Activity-based Costing (ABC) An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. There are four levels of a cost hierarchy: 1- Output unit-level costs: costs of activities performed on each individual unit of a product or service. 2- Batch-level costs: costs of activities related to a group of
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1 Introduction to Operations Management McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies‚ Inc. All rights reserved. Learning Objectives § § Define the term operations management Identify the three major functional areas of organizations and describe how they interrelate Compare and contrast service and manufacturing operations Describe the operations function and the nature of the operations manager’s job § § 1-2 Learning Objectives § Differentiate between
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Delhi (mfg. of Haldiram brand Namkeen& Sweets) • Kasana Food Industries‚ Nagpur (mfg. of Haldiram brand Namkeen& Sweets) • Shiv Deep Industry Ltd. (mfg. of Bikaji brand Namkeen& Sweets) • Pepsico India Holdings Pvt.
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Question No 7. Assuming the facts of question no 6. Except that the idle facilities to be used to produce 800 modified hydraulic hoist/month. Sale Price - $4950 each. Variable Mfg Cost - $3025/unit Variable Markt Cost - $550/unit Fixed Mfg O/H and Marketing cost remains unchanged What is the maximum price paid to the contractor?? Should the contract be accepted for a price of $ 2475/unit to the contractor?? Solution: Particulars. | 3000 Hoists | Contract for 1000 outsourced hoist
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ACTIVITY-BASED COSTING MODEL I. Definition Activity based costing (ABC) is an accounting method that identifies the activities a firm performs creating the real cause of the overhead‚ and then assigns the indirect costs of those activity only to the products that are actually demanding the activities. An activity based costing (ABC) system recognizes the relationship between costs‚ activities and products‚ and through this relationship assigns indirect costs to products less arbitrarily than
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Background Kanthal is a an Swedish company which is specializes in productions and sales of electrical resistance heating elements. The company produced 15000 items to about 10000 customers. Most of the sales revenue are come from outside of Sweden‚ about 95% in total revenue. There are three divisions in the company : 1. Kanthal Heating Technology‚ generate 25% global market share. 2. Kanthal Furnace Products‚ generate 40% global market share 3. Kanthal Bimetals‚ one of the few
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sector Overhead Costs: Wages & Salaries Depreciation Rent Other O/H Total O/H Cost $ $ Direct Mfg. Labor Support Wages & Salaries $ 192‚000 Depreciation 15‚000 Rent 36‚000 Other O/H 48‚000 Total O/H Cost $ 291‚000 Activity Rate $ 9.70 Traditional $ 9.70 Order 448200: Direct Mfg. Labor Order Process Design Support Other Direct Materials Direct Labor Direct labor rate/hour Activity Cost Pool Drct Mfg. Labor Order Process Design Support Other 480‚000 60‚000 120‚000 240‚000 900‚000 Order Processing
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684.57 in crores(sales)‚ 17.86267691% change over the previous year) Bannari A Spinning (Rs. 699.65 in crores(sales)‚ 25.00 % change over the previous year) SEL Mfg Company (Rs.3154.22 in crores (sales)‚ 54.73467846% change over the previous year) Bombay Rayon Fashions Ltd.(Rs.2907.36 in crores (sales)‚ -9.000278579% change over the previous year) (d ) Financials- Balance Sheet – As per the Balance
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Master of Business Administration- MBA Semester IV MI0038- ENTERPRISES RESOURCE PLANNING (Book ID: B1964) Question 1 Explain the relationship between business functions and business processes in the insurance sector Answer: A business function refers to an activity that an enterprise performs to realise its pre-determined goals and objectives. You can also define a business function as a series of rationally interrelated activities or tasks performed by an enterprise in order to obtain the
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