Reference no: EM131092224
Question 1
Essential to the effective operation of any costing system in any business is the ability to define cost units and cost centers.
a) Explain the term "cost unit" and illustrate your answer by reference to any manufacturing company and any service industry.
b) Explain the term "cost centre" and describe how a company will use cost centers in a management accounting system.
Question 2
Tindo Ltd buys and sells product Q-3. It values stock on the basis of first in first out (FIFO). At 1st June 2001 stock in hand consisted of 4,500 units which were acquired at sh 50 per unit. The operations for the month were as follows:
Date Purchase Sales
4 5,000@ sh 48
5 6,000 @ sh 60
7 5,500 @ sh 49
11 4,000 @ sh 50
12 7,000 @ sh 61
13 5,000 @ sh 50
18 6,000 @ sh 47
19 8,000 @ sh 64
10 6,000 @ 49.50
21 5,000 @ sh 65
22 7,000 @ sh 50
25 6,000 @ sh 49
26 2,500 @ sh 47
27 stock on 26th June were damaged and returned 500 @ shs47
28 500 @ sh 60
29 14,000 @ sh 64
Required
Stores ledger card & Closing stock valuation
|
Certain type of automobile tire
: The life (in miles driven) of a certain type of automobile tire is a normal random variable L, with L = 34; 000 and L = 4; 000. (a) What is the probability that such a tire lasts over 40,000 miles?
|
|
What information must the sales team provide to the supply
: Develop a minimum 6-page paper that examines the topic addressing all questions with at least two references and bibliography.
|
|
Analyze internal and external areas of potential conflict
: Describe and analyze internal and external areas of potential conflict. Include organizational approaches and strategies for managing stress.
|
|
Sample data from low-income families
: Develop Hypothesis that can be used to test your research hypothesis. What is the p-value based on a sample data from low-income families? What is your hypothesis test decision based on p-value approach?
|
|
Essential to the effective operation of any costing system
: Question 1Essential to the effective operation of any costing system in any business is the ability to define cost units and cost centers. a) Explain the term "cost unit" and illustrate your answer by reference to any manufacturing company and any se..
|
|
Describing attributes of groups and high performance teams
: Write a 1,050- to 1,750-word paper describing the attributes of groups and high performance teams, and how these components contribute to a team's success, including how the team functions.
|
|
Charge of ordering t-shirts for children
: You are in charge of ordering t-shirts for children for an event. The shirts are available in small, medium, and large. Small shirts fit children up to 47 pounds. Medium shirts fit children 45-62 pounds.
|
|
Would the servant leader mindset help ensure innovation
: Which of Porter's five forces has the greatest effect on risk taking to achieve success? Why?
|
|
Channel of distribution will provide the best coverage
: Identify which channel of distribution will provide the best coverage of the target market for your product or service. For example, will you implement a direct, indirect, or dual distribution strategy?
|