“the cellular imbalance between supply of nutrients and energy and the body’s demand for them to ensure growth‚ maintenance‚ and specific functions.” Women and children less than five years are the most adversely affected groups‚ malnutrition is globally the most important risk factor for illness and death‚ contributing to more than half of deaths in children worldwide; child malnutrition was associated with 54% of deaths in children in developing countries. Malnutrition causes about a number 5
Premium Malnutrition Public health Nutrition
PAPER – 5 : ADVANCED MANAGEMENT ACCOUNTING QUESTIONS Marginal Costing Vs. Absorption Costing 1. During the current period‚ ABC Ltd sold 60‚000 units of product at Rs. 30 per unit. At the beginning for the period‚ there were 10‚000 units in inventory and ABC Ltd manufactured 50‚000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead
Premium Variable cost Costs Fixed cost
Activity Based Costing can be defined as an accounting methodology that assigns costs to activities based on their use of resources‚ rather than products or services. This enables resources and other associated costs to be more accurately attributed to the products and the services which they use. It doesn’t change or eliminate any costs; it provides detailed information about how costs are consumed. (Online manager-net.com). Traditional cost accounting looks at what is spent‚ while ABC methods
Premium Cost accounting Cost Costs
MODULE 9 Self-test case (100 Minutes) Scents for Less Ltd. Updated Sept 12‚ 2011 As a recently graduated CGA‚ you started your new position as controller for Scents for Less Ltd. (SFL) on August 1‚ 2011. It is now a week later and you are working on several specific tasks assigned to you by your employer. You are understandably eager to impress your new employer and are looking forward to your new responsibilities. SFL produces generic colognes in relatively small quantities and sells them
Premium Gross margin Accounts receivable Balance sheet
1970’s‚ but has become very popular within the last 5-10 years. A person may ask why people would want to stand in an Apple store waiting around for hours at a time. There are countless reasons that will be explained throughout this paper. People never have enough goods‚ and are always wanting more and more. It is human nature to want more than what we already have. Scarcity indicates that there is less of a good freely available from nature than people would like. Some of these people are waiting
Premium Apple Inc. Supply and demand Apple Store
Less IS More In “The Gospel of Consumption”‚ Jeffrey Kaplan touched on the Kellogg controversy regarding their temporary experiment with a six-hour workday. This hot debate brought up the question: Which is better? A larger income or a chance to rest? It is without hesitation that I say we should have stuck to the six-hour workday. Although our current eight hour routines allow us the opportunity to earn more money‚ Kellogg’s experiment proved that those with shorter hours were happier and healthier
Premium Employment Wage Minimum wage
ABC Costing Activity-based costing (ABC) is a special costing model that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each. This model assigns more indirect costs (overhead) into direct costs compared to conventional costing models. Aims of model With ABC‚ an organization can soundly estimate the cost elements of entire products and services. That may prepare decisions on
Premium Cost Costs Balanced scorecard
Absorption and marginal costing (Relevant to AAT Examination Paper 3: Management Accounting) Li Tak Ming‚ Andy Deputy Head‚ Department of Business Administration‚ Hong Kong Institute of Vocational Education (Kwai Chung) Introduction Absorption costing and marginal costing are alternative cost accumulation systems used to ascertain product or job costs for inventory valuation and cost of sales. Absorption costing Absorption costing includes both variable and fixed production costs in the
Premium Costs Cost Variable cost
comes to a company‚ there are many factors that must be taken into consideration. For instance: location‚ products/services‚ branding‚ advertising‚ marketing etc. But even with all that taken care of how will the managers‚ auditors and even employee’s know if they are being successful or not? This is where strategies of accounting come to play. A very successful method is Activity Based Costing. This method has continued to help companies by keeping track of their spending and figuring out ways to
Premium Balanced scorecard Cost accounting Cost
Many people would rather make money now rather than later. Laurence Shatkin wrote a blog post called “Education Pays‚ but Perhaps Less Than You Thought” in which he brings up why the U.S. Bureau of Labor Statistics fails to mention the whole story when comparing numbers to those with a higher education and those without one. In an article he
Premium Higher education University College