Cost Accounting Practices - 1869 Words

SOAL LATIHAN CHAPTER 18 ASISTENSI COST ACCOUNTING UNIVERSITAS BAKRIE 1. 18-16 The following data, in physical units, describe a grinding process for January : WIP, beginning 19,000 Started during current period 150,000 To account for 169,000 Spoiled units 12,000 Good units completed and transferred out 132,000 WIP,ending 25,000 Accounted for 169,000 Inspection occurs at the 100% completion stage. Normal spoilage is 5 % of the good units passing inspection. 1. Compute the normal and abnormal spoilage in units. 2. Assume that the equivalent-unit cost of a spoiled unit is $10.Compute the amount of potential savings if all spoilage were eliminated, assuming that all other costs would be†¦show more content†¦Physical Units Work in process, December 31, 2009a 4400 Work in process, September 1, 2010b 5000 Started in September 2010 ? Good units completed amp; transferred out during September 2010 37000 Normal Spoilage 2000 Abnormal Spoilage 500 Work in process, September 30, 2010c 6500 a Degree of completion: direct material 100%; coversion cost 60% b Degree of completion: direct material 100%; coversion cost 50% c Degree of completion: direct material 100%; coversion cost 40% Hitunglah equivalent unit untuk direct material dan conversion costs. 9. 18-20 10. The Texas Tanning Company produces leather from animal hides. Relevant information for the Tanning Department is provided in Exhibit 5-12. The materials, (raw hides) are added at the beginning of the process where they are hung on racks and dipped in a tanning solution. The inspection point is at the end of the process when the hides are removed from the solution. Spoilage up to five percent of the good completed units (leather hides) is considered normal. Any spoilage above this level is considered abnormal. For convenience, all spoilage is assumed to come from the units started during the period and have a disposal value of $2 per unit. 11. 18-23 12. In the Atyra Furniture, 7 chair parts out of a job lot of 63 chair parts are spoiled. Costs assigned prior to the inspection point are $700 per part. Spoiled goods areShow MoreRelatedCost Accounting-Chapter 1 Essay911 Words   |  4 PagesCost Accounting - Chapter 1 1. Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of those two accounting systems differs. Financial accounting is more about the bigger picture—it evaluates the finances of the organization as a whole, using historical, quantitative, monetary, and factual data. It is more formal and requires the use of GAAP. The information financial accountingRead MoreInternational Financial Reporting System ( Ifrs ) Rules And Practices927 Words   |  4 Pages(IFRS) rules and practices, to the Czech Republic. The IFRS is a financial reporting system was established in an attempt to maintain stability throughout the financial community. Despite the conflicts with other countries’ accounting systems, the IFRS attempts to organize one financial standard system for businesses to report their financial statements. This article examines the relationship between domestic and global standards of accounting. The concept of developing a modern accounting standard inRead MoreActivity Based Costing : Service Industry1364 Words   |  6 Pageschallenges of hotels is the develpoe of c ost information for proper pricing. Activity Base Costing is a system that determines the cost of activities without distortion and provides management with relevant and timely information. ABC gives a company a new way to look at their operating cost and provide ways to get rid of the underlying activities. ABC is also used to support pricing, outsourcing, identification and measurement, allocate indirect cost by using different cost drivers. ABC is widely used toRead MoreThe Cost Management Information System Essay1229 Words   |  5 PagesDiscussion Questions 1) As stated in the book, the cost management information system is one of two major accounting information systems within an organization. This subsystem’s burden is to generate outputs for internal users using processes needed to satisfy management objectives. Instead of being obliged by an external source’s criteria, it is ruled by people within the company. It differs from management accounting in that management accounting is more focused on how financial and nonfinancialRead MoreFinancial Accounting And Managerial Accounting1613 Words   |  7 PagesIntroduction: Both financial accounting and managerial accounting provide important information about the business process. On the one hand, financial accounting provides only financial information to its internal users and external users. On the other hand, managerial accounting basically communicates about financial and non-financial information with internal users such as managers, employees and