Chapter 2 Job Order Costing TRUE/FALSE 1. Cost accounting systems are used to supply cost data information on costs incurred by a manufacturing process or department. ANS: T 2. A manufacturer may employ a job order cost system for some of its products and a process cost system for others. ANS: T 3. A job order cost accounting system provides for a separate record of the cost of each particular quantity of product that
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EXPERIMENTAL ESTIMATES OF EDUCATION PRODUCTION FUNCTIONS* ALAN B. KRUEGER This paper analyzes data on 11‚600 students and their teachers who were randomly assigned to different size classes from kindergarten through third grade. Statistical methods are used to adjust for nonrandom attrition and transitions between classes. The main conclusions are (1) on average‚ performance on standardized tests increases by four percentile points the first year students attend small classes; (2) the test score
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amount of waste as a result of industrialisation and dense population. The current waste management practice in the city which involves dumping of waste at dump sites‚ and by road sides for pick up by refuse collectors‚ thus damaging the environment‚ and making it aesthetically unpleasant too. This study explores the waste management practices in the city of Aba in Abia State‚ with the aim of using the knowledge derived from this study to make recommendations for a sustainable waste management practice
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BILL OF MATERIALS AND COST ESTIMATES xiv DETAILED COST ESTIMATE FOR THE CONSTRUCTION OF TWO-STOREY RESIDENTIAL BUILDING WITH ROOF DECK Location: Naga City Owner: Ryan M. Bajaro A. SITEWORKS Item Description | Quantity | Unit | Unit Cost (Pesos) | Total Cost | 1. Clearing and Grubbing | 630 | m2 | 50 | 31‚500 | 2. Excavation | 140 | m3 | 500 | 70‚000 | 3. Gravel Bedding | 30 | m3 | 850 | 25‚500 | 4. Madrigal Soil (Fill) | 49 | m3 | 350 | 17‚150 | 5. Labor
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Electronic Waste and the Environment In today’s fast paced society‚ technology is moving faster than ever due to advancements that are being made in speed‚ portability‚ and user accessibility with new computers and other electronic devices being introduced to the market. However‚ all of this new technology creates a problem because of the discarding of older electronic equipment. According to the Environmental Protection Agency‚ the United States alone produces approximately 300 millions tons
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Government Waste References Linda M. Smith Oklahoma Wesleyan University May 3‚ 2010 References Barro‚ R. (2009‚ January 22). Government spending is no free lunch. The Wall Street Journal. Retrieved from http://online.wsj.com Conway‚ K. (1997). Labor supply‚ taxes‚ and government spending: A microeconometric analysis. Review of Economics and Statistics‚ 79(1)‚ 50-67. Retrieved from http://www.icpsr.umich
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CHAPTER 12 FINANCIAL CONTROL TRUE/FALSE 1. Financial control involves the use of financial measures to assess organizational and management performance. a. True b. False 2. Financial measures identify what is wrong with an organization‚ not simply provide a signal that something needs attention. a. True b. False 3. Financial measures can highlight falling sales and profits in an organization‚ but only nonfinancial measures can identify why this is occurring.
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subject of Strategic Management Accounting‚ defined it as‚ "a form of management accounting in which emphasis is placed on information which relates to factors external to the firm‚ as well as non-financial information and internally generated information." Ward (1992) defines it as‚ “strategic management is an integrated management approach that draws together all the individual elements involved in planning‚ implementing and controlling business strategy” For management accounting must help accomplish
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The basic accounting concepts have defined the conception of the preparation of financial statements and the process of preparation in the UK is well regulated. But financial accounting requires a fair amount of flexibility in some certain areas‚ so the need of judgements and estimations for accounts preparers is demand. Meanwhile it leaves a significant approach in accounting treatments. For example‚ when organizations decide which of several inventory valuation methods to utilize; managers make
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is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong and should
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