Bruna Claro Pajaki completed an internship from May 18, 2015 to August 10, 2015 totaling 480 hours with the Crystallization and Particle Technology Systems Engineering group in the School of Chemical Engineering at Purdue University. She participated in a research project studying seeded cooling batch crystallization of needle-like crystals with an emphasis on crystal breakage. She was responsible for running experiments using lab-scale crystallizers and control software to study the breakage mechanism of high aspect ratio crystals by applying a factorial design with four factors each at two levels: volume, agitation, initial concentration, and impurity. Her experimental data made a useful contribution to the research.
The document discusses a company's forecasting challenges and opportunities for improvement. Several product lines have forecasting errors above the 20% goal. Asset utilization also varies between departments and machines, suggesting opportunities to better allocate resources. The consulting company helped the client improve planning processes, implement a 3-month rolling average to smooth forecasts, and optimize asset utilization, resulting in reduced errors and better resource allocation.
You want to improve your factory’s productivity: what’s next?Colt UK
The direct links between a comfortable work environment and productivity have been clearly shown by many studies. How do you know if you have a problem and what can you do?
This document summarizes a study on predictors of job performance among call center agents. It outlines the original proposal which involved administering surveys to 32 call center agents. However, the researchers encountered difficulties obtaining approval from companies. As a result, they revised their sampling method, scale, and data collection procedure. They now plan to conduct an online survey, meet agents face-to-face, or distribute survey kits. The revised timeline outlines administering a pre-test in early August and conducting the actual study from mid-August to late August with results submission at the end of August.
Fatina Chambers is a senior laboratory technologist seeking a position in a Fortune 500 company. She has over 10 years of experience working in clinical laboratories, including as a senior technologist at LabCorp of America. She is skilled in laboratory procedures, instrumentation, and ensuring compliance with regulations like OSHA. Currently, she is pursuing a Master's degree in Health Service Administration while performing various agricultural testing and research at Valley Proteins.
Bruna Claro Pajaki completed an internship from May 18, 2015 to August 10, 2015 totaling 480 hours with the Crystallization and Particle Technology Systems Engineering group in the School of Chemical Engineering at Purdue University. She participated in a research project studying seeded cooling batch crystallization of needle-like crystals with an emphasis on crystal breakage. She was responsible for running experiments using lab-scale crystallizers and control software to study the breakage mechanism of high aspect ratio crystals by applying a factorial design with four factors each at two levels: volume, agitation, initial concentration, and impurity. Her experimental data made a useful contribution to the research.
The document discusses a company's forecasting challenges and opportunities for improvement. Several product lines have forecasting errors above the 20% goal. Asset utilization also varies between departments and machines, suggesting opportunities to better allocate resources. The consulting company helped the client improve planning processes, implement a 3-month rolling average to smooth forecasts, and optimize asset utilization, resulting in reduced errors and better resource allocation.
You want to improve your factory’s productivity: what’s next?Colt UK
The direct links between a comfortable work environment and productivity have been clearly shown by many studies. How do you know if you have a problem and what can you do?
This document summarizes a study on predictors of job performance among call center agents. It outlines the original proposal which involved administering surveys to 32 call center agents. However, the researchers encountered difficulties obtaining approval from companies. As a result, they revised their sampling method, scale, and data collection procedure. They now plan to conduct an online survey, meet agents face-to-face, or distribute survey kits. The revised timeline outlines administering a pre-test in early August and conducting the actual study from mid-August to late August with results submission at the end of August.
Fatina Chambers is a senior laboratory technologist seeking a position in a Fortune 500 company. She has over 10 years of experience working in clinical laboratories, including as a senior technologist at LabCorp of America. She is skilled in laboratory procedures, instrumentation, and ensuring compliance with regulations like OSHA. Currently, she is pursuing a Master's degree in Health Service Administration while performing various agricultural testing and research at Valley Proteins.
The document discusses standard costing and variance analysis through two case studies:
Case A examines the effect of assumed standard labor levels at Harden Company. Management adopted a dual standard system using different standards for motivation and cost reporting.
Case B analyzes a $2,000 under-applied factory overhead variance at Strayer Company. The variance was likely due to unfavorable spending and idle capacity variances as production was below budgeted levels.
Chapter 9 Standard Costing A Managerial Control ToolYesica Adicondro
1. The document discusses standard costing and variances. It provides sample calculations for setting standards and analyzing variances.
2. Standard costs are set for direct materials, direct labor, and overhead. Variances are calculated between actual and standard amounts to identify areas for improvement.
