Meaning of cost ‘COST’ represents a sacrifice of values‚ a foregoing or a release of something of value. It is the price of economic resources used as a result of producing or doing the thing costed. It is the amount of expenditure incurred on a given thing. Cost has been defined as the amount measured in money or cash expended or other property transferred‚ capital stock issued‚ services performed or a liability incurred in consideration of goods or services received or to be received. CLASSIFICATION
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day-to-day jobs? A project is an individual or collaborative enterprise that is carefully planned and designed to achieve a particular aim. A project consists of a goal or objective; something the team is trying to accomplish‚ a triple-constraint: Scope‚ Cost‚ and Time‚ a start and end date‚ a sponsor and stakeholders‚ Project phases (i.e. Initiation‚ Planning‚ Execution‚ Monitoring & Control‚ and Closure)‚ Identified risks‚ mitigation strategy‚ and contingency plans‚ a design and requirements defining
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Anatomy of the Thorax MCQ and Spotter Hint: Cross section: Which artery (vein also indicated)? The correct answer is: Internal thoracic artery Click on the correct name for this structure: The correct answer is: Descending aorta Click on the correct name for this structure The correct answer is: Rib: head The correct answer is: Pulmonary artery The correct answer is: Sternum: xiphoid process The correct answer is: Posterior intercostal artery The correct answer is: Brachiocephalic artery
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Chapter 10 Standard Costs and the Balanced Scorecard Solutions to Questions 10-1 A quantity standard indicates how much of an input should be used to make a unit of output. A price standard indicates how much the input should cost. 10-2 Ideal standards assume perfection and do not allow for any inefficiency. Thus‚ ideal standards are rarely‚ if ever‚ attained. Practical standards can be attained by employees working at a reasonable‚ though efficient pace and allow for normal breaks
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Library Management System 5 1.1 Introduction. The aim of this project is to design and implement an online library‚ which will enable users to search for books and browse information about these books as the abstract‚ publisher information‚ cost‚ table of contents‚ etc. The database of the library based on one of the standardized systems for cataloging and classifying the books. We follow the
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MP A R Munich Personal RePEc Archive Risk management in Islamic banks Helmy‚ Mohamed ESLSCA Business School 20. April 2012 Online at http://mpra.ub.uni-muenchen.de/38706/ MPRA Paper No. 38706‚ posted 09. May 2012 / 10:37 ESLSCA Business School Risk Management in Islamic Banks By Mohamed Helmy Ahmed Master of International Business Administration Finance Supervisor Dr.Khalil Abo Ras Academic Year : 2012 0 Table of content Acknowledgement Abstract Chapter
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definition of marketing says ________. A) effective marketing requires companies to remove intermediaries to achieve a closer connection with direct consumers B) a company should focus exclusively on achieving high production efficiency‚ low costs‚ and mass distribution to facilitate the broadest
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Direct materials cost per unit ($750‚000 ÷ 10‚000) $ 75.00 Conversion cost per unit ($798‚000 ÷ 10‚000) 79.80 Assembly Department cost per unit $154.80 2a. Solution Exhibit 17-16A calculates the equivalent units of direct materials and conversion costs in the Assembly Department of Nihon‚ Inc. in February 2009. Solution Exhibit 17-16B computes equivalent unit costs. 2b. Direct materials cost per unit $ 75 Conversion cost per unit 84 Assembly Department cost per unit $159
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Question 1 Product costs are costs that are associated with manufactured goods until the time period during which products are sold. It involved all costs in acquiring or making a product. These costs consist of direct materials‚ direct labour and manufacturing overhead. Product costs are initially assigned to an inventory account on the balance sheet. When the goods are sold‚ the costs are released from inventory as expenses and matched against sales revenue. Since product costs are initially assigned
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IB Thermal Physics MCQ questions ( Higher) 1. Thermal energy is transferred through the glass windows of a house mainly by A. conduction. B. radiation. C. conduction and convection. D. radiation and convection. 2. The first law of thermodynamics may be expressed in terms of the quantities below. DU‚ the increase in the internal energy of the system Q‚ the energy transferred to the system by heating W‚ the work done on the system Which one of the following is a correct statement
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