THAT WOMEN ARE PAID LESS THAN MEN SURVEY OF HUMAN RESOURCE MANAGEMENT Introduction More than 2‚000 years ago the Greek philosopher Plato wrote… “Nothing can be more absurd than the practice that prevails in our country of men and women not following the same pursuits with all their strengths and with one mind‚ for thus‚ the state instead of being whole is reduced to half.”(Plato‚ The Laws) There is a nationwide debate as to whether or not women are paid less than men as a result of gender
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Contract costing is a type of a specific order costing: Contractor costing is generally used for the works of constructional nature such as civil engineering works etc.‚ Each contract is considered as a separate unit of cost and a separate account is kept for each individual contract. The special features of contract costing are as detailed below: Materials: The materials purchased directly or issued from the stores or transferred from other contracts are recorded on the debit side of the
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First-in‚ first-out (FIFO) d. Last-in‚ first-out (LIFO) ____A___ 1. Is the most realistic ending inventory ____D___ 2. Results in cost of goods sold being closest to current product costs ____C___ 3. Results in highest income during periods of inflation ____C___ 4. Results in highest ending inventory during periods of inflation ____B___ 5. Smooths out costs during periods of inflation ____A___ 6. Is not practical for most businesses ____B___ 7. Puts more weight on the cost of the larger number of units
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IS STANDARD COSTING OBSOLETE? Department of Accountancy University of Kelaniya What is Standard costing? Standard costing is technique which establishes predetermined estimates of the costs of products and services and then compares these predetermined costs with actual costs as they are incurred. Management Accounting 2 What is Variance? The difference between a cost’s actual amount and its budgeted or planned amount Unfavorable cost variance Actual cost > Budgeted Amount Favorable cost
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has made children less creative than they were in the past Society has been changing considerably since the advent of advanced development of technology that never grows as strong as it does nowadays. Thanks to a huge amount of knowledge‚ people invent lots of modern technology that come in handy in life. However‚ technology makes life faster and easier rather better‚ which is the most indispensable factor in development. Consequently‚ technology makes children less creative than they used to be in
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Women expect less money than men when entering workforce‚ study suggests: A Response In the article “women expect less money than men when entering workforce‚study suggest.”The author Sarah Boesveld listed three segments which respectively gave a graphic description of the women salary expectations in different occupations and with different experiences. And she mainly argued why women choose lower salary than their male counterparts through various examples from a number of researchers’ study
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Wendy’s Chili 3/3/2015 Andrea Rodgers 1. Does the cost of chili vary with the seasons? If so‚ should the price vary accordingly? Explain. The cost of chili does vary by season. Because in some seasons it is more likely that Wendy’s restaurants will have to utilize beef patties that were not “waste” from unused hamburger patties‚ the cost of chili would be higher during these seasons. Of course‚ this assumes that the beef patties that are being used for chili that are “waste” from the hamburgers
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ACTIVITY-BASED COSTING MODEL I. Definition Activity based costing (ABC) is an accounting method that identifies the activities a firm performs creating the real cause of the overhead‚ and then assigns the indirect costs of those activity only to the products that are actually demanding the activities. An activity based costing (ABC) system recognizes the relationship between costs‚ activities and products‚ and through this relationship assigns indirect costs to products less arbitrarily than traditional
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Competitive advantage therefore can be achieved by establishing cost leadership. The ultimate challenge faced by any company would be to leverage between the escalating operational costs and falling revenues so as to maximise the profits. Determine the costing procedure of an airline industry and the various possible efforts it takes to reduce the costs. The airline industry employs a trend and horizontal analysis to evaluate its performance and productivity. This industry can be categorised into international
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1. What are the strengths and weaknesses of the target costing system? Strengths: ● Target cost system is ideal for assembly-oriented industries with great involvement in the diversification of product lines‚ usage of technologies of factory automation‚ development of systems for reducing cost during all the stages of product’s life cycle such as is the case of Nissan Motor 1 . ● Since Nissan cost system is continuously undergoing modification and improving processes to ensure high productivity
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