spoilage that should not occur under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of
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INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000
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io DEPARTMENT OF BUSINESS & ACOUNTANCY Leadership Development Portfolio P r o j e c t A s s i g n m e n t Author: 1. Lecturer : Section & Semester : Section ‚ Sem ‚ 2012/2013 Date of submission : 28/2/2013 Table of Contents MANUAL 3 PART II 4 PART III 9 REFERENCE ….14 Assessment Leadership development portfolio - 90% Comprising of three element Part 1 - Awareness through Leader Self insights (500 words)
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Introduction John Wooden was the University of California at Los Angeles (UCLA) men’s basketball coach from 1948 to 1975. During that period‚ he won ten NCAA men’s basketball championships‚ had four undefeated seasons‚ and once won 88 consecutive games. He also won seven consecutive NCAA championships from 1967 to 1973. To put this all into perspective‚ Adolph Rupp at the University of Kentucky won four championships‚ total‚ and he is second to Wooden. All of these accomplishments are records
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Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
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Following are the list of top 10 cement companies in India: ACC Limited Ambuja Cements Limited UltraTech Cement Limited – LETS REACH FOR THE SUN India Cement Limited Shree Cement Limited Rain Cement Limited Prism Cement Limited Madras Cement Limited Birla Cement Limited JK Cement Limited N. S. Sekhsaria Company Name : ACC Designation : Chairman | Title : Steely Determination MINI BIOGRAPHY Mr. Narottam S. Sekhsaria served as the Chief Executive and Managing Director of Ambuja
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Cost Scenario University of Phoenix ECO 561PR October 22‚ 2012 Professor Adelaida Torres Dilan Cost Scenario The San Juan Cell Phones Scenario Summary talk about this company that manufacture cell phones where Maria Perez‚ a business development specialist‚ secured an order of 100‚000 units with this major chain‚ which is an opportunity to the company to increase their production and their profit. Cell phones are very important to the community these days for business
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Toyota’s European Operating Exposure 1. Why do you think Toyota had waited so long to move much of its manufacturing for European sales to Europe? By 2001‚ Toyota’s operating losses in Europe had reached 9.9 billion Yen. Much of this loss was due to Toyota’s operating exposure which was a result of the sliding value of the euro with respect to the Japanese Yen. Between early 1999 and early 2001 (2 year ~ medium-run time horizon)‚ the euro had fallen by approximately 28% with respect to
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Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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The average variable cost (AVC) in the short run and long run is ‘U’ shaped. Average variable cost is the total variable cost per unit of output‚ found by dividing total variable cost by the quantity of output. Thus if a firm produces X2 units of a commodity at a total variable cost of TVx2 the AVC of producing these two units of output is given as Average variable cost decreases with additional production at relatively small quantities of output and then eventually increases with relatively
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