owners of the compa ny. In other words, managerial accounting provides information to managers who directRead MoreAccounting System And The Roman Empire1409 Words   |  6 Pages Another Society with their own intricate accounting system was the Roman Empire. This comes as no surprise because of the scope and size of the Roman Empire; accounting was once again a necessity to a well-maintained society. There is evidence of comprehensive financial statements in the rule of Emperor Augustus circa 63 BC-14 AD. These statements included information on expenses on â€Å"statistics concerning the provinces and dependent kingdoms; direct and indirect taxation; as well as recurrent expendituresRead MoreGaap Ifrs And Ifrs For Extractive Activities1022 Words   |  5 PagesGAAP Under US GAAP, companies follow either the successful efforts method or the full cost method to account for all costs related to oil- and gas- producing activities. For other extractive industries, exploration and evaluation ( EE) are generally expensed as they are incurred unless an identifiable asset is created by the activity. Extractive activities under US GAAP provides detailed guidance on the accounting and reporting for oil- and gas-producing entities for expenditure incurred before, duringRead MoreAccounting (Managerial) 530 Portfolio Case Study978 Words   |  4 PagesAccounting (Managerial) 530 Portfolio Case Study Imagine you are applying to become a trainee in a management consulting company, Solutions Inc., which claims to deliver innovative solutions. They are looking for innovative employees who engage with their work. The selection process will be rigorous. You know you will be asked to submit reports based on questions regarding your knowledge of management accounting practice and strategic management accounting. To provide a context for the reportsRead MoreCost Allocation Method1623 Words   |  7 PagesCost allocation is a method to determine the cost of services provided to users of that service. It does not determine the price of the service, but rather determines what the service costs to provide. It is important to determine the cost allocation of the services, in order to determine a justifiable fee/charge/tax for those services. Included in cost allocation are direct, indirect, and incremental costs. Direct costs, or separable costs, are costs that are related to a single type of serviceRead MoreFianance for healthcare Essay912 Words   |  4 Pages Your paper should include: a. Explain why allocation methods are used. Inherently, in all businesses there is overhead costs or non-direct costs. If management wants to know the true cost of direct patient care, it is essential that the non-direct costs or overhead be allocated to direct care department in a precise and logical manner. In addition to knowing the true cost of direct service department, management needs to know the true expense of all non-direct functions involved with an individual

gender socialization - 992 Words

Gender: Forced Upon American Society Growing up, many Americans childhood consisted of playing tag outside, having cooties, and experimenting with as many toys as possible. Hundreds of thousands of toys flood kid stores such as Toys R Us, Baby Depot, and KB toys. With imagination, kids are able to become doctors, presidents, and princesses during the contents of one day. Television shows such as Barney or Blues Clues encourage having such imagination, thus inspiring kids to want to become one of the many options stores can transform them into. Walking into a regular toy store, people generally do not dissect the sexism that lays within the aisles, however, when walking in specifically to compare and contrast boys and girls toys†¦show more content†¦In an interview US Weekly, the actress claims She likes to dress like a boy. She wants to be a boy. So we had to cut her hair. She likes to wear boys everything. She thinks she s one of the brothers. This is a prime example of going against society, and allowing kids to grow up independent and intellectually choosing who they want to be regardless what of peers, religion, and society may conclude. Although I too was raised this way, I am now aware that being forced to be part of a certain group because of something that you where born with is simply immoral. I, like most of the people I am surrounded by, have fallen victim of being forced to be a gender, and if future generations can pin point this issue that has gone to far, our future kids will be able to express themselves in a manner in which they feel liberated, and no longer deemed to be accepted by society. Work Cited Knox, David, and Schacht, Caroline. Choices In Relationships: An Introduction To Marriage and the Family.Belmont: CA, Author, Unknown. Angelina Jolie: Shiloh Wants to be a Boy 28 JUNE 