3. Managers are responsible for investigating significant variances that they can control, such as labor efficiency or spending variances, to determine the cause and take corrective action if needed.
Standard Costs Variance Analysis and its impact on Managerial AccountingGhous2
This document covers standard costs and variance analysis in managerial accounting. It defines standard costs and how they are developed, and explains how to calculate variances for direct materials, direct labor, and manufacturing overhead. Variances indicate differences between actual and standard costs, and are investigated to identify potential problems. Favorable variances are not always good, and process improvements can lead to unfavorable variances. The document provides examples of calculating variances and their financial impact.
This document contains discussion questions and exercises related to Activity-Based Costing (ABC). Some key points:
- ABC traces costs to activities and then traces activities to cost objects, allowing for a more thorough cost traceability compared to traditional costing.
- Activities link products to costs, as activities consume resources and cause costs to be incurred. Traditional costing assumes output directly causes costs.
- For ABC to provide more accurate costs than traditional costing, a company must have a complex cost structure and diverse product line.
This document discusses activity-based costing and its advantages over traditional costing methods. It covers key concepts such as tracing overhead costs to activities and products using cost drivers, calculating activity and product unit costs, and addressing issues like product cost distortions that can occur when products consume overhead activities in different proportions. The document provides examples of calculating predetermined overhead rates and variances, and assigning costs using multiple cost drivers and activity rates. It explains how activity-based costing can provide more accurate product costing than traditional methods.
Standard costs are predetermined costs used for planning and controlling operations. They aid in establishing budgets, controlling costs, simplifying costing procedures, assigning inventory costs, and setting sales prices and contract bids. Standards represent costs that should be attained in a well-managed plant at normal capacity, making them suitable for setting sales prices. Standards are an integral part of job order and process costing systems but do not replace those systems. Activities selected for standards should be repetitive with measurable, uniform inputs and outputs. Normal or currently attainable standards are preferable to theoretical standards for motivation and budgeting as theoretical standards are not realistically attainable.
This document provides information about the ACCT 505 course from DeVry University, including an outline of topics covered each week, discussion questions, assignments such as case studies and quizzes, and purchasing links for course materials. Key topics covered include cost terms, job order and process costing systems, variable costing, budgeting, standards and variances, segment reporting, and capital budgeting. The document also provides a sample case study on a company called Top Switch Inc. that involves reconstructing cost and inventory records after property was destroyed by flooding.
This document describes how Maxtar Industries, a manufacturer of smoker/barbecue units, implemented activity-based absorption costing to more accurately assign overhead costs to its two product lines. Under the traditional approach using direct labor hours, unit costs were $71.60 for premium units and $53.70 for standard units. The new activity-based approach identified three overhead cost pools - supporting direct labor, setting up machines, and parts administration - and assigned costs based on different activity drivers. This resulted in unit costs of $78.56 for premium units and $51.96 for standard units, a more precise assignment of overhead.
The document presents information on traditional costing vs activity-based costing. It discusses how traditional costing allocates overhead using a single predetermined rate based on direct labor or machine hours. Activity-based costing allocates overhead to multiple cost pools and uses cost drivers to trace costs to products. The key differences between the two methods are discussed, such as traditional costing being more suitable for labor-intensive operations while ABC is more accurate for capital-intensive operations. Examples are provided to demonstrate calculating product costs using both traditional and activity-based costing methods.
For more classes visit
www.snaptutorial.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There
B6021 Effective Communication / snaptutorial.comStokesCope30
For more classes visit
www.snaptutorial.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date.
For more course tutorials visit
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B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date.
For more course tutorials visit
www.newtonhelp.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-
For more course tutorials visit
www.tutorialrank.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date.
ACC 207 Final Project Memorandum to ManagementMaria L. Schir.docxnettletondevon
ACC 207 Final Project
Memorandum to Management
Maria L. Schiro-Evans
May 29, 2016
DATE: May 29, 2016
TO: Managers for the Bird Feeder Division
FROM: Maria Schiro-Evans, Cost Accountant
RE: Quantitative Analysis Results and Recommendations
Initial analysis:
An analysis of the Bird Feeder Division has been requested due to unanticipated budget variances. Budgeted number of units is 50,000 with $21.00 sales price and variable cost per unit of $15.56. The contribution margin is $5.44. The actual number of units was 47,000 with variable cost per unit of $17.47 and contribution margin of $3.63. The actual number of units was less but the contribution margin was lower than the budgeted one. The breakeven point is 33,272 units and that goal was achieved but 52,479 units was needed to make the profit goal of $10,000. Even though the breakeven point was surpassed, less units were made but cost more than budgeted for 50,000 units.
