Activity Based Costing Accounting 2020 Professor Richard McDermot Traditional Costing Systems • Product Costs – Direct labor – Direct materials – Factory Overhead • Period Costs – Administrative expense – Sales expense Appear on the income statement when goods are sold‚ prior to that time they are stored on the balance sheet as inventory. Appear on the income statement in the period incurred. Traditional Costing Systems • Product Costs – Direct labor – Direct materials – Factory Overhead •
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To make a proper decision based on the three recommendations from the Piper Industries Corp. we must take a look at each one. Juniper is an improvement of the widget offered currently by the company‚ with Palomino a new line of widget products along with improvements using the existing technology‚ and Stargazer is completely new widgets that research and development has started. Our team has been tasked with analyzing these three projects and make recommendations for the best investment. The recommendation
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15 1. Dickison orders one thousand widgets at $5 per widget from International Widget to be delivered within sixty days. After the contract is consummated and signed‚ Dickison orally requests that International deliver the widgets within thirty days rather than sixty days. International agrees. Is the contractual modification binding? A- Both parties are merchants‚ the change of delivery date would affect the bottom line price of the widget‚ therefore considered big deal‚ a consent is
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SEMINAR IN MARKETING MANAGEMENT AIDA ANALYSES SAMSUNG GALAXI II ATTENTION Designed to Make Life Easier Intuitive‚ stylish and simple to use‚ the Samsung Galaxy S® III smartphone delivers a personalized‚ seamless mobile experience that helps your day run smoothly—whether it’s time for work‚ family or play. INTEREST Simple‚ Instant Sharing Keeps You Connected Connect through touch Send pictures in a flash Access content on multiple devices Made for Intelligent and Intuitive Interaction Smart enough
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300 Case Studies of Social Media Marketing – An e-guide by Roderick Low of Expeditus Media What is Social Media? Social media is best understood as a group of new kind of online media which share the following characteristics: Participation Social media encourages contributions and feedback from everyone who is interested. It blurs the line between media and audience. Openness Most social media services are open to feedback and participation. They encourage voting‚ comments and sharing infomation
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the Workplace‚ we played a game simulating capitalism. The goal of the game was to get into teams; each team had a certain amount of the same resource. These resources could be traded and bought from one another‚ with a goal of creating “Widgets”. These widgets are then bought from the consumer. The team‚ who ends up with the most amount of money‚ wins the game. The strategies that arose during the simulation were common to strategies that we discussed in class. These include‚ limiting resources
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malice of reckless indifference to the individual ’s rights (Dessler‚ 2005). Therefore‚ it is of utmost importance to Widgets‚ Inc. that all employees‚ managers‚ customers‚ and members become aware‚ informed‚ and knowledgeable of the policies and procedures pertaining to such harassment‚ as well as the consequences that will occur from a violation. The following document is Widgets‚ Inc. ’s sexual harassment policy statement. All employees are required to be familiar with its contents in their entirety
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Week 2 : Demand‚ Supply and Elasticity - Quiz Top of Form Time Remaining: 1. (TCO 2) A demand curve (Points : 1) shows the relationship between price and quantity supplied. indicates the quantity demanded at each price in a series of prices. graphs as an upsloping line. shows the relationship between income and spending. 2. (TCO 2) Which of the following will not cause the demand for product K to change? (Points : 1) A change in
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Assignment 3: Teamwork and Motivation Due Week 7 and worth 200 points Imagine that you are the owner of a small manufacturing company. Your company manufactures a commodity‚ widgets. Your widget is a clone of a nationally known widget. Your company’s widget‚ WooWoo‚ is less expensive and more readily available than the nationally known brand. Presently‚ the sales are high; however‚ there are many defects‚ which increase your costs and delays delivery. Your company has fifty (50) employees in
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Without trade‚ what is the consumer surplus? Producer surplus? Total surplus? 2. Given the domestic and world price for Widgets‚ does Country Y have a comparative advantage or not? Should it import or export widgets? How many? (If Country Y were to open up to world trade‚ how many Widgets would domestic consumers purchase? How many Widgets would domestic producers sell?) 3. If Country Y were to open up to world trade‚ what would be the consumer surplus? Producer surplus? Total
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