2010 page 1 Angelina Jolie s daughter Shiloh, often confused for a boy. Blue and green and dominant colors in the boys aisles. You and me, Referring to the baby doll and the child buying it. Pink is forced upon girls, and seeing a boy engaging in these aisles has beenShow MoreRelatedGender Socialization And Gender Roles998 Words   |  4 Pagesattention to the gender equality issues many societies face. Is this increased awareness helping towards a neutral gendered socialization process which will inevitably eliminate the inequality? Gender socialization is the process where an individual is impacted by agents of socialization through their life stages which consequently creates the gender roles we see in today’s society. The only way to start working towards a gender equal world is by making changes towards the gender socialization process. GenderRead MoreAgents Of Socialization : My Family, Culture, And Gender861 Words   |  4 PagesSome agents of socialization that have had the greatest effect on me would be my family, culture, and gender. 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As I stated earlier, gender socializationRead MoreGender Socialization1694 Words   |  7 PagesGender Socialization Sociology 100 Before a newborn child takes his or her first breath of life outside the mother s womb, he or she is distinguishable and characterized by gender. A baby is born and the doctor looks at the proud parents or parent and says three simple words: Its a boy, or Its a girl The baby is brought home and dressed in clothes that help friends, family and even strangers identify the sex of the child. Baby boys are dressed in blue and baby girls are dressed inRead MoreGender Socialization : Gender And Gender1040 Words   |  5 PagesWomen Studies 9 online Oct 8, 2015 Gender Socialization Gender, according to Lorber, is the product of a range of social forces that influence our gender construction through a system of reward and punishment. throughout my life, I have been taught to be a women by family and through society, all that at some point supported the goals I had for myself or created obstacles by challenging my own ideas of what meant to be a strong women. Gender socialization is the process by which individualsRead MoreGender Socialization Is The Aspect Of Socialization1492 Words   |  6 PagesGender socialization plays a part in pay gap within societies and America today. Gender socialization instills thoughts, behaviors, and attitudes into individuals throughout the lifespan. As a result, the outcomes of gender socialization, not only, prepares society for pay gap, but also prepares individuals to implement a gap in pay in relation to gender throughout societies. The discussion that ensues explains gender socialization and the impacts this has on, both, individuals and society in generalRead MoreGender : Sex And Gender Socialization992 Words   |  4 Pages Sex and Gender Socialization Before we learned this chapter, I didn t know that sex and gender are different to each other, all I know is that gender and sex have the same meaning which referred to male and female. 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Genetic (825 words) Essay Example For Students

Genetic (825 words) Essay GeneticEngineeringFor many years, man has been advancing his race through technology. Many thingsthrough those were questionable and questionable, but none are close to acertain technology today. And that would be genetic engineering. What exactly isgenetic engineering? To put it shortly, it is where scientists splice, alter,and manipulate genes of one thing to how the scientist want it, and even insertthat gene into a foreign host. This technological tool is too powerful for us tohandle. It is advancing faster than we can expect. Because of this fact, geneticengineering raises many moral and ethical issues while also showing signs ofmany dangers. This controversially technology could be looked at two ways, onereligiously and the other, scientifically and economically. First, lets talka religious point of view on genetic engineering. With the current knowledge wehave today in genetic engineering, life can easily be created and manipulated toones liking. How can one Play God by creati ng and altering life atones will and not at all feel guilty? Havent we learned that trying to beon a level as God is a punishable act? Such examples are ones such as thedestruction of Babylon. People at that time tried to build a tower high enoughto reach God, but it was destroyed, a punishment by God that warned us of whatwill happen if we tried to get powerful as him. People say that God gave us theknowledge to discover. If this is so, did God give us the knowledge to make theatom bomb so we could wipe out cities and vast lives in an instant? Did God giveus the knowledge to