Lesson-13 Elements of Cost and Cost Sheet Learning Objectives • • • To understand the elements of cost To classify overheads on different bases To prepare a cost sheet Elements of Cost Raw materials are converted into finished products by a manufacturing concern with the help of labor‚ plants etc. The elements that constitute the cost of manufacturing are known as elements of cost. The elements of cost include the following: • • • Material Labor Expenses Each of these elements is again subdivided
Premium Variable cost Total cost Marginal cost
Ch 9 Leadership--occurs when particular individuals exert influence on goal achievement of others in organizational context> Strategic leadership refers to leader’s "ability to anticipate‚ envision‚ maintain flexibility‚ think strategically‚ and work with others to initiate changes that will create a viable future in the organization. Research on leadership traits> traits are personal characteristics of the individual‚ including physical charactersitics‚ intellectual ability‚ and personality. Research
Premium Management Leadership Psychology
Leadership Leadership is the art of leading others to deliberately create a result that wouldn’t have happened otherwise.” The Characteristics of a Good Leader What makes a good leader? Here are some of their most important characteristics: Self-Awareness. You have an intimate knowledge of your inner emotional state. You know your strengths and your weaknesses. You know when you’re working in flow and you know when you’re over worked. You know yourself‚ including your capabilities and your limitations
Premium Leadership Management
Donald Trump and his leadership success: Personality Profile 1. Discussion of the Personality Profile based on Big Five model of personality (surgency‚ agreeableness‚ adjustment‚ conscientiousness‚ and openness to experience) The Big Five Model: Surgency-is the ability to persuade or influence individuals to understand your point of view‚ vision‚ mission‚ and/or objective and is willing to follow your lead as a result. One of the character traits of surgency is competitiveness. Donald Trump is
Premium Big Five personality traits Leadership Management
Presentation # 5 GOLEMAN’S 6 LEADERSHIP STYLES FOR ‘EFFECTIVE TEAM PERFORMANCE’ GOLEMAN’s RESEARCH Goleman found in his research that Leaders used one of these styles at any one time Each of the Six Leadership styles comes from the use of Emotional Intelligence COMMANDING OR COERCIVE LEADER Is one of the most aggressive of the six Leadership Styles‚ expects and demands immediate compliance to his/her orders He/ She accomplishes tasks by ordering and dictating‚ even demeaning his/her followers
Premium Leadership Management Coaching
Leadership “Leadership and learning are indispensable to each other”—John F. Kennedy. The characteristics of being a leader are infinite. If an individual can not listen he or she will have a hard time being a leader. Listening is the key aspect of learning and learning is the key aspect of being responsible; a leader must be able to listen‚ learn‚ and be responsible if he or she expects anyone to follow his or her example. Working hard to represent my school well has taught me to be a successful
Free High school Management
product costs are the direct materials‚ and manufacturing overhead that are involved in acquiring or making products. Products costs are assigned to an inventory account on the balance sheet and considered to be assets. When the goods are sold‚ the costs are released from inventory and are recognized as expenses in the income statement. Period costs are all the costs that are not included in product cost‚ such as advertising‚ executive salaries‚ and other nonmanufacturing costs. These costs are expenses
Premium Balance sheet Income statement Expense
Cost Accounting: A Managerial Emphasis‚ EXHIBIT 11-1 Accounting Information and the Decision Process FIVE-STEP SEQUENCE Step 1: Gathering Information AN ILLUSTRATION The current manufacturing line uses 20 employees‚ 15 operating machines‚ and 5 handling materials‚ for a total cost of $640‚000. The rearrangement of the manufacturing assembly line is expected to eliminate materials-handling costs‚ equivalent to $160‚000. The cost of the rearrangement will be $90‚000. Historical
Premium Costs Variable cost Cost
MGT 6503 08/06/2014 Leadership Paper: Nelson Mandela This paper will give an analysis of a leader that I admire Nelson Mandela. It will cover the strong Prophecy‚ inspiration‚ compassion‚ innovative‚ persistence and ethical qualities of Nelson Mandela. Nelson Mandela was
Free South Africa African National Congress Leadership
situation (illustrated in Appendix‚ 1.1)‚ shows the demand curve‚ given by DD‚ as the individual firm ’s share of the market demand under circumstances where the two firms are identical with respect to size and costs of production. To understand this behaviour of the collusive duopolies‚ a mathematical tool called ‘Game Theory’ is used. The classic example for the duopoly analysis here is the ‘Prisoner ’s-dilemma game’ (shown in Appendix‚ 1.2). Within this game structure‚ a payoff matrix has been plotted
Premium Economics Marketing Game theory