COSTING 4-1 Cost pool––a grouping of individual indirect cost items. Cost tracing––the assigning of direct costs to the chosen cost object. Cost allocation––the assigning of indirect costs to the chosen cost object. Cost-allocation base––a factor that links in a systematic way an indirect cost or group of indirect costs to cost objects. 4-2 In a job-costing system‚ costs are assigned to a distinct unit‚ batch‚ or lot of a product or service. In a process-costing system‚ the cost of a product
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Global Transportation Management Market 2014-2018 A Transportation Management System is used to plan freight movements. It helps the customer plan and execute transportation across the supply chain. It offers a number of important tools such as strategic planning and optimization‚ freight consolidation‚ and freight audit and payment‚ which helps maximize efficiency and reduce freight costs associated with product shipments. Three solutions‚ TMS planning and execution solutions‚ fleet management
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short run‚ A) the size of the plant is fixed. B) all inputs are variable. C) all inputs are fixed. D) some firms experience increasing returns to scale. Answer: A 2) Points below a firm’s total product curve are A) both attainable and technologically efficient. B) neither attainable nor technologically efficient. C) attainable but not technologically efficient. D) technologically efficient but not attainable. Answer: C Table 1 Labor | Total product
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Perfect Labor Markets When looking at the market for labor‚ it is useful to make a similar distinction to that made in the theory of the firm: the distinction between perfect and imperfect markets. Although in practice few labor markets are totally perfect‚ many do at least approximate to it. The assumptions of perfect labor markets are similar to those of perfect goods markets. The main one is that everyone is a wage taker. In other words‚ neither employers nor employees have any economic
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China and India. With these different stages of development‚ Singapore’s labor market had adapted itself by transforming from a labor abundant and capital limited city into a labor deficient and capital rich country (Chia 2005). Singapore is now a popular export-manufacturing base‚ regional headquarter for foreign multinational company and a financial centre (Chia 2005). The industrial structure has also progressed from a labor intensive export manufacturing to a capital and technology intensive manufacturing
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proportionate growth is a rule defined by Robert Gibrat (1904–1980) stating that the size of a firm and its growth rate are independent.[1] The law of proportionate growth gives rise to a distribution that is log-normal.[2] Gibrat’s law is also applied to cities size and growth rate‚ where proportionate growth process may give rise to a distribution of city sizes that is log-normal‚ as predicted by Gibrat’s law. While the city size distribution is often associated with Zipf’s law‚ this holds only in the upper
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ECN 3671 – The Economics of Labor Markets – Spring 2012 Term Paper Guidelines In this term paper you will explore an issue in labor economics‚ relying on published academic research and the economic models we have developed in class to inform your analysis‚ as well as other sources of your choosing. Topics There is a very broad range of potential topics for this paper. The most important criteria for a topic is that it be of interest to you: something that sparks your curiosity‚ something related
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to re-enter the labour market. The Nordic countries’ long term investment in education and workers’ training has allowed the Nordic societies to adapt quickly to rapid technological changes‚ and become world leaders in fields such as information and communications technology (ICT). The breadth of the of the social protection programmes in the Nordic countries is what sets them apart from the rest of the world. The Nordics believe in the principle of universalism. As a result‚ the social programmes
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Discrimination in the labor market Discrimination on the grounds that you belong to another sex is a problem that many have wondered about for a long time. All these questions about equal pay has interested the media but also in politics. Any issue of wage discrimination have created incredible questions and protests against this‚ but even if it has advanced in Sweden with wages and equality as women still earn lower wages. Today it is said that women earn on average about 17 percent less than
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Recruitment in a Changing Labor Market Mitchell Shipping Lines is a distributor of goods on the Great Lakes in the United States. Not only does it distribute goods‚ but it also manufacturers shipping containers used to store the goods while in transit. The name of the subsidiary that manufactures those containers is Mitchell-Cole Manufacturing‚ and the president and chief executive officer is Zoe Brausch. Brausch is in the midst of converting the manufacturing system from an assembly line to autonomous
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