ACKNOWLEDGEMENT In this assignment‚ we would like to take an opportunity to send our appreciation to the college due to a proper syllabus and good environment have been provided. Next‚ we would like to thank our Costing and Pricing lecturer‚ Mr.Balan for his generous help. We believe that we cannot create an excellent assignment without his advice and help. At the same time‚ we would like to express our thanks to those who helped us to carry this assignment successfully. Thank you very much
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have evaluated the different proposals and come up with one project that we recommend. In doing this‚ we have calculated the change in profits compared with the draft budget and compiled the Break-even charts to justify our recommendation. Marginal Costing Profit Statement of the draft budget £(000) £ (000) Sales 1000 Less Cost of sales: Direct Materials 320 Direct wages 200 Variable factory overheads 100 (620) Contribution 380 Less Fixed Costs:
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optimal length of each cycle. Q2. (Total 30 points) A manufacturer of exercise equipment purchases the pully section of the equipment from a supplier who lists these prices: less than 1000‚ $5 each; 1‚000 to 3‚999‚ $4.95 each; 4‚000 to 5‚999‚ $4.9 each; and 6‚000 or more‚ $4.85 each. Ordering costs are $50 per order‚ annual carrying costs are 40 percent of purchase cost‚ and annual usage is 4‚900 pulleys. Determine an order quantity that will minimize the total cost (Ordering + Holding + Purchase)
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MARGINAL COSTING Introduction Even a school-going student knows that profit is a balancing figure of sales over costs‚ i.e. Sales - Cost = Profit. This knowledge is not sufficient for management for discharging the functions of planning and control‚ etc. The cost is further divided according to its behavior‚ i.e.‚ fixed cost and variable cost. The age-old equation can be written as: Sales - Cost = Profit or Sales - (Fixed cost + Variable Cost) = Profit. The relevance of segregating costs
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BACKFLUSH COSTING Definition of Backflush Costing : A streamlined cost accounting method that speeds up‚ simplifies‚ and reduces accounting effort in an environment that minimizes inventory balances‚ requires few allocations‚ uses standard costs‚ and has minimal variances from standard Product costing approach‚ used in a just - intime (jit) operating environment‚ in which costing is delayed until goods are finished. Standard costs are then flushed backward through the system to assign
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International Business Project Report on Manufacturing & Costing of “Kurkure” Submitted By – Abhishek Puri (12020241108) Ankit Papriwal (12020241111) Ashwarya Jain (12020241048) Mukul Garga (12020241148) Tanay Tejasvi (12020241070) Kurkure is the brand of PepsiCo under its Frito-Lay Indian division. The product is available in different exciting and tasty flavors. February 25‚ 2013 PROJECT REPORT ON MANUFACTURING & COSTING OF “KURKURE” “PepsiCo- The Market Leader PepsiCo is a global
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Marginal Costing Introduction The Cost of a product of comprises of materials‚ labour‚ and over heads. On the basis of variability they can be broadly classified as fixed and variable costs. Fixed costs are those costs which remain constant at all levels of production within a given period of time. In other words‚ a cost that does not change in total but become. Progressively smaller per unit when the volume of production increases is known as fixed cost. it is also called period cost eg. Rent
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Indigenization of English in South Asia/Pakistan Rescuing Culture? Outline • • • • Questions Linguistic Levels of Indigenization How is it happening? What will be the future? Can we drive English away? • A. R. Haque: – “It may not be possible to alter the position of the English language in the national set-up radically‚ or to reduce its role” (1993‚ p. 17). • A. Mahboob: – “No English‚ no future: Language policy in Pakistan” (2002) So what about cultural loss? • A. P. Saleemi: – If so‚ what
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Total Quality Management (TQM) is a term used to define quality programs corporations use to help increase the profit share and the customer relations of the corporation. Total Quality Management can consist of different programs that different companies use to obtain the results of customer satisfaction‚ better quality products‚ and a decrease in the defects of the products. Total Quality Management in the Xerox Corporation includes programs such as benchmarking‚ reduced supplier base‚ and leadership
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MARGINAL COSTING [pic] SUBMITTED TO: SUBMITTED BY: Dr. Shashi Srivastav ABHISHEK KUMAR RAI
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