PROCESS COSTING DR. ALOK DIXIT INDIAN INSTITUTE OF MANAGEMENT LUCKNOW COSTING SYSTEMS USED TO DETERMINE PRODUCT COSTS Costing Systems Process Costing Job-order Costing Mass production of identical or similar products (at process-level). For example‚ Sugar‚ food‚ chemical industry. Many units of a single‚ homogeneous product flow evenly through continuous production process(s). One unit of product is indistinguishable (at process-level) from any other unit of product. Each unit
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John Hall’s Theory: Violence in Aum Shinrikyo Despite whether these actions have justification are no‚ new religious movements all across the globe have been at some point under scrutiny by those outside their realm of beliefs. Aum Shinrikyo is no exception. It was subject to violence when it suffered attempts to destruction and vengeance. In 1995‚ a Tokyo subway was the hit with a nerve gas attack. It was targeted towards devotees of Aum Shinrikyo‚ who were riding it. With many ways to examine
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CLICK TO DOWNLOAD MAT 540 Week 6 Homework Complete the following problems from Chapter 2: 1. Problems 2‚ 6‚ 7‚ 12‚ 16‚ 20 2. Chapter 2 2. A company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available hours‚ and assembly line 2 has 42 available hours. Each product requires 10 hours of processing time on line 1‚ while on line 2 product 1 requires 7 hours and product 2 requires 3 hours. The profit for product 1 is $6 per unit‚ and the profit
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THE IMPORTANCE OF STANDARD UNITS The system of measurements is very important in everyday life . In the past ‚ various systems of measurements were used. For example ‚ length was measured in units like foot ‚ yard ‚ chain and mile . Weight was measured in units like pound ‚ ounce ‚ kati ‚ tahil . Today ‚ many countries in the world use the same units of measurements . We say that they use standard units . The standard units used are the S.I. units . Under
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All children are unique and develop at their own rate but they tend to follow a similar pattern. There are a number of areas of development like‚ Physical‚ communication‚ Social‚ emotional‚ behavioural‚ Intellectual and moral development. Development is very rapid in the early years of a child’s life and tends to slow down the older they get. Moral development is usually adapted from the setting a child lives and would usually deem something wrong and right‚ based on what their parents believe is
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Student Exploration Energy Conversion in a System Vocabulary energy‚ gravitational potential energy‚ heat energy‚ kinetic energy‚ law of conservation of energy‚ specific heat capacity Prior Knowledge Questions (Do these BEFORE using the Gizmo.) A battery contains stored energy in the form of chemical energy. What are some examples of devices that are powered by batteries ___________________ _________________________________________________________________________ What different forms of energy
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. Household conversion with answers Fall 2014 1. 15 tsp = _____ Tbsp a. 1/5 b. 3 c. 5 d. 7.5 Answer: c 2. 6 Tbsp = _____ tsp a. 2 b. 24 c. 12 d. 18 Answer: d 3. 4 fluid oz = _____ Tbsp a. 8 b. 2 c. 12 d. 16 Answer: a 4. 2 cups = _____ fluid oz a. 12 b. 24 c. 32 d. 16 Answer: d 5. 6 tsp = _____ Tbsp a. 1 b. 1/2 c. 3 d. 2 Answer: d 6. 7 Tbsp = _____ tsp a. 21 b. 14 c. 2 1/3 d. 3 ½ Answer: a 7. 12 tsp = _____ Tbsp a. 6 b. 4 c. 3 d. 2 Answer: b 8. Calculate the fluid intake in
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Just One‚ Inc.‚ has two mutually exclusive investment projects‚ P and Q‚ shown below. Suppose the market interest rate is 10 percent. The ranking of projects differs‚ depending on the use of IRR or NPV measures. Which project should be selected? Why is the IRR ranking misleading? Using the IRR method will result in project Q being selected over P due to its higher rate of return. Using the NPV method would result in choosing project P because of its higher NPV. When there are mutually
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Conversion Therapy Conversion therapy in America is not a completely new topic‚ but it is still a controversial one. Ever since it took root in the nation‚ it has either been defended or opposed. This topic has become more relevant after the election of Donald Trump. His running mate Mike Pence openly supports conversion therapy. The defenders of this process want to eliminate homosexuality by attempting to force people to become straight‚ which almost always fails. People are also often forced
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8.4.4 Direct Conversion In this conversion method the old system is completely dropped and the new system is completely implemented at the same time. The old system is not available after implementing the new system. Before implementation‚ it must be ensure that the new system is completely functional and operational. This conversion is used when it is not possible to continue operating both the systems together. The data which is used in the new system should be imported from the old
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