COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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1.0 Introduction 1.1 Objective of the study The business office administration study is intended to expose the learners or the entrepreneur who has invested his resources in a business venture and is expectant of profit; the costumer service officer who on daily basis function to create good image for the business by providing solution and answer to customer enquiries‚ to the basic concept and practice of business office administration. It is hoped that this paper would improve learners’ understanding
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Despite initial appearances‚ state-based and community-based justice systems have some similarities in common. For example‚ both systems‚ regardless of their methods‚ are in pursuit of greater justice (Forsyth‚ 2007). These systems attempt to right some wrongs by balancing the scales of justice and resolve disputes through either mechanisms of retribution or restitution. Also‚ at the same time‚ many individuals are skeptical about the use of these systems as a means of punishing the offender and
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Microsoft Office applications help keep track of various forms of information. Microsoft Word for example helps in typing and processing Word documents. PowerPoint helps in the delivery of business presentations. The Office suite of programs like Word‚ Excel‚ Powerpoint and probably Access‚ makes the compilation of all the information a relatively simple process compared to doing the work by hand. You can make edits to content and check for and correct errors without having to start over. When all
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Corporate Compliance Plan Amanda R. Sigmund LAW 531 Business Law Introduction By devising a corporate compliance plan‚ we are able to effectively find a way to handle specific issues that arise within the Riordan company. Fbb om w enterprise liability to real and intellectual
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Front Office Operations DHM 122 The Official Guide Boston Business School 520 North Bridge Road #03-01 Wisma Alsagoff Singapore 188742 www.bostonbiz.edu.sg All rights reserved; no part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ recording or otherwise without the prior written permission of the Publisher. This guide may not be lent‚ resold‚ hired out or otherwise disposed of by way
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vision is the key economic policies that should be in place to accelerate our drive towards prosperity and a competitive economy so we can stimulate our country’s economy. Therefore‚ we can improve our economy by support our country local product such some product got a brand “Buatan Malaysia”. Besides that‚ we must be prepared to be self-critical‚ to be willing to make corrections‚ must be strong and dynamic‚ robust and self-reliant‚ competent and honest to enhance our cultural and value. As a result
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OFFICE LAYOUTS OPEN PLAN OFFICE • The open plan office is a large open room which is no dividing or partitions. • Road Transport Department also found an open work area. • Employees gathered in a large area to facilitate the monitoring carried out. • This section will accommodate Executive Officer‚ Chief Clerk‚ Clerk and Office Assistant. Staff will be monitored by the Executive Officer and Chief Clerk. ADVANTAGE OF OPEN-PLAN OFFICE • Most appreciate the sense of community that
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Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating marginal product and average product from the data
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Introduction Office hysteroscopy is the golden standard for detection of intrauterine abnormalities. Office hysteroscopy is a simple‚ safe‚ effective procedure that can be performed in outpatient setting without the need for operating theatre facilities or general or regional anesthesia [1-3]. Although office hysteroscopy is well tolerated by the majority of patient‚ some patients may experience severe or intolerable pain[4-5]. Several studies revealed that parity‚ menopausal state‚ history
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