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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source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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The Operating System (OS) is the very most essential software on your computer. Without the OS your computer will not run. It manages all of the hardware and software and gives direct access to the storage‚ central processing unit (CPU)‚ and memory‚ so that the programs can work properly. The operating system determines what your computer can or cannot actually do because each OS have different features‚ options‚ applications‚ compatibilities and even the user interface may change. Three different
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Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to
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Thousands of people move from one country to another. The reasons can be many‚ war‚ hunger‚ more educational opportunities in the new country‚ job offers and the dream of a new life. Every country has their own culture and how they do things‚ what happens when completely different people meet? Language is a huge barrier when moving to a completely different country. When someone moves to a new country the first element that becomes difficult is making themselves understood and understanding others
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computer equipment that could produce complicated print special effects. Colorscope had also been able to build strong relationships with valuable customers through the years and had a good reputation for providing high quality work in its field. Another reason why Colorscope could compete with the large printers was the high fragmentation of the pre-press industry. This was due to the fact that most pre-press companies focused on just a few print products (e.g. catalogs‚ newspapers or coupons) and
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Classification of Cost Cost may be classified into different categories depending upon the purpose of classification. Some of the important categories in which the costs are classified are as follows: 1. Fixed‚ Variable and Semi-Variable Costs The cost which varies directly in proportion with every increase or decrease in the volume of output or production is known as variable cost. Some of its examples are as follows: • Wages of laborers • Cost of direct material • Power The cost which does
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constantly improve their standards. How is about hydraulic mining machine? Advantages of hydraulic mining machine: 1. High production capacity‚ 2. Easy maintenance‚ 3. Stable performance‚ 4. Low consumption. 5. Equiped with hydraulic system of safety oil cylinder and lock oil cylinder. Automatic vibratory feeder consists of spring bracket‚ feeder trough‚ vibrator‚ spring and motor etc. The vibrator is made up of the eccentric shaft gears assembly with two specific positions‚ so the
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Chapter 2—Cost Terminology and Cost Behaviors MULTIPLE CHOICE 1. The term "relevant range" as used in cost accounting means the range over which a. | costs may fluctuate. | b. | cost relationships are valid. | c. | production may vary. | d. | relevant costs are incurred. | ANS: B PTS: 1 DIF: Easy OBJ: 2-2 NAT: AACSB: Reflective Thinking LOC: AICPA Functional Competencies: Measurement‚ Reporting 2. Which of the following defines variable cost behavior
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Kimberly Hooper Intro to Criminology Prof Yamamoto Film Response paper 2- Slavery in Another Name 3/19/2013 Slavery in Another Name is a film that demonstrates to us that during the treatment of freed black citizens who were born in to slavery. During the 1860’s most of southern part of the United States of America was based on forced labor of black people even after they were freed of being slaves. They were convicted of crime for the smallest crime. Crime in the south started to develop and recognized
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