COSTING 4-1 Cost pool––a grouping of individual indirect cost items. Cost tracing––the assigning of direct costs to the chosen cost object. Cost allocation––the assigning of indirect costs to the chosen cost object. Cost-allocation base––a factor that links in a systematic way an indirect cost or group of indirect costs to cost objects. 4-2 In a job-costing system‚ costs are assigned to a distinct unit‚ batch‚ or lot of a product or service. In a process-costing system‚ the cost of a product
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Equivalent annual cost From Wikipedia‚ the free encyclopedia In finance the equivalent annual cost (EAC) is the cost per year of owning and operating an asset over its entire lifespan. EAC is often used as a decision making tool in capital budgeting when comparing investment projects of unequal lifespans. For example if project A has an expected lifetime of 7 years‚ and project B has an expected lifetime of 11 years it would be improper to simply compare the net present values (NPVs) of the
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4 Q.No.4 5 Q.No.5 6 Q.No.6 7 Summary: 8 Introduction Cost Management delivers concise articles‚ experienced-based columns and case studies to evaluate how your present investment justification criteria and methods compare with those of other organizations‚ Learn about changing cost management methods and techniques and how they can be used to improve your company’s decision making in this assignment we going to workout calculate and try to find out different costs of company. In
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also one of the leading exporters of rice in the world market. India’s export of rice stood at 23.89 lakh MT in 1997-98. The corresponding value of foreign exchange earned was to the tune of Rs. 3371.00 crore in 1997-98. Indian Basmati Rice has been a favorite among international rice buyers. Following liberalization of international trade after World Trade Agreement‚ Indian rice will become highly competitive and has been identified as one of the major commodities for export. This provides us with
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SAMUEL CANDUNDO “Economic Analysis‚ a Practical Application of Opportunity Costs: The Angolan Case” Economic Analysis‚ a Practical Application of Opportunity Costs: The Angolan Case Table of Contents No index entries found. Introduction ................................................................................................................................... 2 Conceptual Discussion Involving the Opportunity Costs ............................................................. 3 Characterization
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Chapter 2 – The Cost Function * A cost object is a thing or activity for which we measure costs. Cost objects include such things as individual products‚ product lines‚ projects‚ customers‚ departments‚ and even the entire company. * Direct cost: a cost that can be directly traced to a cost object and is incurred for the benefit of a particular cost object * Indirect cost: a cost that is incurred for the benefit of more than one cost object and therefore cannot be easily and economically
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be one thing‚ an acceptance letter. B. Establish credibility Now although my initial reaction was one of joy and excitement‚ I also had to think of the dark side associated with this acceptance letter. Am I going to get a loan? A grant? Those interest rates‚ oh my gosh‚ am I going to get debt? C. Orient audience to topic Most of us are going to agree that a challenging issue related to entrance to a university is financing. D. Asserting thesis Today I will be talking about the rising cost of tuition
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fixed costs‚ semi-fixed costs‚ and variable costs. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Mixed costs or semi-variable
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have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash $6‚000 $5‚000 $4‚000 Short-term investments 3‚000 2‚500 2‚000 Accounts receivable 2‚000 2‚500 3‚000 Inventory 1‚000 2‚500 4‚000 Prepaid expenses 800 800 800 Accounts payable 200 200 200 Notes payable: short-term 3‚100 3‚100 3‚100 Accrued payables 300 300 300 Long-term liabilities 3‚800 3‚800 3‚800 a. Compute the current and quick ratios for each of the three
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Assignment: Analyze the Case and answer the following questions: Case Background ZUMWALD AG produced and sold a range of medical diagnostic imaging systems and biomedical test equipment and instrumentation. Below were some data about the company * Consisted of 6 operating divisions 3 of them were: * Imaging System Division (ISD) sold ultrasound and magnetic imaging system * Heidelberg Division (Heidelberg) sold high resolution monitors‚ graphics controllers and display subsystems
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