PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
Premium Costs Variable cost Cost
successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
Premium Management Organization Strategic management
------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
Premium Cost Costs Cost accounting
If the remaining 99% of the animals raised in factory farms in the United States were instead raised in a free range system the increase in resource demands would be incredible. For example‚ cows in todays factory system are raised on a supplemented diet of corn and therefore require no pasture land. If instead‚ all of the 30.2 million cows killed annually were raised on a natural diet of grass it would take over 60 million acres of pasture to accommodate the animals. That is a area of land roughly
Premium Livestock Agriculture Factory farming
In “Down on the Factory Farm”‚ Peter Singer launches into the discussion about the living conditions of domestic animals on industrial farms. Singer’s has concerns about the methods factory farmers employ when raising chickens for profit and the suffering of the animals as a result. Singer’s reaction to industrial farms reflects in his writing‚ he uses statistics‚ imagery and writing from professional’s to enhance his opinion on the conditions and regulations of domestic animals on industrial farms
Premium Livestock Agriculture Meat
The working conditions that factory workers and plantation slaves undergo‚ no doubt‚ are harsh. They seem like very different occupations‚ but in some ways they are the same. They both have inhumane working conditions and long workdays. Is it possible that one is worse than the other? The answer is yes. The factory system was worse to work under. Working conditions in a factory was dangerous‚ especially if it was a cotton factory. For work to be done in a cotton factory‚ the workplace had to be
Premium Slavery Slavery in the United States Industrial Revolution
Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
Premium Costs Variable cost Depreciation
Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
Premium Costs Cost accounting Cost
Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
Premium Cost Costs Cost accounting
Charlie and the Chocolate Factory Charlie is a poor boy who lives with his parents and grandparents on both sides. There was a famous gigantic chocolate factory‚ ran by a man named Willy Wonka. The factory had closed its’ gate for more than fifteen years‚ no one had ever got in and the workers had never came out. But children loved their chocolates. Once‚ Wonka held an activity for children who like his chocolate around the world. Five golden tickets were hidden in five of the chocolate bars
Premium Charlie and the Chocolate Factory Willy Wonka & the Chocolate Factory