in a variety of senses. Sometimes it is employed roughly and has no technical meaning; this indicates the distribution of a benefit ( e.g. salvage or damages under the Fatal Accidents Act 1846, .

All of the following are false regarding apportionment except- a Ap.docx

shawnk7

Also indicate all zero-force members. Check all that apply. Check all that apply. Also indicate all zero-force members. Check all that apply. Solution DF and CF Only. Explanation: The chances of zero members can be DF, CF, GC, BH and CH. Starting from DF: We know DF is zero member as there is no load in the joint D and DF joins a straight member CE....Likewise if DF is zero, then CF also becomes a zero member (in the same sense as explained for DF)...But this is not the case for BH as there is a load at joint B..CH also cannot be a zero member as it is not connected to just a straight member (instead BH also exist).....Now coming to GC, GC is not a zero member as there is a load acting at joint G. .

Also indicate all zero-force members- Check all that apply- Check all.docx

shawnk7

Although objectives, functional tactics, and action items are included in many implementation plans, why do some organizations have a difficult time following the plans they create? What problems have you faced when creating or following an implementation plan? Do not copy paste and I don\'t need references. Just answer in at least 150 words. Solution The various reasons where organization have difficulty in following the implementation plan they create are as follow: - 1) Ineffective Leadership: - The sucess of the plan depends upon the competency of the leader. The leader has the responsibility to take his team forward. In time of difficulty if the leader is not able to manage things then the crust of project is lost. 2) Stimulus to Change: - When a organization creates a plan but it does not run as thought becasue of various internal and external factors. If the organization do not change as per the requirement then the plan essense is lost. The problem that I faced while creating a implementation plan are as follows: - 1) Procurement of fund: - While I was creating a plan, the biggest problem for me was the procurement of fund. As fund carries a cost. If the cost of borrowed fund is higher that its a difficult situation for the fund. 2) Utilization of fund: - The other problem for me was how to utilize the fund as there is minimum cost that I would have to recover to satisfy my stakeholders. .

Although objectives- functional tactics- and action items are included.docx

shawnk7

prove or disprove that H = {n e(element) Z| n is divisible by both 8 and 10} is a subgroup of Z? Solution here H = {n e(element) Z| n is divisible by both 8 and 10} and we have Z = { -inf .....-2,-1,0,1,2,3........+ inf} n that is divisible by 8 and 10 is LCM of 8 , 10 = 40 so any number divisible by both 8 , 10 is of form = 40 m where m is some intezer let m =1 => 40 so it also belongs to subgroup Z .

prove or disprove that H - {n e(element) Z- n is divisible by both 8.docx

shawnk7

Project 3 is based on the materials from Freakonomics Radio Podcast: How Safe Is Your job?. Economists preach the gospel of creative destruction. whereby new industries - and jobs - replace the old ones. But in this era of technological wonder, has creative destruction become too destructive? 1. One of the creative destruction examples used by Stephen Dubner (the host of Freakonomics Radio Podcast) is piano business. Before the invention of phonograph. the sales of piano was $56 million in 1914. that was more than double the sales of phonographs. In 1919, five ears later, sales of record players hit $158 million. Radio soon eclipsed that. By World War 1. pianos were no longer an essential element of every living room. By 1933, two-thirds of American homes bad at least one radio. Name another creative destruction. 2. As mentioned by Stephen. it was terrible news for the people working in the piano industry. But the workers involved in the musical recording and broadcasting industries could benefit from this creative destruction So in your example in Qi, who do you think could benefit from the technological innovation. 3. There are two types of industries, labor intensive versus capital intensive. Give me some examples for each one, and which do you expect will be affected more by the creative destruction? Explain in one or two sentences. Solution Example of Capital intensive Libraries to E-Library, For Libraries it requires lots of space, Multiple copies of same book, take care of books but in case of E-Library books required in Soft forms, no requirement to have multiple copies, Ease to use. .

Project 3 is based on the materials from Freakonomics Radio Podcast- H.docx

shawnk7

Problem 9-11A Time Value of Money Concept The following situations involve the application of the time value of money concept: 1. Jan Cain deposited $19,500 in the bank on January 1, 1995, at an interest rate of 12% compounded annually. How much has accumulated in the account by January1, 2012? 2. Mark Schultz deposited $43,200 in the bank on January 1, 2002. On January 2, 2012, this deposit has accumulated to $84,974. Interest is compounded annually on the account. What rate of interest did Mark earn on the deposit? 3. Les Hinckle made a deposit in the bank on January 1, 2005. The bank pays interest at the rate of 8% compounded annually. On January 1, 2012, the deposit has accumulated to $30,000. How much money did Les originally deposit on January 1, 2005? 4. Val Hooper deposited $11,600 in the bank on January 1 a few years ago. The bank pays an interest rate of 10% compounded annually, and the deposit is now worth $30,052. For how many years has the deposit been invested? Solution Following are the solutions using the compund interest formula Amount= P(1+R) n 1 Amount=19500(1+.12) 17 .=$133,887 2.84,974=43200(1+r) 10 r=7% 3. 30,000=P(1+.08) 8 P=$16,200 (appx) 4. 30,052=11,600(1+.10) n n=10 years .

Problem 9-11A Time Value of Money Concept The following situations inv.docx

shawnk7

Problem 5: [9 points] A red laser of wavelength 670 nm is directed through a pair of identical slits of finite width, producing an interference pattern on a screen (shown below). The distance separating the slits and screen is 1.50 m and the distance shown in the picture is as measured by a ruler on the screen. 2.0 cm Estimate both the spacing d between the centers of the slits and the width a of each individua! slit. Solution From the picture it is clear that there are 11 bright fringe in central maxima. Hence, m=6 (i.e. 5,4,3,2,1,0,-1,-2,-3,-4,-5). Given that, Fringe width (F) = 2 cm = 0.02 m Screen distance (D)= 1.5 m Wave length (L) = 670 nm Width of slit (a)= a Separation between slit (d) = d We know, F = LD/d => d= LD/F = 670nm*1.5/0.02 = 5.025 Ã— 10^-5m Also, SinÂ© ~ Â©=L/a , and m = dÃ—SinÂ©/L = dÃ—Â©/L Hence, m = (d/L)Ã—(L/a) = d/a Henceforth, a = d/m = (5.025 Ã— 10^-5)/6 = 8.375 Ã— 10^-6 m .

Problem 5- -9 points- A red laser of wavelength 670 nm is directed thr.docx

shawnk7

Problem 3-32 Internal and Sustainable Growth Rates (LG3-6) Use the following financial statements for Lake of Egypt Marina, Inc. Earnings before interest, taxes, depreciation, and amortization (EBITDA) Calculate the internal and sustainable growth rate for Lake of Egypt Marina, Inc. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Solution Internal growth rate =return on assets * (1- dividend payout ratio) / [1 -( retrun on assets * (1-dividend payout ratio)] 2015 Internal growth rate= 0.17 * ( 1 -1/2.123) / 1- [0.17 * ( 1 -1/2.123)] = (0.17 * 0.53) / 1 - (0.17 * 0.53) = 0.0901 / (1 - 0.0901) = 0.0901 / 0.9099 = 9.9% Note:- 2015 return on assets = Net income / average total assets = 143 / (785 + 910)/2 = 143 / 847.5 =0.17 .

Problem 3-32 Internal and Sustainable Growth Rates (LG3-6) Use the fol.docx

shawnk7

Problem 11-6A Problem 11-6A Irwin Corporation has been au.docx

shawnk7

More from shawnk7 (13)