department 43 103 Supervision costs vary with direct labor costs in each department. 1. Calculate the budgeted cost of trophies and plaques based on a single plant-wide overhead rate‚ if total overhead is allocated based on total direct costs. 2. Calculate the budgeted cost of trophies and plaques based on department overhead rates‚ where forming department overhead costs are allocated based on direct labor costs of the forming department ‚ and assembly
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Bangladesh Open University CEMBA/CEMPA Program Semester 122 Course : Management and Organization Submit by : September 20‚ 2013 Instructions for Assignment Submission 1. Assignments must be submitted on A4 size paper in own hand writing. 2. Completed cover must be used on the top of each assignment (For specimen cover page‚ see page-3 of the Semester Calendar) 3. Assignments must be submitted to the coordinator of the study center you are attached with. 4. Spiral binding must be avoided
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work 780 direct labour-hours each month and produce 2600 robes. The standard costs associated with this level of production are as follows: | | Total | Per Unit of Product | Direct materials | $ | 53248 | $ 20.48 | Direct labour | $ | 8320 | 3.20 | Variable manufacturing overhead (based on direct labour-hours) | $ | 3120 | 1.20 | | | | | | | | $ 24.88 | | | | | | During April‚ the factory worked only 760 direct labour-hours
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president. The promotion came just as Chris finished her evening Masters of Business Administration degree in December 1999. As part of her graduate studies‚ she was introduced to the balanced scorecard (BSC)‚ a performance measurement system that directs decision-makers toward long-term value-creating activities. Chris thought the BSC could be used to improve the financial performance of TCCB. In late December 1999‚ she approached the chief executive officer (CEO) and requested permission to implement
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products are based on costumer’s specification‚ and therefore each product is unique. Process costing can not be used under our present set-up. Possible reasons for cost differences between actual and standard costs under Conley’s system: a. Materials Price and Usage Differences b. Labor Rate Differences c. Labor Efficiency Difference d. Production Volume Difference Standard Cost are usually develop from previous year’s experiences and some adjustments from each department’s managers
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DATE : November 9‚ 2012 ATTENTION : MS. AURORA O. ALGODON President/CEO MAHARLIKA TRIBE MONARCH FOUNDATION‚ INC. Carmen‚ Davao City RE : Interim Memorandum of Agreement of Proposed Budget for Radio‚ Newspaper and TV FROM : MR. JOSEPH T. LAGUA Founding Chairman People’s Network and Media Communications ------------------------------------------------- (PNMC) I. COMPANY: Our entity‚ People’s Network and Media Communications (PNMC) is a media organization that
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standard costs: The company reported the following results concerning this product in June. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Required: a. Compute the materials quantity variance. 15‚600 F b. Compute the materials price variance. 44‚100 * 0.1 = 4‚410 F c. Compute the labor efficiency variance. 16 * (510 – (5‚500 *0.1)) = 640 F d. Compute the labor rate variance. 7
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units while Product B was 3‚600 units. For material X‚ 39‚000 pounds were purchased at $14.40 and for material Y‚ 11‚000 pounds were purchased at $9.70. Variance analysis for actual cost versus standard cost should be prepared for the said month to be able to measure results of operations‚ which may be the basis in making a decision on whether to maintain the present performance if the result is satisfactory‚ or take the necessary corrective action if material differences are reported. OBJECTIVES
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Business Plan Materials Department Hospitality Operations Management Stenden University – International Hospitality Management Leeuwarden The Netherlands Submitted in Partial Fulfilment for the Requirements of the degree Programme Bachelor of Business Administration (BBA) in International Hospitality Management. April 2011‚ Module 3 Materials Department Odd weeks Nick Sweertman - 79125 Even weeks Susanne Dupuis -117579 Declaration of own work 1. This work
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Capital budgeting is a step by step process that businesses use to determine the merits of an investment project. The decision of whether to accept or deny an investment project as part of a company’s growth initiatives‚ involves determining the investment rate of return that such a project will generate. However‚ what rate of return is deemed acceptable or unacceptable is influenced by other factors that are specific to the company as well as the project. For example‚ a social or charitable project
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