following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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HSM 240 April 6‚ 2013 Benefit Types Checkpoint The United Way is an agency that helps families out in ways to improve their current living situations by various programs. It is the leadership and support organization for the network of nearly 1‚800 community-based United Ways in 40 countries and territories. We advance the common good by focusing on improving education‚ helping people achieve financial stability‚ and promoting healthy lives‚ and by mobilizing millions of people to give‚ advocate
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Purchasing behavior and buying | Valeo Table of contents 1. Introduction 2. Problemdefinition and researchquestion 3. Theory description 4. Recommendations and statements 4.1 Student 1 4.2 Student 2 4.3 Student 3 4.4 Student 4 5. Group recommendations 6. References 1. Introduction to the situation or problem 1.1 Introduction This assignment treats the topics of industrial purchasing and buying behavior‚ and we will present the company Valeo – automobile component supplier
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CheckPoint: A New House – Economy Consumers use marginal costs and benefits to determine if they should make or reject a certain decision. Marginal costs refer to the change in cost over the change in quantity while marginal benefits refer to the change in benefits over the change in quantity (“Marginal Costs & Benefits”‚ n.d.). The strength of the economy as a whole could affect the marginal benefits and the marginal costs associated with a decision to purchase a home. During times of economic
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novel‚ The House on Mango Street‚ Sandra Cisneros’s narrator‚ Esperanza‚ gradually learns there is no real correlation between a physical structure and a home; rather a home is made from things such as love‚ family‚ culture‚ tradition‚ and memories‚ not bricks and mortar. The opening vignette of Cisneros’s novel‚ introduces the reader to Esperanza’s intense feeling of displacement. Throughout the book‚ she feels as though she has no place to call her home. Although they have a house‚ she is embarrassed
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industries in a country or region on a wide scale. But the benefits of industrialization were the different inventions that helped us advance overtime. The child labor was the biggest cost out of everything that happened. I think that the advantages outweigh the disadvantages because of all the great inventions. The benefits of the Industrialization was the great inventions and decisions that were made. Like we got plumbing which is a great benefit because we can dispose of our waste way easier than to
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manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚ most of the costs incurred by a business were what modern
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requires a substantial financial outlay where the wrong decision may have long-term financial consequences on the buyer. Some people approach buying a home without much regard for the actual financial impact that homeownership may have. It is imperative that purchasing a home should not be an impulsive decision. People respond to incentives and the cost of something is what you give up; are the principles that plays a major role in my decision of purchasing a new home because anyone who
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A new house readiness By Jacob Voogd When making a decision to purchase a new house‚ one of the economic principles which one must consider will be that people face tradeoffs. If one decides to purchase a new house‚ he or she will need to give up things such as a holiday‚ new truck or what they eat which the same amount of money can purchase. In this case‚ one will need to weigh the priorities. For example‚ purchasing a new house may make travelling to school and local services more convenient
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