make deadly biological weapons to kill each other with? Anddid God give us the knowledge to be so advance in warfare today that the worldcould be destroyed in minutes? God did not give us the knowledge to do thesethings or for genetic engineering. Man ignorantly chooses his own way andchooses to venture out doing things that are wrong. So who are we to decide whatsex a baby should be, how it should look, and wh at skills it might have? Theseare just few of the many questions raised in a religious point of view. Next, isthe scientific and economical view. One goal of genetic engineering is to makeproducts more efficient. Things such as crops and other plants are one of thethings that have been experimented on and even released into the environment. This is especially dangerous because scientists are not fully sure of what couldgo wrong. A genetically altered crop or plant could become dominant and takeover all of the its like species and become a problem such as becoming majorpests. There have been many cases where non-indigenous plants introduced into adifferent environment served no use and became major pest problems. But evenmore dangerous altered plants are genetically altered humans. The functions ofall the genes are not known, only these of a very small percentage of the totalgenes in organisms such as humans. So why would a scientist take a risk, notknowing the full potential dangers it might cause, such as having an effect onother genes? Privacy is another major concern. What if a sing drop of apersons blood could reveal all the faults of that person? When will we wakeup in a world where everyone has permanent records of what defect will come upin their lifetime and what other things they are susceptible of getting. Wha t ifinsurance companies got hold of these records? Could people be refused of healthinsurance because of these facts? There are many examples where people have beenrefused of some health care because of genetic screening. Not only that, in arecent poll in Time magazine, a question was asked if a person whose geneticprofile shows potential problems pay higher health-insurance rates than someonewhose profile does not? Only 8 % answered yes while the majority 88% said no. .u44540ccaf21e62cdc67f8ebb1edb4b99 , .u44540ccaf21e62cdc67f8ebb1edb4b99 .postImageUrl , .u44540ccaf21e62cdc67f8ebb1edb4b99 .centered-text-area { min-height: 80px; position: relative; } .u44540ccaf21e62cdc67f8ebb1edb4b99 , .u44540ccaf21e62cdc67f8ebb1edb4b99:hover , .u44540ccaf21e62cdc67f8ebb1edb4b99:visited , .u44540ccaf21e62cdc67f8ebb1edb4b99:active { border:0!important; } .u44540ccaf21e62cdc67f8ebb1edb4b99 .clearfix:after { content: ""; display: table; clear: both; } .u44540ccaf21e62cdc67f8ebb1edb4b99 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u44540ccaf21e62cdc67f8ebb1edb4b99:active , .u44540ccaf21e62cdc67f8ebb1edb4b99:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u44540ccaf21e62cdc67f8ebb1edb4b99 .centered-text-area { width: 100%; position: relative ; } .u44540ccaf21e62cdc67f8ebb1edb4b99 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u44540ccaf21e62cdc67f8ebb1edb4b99 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u44540ccaf21e62cdc67f8ebb1edb4b99 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u44540ccaf21e62cdc67f8ebb1edb4b99:hover .ctaButton { background-color: #34495E!important; } .u44540ccaf21e62cdc67f8ebb1edb4b99 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u44540ccaf21e62cdc67f8ebb1edb4b99 .u44540ccaf21e62cdc67f8ebb1edb4b99-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u44540ccaf21e62cdc67f8ebb1edb4b99:after { content: ""; display: block; clear: both; } READ: Five Career EssayObviously even the majority of this nation does not want to be geneticallyprofiled. One recent controversy that has come up is cloning. With some DNA ofan organism, scientists are able to make and exact copy of that organism. Asheep and a monkey have already been successfully cloned, and with the currenttechnology, humans could also be cloned. This raises the most ethical and moralissues because many questions would be raised about the clone. What will be thepurpose of making exact human copies? We might even get to a point where humansare cloned for specific duties or even cloned for body parts needed by organrecipients. Would rights would that clone have ? Maybe the same as everyone ormaybe not. Again, this is something that we as humans should never experimentwith or even attempt. To conclude, genetic engineering is a tool that is toopowerful for any man to handle. It is too dangerous and crosses many moral andethical issues. Do we want to perfect ourselves to immortality? Such things arenot meant to be handled by mere mortals such as us. We should let nature takeits course as it has been for over many successful generations.