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Cost Accounting
Primary Task Response: Within the Discussion Board area, write 500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
• Discuss what absorption, variables, and throughput costing are.
• Determine when each would be used.
• Provide an explanation and example of all three.
Gross profit
Elbert Company accumulates the following summary data for the year ending December 31, 2014. Prepare a responsibility report for the Water Division.
Determine the molding department's direct cost variances and overhead variances. Why do you think they occurred and do you think Boston's standards are meaningful?
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Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance.
Calculate the December 31, 2011, debt ratio for the business - prepare a calculation to show how much net income was earned by the business during 2011.
research assignmentdo you believe that it is appropriate that we have a single global set of accounting standards as
Calculate cost per equivalent unit for each cost category, and assign total costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work inprocess.
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Purchase-related transactions - Journalize the entries to record the transactions of Niles Co. for March.
We are paying for excess capacity of other departments when other departments cut their usage levels.'' How might this manager's problem be solved?
What demand would you project for Sir Grapefellow for the current year and do you think Sir Grapefellow will sell enough to break even? Should he introduce his namesake cereal brand in North Jersey?
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