MANAGEMENT ACCOUNTING: COSTING AND BUDGETING ------------------------------------------------- Amaya Gamage BM/C/43/32 SUBMITTED TO: Mr. Anuruddha Yapa 30.07.2012 Acknowledgement I would like to express my sincere gratitude to those who helped me to finish this project on Costing and Budgeting. I have taken a lot of effort in finishing this assignment successfully. I express my heartfelt gratitude especially to our lecturer of Management Accounting: Costing and Budgeting module
Premium Cost accounting Costs Management accounting
Unit 1: Diversity of Life 1 Introduction Living things are classified using a variety of characteristics including morphology‚ behavior‚ and molecular similarities. The classification system is based on evolutionary relationships so with each addition of new information the classification of specific organisms may change. This is particularly true of the bacteria‚ protist‚ and fungi kingdoms. Understanding these groups is essential due to their diversity and importance to life on Earth. _____
Premium Species Bacteria Life
MARGINAL COSTING Introduction This paper explores the use of cost accounting information for decision-making purposes. DEFINITION OF KEY TERMS Marginal cost: This is the cost of a unit of a product or service‚ which would be avoided if that unit or service was not produced or provided Break-even point: This is the volume of sales where there is neither profit nor loss. 1 9 6 COST ACCOUNTING S T U D Y T E X T Margin of safety: This is the excess of sales over the break-even volume in
Premium Costs Variable cost Marginal cost
Arlene Serna Striegl AP World History Block 2 5 November 2013 Word Count 650 Unit 3 Essay 3: Continuity and Change between 600 to 1450 CE. Between 600 and 1450 CE.‚ trade and exchange continually remained important and influential in around Eurasia and as well as in the Mexica society. Trade and exchange were main ideas that were both useful and necessary for success during this time. In Eurasia the use of the Silk Road and the Indian Ocean were both used as important trade routes. The
Premium Silk Road Asia Aztec
Basics Fixed costs Activ. Based Costing Target Cost. Life-Cycle Costing Cost Benchmarking Prof. Dr. P. Weber-Dreßler Stategic Costing.ppt (p. 1) Strategic Costing Strategic Costing Basics Contents Fixed costs Part 1: Basics to strategic costing 1. Traditional costing vs. strategic costing 2. Specifics of strategic costing 3. Tools of strategic costing Activ. Based Costing Target Cost. Life-Cycle Costing Cost Benchmarking Prof. Dr. P. Weber-Dreßler Stategic
Premium Costs Variable cost Management accounting
Activity-Based Costing ABC Company produces two products: Product A and Product B. Recently appointed management decided to change from a unit-based‚ traditional costing system to an activity-based costing system. The following data have been gathered‚ to assess the effect of the change: Product type Quantity Prime Costs Machine Hours Material Moves Setups Product A 60‚000 €150‚000 3‚500 6‚800 800 Product B 15‚000 € 30‚000 2‚750 1‚200 450 Expenditures (€) €180‚000 €120‚000
Premium Cost Costs Cost accounting
MARGINAL COSTING Introduction Even a school-going student knows that profit is a balancing figure of sales over costs‚ i.e. Sales - Cost = Profit. This knowledge is not sufficient for management for discharging the functions of planning and control‚ etc. The cost is further divided according to its behavior‚ i.e.‚ fixed cost and variable cost. The age-old equation can be written as: Sales - Cost = Profit or Sales - (Fixed cost + Variable Cost) = Profit. The relevance of segregating costs
Premium Costs Cost Variable cost
finishing department are used. Req. 3 Overhead allocation based on single‚ plantwide rate: Cost allocation base (actual) × Plantwide cost allocation rate Overhead allocation Job 450 5 DL hours Job 455 5 DL hours × $46/ DL hour $ 230 × $46 / DL hour $ 230 Req. 4 Overhead allocation based on departmental rates: Job 450 Machining Department: Departmental allocation rate × Machine hours used by Job Overhead allocation × $60/ MH 3 MH $180 Job 455 × $60/ MH
Premium Costs Lean manufacturing Price
Unit 3 – 4.1 It is important that you are aware of the signs‚ symptoms and indicators of child abuse; because when you see child is not happy or there is a change in personality then this could raise concerns that a child is being neglected or abused. There are different types of signs and symptoms ‚ changes in behaviour and indicators that this abuse is occurring‚ these are: Physical abuse‚ bruises to the eyes‚ mouth‚ or ears‚ fingertip bruising (grasp mark)‚ bruises of different ages in the same
Premium Child abuse Abuse Bullying
Effect of Value-Added Activity Based Costing and Economic Value Measure and their impact on Process Improvement & Business Profitability Business’ profitability and processes can be greatly improved by implementing a value-added activity based costing (ABC) and economic value measure system. The effects can save a company exponentially with the additional detail ABC information provides. ABC information provides much more accurate information about the costs of existing products and the cost
Premium Cost Costs Cost accounting