ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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LEADERSHIP AND MANAGEMENT An important difference Five Types of Power 1. Legitimate Power • 2. Reward Power • 3. Ability to punish for noncompliance Referent Power • 5. Ability to approve raises Coercive Power • 4. They are the boss Ability to gain the respect of employees Expert Power • • Genuine knowledge to gain credibility Employees share the job expertise to evaluate their leader Management Management Power Legitimate Reward Coercive Accomplish Daily Tasks
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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able to change the old habit to a new healthier one‚ it will serve you very well. Habits are remarkable because they don’t require thinking. You just "do it" for years until you find yourself changing the habit again. There are 5 easy steps for changing habits .The first step is You must become aware of your habits. What is this habit exactly? How is this bad habit or group of bad habits affecting you? How is this habit affecting others? For example‚ smoking often has negative effects on others as
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ORGANIZATION AND MANAGEMENT LEADERSHIP INTRODUCTION The difference between successful and unsuccessful organizations is the presence or absence of dynamic and effective leadership. The function of management is being viewed as not simply a set of practices and policies‚ but a crucial component in the total organization strategy. To play its role of enabling the organization gain and sustain competitive advantage‚ all managers have to play a leadership role especially in the present business
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service (Rothaermel‚ 2017). A cost- leadership strategy creates the same or similar value for customers by delivering products and services at a lower cost than its competitors (Rothaermel‚ 2017). A cost leadership example would be Wal-Mart. Wal-Mart strategy is to provide a higher quality of products and services to its customers at a lower cost. Wal-Mart supply chain management is to engage with its suppliers to match products at the best affordable and lowest cost to meet the needs of its customers
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Steps to success: Majority of people aspire to lead a successful career and life. But what is success and how can we fulfil such desires in life? Success is defined as an achievement of intention; the accomplishment of something planned or attempted. Your future and journeys in life could differ for the better if you take initiative and change your perspectives on aspects such as attitude or your view of things as that could help you achieve a successful journey. Undertaking this procedure to attain
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000
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