TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the system uses standard purchasing price (input cost) and standard inputs usage in place for variable costs‚ and standard spending price (input cost) and standard
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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Why does the protagonist not have a name? The protagonist does not have a name because the story isn’t about him personally. The purpose of the story is to illustrate foolishness‚ and to provide the lesson of reason. Why is the man’s realization that he cannot speak significant? This realization is significant because it allows the reader and himself focus on his thoughts and actions. Describe the man’s attitude towards his situation. The man’s attitude kind of changes from strangely
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release on medication bottle? This means that the medicine has several layers of coating that vary on each individual pellet inside the capsule. This way when you take the medicine the effect of the drug will be absorbed over a period of time instead of just one. By doing this the action of the drug is released into the bloodstream over an extended amount of time. • She used to have a cream but now has an ointment. What is the difference? The biggest difference is that creams are water based and ointments
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Strategic Cost Management ACCT90009 Seminar 1 Seminar 1 Subject Administration Introduction to SCM oduc o o SC Administration • Subject Coordinator Dr. David Huelsbeck Email: david.huelsbeck@unimelb.edu.au Room: 08.028‚ The Spot Phone: +61 3 9035 6256 Consultation Hours: Monday 4:15pm – 6:15pm • Seminars: Tuesday: 2.15 pm – 5.15 pm‚ FBE ‐ Theatre 211 (Theatre 2) Thursday: 6.15 pm – 9.15 pm‚ Alan Gilbert ‐ Theatre 2 Teaching Format and Resources • Seminar Format 3 hour seminar
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Vietnam government adopts policies to promote foreign investment and facilitate the foreign companies to join in the domestic market. => Gatorade can comfortably invest in Vietnam without fear of high taxes. * Weakness : Some PepsiCo products were quite familiar to the people of Vietnam. But The Thirst Quencher is a new product in Vietnam of Gatorade brand. This product has many competitors in Vietnam what customer like to use. And the biggest competitor of PepsiCo is Coca-Cola. => makes
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felt like water was ever an issue in my life‚ right up until I wrote the wrong essay for class last week. It all started when the teacher mentioned that he drank over 5‚000 water bottles per year or so. After that day I started paying attention to how much water I drink and how basically all the water I drink comes from water bottles that I keep buying through out the day. Hydration is a big deal‚ especially in the heat we have to bear living in San Antonio. I drink at least 5 water bottles per day
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Bottle Company Case Study Ron Hobson Statistics Professor Derrick Barbee December 14‚ 2014 Bottle Company Case Study Recently customers have complained that our soda bottles have not contained the 16 ounces of soda‚ which we advertise. To figure out the problem bottles were pulled randomly off of 30 machines. Our calculations concluded that there was a total of 446.1 ounces of soda measured from 30 bottles with an average (Mean) of 14.87 ounces of soda per bottle‚ with a mode of 14
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how many reusable bottles to order from Greaves Brewery’s German glass supplier. The decision this year is complicated by the possibility that a new bottle design could be introduced that would make all existing bottle inventories obsolete. In the past‚ however‚ Benson had delayed production by not ordering enough bottles to keep up with demand. The case provides an opportunity to employ a number of forecasting methods and the challenge of integrating the forecast with the bottle purchase-quantity
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