In the books of a Company Cost Sheet for the period ended…….. Units Produced….. Name of the product unit sold…. Particulars Total cost Rs. Unit Cost Rs. Opening stock raw materials Add Purchases of Raw Materials Add: Expenses on Purchases of Raw Materials (octroi & duty) Less: Closing stock of raw materials Less: Sale of scrap or defectives of raw materials = Cost of materials consumed Add: Productive Labour Add: Outstanding wages Add: Direct Expenses( architect’s
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We already know that following are the important cost concepts related to the production process of a firm: • Fixed Cost • Varibale Cost • Average Cost • Marginal Cost please refer to following page Introduction to Cost Concepts to understand various cost concepts in detail. Here we will briefly state again the meaning of above stated cost concepts for better understanding of the module on short run cost analysis. Fixed Cost is that cost which does not change (that is either goes up or
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he changed and transformed as a leader. Disney’s dreams became true due to the fact that he had the four main leader characteristics. The four main leader characteristics are: vision‚ rhetorical skills‚ image and trust building‚ and personalized leadership (Northouse‚ 2013). Disney had lots of charisma. In his line of work‚ animation for children and adults‚ charisma is one of the main ingredients in what made Disney so successful. Not only did he have charisma but he also embodied inspirational motivation
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Discussion Section Principles of Microeconomics Suggested Answers for Problem Set #1 Professor Scholz 1) Portray the following hypothetical data on a two-variable diagram: Enrollment Data: Nowhere U Academic Year 2000-01 2001-02 2002-03 2003-04 2004-05 Total Enrollment 3000 3100 3200 3300 3400 Enrollment in Economics Courses 300 325 350 375 400 Measure the slope of the resulting line‚ give an algebraic representation of the line‚ and explain what the slope means. Answer: Find the slope of
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7103 ORGANISATIONAL LEADERSHIP (Individual Assignment – Part A & B) Name: Santhia a/p Marathamuthu Student ID: CGS 00700129 Tutor’s Name: Dr. Wardah Binti Mohamad BPOL 7103 – ORGANISATIONAL LEADERSHIP Content Page 1.0 Introduction & Background 2 - 3 2.0 Competencies 4 - 5 3.0 Characteristics and Traits 6 - 9 3.1 Characteristics of Dato’ Sri Abdul Wahid Omar 6 - 7 3.2 Traits of Dato’ Sri Abdul Wahid Omar 7 - 9 4.0 Leadership Concepts 10 - 13
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manufacturing cost categories. LO2 Distinguish between product costs and period costs and give examples of each. including calculation of the cost of goods sold. LO4 Prepare a schedule of cost of goods manufactured. LO5 Understand the differences between variable costs and fixed costs. LO6 Understand the differences between direct and indirect costs. LO7 Define and give examples of cost classifications used in making decisions: differential costs‚ opportunity costs‚ and sunk costs. LO8
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Malaysian Technical Universities International Conference on Engineering & Technology (MUiCET 2011) Identifying Construction Resource Factors Affecting Construction Cost: Case of Johor Aftab Hameed Memon*‚ Ismail Abdul Rahman‚ Ade Asmi Abdul Aziz‚ Kumarason V. Ravish‚ and Noor Ikmalah Mohammad Hanas Faculty of Civil and Environmental Engineering‚ Universiti Tun Hussein Onn Malaysia‚ 86400 Parit Raja‚ Batu Pahat‚ Johor‚ Malaysia *Corresponding e-mail: aftabm78@hotmail.com Abstract The
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Your model should look like this: Now with the cost drivers in place‚ we are ready to calculate Auntie Wuni’s monthly costs. • Leave a row under the Spaghetti: Px/box row and create a subtitle ‘Total Cost of Ingredients’ in cell B28 • Hit Ctrl-B on cell B28 to render the title in bold • Starting from cell B29 and moving downwards‚ populate the cells in this section simply with the name of the ingredients‚ i.e. Oil; Tomatoes; Rice; Pepper; Fish; Cow-leg; Beans; Spaghetti. • Now move the
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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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“Leadership is an art of getting someone else to do something you want done because he wants to do it.” Dwight D.Eisenhower. In the majority of companies around the world‚ management is playing a very important role in controlling and keeping everything on its track. A manager is assigned with the power and responsibility to manage a project which can be the key to develop his company. So‚ a manager is sometimes considered as a leader who takes care of managing and leading his team to accomplish
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