Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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Express Yourself Language Institute Increased competitive edge • Improved self-esteem • Enhanced thinking skills Background Many colleges and universities require foreign language study‚ and U.S. students from every degree-granting educational institution recognize the importance of fluency in a foreign language. The Express Yourself Language Institute (EYLI) is the premier destination for students wishing to get a head start on their language studies. Drawing on student enrollment patterns
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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warehousing and shipping cost is not really correct. The current method is direct method which ignores In term of Shipping and Warehousing cost‚ low volume products should incur this cost instead of both high volume and low volume products. Because‚ high volume products are deliveried directly to customer so it does not incur the cost of shipping. The low volume products which are sent to distribution center incurred the cost of shipping and warehousing. However‚ the cost of shipping and warehousing
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When I first joined the Army I heard other Soldiers talking about how they were going to go to airborne school after they completed their advanced individual training. I used to think wow these people are crazy why would you want to jump form a perfectly good airplane. But like most young adults no one could tell them anything for they were going to do it regardless. I however didn’t want to go and the Army never offered it to me while I was in training. Soon that would change as I was to report
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I want to graduate from high school and go to college. I want to major in engineering‚ arts and how to be a truck driver. A engineer‚ so if my car brakes down I will be able to fix it myself and not have to rely on anybody else to fix my car. Arts because I really like to draw and paint. Also a truck driver because I like driving cars and trucks and I want to see lots of cities and towns while delivering things.To be able to do all this I would have to work as hard as I can in all my classes to get
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Street Journal. Cost Management and Strategy – refer to your assigned questions and problems Cost Drivers and Basic Cost Concepts -- What is a cost? Define cost pools. What is a cost object? cost assignment? Contrast a direct cost with an indirect cost. Define cost allocation. What is an allocation base? Contrast cost assignment with cost allocation. What is a direct material? Direct labor? Indirect material? Indirect labor? factory overhead? What are conversion costs? Prime costs? What are the
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Customer Satisfaction Survey Report Assessment of PART Express Riders August 10‚ 2011 Prepared by: Piedmont Authority for Regional Transportation Page |2 Table of Contents Introduction ........................................................................................................... 3 Objectives............................................................................................................... 3 Methodology ..................................................
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It was a typical drive to school- fingers tapping on the steering wheel as I sing along with the overplayed pop song playing on the radio station. As I approached an intersection‚ I saw a dark blue sedan coming from the left‚ but realized that the driver had a stop sign and I did not. Therefore‚ I continued driving-still singing and tapping to the rhythm of the song- when suddenly‚ I found myself slamming on the brakes. My body jerked forward‚ and I looked up to find the front of my car collided with
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