To: Rubrics Corporation From: Group 1 RE: Activity-Based Costing and Management Objective and Purpose It is said that Rubrics Corporation is no longer satisfied with single direct cost driver‚ which is also called Traditional Volume-Based Product-Costing System‚ because it is not accurate. A shortcoming or overloading of cost occurs when they use Traditional Volume-Based Product-Costing System to calculate cost of producing four products: Widgets‚ Gadgets‚ Smidgets‚ and Smadgets. To solve this
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Introduction As a result of Government policy over reform in Indian Education system ‚ the CBSE has introduced the new system Continuous Comprehension Evaluation to the secondary classes. Since then lot of feedback are coming to CBSE in contrast to the CCE pattern. The parents and general public are showing unsatisfactory to this present system. On the contrary‚ the eminent educationist are keep on advocating in favor of CCE system. The new reform in Indian Education is quite acceptable but it will take
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CHAPTER 19 SPECIAL TOPICS IN REA MODELING SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 19.1 Often it takes several sales calls to obtain the first order from a new customer. Why then does Figure 19-1 depict the relationship between the Call on Customer and Take Customer Order events as being 1:1? When a sales person visits a customer it is represented by the event Call on Customer. Although single sales call may be followed by many orders from a customer over time‚ it is easier and more
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In this document I am going to explain the definition of cost and the difference between absorption costing vs. variable costing‚ and also if overproducing is an ethical practice or not. Also I will be showing some calculations and data to explain a get a better idea of this entire situation and how we can resolve some problems in management accountant. Cost is the monetary value of goods and services expended to obtain current or future benefits. The way that a cost will be used defines the way
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AN IDEAL APPROACH TO STANDARD COSTING By Jitesh Chandak INTRODUCTION Before you start your study on standard costing you must be clear in your mind that you are going to study a chapter which wants more practice and hard work to develop a strong and sound concept. Costing can be defined as “The technique and process of ascertaining costs.” Standard costing is a technique‚ which uses standards for cost and revenue for the purpose of control through
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intellectual excellence. I also would like to thank my parents‚ Feng Yu and Wengu Zheng‚ for their constant support. iii TABLE OF CONTENTS Page Acknowledgements iii List of Tables viii List of Figures x Summary xi Chapter I Auditor Industry Specialization and Real Activities Manipulation 1 1.1 Introduction 1 1.2 Literature Review and Hypotheses Development 3 1.2.1 Motives to Hire Industry Specialist Auditors 3 1.2.2 The Impact of Auditor
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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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Activity-based Costing (ABC) An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. There are four levels of a cost hierarchy: 1- Output unit-level costs: costs of activities performed on each individual unit of a product or service. 2- Batch-level costs: costs of activities related to a group of
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Section B: Specific Additional Requirements • Describe 3 examples of syndromes/conditions of your choice. • Describe 2 strategies for each example described above. These strategies could be medical‚ nutritional‚ educational‚ social or emotional which are meant to meet the children’s additional needs. Down Syndrome Down Syndrome‚ also referred to as Trisomy 21‚ is a condition which causes delays in the development of children‚ both mentally and physically‚ due to extra genetic material
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1. What would be an argument in support of sin taxes on fast-food meals?Considering that fast-food meals are usually less expensive than healthier options and provide food quickly for underpaid and overworked Americans‚ how might sin taxes unintentionally reproduce class difference? A good argument on the issue of taxing fast food is that it could help the health of our society. Most people tend to buy fast food because of time or just not wanting to cook and because most of the healthier food
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