In creating and analyzing a Flexible Budget, it is clear that the original Static Budget was too conservative in its estimation of costs. Two of the variable direct costs that have large, negative variances are Direct Materials – Cedar and Direct Manufacturing Labor. The fact that less than budgeted units were made yet actual costs were more, especially for Cedar materials and direct labor, points to possible mistakes being made by labor personnel with the materials so more materials had to be used. The prices for the cedar materials could also have increased from their historical price, which management may have used in calculating the cost for the static budget or circumstances may have changed at the actual time of purchase in terms of discounts or volume. The Price Variance for the cedar materials was negative by $22,560, which makes sense when you take in account that more material than budgeted for was used in making the bird feeders. The cedar materials also had a negative efficiency variance of $14,100 which means more material per unit was used than was budgeted for and that materials were not used efficiently by personnel per unit. All three Direct Costs have negative efficiency variances with labor being the largest at $56,400. These negative efficiency variances possibly point to inexperienced personnel working on the manufacturing of the bird feeders that used more material than expected because of waste or mistakes and also needing more time to complete each bird feeder due to mistakes or problems. The fact that less bird feeders were produced only reinforces the idea that materials and labor were not used effectively in production.
The Units Sold Category has a negative and unfavorable Sales Volume variance due to only 47,000 units sold when 50,000 was the budgeted amount. This affected Revenues and Gross Margin negatively. Revenue was favorable when compared to the flexible budget but with most actual costs being more than the flexible budget cost.
For more classes visit
www.snaptutorial.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-For more classes visit
www.snaptutorial.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-
Activity-Based Costing
Allocates overhead to multiple activity cost pools, and Assigns the activity cost pools to products or services by means of cost drivers.
Complex manufacturing processes may require multiple allocation bases; this approach is called Activity-Based Costing
Activity-based costing (ABC) is a method of assigning overhead and indirect costs—such as salaries and utilities—to products and services. The ABC system of cost accounting is based on activities, which are considered any event, unit of work, or task with a specific goal.
The document discusses standard costing and variance analysis through two case studies:
Case A examines the effect of assumed standard labor levels at Harden Company. Management adopted a dual standard system using different standards for motivation and cost reporting.
Case B analyzes a $2,000 under-applied factory overhead variance at Strayer Company. The variance was likely due to unfavorable spending and idle capacity variances as production was below budgeted levels.
Chapter 9 Standard Costing A Managerial Control ToolYesica Adicondro
1. The document discusses standard costing and variances. It provides sample calculations for setting standards and analyzing variances.
2. Standard costs are set for direct materials, direct labor, and overhead. Variances are calculated between actual and standard amounts to identify areas for improvement.
3. Managers are responsible for investigating significant variances that they can control, such as labor efficiency or spending variances, to determine the cause and take corrective action if needed.
Standard Costs Variance Analysis and its impact on Managerial AccountingGhous2
This document covers standard costs and variance analysis in managerial accounting. It defines standard costs and how they are developed, and explains how to calculate variances for direct materials, direct labor, and manufacturing overhead. Variances indicate differences between actual and standard costs, and are investigated to identify potential problems. Favorable variances are not always good, and process improvements can lead to unfavorable variances. The document provides examples of calculating variances and their financial impact.
This document contains discussion questions and exercises related to Activity-Based Costing (ABC). Some key points:
- ABC traces costs to activities and then traces activities to cost objects, allowing for a more thorough cost traceability compared to traditional costing.
- Activities link products to costs, as activities consume resources and cause costs to be incurred. Traditional costing assumes output directly causes costs.
- For ABC to provide more accurate costs than traditional costing, a company must have a complex cost structure and diverse product line.
This document discusses activity-based costing and its advantages over traditional costing methods. It covers key concepts such as tracing overhead costs to activities and products using cost drivers, calculating activity and product unit costs, and addressing issues like product cost distortions that can occur when products consume overhead activities in different proportions. The document provides examples of calculating predetermined overhead rates and variances, and assigning costs using multiple cost drivers and activity rates. It explains how activity-based costing can provide more accurate product costing than traditional methods.
