STANDARD COSTING (VARIANCES) 1.1 Material costs variance = (Standard quantity x Standard Price) – (Actual quantity x Actual price) MCV = (SQ × SP) – (AQ × AP) 1.2 Material price variance = Actual quantity × (Standard price – Actual price) MPV = AQ × (SP – AP) 1.3 Material usage variance = Standard price (Standard quantity – Actual quantity) MUV = SP × (SQ –AQ) 1.4 Material cost variance = Material usage variance + Material price variance MCV = MUV + MPV 1. Material Variance Material usage
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CFA Institute The End of Behavioral Finance Author(s): Richard H. Thaler Source: Financial Analysts Journal‚ Vol. 55‚ No. 6‚ Behavioral Finance (Nov. - Dec.‚ 1999)‚ pp. 12-17 Published by: CFA Institute Stable URL: http://www.jstor.org/stable/4480205 Accessed: 17/04/2009 10:10 Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR ’s Terms and Conditions of Use provides‚ in part
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Sociological Aspects of Education SOC 101 April 24‚ 2010 Sociological Aspects in Education The growing diversity in our society has helped to broaden the scope of what and how we educate our children. The scientific study of social behavior and human groups‚ also known as sociology‚ has benefitted society with its impacts from different theories (Schaefer‚ 2009). Education is the foundation of any society and establishes the social and economic wealth for their future. We will explore education
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Critique on: Cognitive Behavioral and Reality Therapy Liberty College Debra Borzym Cognitive Behavioral Therapy Aaron Beck is known as the pioneer of cognitive therapy‚ which has been a utilized approach to psychotherapy. Beck attempted to further Freud’s theory of depression; however‚ the research moved more towards errors in logic‚ coined “cognitive distortions” which were deemed the basis of underlying dysfunction and depression. The fundamental aspect of cognitive therapy‚ which
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Compare and contrast job order costing to process costing methods. Comparison: These systems are to determine the manufacturing costs of products. Both costing systems combine direct materials‚ direct labor and overhead which is indirect costs or could be considered a direct cost in the process costing method nonetheless both systems use this in the process of producing products. The manufacturing accountants assign cost objectives to raw materials inventory‚ work in process inventory and finished
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Godly aspect Psalm 63: Prayer is the breath of our relationship of God. The absence of prayer shows that we are spiritually dead. I don’t mean just saying prayers that are not spawned from the heart‚ of course. Jesus said empty prayers amounted to only religious ceremony. One can dress up a dead body but there sure is a difference between that corpse and a living person even if he is sick. What do you think of when prayer is mentioned? This is a good question. Your answers reveal a lot about your
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clearly and concisely stating the purpose of the estimate being prepared (i.e. cost study‚ project options‚ funding‚ etc.)‚ the project scope‚ pricing basis‚ allowances‚ assumptions‚ exclusions‚ cost risks and opportunities‚ and any deviations from standard practices. In addition the BOE is a documented record of pertinent communications that have occurred and agreements that have been made between the estimator and other project stakeholders. A well prepared basis of estimate will: • • • • • • • •
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Behavioral Management Theory As management research continued in the 20th century‚ questions began to come up regarding the interactions and motivations of the individual within organizations. Management principles developed during the classical period were simply not useful in dealing with many management situations and could not explain the behavior of individual employees. In short‚ classical theory ignored employee motivation and behavior. As a result‚ the behavioral school was a natural outgrowth
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INTRODUCTION Understanding what research is in the first place aids in the knowing what its key aspects are. Understanding entails critically going through the various definitions of research to see some similarities regarding what research seems to address. It must also be taken into consideration that there are types of research that exist for example historical research‚ artistic research‚ and scientific research (Wikipedia‚ 2010). To look into the definitions of research‚ we would start with
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Some financial advisors are needlessly struggling with behavioral finance because they lack a systematic way to apply it to their client relationships. In my 2006 book‚ Behavioral Finance and Wealth Management‚ I outline a method of applying behavioral finance to private clients in a way that I now refer to as "bottom-up." This means that for financial advisors to diagnose and treat behavioral biases‚ he or she must first test for all behavioral biases in a client‚ and then determine which ones a client
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