LABOR COST VARIANCE CAN BE SPLIT INTO • Direct labor rate variance (P) Calculation: actual total labor costs - (total actual labor hours worked x budgeted labor hour rate) Interpretation: calculates the portion of labor costs variance driven by the changed labor rate per hour Possible reasons for variances: changes in staff qualification and skills‚ general increase of wages in economy‚ premiums paid to finish a job quickly‚ poor budgeting • Direct labor quantity (efficiency) variance (P) Calculation:
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SMS based Remote Control System Abstract A modern world contains varieties of electronic equipment and systems like: TV‚ security system‚ Hi-fi equipment‚ central heating systems‚ fire alarm systems‚ security alarm systems‚ lighting systems‚ SET Top Box‚ AC (Air Conditioner) etc.‚ we need to handle‚ ON/OFF or monitor these electrical devices remotely or to communicate with these but‚ if you are not at the home or that place and you want to communicate with these device. So the new technology
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Justification for an Internal Control System Ginger Lankford Internal Control Systems ACC544 Robert J. Cornett‚ MBA October 4‚ 2010 Justification for an Internal Control System Businesses need an efficient and cost-effective internal control system even with insurance and a portfolio approach control in place. Insurance is necessary and the portfolio approach is very effective but is more reactive than preventive. Internal control sets the foundation to ascertain reasonable assurance
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Concurrency Control in Database Systems Key Points The purpose of concurrency control is to ensure that one user’s work does not inappropriately influence another user’s work. In some cases‚ these measures ensure that a user gets the same result when processing with other users as that person would have received if processing alone. In other cases‚ it means that the user’s work is influenced by other users but in an anticipated way. When many transactions take place at the same time‚ they are
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An Investigation of Auditor Decision Processes in the Evaluation of Internal Controls and Audit Scope Decisions 1. Introduction Over the past decade numerous studies have focused on auditors’ judgments. With few exceptions these studies have found that when auditors are given the same task‚ they frequently make different decisions.’ This result has been obtained for relatively simple tasks (e.g.‚ Joyce [1976]) and relatively complex tasks (e.g.‚ Reckers and Taylor [1979] and Mock and
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the beginning. In this tragic tale‚ the parents of the two teenagers are usually assumed to be the most at fault for what occurred within those few days. Many people believe that the kids were innocent victims in the whole situation‚ and none of those events would have occurred if the parents wouldn’t have been so idiotic and made such hasty decisions. These people most often can agree that the leaders of the Montague and Capulet families are the only ones left to punish in this situation. After all
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have been transformed into smaller companies. Transmission and Generation systems are increasingly relying on advanced digital and computational elements for protection and control of their substation and transmission. The Substation Control and Monitoring System (SCMS) is a major part of advanced power system management. Better control and faster performance are achieved by performing local tasks in the substation. This system provides better protection of valuable substation equipment. The SCMS accommodate
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Parents Are To Blame For Juvenile Delinquency Once a woman discovers the fact that she is pregnant and makes the choice to become a mother‚ she and the father have an obligation to provide a future for that unborn baby. Married or not‚ the child becomes the parents’ responsibility legally‚ emotionally‚ morally‚ and physically. Parents are signing an unwritten contract to protect and provide for their child‚ until the child is of age‚ to do so his or herself. Parenting does not come with a handbook;
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pricing method is very important . The dispute may exist due to incentive bonus plan which relates to sales volume to AM Marketing division (plant’s actual profit as a basis of plant manager’s bonus adjustment‚ was adjusted by favorable/unfavorable gross margin variance caused by sales volume to AM Marketing division) b. AM Manufacturing relationship Manufacturing divisions have the capability and experience to develop their partnership with OEM‚ with each sales department as a revenue center working
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| |This report has been prepared to cover the assessment requirements of AAT Learning and Assessment Area ‘Internal Control and Accounting Systems.’ | |The objectives of this report are to: | |a)analyse accounting system and effectiveness of its internal control
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