Standard costs are predetermined costs used for planning and controlling operations. They aid in establishing budgets, controlling costs, simplifying costing procedures, assigning inventory costs, and setting sales prices and contract bids. Standards represent costs that should be attained in a well-managed plant at normal capacity, making them suitable for setting sales prices. Standards are an integral part of job order and process costing systems but do not replace those systems. Activities selected for standards should be repetitive with measurable, uniform inputs and outputs. Normal or currently attainable standards are preferable to theoretical standards for motivation and budgeting as theoretical standards are not realistically attainable.
This document provides information about the ACCT 505 course from DeVry University, including an outline of topics covered each week, discussion questions, assignments such as case studies and quizzes, and purchasing links for course materials. Key topics covered include cost terms, job order and process costing systems, variable costing, budgeting, standards and variances, segment reporting, and capital budgeting. The document also provides a sample case study on a company called Top Switch Inc. that involves reconstructing cost and inventory records after property was destroyed by flooding.
This document describes how Maxtar Industries, a manufacturer of smoker/barbecue units, implemented activity-based absorption costing to more accurately assign overhead costs to its two product lines. Under the traditional approach using direct labor hours, unit costs were $71.60 for premium units and $53.70 for standard units. The new activity-based approach identified three overhead cost pools - supporting direct labor, setting up machines, and parts administration - and assigned costs based on different activity drivers. This resulted in unit costs of $78.56 for premium units and $51.96 for standard units, a more precise assignment of overhead.
The document presents information on traditional costing vs activity-based costing. It discusses how traditional costing allocates overhead using a single predetermined rate based on direct labor or machine hours. Activity-based costing allocates overhead to multiple cost pools and uses cost drivers to trace costs to products. The key differences between the two methods are discussed, such as traditional costing being more suitable for labor-intensive operations while ABC is more accurate for capital-intensive operations. Examples are provided to demonstrate calculating product costs using both traditional and activity-based costing methods.
For more classes visit
www.snaptutorial.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There
B6021 Effective Communication / snaptutorial.comStokesCope30
For more classes visit
www.snaptutorial.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date.
For more course tutorials visit
www.tutorialrank.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date.
For more course tutorials visit
www.newtonhelp.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-
For more course tutorials visit
www.tutorialrank.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date.
ACC 207 Final Project Memorandum to ManagementMaria L. Schir.docxnettletondevon
ACC 207 Final Project
Memorandum to Management
Maria L. Schiro-Evans
May 29, 2016
DATE: May 29, 2016
TO: Managers for the Bird Feeder Division
FROM: Maria Schiro-Evans, Cost Accountant
RE: Quantitative Analysis Results and Recommendations
Initial analysis:
An analysis of the Bird Feeder Division has been requested due to unanticipated budget variances. Budgeted number of units is 50,000 with $21.00 sales price and variable cost per unit of $15.56. The contribution margin is $5.44. The actual number of units was 47,000 with variable cost per unit of $17.47 and contribution margin of $3.63. The actual number of units was less but the contribution margin was lower than the budgeted one. The breakeven point is 33,272 units and that goal was achieved but 52,479 units was needed to make the profit goal of $10,000. Even though the breakeven point was surpassed, less units were made but cost more than budgeted for 50,000 units.
In creating and analyzing a Flexible Budget, it is clear that the original Static Budget was too conservative in its estimation of costs. Two of the variable direct costs that have large, negative variances are Direct Materials – Cedar and Direct Manufacturing Labor. The fact that less than budgeted units were made yet actual costs were more, especially for Cedar materials and direct labor, points to possible mistakes being made by labor personnel with the materials so more materials had to be used. The prices for the cedar materials could also have increased from their historical price, which management may have used in calculating the cost for the static budget or circumstances may have changed at the actual time of purchase in terms of discounts or volume. The Price Variance for the cedar materials was negative by $22,560, which makes sense when you take in account that more material than budgeted for was used in making the bird feeders. The cedar materials also had a negative efficiency variance of $14,100 which means more material per unit was used than was budgeted for and that materials were not used efficiently by personnel per unit. All three Direct Costs have negative efficiency variances with labor being the largest at $56,400. These negative efficiency variances possibly point to inexperienced personnel working on the manufacturing of the bird feeders that used more material than expected because of waste or mistakes and also needing more time to complete each bird feeder due to mistakes or problems. The fact that less bird feeders were produced only reinforces the idea that materials and labor were not used effectively in production.
The Units Sold Category has a negative and unfavorable Sales Volume variance due to only 47,000 units sold when 50,000 was the budgeted amount. This affected Revenues and Gross Margin negatively. Revenue was favorable when compared to the flexible budget but with most actual costs being more than the flexible budget cost.
