Construction. Gary Porter Construction‚ Inc. performed their work based on specific plans as well as some work outside of the plans. The combined total from the planned project was $146‚740. The additional work completed at Fox’s request cost Gary Porter construction additional costs and Fox refused to pay for the additional work done outside the subcontract. Procedure: A suit was filed by Gary Porter in the Utah State Court against Fox with alleging breech of an implied-in-fact contract. The court granted
Premium Contract Contract law Trial court
Marginal Costing is ascertainment of the marginal cost which varies directly with the volume of production by differentiating between fixed costs and variable costs andfinally ascertaining its effect on profit. The basic assumptions made by marginal costing are following: - Total variable cost is directly proportion to the level of activity. However‚ variable cost per unit remains constant at all the levels of activities. - Per unit selling price remains constant at all levels of activities. -
Premium Marginal cost Costs Cost
IMPLEMENTATION OF SCIENTIFIC COSTING IN BULK DRUG AND R&D DEPARTMENT OF A PHARMA INDUSTRY Submitted By KAUSTUBH NIJASURE Under the guidance of Prof. P.M. Nayak A PROJECT SUBMITTED IN PART COMPLETITION OF MMS TO THE Vidyalankar Institute Of Technology Wadala (East)‚ Mumbai 400 031 JULY 14th‚ 2008 Executive summary: Centaur Pharmaceuticals Pvt. Ltd. has following divisions: 1. Bulk Drug 2. Formulations 3. Research and Development 4. Clinical Research
Premium Costs Cost Pharmacology
Nora Thomson Children and Young People with Additional Support Needs DF55 34 12.10.2012. Part A Dyspraxia Definition Problems caused by dyspraxia‚ also known as developmental co-ordination disorder. Dyspraxia specifically relates to the development of a child’s motor skills (their ability to make smooth‚ co-ordinated movements). Causes and incidence The exact causes of dyspraxia in children are unknown‚ it is thought to be caused by a disruption in the way messages from the brain are
Premium Dyslexia Special education Down syndrome
Introduction Activity Based Costing (ABC) is a methodology that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each. By using ABC to assign the overhead costs to each activity‚ the following steps should be followed: 1. Identify and define activities using interviews and surveys. Then build a list of activities. • Activity name-usually consists of an action verb and an object.
Premium Costs Cost Cost accounting
Costing Methods Paper Yolanda Jones ACC/561 James Sullivan November 3‚ 2014 Costing Methods Paper Variable and absorption costing methods are two different costing methods. Almost all successful companies in the world use both methods. Variable costing and absorption costing cannot be substituted for one another because both the systems have their own benefits and limitations (Accounting for management). This paper will complete and discuss exercise 19-17 in Wiley Plus: it will discuss the following
Premium Variable cost Income statement Price
Activity based costing (ABC) is a relative new way to allocate costs to specific processes and services. This system assures that the costs are accurately distributed to the products or services that generated them. ABC illustrates costs more accurately‚ giving management insight to the cost associated with certain business activities. ABC extends the decision-making skills of management by expanding on traditional costing (job order costing/process order costing) techniques. However‚ since ABC ’s
Premium Management accounting Activity-based costing Costs
to added financial gain. This paper will discuss strategies of the management staff for a company named Super Bakery Inc. and why it was necessary to install an accounting system known as ABC (activity based costing) for its business. This paper will also conclude on whether a job order cost system or process order cost system is needed for the Super Bakery Inc. Company. The strategies that the management team of Super Bakery Inc. used were their success in luring companies together‚ in-turn
Premium Costs Management Cost
Additional Support Needs and the Medical and Social Model of Disability The Additional Support for Learning Act was introduced in Scotland in November 2004. This Act introduced the concept of additional support needs and placed the responsibility for identifying‚ planning and making provisions for children with complex or multiple additional support needs onto educational authorities. This essay is going to discuss additional support needs and the ways in which they can impact on pupils learning
Premium Special education Educational psychology Pupil
standard cost system. Account for standard costs in a departmentalized factory. Distinguish between actual and applied factory overhead. Standard Costing •The purpose of standard cost accounting is to control costs and promote efficiency. •It is not another accounting method for accumulating manufacturing costs‚ but is used in conjunction with such methods as job order‚ process‚ or backflush costing. •Standard costing is based on predetermination of what it should cost to manufacture a product‚ and the
Premium Cost accounting Inventory Manufacturing