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Unformatted text preview: Kristin Chen OR& I E 350 Final Exam Review Sheet • Process Costing— F IFO EUOP EU to finish beg. WIP +united started & completed +EU in ending WIP EUOP COST/EU = cost added EUOP Cost of Goods Transferred Cost in beg. WIP +EU to finish beg. WIP x COST/EU +united started & completed CGT • Process Costing—Weighted Average EUOP = units transferred + EU in ending WIP COST/EU = cost in beg. WIP + cost added EUOP CGT = COST/EU x # of units transferred • Process Costing: do separately for Direct Materials, Conversion costs, & Transferred-In Costs • Cost reconciliation Cost in beg. WIP + cost added = CGT + cost in ending WIP • Learning Curve Use regression to extrapolate Power regression: Y = aX b Linear regression: Y = ax + b Is learning taking place or are costs constant? Does learning apply to all costs or just a fraction? Labor only? Total costs?...
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This note was uploaded on 04/05/2009 for the course ORIE 350 taught by Professor Callister during the Summer '08 term at Cornell.
- Summer '08