COST ANALYSIS OBJECTIVES INTRODUCTION MEANING DEFINITIONS TYPES OF COSTS MONETARY COSTS REAL COSTS OPPORTUNITY COSTS ECONOMIC COSTS ACCOUNTING COSTS INCREMENTAL COSTS SUNK COSTS FUTURE COSTS PRIVATE‚ EXTERNAL AND SOCIAL COSTS FIXED / SUPPLEMENTARY / OVERHEAD COSTS VARIABLE / PRIME COSTS REPLACEMENT COSTS PRODUCTION COSTS SELLING COSTS CONTROLLABLE COSTS DIRECT COSTS INDIRECT COSTS SHORT RUN COSTS CURVES LONG RUN COSTS CURVES OBJECTIVES To understand the meaning of cost. To discuss different types
Premium Costs Cost Variable cost
Title: Economic Analysis in the Public Sector (Benefit Cost (B/C) Analysis) 1 Table of Contents 2 Overview of the case There are two mutually exclusive proposals presents‚ proposals A and proposals B which is given by Chief Manager of Saksama Sdn. Bhd. to appointed group. The appointed group will be consisting of project engineers‚ economic/financial advisors and project leaders who will make a final decision between these two respective proposals. Both of the proposals share similar goal
Premium Cost-benefit analysis Cost Costs
Based Costing Cost attribution to cost units on the basis of benefits received from activities‚ i.e. ordering‚ setting up‚ assuring quality. Activity costs and the instances of cost driver occurrence are measured and used to decide on overhead absorption rates. Five stage process: 1. Identify the various activities within an organisation 2. Determine the key cost driver for each activity 3. Create cost pools to collect activity cost s having the same cost driver 4. Measure
Premium Costs Quality management Value added
the Olympic Games really bring benefits for the host country? It may be stated that hosting Olympics may increase the expenditure of host country and jeopardize local people ’s security.However‚the majority of the previous host countries assert that the benefits of conducting Olympic Games outweigh the risks . Personally，it could enhance local infrastructure ‚spur the economy and bring the host country into eminence. From an enlighten point of view‚the direct benefit brought by Olympic Games is that
Premium Olympic Games Summer Olympic Games International Olympic Committee
Evolution of the costs and benefits of business groups: Korean chaebols with pre-crisis discount and post-crisis premium Keun Lee‚*‚ Ji Youn Kim a‚ Oonkyu Leeb a b School of Economics‚ Seoul National University‚ Seoul Korea Techno-Economics and Policy Program(TEPP)‚ Seoul National University‚ Seoul‚ Korea ___________________________________________________________________________ Abstract We examine Korean chaebols to analyze the long term evolution of the costs and benefits associated
Premium Firm Ratio Debt
Accredited Accounting Technician Examination Pilot Examination Paper Paper 2 Business Communication and Organization and Management Questions & Answers Booklet The Suggested Answers given in this booklet are purposely made to give more details for educational purpose. © Hong Kong Institute of Accredited Accounting Technicians Limited 2008 All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means‚ electronic
Premium Communication Management Total quality management
Chapter 7 Analysis of Costs Costs affect input choices‚ investment decisions‚ and even the decision of whether to stay in business. A. Economics analysis of costs 1. Total cost: fixed and variable (1) Total cost represents the lowest total dollar expense needed to produce each level of output q. TC rises as q rises. (2) Fixed cost represents the total dollar expense that is paid out even when no output is produced. FC is unaffected by any variation in the quantity of output. (3) Variable cost represents
Premium Costs Economics of production Economics
Cardon Carpet Mills‚ Inc. Case Discussion I. Situation Analysis a. Industry i. In the United States carpet and rug industry‚ wholesale and retail distribution has experienced several changes. The industry has undergone three distinct changes since the mid-1980s. The first change‚ which occurred during the mid-1980s‚ occurred in the form of direct distribution. The largest carpet and rug manufacturers began bypassing floorcovering wholesalers and sell directly to retailers in
Premium Marketing Scientific method Logic
What is meant by the term scientific benefit? Scientific benefits are the benefits in terms of knowledge and understanding gained from scientific research which provides explanations of and explanations for complex phenomenon and behaviour. This can be applied to real life in the form of treatments or such‚ for example Robertson and Robertson’s study provided scientific benefit in that it was discovered how important a child’s attachment to their Mother is. Using psychological knowledge and research
Premium Scientific method Research Philosophy
The Economic benefits of war outweigh the costs. Discuss. The last century witnessed a proliferation of warfare unparalleled in the history of mankind‚ that same century however witnessed also an unparalleled expansion of human economic activity. The two would appear to be linked; war is fundamentally an economic activity. Fighting a war forces an economy to equip large numbers of men with a wide variety of equipment‚ in addition to building warships‚ warplanes and tanks. This equipment has to be
Premium Economics Opportunity cost War