Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
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Throughout my life‚ I have read about utopian societies that have become dystopias. I have been exposed to totalitarian led communities‚ such as the society run in the novel 1984. Also‚ history provides me with examples of incidents that have happened from nations that have been ruled by a dictatorship. War‚ revolutions‚ and disdain for social hierarchies are all products of the previously mentioned societies. Human beings like to have control over their own life; however‚ some groups of individuals
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Analysis: 1.Spolarium by Juan Luna is a popular art of Filipino artistry. This painting depicts a scene during the days of the early Roman Empire when gladiatorial fights were a popular form of entertainment for the upper class.it is a kind of subject of History and Legend because it brought up to the observer that consist f verifiable facts. It shows also the experience of the artist that perceive him to draw this piece of art‚ Luna is relating the painting to the status of the Filipino during
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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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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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The Stunning Triumph of Cost-Benefit Analysis It is not exactly news that we live in an era of polarized politics. But Republicans and Democrats have come to agree on one issue: the essential need for cost- benefit analysis in the regulatory process. In fact‚ cost-benefit analysis has become part of the informal constitution of the U.S. regulatory state. This is an extraordinary development. To understand the point‚ a little history is in order. When Ronald Reagan became president in 1981‚
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TOTAL DIRECT 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
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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Gentrification at a Cost “It’s a great neighborhood‚” a testament to Clybourne Park said by former resident‚ Kevin Taylor. Kevin was a small man‚ about 5’8”‚ grey haired and with a black bowler hat. He wears navy blue slacks‚ a red button up-shirt with a blazer over it. He walks with a slump in his step as though something is wrong but he doesn’t quite know what. He hadn’t lived in Clybourne Park for five years‚ moving out in July of 2011‚ during a period many refer to as heavy gentrification. In
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Cost Volume Profit Analysis (CVP Analysis) 3.1 Introduction * CVP analysis is a systematic approach of examining the relationship between the changes in volume‚ cost‚ revenue and profit. The main objective of this analysis is to establish what will happen to the financial results if a specified level of activity fluctuates. * This analysis is useful especially to plan the future production and sales activity that will enable the firm to maximize profit and at the same time it
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