STANDARD COSTING (VARIANCES) 1.1 Material costs variance = (Standard quantity x Standard Price) – (Actual quantity x Actual price) MCV = (SQ × SP) – (AQ × AP) 1.2 Material price variance = Actual quantity × (Standard price – Actual price) MPV = AQ × (SP – AP) 1.3 Material usage variance = Standard price (Standard quantity – Actual quantity) MUV = SP × (SQ –AQ) 1.4 Material cost variance = Material usage variance + Material price variance MCV = MUV + MPV 1. Material Variance Material usage
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to your role‚ your next career steps and your organisations needs. There are ten professional areas‚ which I have listed below:- 1. Organisational design 2. Organisational development 3. Resourcing and talent planning 4. Learning and development 5. Performance and reward 6. Employee engagement 7. Employee relations 8. Service delivery and information 9. Leading H.R. 10. Insights strategy and solutions Learning and development is one of the more technical professional areas. It ensures that people
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1. What is the status quo of the UK manufacturing? http://www.themanufacturer.com/uk-manufacturing-statistics/ SECTORS: Aerospace Industry: UK has 17% global market share (largest in Europe) This industry contributes about £11.4 billion to the UK’s GDP Turnover: £24.2 billion (2011) (Title: The Aerospace Industry‚ Author: John Bardens and Chris Rhodes‚ Last Updated: 20 November 2012) Automotive Industry: makes 1.58 million cars and commercial vehicles annually Turnover: £59 billion
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2. Establishing a Selling Price for the product Based on the market research of a new product and also the market condition‚ the selling price is established. The desired profit margin is subtracted from the target selling price to determine the target cost. If the target cost is below the company’s current cost‚ the company may decide to introduce the product and functional cost analysis may attempt to reduce cost to an acceptable level. If the target cost is above the current cost‚ functional
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Unit 23 – D1 In this section I am going to evaluate the effectiveness of Lay people within the English Legal System. Lay people are extremely useful individuals within the civil and criminal courts within the English legal system. The most influential lay people are the Lay Magistrates and the Jury who have important roles with the legal system. Magistrates usually deal with most cases that are heard within the criminal system. They are the decision makers as to guilt or innocence making 97-99%
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CHAPTER 24 FULL DISCLOSURE IN FINANCIAL REPORTING IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer F T T F F T F T F T F T F T F T F T T F No. Description 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Items affected by FASB standards. SEC reporting requirements. Definition of accounting policies. Related party transactions disclosure. Post-balance-sheet disclosures. FASB 131 requirements Allocation of joint or common costs. Disclosure
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Name: Natthaorn Natthakornsakul Name (in Thai):ณัฐฏ์ฐาอร ณัฎฐากรสกุล Student ID: 5587768620 The Development of Task-Based Activities for Culture-Related English Lessons to Enhance Students’ Communicative Skills การพัฒนากิจกรรมการเรียนรู้สำหรับการสอนบทเรียนวิชาภาษาอังกฤษ ที่มีเนื้อหาเกี่ยวข้องกับวัฒนธรรมโดยใช้วิธีการสอนแบบเน้นงานปฏิบัติเพื่อพัฒนาทักษะการใช้ภาษาอังกฤษเพื่อการสื่อสาร Background of the study
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Subject: Manufacturing Technology What is Manufacturing Technology? (2015‚ January 1). Retrieved January 18‚ 2015‚ from http://www.amtonline.org/aboutamt/WhatisManufacturingTechnology/ In this article‚ it lists out several manufacturing technologies that set out new and easier processes for not just the workload‚ but set for an easier lifestyle as well. (summary) The automated systems was best said on my end. Transfer machines‚ cell phones and other automated devices are used to set a communication
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Lean Manufacturing is a very popular and successful strategy‚ which many manufacturing companies have adopted over the past 60 years. Mone Consulting Firm has been referring this method for more than 20 years at a high success rate of 99%. If implemented effectively “going lean” for Classic Cable Company will have a positive impact throughout the entire enterprise‚ by introducing attainable goals. The goals of lean manufacturing will achieve: a balanced rapid flow‚ eliminate waste and disruptions
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Two general approaches are used for costing products for the purpose of valuing inventories and cost of goods sold. One approach is called absorption costing. Absorption costing is generally used for external financial reports. The other approach called variable costing is preferred by some companies for internal decision making and must be used when an income statement is prepared in the contribution format. Ordinarily absorption costing and variable costing produce different figures for net income
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