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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activities; c. Productive activities‚ such as finished goods transportation‚ storage‚ customer contact‚ order processing‚ etc. d. Sales activities to let customers understand and buying of goods‚ such as advertising‚ promotion‚ marketing agency costs‚ etc; e. Service activities‚ including training‚ repair‚ maintenance‚ components renewal etc‚ aiming at improving the added value of products. Auxiliary activities: a. Procurement activities‚ to refer to the purchase of used in enterprise value
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Biyani’s Think Tank Concept based notes Cost Accounting [ B.Com. Part-II] B.N. Gaur MBA‚ PGDBM‚ Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur Fore more detail:- http://www.gurukpo.com Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www
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Running head: The Death Penalty Is the death penalty just and applied fairly? Michael Wirth PHI103: Informal Logic Instructor Philip Bence 2 December‚ 2012 The Death Penalty Capital punishment has been used around the world for many thousands of years as a way of enforcing justice when someone has done wrong by what standards that the cultures have. Over the past few centuries capital punishment has started to be questioned by many people in Europe and in the United States. Many
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Excel 2003 Help and How-to / Excel for your job / Finance Improve your capital budgeting techniques Applies to: Microsoft Office Excel 2003‚ PowerPoint 2003 By BearingPoint Capital budgeting is a financial analysis tool that applies quantitative analysis to support strong management decisions. Using capital budgeting analysis‚ you can explain: l l l The benefit impact of an investment decision over time The cost impact of an investment decision over time The risk factors associated with an
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Applied Psychology CaMilo Hernández II Everglades University Author Note This paper was prepared for Introduction to Psychology‚ PSY1012‚ taught by Professor Nilda I. Rosario Abstract Before we can talk about Applied Psychology we first need to briefly explain Psychology. Psychology‚ the scientific study of human behavior and mental processes‚ attempts to uncover why and how we do what we do. Different theories of psychology govern how different psychologists
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Meeting 1 MRF’s File COST ACCOUNTING “An Introduction to Cost Terms and Purposes” Assistant Lecturer: M. Ryan Firmansyah Problem 1 (Quiz 1 September 8‚ 2009) Consider the following costs that were incurred during the current year. Evaluate whether the cost is: 1. A product cost or a period cost 2. Variable or fixed in terms of behavior 3. For the product cost‚ whether it is classified as direct material‚ direct labor‚ or manufacturing overhead No. 1 Descriptions Product Cost Period Variable Fixed
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1. Adler Enterprises is considering a project that has the following cash flow and WACC data. What is the project’s NPV? Note that a project’s projected NPV can be negative‚ in which case it will be rejected. WACC: 10.00% Year: 0 1 2 3 Cash flows: -$1‚000 $450 $460 $470 Answer: 142.37 2. Choi Computer Systems is considering a project that has the following cash flow data. What is the project’s IRR? Note that a project’s projected IRR can be less than the WACC (and even negative)
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additional satisfaction from consuming the Nth product by its price. D. multiply total satisfaction from consuming N products by N. 2. Suppose that the following table lists the utility that Steve receives from consuming oranges at 50 cents apiece. What is the marginal utility of increasing consumption from 2 to 3 oranges? [pic] A. 3 B. 6 C. 5 D. 12 3. Suppose that if you buy one Big Mac that gives you marginal utility of 500 and a second Big Mac that gives you marginal utility of 200
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We already know that following are the important cost concepts related to the production process of a firm: • Fixed Cost • Varibale Cost • Average Cost • Marginal Cost please refer to following page Introduction to Cost Concepts to understand various cost concepts in detail. Here we will briefly state again the meaning of above stated cost concepts for better understanding of the module on short run cost analysis. Fixed Cost is that cost which does not change (that is either goes up or
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