ACC was among the first Indian companies to adopt automation of information technology. We started computerizing our systems as early as 1968 - a commitment to progress through the harnessing of relevant available technologies‚ a practice that continues even today. We have traveled a long way from our early days when we were using simple keypunching machines. Significant improvements have been made in application systems and infrastructure since then - from Batch processing to on-line systems‚
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0 BACKGROUND OF THE COMPANY This report is basically consists of the details of the company that we managed to visit‚ AJ Food Industries. It’s focusing on the product costing which is how the company compute its unit costs in determining the proper amount of overhead cost. We proposed the company to use Activity-Based Costing which is multiple bases in considering the overhead cost. Its an advantage for the company that involved with complex manufacturing process. In this study‚ we take mayonnaise
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The news in the last year has said there has been an increase in the rate of childhood obesity. What has caused this increase in the rate and how can we work to reduce it in the future. My hypothesis for my question is that the cause of obesity rate and how it is caused is that you don’t see too many children who are overweight or obese but can be caused that there are some genetic and hormonal causes towards obesity and overweight children. But it can also be caused by kids just eating too much
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Total Compensation Methods Paper The purpose of this paper is to provide an analytical overview of compensation strategies within organizations. First‚ an analysis of the impact of various compensation methods and benefit programs on employees and organizations will be discussed followed by how salary and benefit administration strategies relate to organizational culture and performance. What are compensation and benefit strategies? Compensation and benefit strategies are ways that organizations
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Services Costing Solution Value Driver: Helps in identifying correct adoption of costing method which facilitates a transparent cost chargeback to Business Units (recipient of shared services) with granular insight of the cost constituents. Introduction: In today’s highly cost conscious environment‚ enterprise wide cost savings can be achieved by consolidating common work and infrastructure by using Shared Services units. But Business units often complain that Shared Services end up costing more
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Companies need to account for their daily activities‚ which can include the office supplies being used daily by its employees such as copy paper‚ toner‚ etc.‚ as well as supplies that do not deplete‚ however are being used daily‚ such as copiers‚ fax machines‚ etc. The most common items are categorized on a balance sheet which will represent the value of all assets that are expected to be converted into cash within one year in the normal course of business (TD Bank.com‚ 2014). A balance sheet is
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Week 1 Assignment Kelvin L. Hollma ACC 401/Federal Income Taxes Instructor: Jacob Burdick January 20‚ 2013 32. Single: Individual uses a filing statues of single if they are not married and if they qualify as either head of household or qualifying widow(er). It also qualifies divorce or separate maintenance decree was legally executed on or before December 31 of the tax year. Married Filing Jointly: A couple that is legally married on the last day of tax year can file one joint tax return that combines
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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
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Product costing systems in modern manufacturing organisations Product costing refers to the process of assigning shared direct and indirect costs to individual products‚ customers‚ branches or other cost items. (USAID‚ 2007) Product costing is also referred to as assigning costs to inventory and production based on the expenses that go into producing or buying inventory. It is an important process for manufacturers that helps improves management information on products and helps managers and the
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Activity Based Costing The major strength of activity based costing is the ability to estimate the cost of individual products and services precisely. By transferring overhead costs to individual units of products or services‚ ABC helps identify inefficient or non-profitable products or activities that help into the profitability of efficient processes or highly profitable products. 1. More accurate costing of products/services Product cost determination under activity-based costing is more accurate
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