Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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Lecture based on Materials (Book: The science of strong materials‚ Penguin Publishers.) The aeronautical journal (Library can order for you)‚ one article written in 1996‚ by Peal‚ I.J.Mocolm. Ceramic Science‚ pg 123-131. (Relevant to exam) There are two key reasons for using thermoplastic composites: * save time & handling costs in production * eliminate labour-intensive riveting & bonding * can produce large profile sections that are some 20 % lighter than metal &
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00 $20.00 $22.00 Materials/unit $4.00 $5.00 $6.00 $7.00 DLH/unit 0.24 0.18 0.12 0.08 Total DHL 2‚400 1‚440 720 320 4880 Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the
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objectives of a business. It can make many contributions to the success of that organization through its key role as one of the organizations’ boundary-spanning functions. Purchasing can gain important information about new technologies‚ potential new materials or services‚ new source of supply‚ and changes in market conditions through external contact with the supply market. To take advantage of market opportunities by communicating this competitive intelligence‚ purchasing can help reshape the business’s
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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Essay Title: Material and civilization According to dictionary‚ material is anything that serves as crude or raw matter to be used or developed and civilization is an advanced state of human society‚ in which a high level of culture‚ science‚ industry‚ and government has been reached. There are basically 4 periods of materials science development in history of the world: Prehistory‚ Antiquity‚ Middle Ages‚ and Modern materials science. This essay covers the history of materials science on how different
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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Smokers Get a Raw Deal Stanley S. Scott Stanley S. Scott (1933-1992) was vice president and director of corporate affairs of Philip Morris Companies Inc. This essay originally appeared on December 29‚ 1984‚ on the op-ed page of the New York Times. The Civil Rights Act‚ the Voting Rights Act‚ and a host of antidiscrimination laws notwithstanding‚ millions of Americans are still forced to sit in the back of planes‚ trains‚ and buses. Many more are subject to segregation in public places
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Characters Brett Rough‚ bold‚ strong‚ tall‚ angry‚ agressive‚ negative‚ bald‚ thinks world is against him Lives with mum but dad has given up on him‚ stole smokes and beer‚ ran away from Farm‚ been to court a lot "As if"‚ "Whatever"‚ "Who cares?"‚ "pigs" Gets into fights with Tyson‚ Josh‚ Smiling Joe and Caitlyn’s dad‚ is bullied by Tyson‚ becomes friends with Josh Others say he is sneaky‚ he’s got an attitude problem‚ he’s a pretty boy Brett is the main characters‚
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