product line. According to Sippican’s cost accounting system further decrease in the price of pumps would not be acceptable as because of the past price reductions the margin on pumps have already declined from the planned 35% to 5%. Detailed and alternative analysis of the costs – such as Activity Based Cost analysis – reveals alternatives for the management to decide on pricing‚ efficiency measures‚ and product development. Sippican Corporation uses a simple cost accounting system for performance
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Organizational Behavior‚ by definition‚ is the study of human behavior‚ attitudes‚ individual differences‚ and performance in organizational settings. Understanding the internal and external forces within an organization is important to the success of any business. The internal and external forces that are to be understood are restructuring‚ economy‚ competition‚ fiscal policies‚ organizational mission and globalization and economy. Economic factors for an educational institution are greater
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perspectives‚ work-related employee behavior also has a deep influence on organizational effectiveness‚ there are certain behaviors that employees have to adopt to reach this level of effectiveness. These behaviors consist of task performance‚ counterproductive work behaviors‚ acquiring and retaining employees within an organization‚ work attendance and lastly‚ organizational citizenship. In this essay‚ I will be going through certain organizational citizenship behaviors and job related outcomes as well
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CHapter 16 THE BEHAVIOR OF COSTS Changes from the Twelfth Edition All changes to Chapter 16 were minor. Approach We have retained our approach of putting all C-V-P topics in a single chapter because many schools’ marketing and management accounting core courses start simultaneously‚ and marketing likes to have break-even analysis covered early in the management accounting course. Also‚ if there are students in the course with work experience or‚ in the case of MBA courses‚ with some
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Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2010‚ Amesbury budgets 2011 assembly-support costs to be $8‚300‚000 and 2011 direct labor-hours to be 166‚000. At the end of 2011‚ Amesbury is comparing the costs of several jobs that were started and completed in 2011. Laguna Model
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Abstract The study of organizational behavior is importance in order to have a successful work performance. By most estimates‚ organizational emerged as a distinct field around the 1940s. However‚ its origins can be traced much further back in time. The Greek philosopher Plato wrote about the essence of leadership. Aristotle‚ another respected philosopher‚ addressed the topic of persuasive communication. The writings of sixteenth-century Italian philosopher Niccolo Machiavelli laid the foundation
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Monitoring and evaluating knowledge management strategies Nature does not measure. Nature recognizes patterns. (Senge) IKM Background Paper October 2009 Joitske Hulsebosch‚ Mark Turpin and Sibrenne Wagenaar IKM Background Paper‚ Monitoring and evaluating knowledge management strategies. October 2009. About IKM Emergent In April 2007‚ a five-year research programme was approved for funding by the Directorate General for International Cooperation (DGIS)‚ which is part of the Dutch Ministry
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References: Management Science‚ 43‚ 12 (1997)‚ 1676-1692. Bauer‚ R.A. Consumer behavior as risk taking. In Hancock‚ R.F. (ed.)‚ Dynamic Marketing for a Changing World. In Proceedings of the 43rd Conference of the American Marketing Association‚ Chicago‚ 1960‚ 384-398. Becker‚ G. The theory of the allocation of time. The Economic Journal‚ 75‚ 299 (September 1965)‚ 493-517. Benjamin‚ R. and Wigand‚ R. Electronic markets and virtual value chains
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Relationship between marginal cost and marginal product. Marginal cost is the additional cost attributed to an additional unit produced. Marginal product is the increase in the total product due to an additional resource allocation. The marginal cost and marginal return have an inverse relationship and can almost be represented as mirror images of each other. The peak of the marginal product corresponds with the lowest point of the marginal cost. Thus as marginal product
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4011 APRIL 7‚ 2009 CRAIG CHAPMAN Biovail Corporation: Revenue Recognition and FOB Sales Accounting Background Late on October 9‚ 2003‚ David Maris‚ an analyst at Banc of America Securities (BAS)‚ was trying to interpret the shocking events of the previous few days and finish the write-up of his first report on the Canadian pharmaceutical firm‚ Biovail Corporation. Maris didn’t like what he saw at the company‚ but he never liked writing “Sell” recommendations. In any event‚ he wanted to make
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