selecting strategies that yield a long-term competitive advantage. 2. Depreciation is an allocation of a sunk cost. This cost is a past cost and will never differ across alternatives. 3. The salary of the supervisor of an assembly line with excess capacity is an example of an irrelevant future cost for an accept-or-reject decision. 4. Past costs can be used to help predict future costs. 5. Yes. Suppose‚ for example‚ that sufficient materials are on hand for producing a part for two years.
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Cost Allocation Paper Cost Accounting Abstract This article’s focus is how cost accounting allocates costs of a manufacturing plant. All things are hypothetical. The conclusions of this report regarding costing of commercial services provided by Goodyear Tire should be recognized as a theory of the way Goodyear Tire conducts business activities‚ rather than suggestions of how Goodyear Tire should conduct business. Goodyear Tire is a publically traded company‚ which has many different
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Flowchart 1 is an overview of the Production Cycle. The Production Cycle is a recurring set of business activities and related data processing operations associated with the manufacture of products. In understanding the flowchart it is best to look at its relationships and interactions with the other cycles. Using a context diagram‚ the Production Cycle was shown as being linked to the Revenue Cycle by receiving customer orders and sales forecasts from the Revenue Cycle‚ and
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The historical cost accounting is an accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. It is usually used in combination with other measurement bases. For example‚ inventories are usually carried at the lower of cost and net realizable value‚ on the other hand marketable securities are usually carried at market value‚ and entities prefer to carry pension liabilities at their present value. The main advantage of using
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Classification of Cost Cost may be classified into different categories depending upon the purpose of classification. Some of the important categories in which the costs are classified are as follows: 1. Fixed‚ Variable and Semi-Variable Costs The cost which varies directly in proportion with every increase or decrease in the volume of output or production is known as variable cost. Some of its examples are as follows: • Wages of laborers • Cost of direct material • Power The cost which does
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The Toyota Production System A Case Study of Creativity and Innovation in Automotive Engineering R.Balakrishnan INTRODUCTION Automobile Manufacturing Forty years ago‚ Peter Drucker dubbed it "the industries of industries." Today‚ automobile manufacturing is still the world’s largest manufacturing activity. After First World War‚ Henry Ford and General Motors’ Alfred Sloan moved world manufacture from centuries of craft production(led by European firms(into the age of mass production. Largely
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assignment appropriately and suitably. We are really grateful to our teacher for giving us an opportunity to gather some practical experience. We are grateful to Banoful & Co. for allow us to industrial visit in their production house. We are also grateful to Mr. Ataur Rahman‚ the production manager of Banoful & Co. who gave us the information related to this assignment. Thanks to Rashed Bhai who helped us to arrange the industrial visit and also thanks to our group members for their co-operation & contribution
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location for a company by identifying company needs and objectives‚ and searching for locations with offerings that are compatible with these needs and objectives. Generally‚ this means the firm will attempt to maximize opportunity while minimizing costs and risks. A company ’s location strategy should conform with‚ and be part of‚ its overall corporate strategy. Hence‚ if a company strives to become a global leader in telecommunications equipment‚ for example‚ it must consider establishing plants
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Electrochemical production of hydrogen from water Presented by: Heba A. Alsabagh Hiba M. Maghayreh Hiba N. Abu Zaghleh Sahar M. Alissa University of Jordan Faculty of Engineering & Technology Department of Chemical Engineering Supervised by: 0078381 0076527 0076528 0072918 Dr. Hatem Alsyouri December‚ 2011 Chapters: Introduction Literature Survey Process Selection and Design Process Description Material and Energy Balances Design 2 Chapters: Feasibility Study
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Investment Office ANRS PROJECT PROFILE ON THE ESTABLISHMENT OF SOYBEAN PRODUCTION FARM Development Studies Associates (DSA) October 2008 Addis Ababa Table of Contents 1. Executive Summary...........................................................................................1 2. Product Description and Application ..............................................................1 3. Market Study‚ Plant Capacity and Production Program..............................2 3.1 Market Study .......
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