Elements of manufacturing cost
Response to the following problem:
In job order cost accounting, the three elements of manufacturing cost are charged directly to job orders. Why is it not necessary to charge manufacturing costs in process cost accounting to job orders?
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Determine the balances in the finished goods and work in process inventory for the Movie Design 2010 product on December 31, 2010.
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Luek Company completed 60,000 units during the year at a cost of $900,000. The beginning finished goods inventory was 10,000 units at $140,000.
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In job order cost accounting, the three elements of manufacturing cost are charged directly to job orders.
What are the three components and what is the relationship between them? How can they impact on the success or failure or a project?
More importantly, from a legal framework, what should organizations take the time and energy to conduct a job analysis to develop a classification system?
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Why do we have government programs to lessen some types of risk and what are the effects of these programs on individual behavior?
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