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 return‚ rate of return on assets
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Compare and Contrast: Schools Choosing a college could be hard like if your choosing the University of Nevada‚ Las Vegas or University of California‚ Los Angleos. They have many similarities but there has to be something different about them that helps you choose a decision but you cant find it. Is it the environment that surrounds each of the schools. Maybe the different academics‚ does it have what I want to succeed in one day. Or what if it has the sports I love to play and watch and are they
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When it comes to sports‚ every team is filled with different talents‚ and each person brings a different work ethic to the table. You don’t have to be an athlete to understand that there are four different types of players: the complete natural‚ the hard worker‚ the lazy‚ and the untalented. Any of these players can be trained to improve‚ but at the end of the day‚ it’s up to the player as to how much they’re willing to work for the sport. For starters‚ there is the complete natural athlete. This
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Speaking The Cost Of Living In the early nineteen seventies the cost living was affordable for the American families‚ As a child I remembered my mother sending me to Pete’s Confection Store‚ I would put to the items in my little red wagon and bring them home for my mother. The items that I’d shop for were eggs‚ a loaf of bread‚ milk‚ and a six pack of seven-up sodas. There is a major difference in the price of these items then compared to now‚ a carton of eggs use to cost $.25 cents per carton
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Classification of Price Elasticity of Demand 1. Price Elastic Demand (% ΔQd > % ΔP) ϵ > 1 If the value of price elasticity coefficient is greater than one in absolute value. This means that a small change in price results to a greater change in quantity demanded. Goods which are elastic tend to have some or all of the following characteristics: They are luxury goods They are expensive and a big % of income e.g. sports cars and holidays Goods with many substitutes and a very competitive market.
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historical cost accounting still widely and continuously to be used by most companies in their accounting. Conversely‚ reporting current cost in accounting are recommended rather than historical cost as it is the fair value reported in the current year would be beneficial to the firm and the shareholders of the company. 2.0 Historical Cost Accounting and Benefits of Current Cost 2.1 Introduction to Historical Cost‚ Disadvantages and Advantages of Historical Cost The historical cost accounting is
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CHAPTER 12 ::: SETTING PRODUCT STRATEGY SUMMARY ::: Product Characteristics and Classifications Product Levels: The Customer Value Hierarchy The marketer needs to address five product levels. Each level adds more customer value‚ and five constitute a Customer value hierarchy. Core benefit: It is the fundamental level. It is the benefit the customer is really buying. Basic product: The marketer has to turn the core benefit in to the basic product. Expected product: A set of attributes and conditions
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| | | |Assignment : Managing Cost and making financial interpretations for decision | |
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issues with classification and diagnosis In order to diagnose the symptoms of mental health disorders ‚ practitioners use classification systems like the DSM which classifies the symptoms of schizophrenia. The DSM has been criticised for issues including cultural problems and the overlap of disorders such as schizophrenia with depression. The DSM is used to diagnose patients with a disorder and indicates what treatment they will require. Other problems involved with the classification includes inter-rater
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Cost Accounting: A Managerial Emphasis‚ EXHIBIT 11-1 Accounting Information and the Decision Process FIVE-STEP SEQUENCE Step 1: Gathering Information AN ILLUSTRATION The current manufacturing line uses 20 employees‚ 15 operating machines‚ and 5 handling materials‚ for a total cost of $640‚000. The rearrangement of the manufacturing assembly line is expected to eliminate materials-handling costs‚ equivalent to $160‚000. The cost of the rearrangement will be $90‚000. Historical
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