For more classes visit
www.snaptutorial.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-For more classes visit
www.snaptutorial.com
B6021 Module 1 Assignment 3 Calculating Inventory
Finlon Upholstery Inc. uses a job-
Activity-Based Costing
Allocates overhead to multiple activity cost pools, and Assigns the activity cost pools to products or services by means of cost drivers.
Complex manufacturing processes may require multiple allocation bases; this approach is called Activity-Based Costing
Activity-based costing (ABC) is a method of assigning overhead and indirect costs—such as salaries and utilities—to products and services. The ABC system of cost accounting is based on activities, which are considered any event, unit of work, or task with a specific goal.
Strayer mis 535 week 6 course project proposal papereyavagal
mis 535 week 6 dq 1 sourcegas goes for better workforce scheduling systems,mis 535 week 6 dq 2 project management,devry mis 535 mis 535 week 6 course project proposal paper certify for employees, mis 535 mis 535 week 6 course project proposal paper erp implementation, mis 535 mis 535 week 6 course project proposal paper improvement of expense system,devry mis 535 week 6,mis 535 week 6,devry mis 535 week 6 tutorial,devry mis 535 week 6 assignment,devry mis 535 week 6 help
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Ash ece 353 week 5 discussions 1 cognitive development and learning neweyavagal
1) The document discusses cognitive development and learning in early childhood education. It describes how school provides opportunities for children to develop cognitive skills through new concepts, exploration, and experimentation.
2) It also discusses a case study of a school psychologist evaluating a child, Michael, to determine appropriate educational placement. Intelligence testing is discussed as well as controversies in assessing intelligence.
3) The teacher is encouraged to discuss strategies used in a lesson to enhance cognition, how those strategies influence development, and how cognitive abilities could be reinforced after the lesson. Additional factors like environment, genetics, and biology that could affect a child's testing performance are also to be considered without diagnosing.
This document provides guidelines for the Week 5 Final Paper assignment in an MSU ECE 345 course. The final project requires students to create a Learning and Development Handbook for Infant and Toddler Teachers that discusses the program's educational philosophy, learning activities, and teaching strategies. It must address specific bullet points including the educational philosophy, theories of child development, stages of development, teaching strategies, activity plans, family engagement, and resources. The handbook aims to demonstrate an understanding of infant and toddler learning and development.
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Ese 633 week 4 assignment helping parents promote independenceeyavagal
This document provides instructions for an assignment to create an informational brochure or handout for a hypothetical transition meeting. The brochure is intended to educate other transition team members, such as explaining the role of parents in promoting their child's independence. It should include a definition of special education transition services, the role of the chosen team member, the steps in the transition process and how the member contributes, and questions commonly asked of the member. Sources must be cited and formatting should follow APA style. The overall goal is to justify collaborative roles and examine the transition planning process.
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How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Assessment and Planning in Educational technology.pptxKavitha Krishnan
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
Assessment and Planning in Educational technology.pptx
Stayer acc 560 week 8 quiz 6
1. STAYER ACC 560 Week 8 Quiz 6 (Chapter 11) NEW
Check this A+ tutorial guideline at
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560-week-8-quiz-6-recent
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Question 1
If actual direct materials costs are greater than standard direct
materials costs, it means that
Question 2
The standard direct materials quantity does not include
allowances for
Question 3
Marburg Co. expects direct materials cost of $6 per unit for
100,000 units (a total of $600,000 of direct materials costs).
Marburg’s standard direct materials cost and budgeted direct
materials cost is
Question 4
2. If the labor quantity variance is unfavorable and the cause is
inefficient use of direct labor, the responsibility rests with the
Question 5
A managerial accountant
1. does not participate in the standard setting process.
2. provides knowledge of cost behaviors in the standard setting
process.
3. provides input of historical costs to the standard setting
process.
Question 6
Using standard costs
Question 7
An unfavorable materials quantity variance would occur if
Question 8
Hofburg’s standard quantities for 1 unit of product include 2
pounds of materials and 1.5 labor hours. The standard rates
are $2 per pound and $7 per hour. The standard overhead rate
is $8 per direct labor hour. The total standard cost of Hofburg’s
product is
Question 9
Scorpion Production Company planned to use 1 yard of plastic
per unit budgeted at $81 a yard. However, the plastic actually
cost $80 per yard. The company actually made 3,900 units,
although it had planned to make only 3,300 units. Total yards
used for production were 3,960. How much is the total
materials variance?
Question 10
Unfavorable materials price and quantity variances are