Cost Variance Analysis Presented by : Edmund C. Cabrera MBA Student Universidad de Manila Definitions STANDARD COSTS – are predetermined or target unit costs of production which should be attained under efficient conditions. It is the amount and costs of direct material‚ direct labor‚ and factory overhead required to produce one unit of finished product. STANDARD COST SYSTEM – is an accounting system which uses standard costs rather than actual costs to account for units as they flow through
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Training can... Help ensure that employees have skills to work with new technology. Help employees understand how to work effectively in teams to contribute to product and service quality. Ensure that the company’s culture emphasizes innovation‚ creativity‚ and learning. Ensure employment security by providing new ways for employees to contribute when their : jobs change or interests change skills become obsolete Training is a planned effort by a company to facilitate the learning of employees
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provides a brief description of some of the major stages in the development of personnel/human resource management. With reference to an organisation with which you are familiar‚ note down current practices/initiatives which may fall into each of these categories. (Note: these may include influences from out with the organisation.) Explain why these are important and what effect they have on the management of human resources. |Development |Current practice/
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Objective 1 Identify and give examples of each of the three basic manufacturing cost categories. 1-1 Classifications of Manufacturing Costs Direct Materials Direct Labor Manufacturing Overhead The Product 1-2 1-2 Direct Materials Raw materials that become an integral part of the product and that can be conveniently traced directly to it. Example: A radio installed in an automobile 1-3 Direct Labor Those labor costs that can be easily traced to individual units of product. Example: Wages paid
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Question 1:- Compare and contrast wired and wireless LANs. What unique concerns must be addressed by the designer of a wireless networks. Answer 1:- Introduction: LAN is a local Area Network and a computer network covering a small physical area‚ like a home‚ office‚ restaurant or small group of buildings‚ such as a school‚ a college or an airport. Although a LAN can be used as an isolated network to connect computers in an organization for the sole purpose of sharing resources‚ most LANs today
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Your model should look like this: Now with the cost drivers in place‚ we are ready to calculate Auntie Wuni’s monthly costs. • Leave a row under the Spaghetti: Px/box row and create a subtitle ‘Total Cost of Ingredients’ in cell B28 • Hit Ctrl-B on cell B28 to render the title in bold • Starting from cell B29 and moving downwards‚ populate the cells in this section simply with the name of the ingredients‚ i.e. Oil; Tomatoes; Rice; Pepper; Fish; Cow-leg; Beans; Spaghetti. • Now move the
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Financial Analysis Project Table of Contents 1.Executive Summary……………………………….......………………………………3 2. Problem Statement...……………………………………………………………………4 3. Company Overview…………………………………..……………………………5 4. Trend Analysis 4.1 Trend Analysis of Balance Sheet…………………………….……………………7 4.2 Trend Analysis of Income Statement………………………………….……………9 4.3 Trend Analysis of Cash Flow…………………………………………………………10 5. Common-size Analysis 5.1 Common-size
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Research Paper Topic: Training Student’s Name: Adeola Ajepe Institutional Affiliation: University of Maryland University College Professor: Joette Mills Date: April 4‚ 2012 Training Introduction Training consists of organization’s learning activities‚ which are capable of improving individual performance through change in knowledge‚ skills or attitudes. In a broader sense‚ it includes experience intended to meet essential job requirements‚ update
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The Benefits and Costs of Corporate Social Responsibility – Critique The article focuses on why companies engage in corporate social responsibility and the costs and benefits that may result. The many reasons that motivate companies to include CSR in its operations range from wanting to be good global citizens‚ trying to look good in the eyes of different stakeholder groups‚ trying to retain employees‚ drawing consumers to buy a company’s products or services‚ environmental concerns‚ or trying
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Topic of study: A comprehensive study of Training & Development programs that has been carried out by Cadbury India Ltd.‚ Delhi. Rational behind the study: Training plays a vital role in effective functioning of any company. The efficiency and productivity of worker working in an organization not only depends upon the skills they possesses or working environment‚ they are working in‚ but also depends upon the policy of the company of providing training to the employees according to the demand of
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