Indirect Cost Rate Questions and Answers What is an indirect cost? Indirect costs represent the expenses of doing business that are not readily identified with a particular grant‚ contract‚ project function‚ or activity‚ but are necessary for the general operation of the organization and the conduct of activities it performs. In theory‚ costs like heat‚ light‚ accounting‚ and personnel might be charged directly if little meters could record minutes in a cross-cutting manner. However‚ this is
Premium
PLANT GROWTH EXPERIMENT Numerous environmental variables influence plant growth. Three students each planted a seedling of the same genetic variety in the same type of container with equal amounts of soil from the same source. Their goal was to maximize their seedling’s growth by manipulating environmental conditions. Their data are shown below. Plant Seedling Mass (grams) Day 1 Day 30
Premium Theory Experiment
The Costs of Production Production and Costs Costs in the Short Run Fixed Costs Implicit Costs Explicit Costs Variable Costs Average Costs Marginal Costs The Symmetry Between Production and Costs Total Product and Total Cost Curves Geometry of Average and Marginal Costs Curves Average Physical Product and Average Variable Costs Marginal Physical Product and Marginal Cost Costs in the Long Run Isocost Lines Cost Minimization The Expansion Path and the Long Run Total Cost Curve Average Cost and
Premium Costs Economics of production Variable cost
successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
Premium Management Organization Strategic management
Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
Premium Cost Costs Cost accounting
LADIES ONLY FITNESS Contents EXECUTIVE SUMMARY……………………………………………………………...3 1.1 Mission………………………………………………………………………….3 1.2 Objectives………………………………………………………………………3 COMPANY SUMMARY.………………………………………………………………4 2.1 Company Ownership…………………………………………………………4 2.2 Start-up Summary…………………………………………………………….4 2.3 Company Locations and Facilities…………………………………………..6 SERVICES……………………………………………………………………………...6 4.0 Market Analysis Summary…………………………………………………..7 4.1 Market Segmentation………………………………………………………
Premium Generally Accepted Accounting Principles Asset Balance sheet
different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in
Premium Costs Variable cost
Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
Premium Economics Costs Perfect competition
4th Generation Data Centers: Containerized Data Centers ITM 576 – Fall 2011 October 26th‚ 2011 Prepared By: Mark Rauchwarter – A20256723 Abstract The 4th generation of data centers is emerging‚ bringing with them a radical redesign from their predecessors. Self-contained containers now allow for modularity and contain the necessary core components that allow this new design to function. This paper discusses the advancements in data center management and the changes in technology and business
Premium Data center Uninterruptible power supply Containerization
QLT 1: Task 5 A1. Ryan has started a new job in downtown Atlanta. He is looking at different options for parking his vehicle during the workweek. He has narrowed it down to two options‚ a parking garage offering a flat rate of $30 dollars a month and another garage slightly further away which charges 0.15¢ per hour. A2. Ryan just recently moved to Atlanta for this new job opportunity. Taking into consideration the financial impact the move has created such as purchasing a new place‚ new
Premium