Differential Costing Introduction Costs are an important feature of many business decisions. In making decisions‚ it is essential to have a firm grasp of the concepts differential cost. Decisions involve choosing between alternatives. In business decisions‚ each alternative will have costs and benefits that must be compared to the costs and benefits of the other available alternatives. A difference in costs between any two alternatives is known as a differential cost. A difference in revenues
Premium Marginal cost Cost Variable cost
UNIT 3 1.1a Diversity literally means difference diversity recognises that though people have things in common with each other‚ they are also different and unique in many ways. Diversity is about recognising and valuing those differences‚ diversity therefore consists of visible and a non- visible factor‚ which includes personal characterisicsuch asbackgound‚ culture‚ personality and work-style in additionto the characteristics that are protected under discrimination legislation in terms of race
Free Discrimination
Chapter 3 Review 1. Which of the following is true about a TCP/IP network? A) The network uses only standards defined in TCP/IP RFCs. 2. Which of the following terms is not a common synonym for TCP/IP model? (Choose two answers.) D) TCP/IP mapping and C) Ethernet 3. Think generically about the idea of a networking standard‚ ignoring any particular standard or standards group. Which of the following is typically true of a standard? (Choose two answers.) B) It exists as a deployed network device
Premium OSI model Data Link Layer Internet Protocol Suite
Process costing Process costing is a system which mostly practices by a company whereby the manager of the company wants to know the cash flow from one department to another. Process costing give a clarify information to managers‚ therefore this activities is very important. Process costing is consisting of three ingredients which are direct materials‚ direct labor and manufacturing overhead. Direct material is the raw material which needs to produce a product‚ for example rubber for shoes‚
Premium Management Marketing Cost
Process Costing Objectives ☯To understand what is process costing ☯To understand the physical flow and basic entries in a process costing system ☯To be able to calculate the production cost able in a process costing system by using the the Weighted Average method 1 Comparison of Job-Order Costing and Process Costing JobJob-order costing The oil refining process starts with a fractional distillation column. Typical Application of Process Costing Process Costing Process
Premium Costs Cost accounting Cost
Coefficient of Performance - COP - is the basic parameter used to report efficiency of refrigerant based systems. The Coefficient of Performance - COP - is the ratio between useful energy acquired and energy applied and can be expressed as COP = Eu / Ea (2) Where COP = coefficient of performance Eu = useful energy acquired (btu in imperial units) Ea = energy applied (btu in imperial units) COP can be used to define either cooling efficiencies or heating efficiencies as for heat pumps
Premium Heat pump HVAC Energy
BACKFLUSH COSTING Definition of Backflush Costing : A streamlined cost accounting method that speeds up‚ simplifies‚ and reduces accounting effort in an environment that minimizes inventory balances‚ requires few allocations‚ uses standard costs‚ and has minimal variances from standard Product costing approach‚ used in a just - intime (jit) operating environment‚ in which costing is delayed until goods are finished. Standard costs are then flushed backward through the system to assign
Premium Inventory
TYPE : Investigation OUTCOMES : Outcome 1: Technology Process CONTENT : Components; Design‚ development and management: systems; Tools UNIT LEARNING CONTEXT: IT Professional TASK 2‚ Part B: Network solution (21 marks) (10%) The data collected by EnviroNow is used by a range of government departments and private companies to locate information on the past and present condition of the river. Time allocation 6 Periods What you need to do: Research Investigate four methods
Premium Management Environment Natural environment
ACTIVITY PLANNING SHEET | |I have planned to carry-out a creative activity where the children will create different | |Activity and aim |pictures of their favourite animals using animal sponges. My aim of this activity is to | | |get the children to recognise the colours of different kinds of animals and being able to | | |independently choose which animal they want to
Premium Management Animal Motor control
Costing Methods Paper ACC/561 7 March 2013 Costing Methods Paper Super Bakery‚ Inc. has broadened its footprint by taking on a new cost system that result in fair pricing by activities instead of product. The strategies used by the company were clear to make the improvements needed to move the company forward. Other cost systems were considered but the activity-based costing approach was best suited to the company’s needs. The job order cost system and the process cost system
Premium Price Cost Costs