of the contents of the document.] compaq [Type the company name] [Pick the date] Contents Concept of Cost Accounting……………………………………………………………………03 Introduction……………………………………………………………………………………..03 Traditional costing v/s activity based costing…………………………………………………..04 Need for an Activity Based Costing……………………………………………………………06 Stages in Activity Based Costing……………………………………………………………....08 Cost Drivers…………………………………………………………………………………….09 Classification of activities………………………………………………………………...……10 Steps Involved
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know about driving.! 1. I’d like to know all the rules of the road so I can become a safe and aware driver.! 2. I would also like to know how to properly and fully operate my vehicle so I can safely get around without concern. ! ! L—What you Learned! Discuss at least two new things you learned from Module One.! 1. You must follow‚ obey‚ and know all the rules of the road in order to become a safe driver.! 2. You should keep calm and have common courtesy in order to protect yourself and others around
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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OVERHEAD COSTS ACCOUNTING Overheads are indirect costs which can not directly be traced to cost units. The task of the cost accountant is to charge these overhead costs to cost units/products. There are two approaches of charging overhead costs to cost units Viz i. Traditional/conventional absorption costing method and‚ ii. Activity Based Costing (ABC) Classification of overheads Overheads can be classified as production or non production overheads. Production overheads are those incurred
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Mise-en-scene in Taxi Driver Taxi Driver is about Travis Bickle‚ a "sick" taxi driver who is both a prophet and/or a mad man. We are never allowed to know what the movie itself thinks of him‚ we are never told to love him or hate him and the movie never states whether he is ethically right or wrong. This movie is not about the answers to the problems of the society. It is just about the questions and unknowns. It is just an interesting journey in the modern society that could make people
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Invisible consumption driver The business market is like the battlefield. But‚ in this battlefield‚ there is no gunpowder smoke. Businesses compete with each other. They use many measures to stimulate consumption and outcompete competitors. There is a typical phenomenon from our daily life‚ rationalization smoke. What is rationalization? Rationalization related to the reasonableness of a price for a given product and the price depends on the comparative value of the product. Then a business
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CHAPTER 6 PRODUCTION EXERCISES 4. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such as the shape of the isoquants) help the campaign manager to plan strategy? The output of concern to the campaign manager is the number of votes. The production function has two inputs‚ television advertising and
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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intensity that transcends throughout all of his performances on screen. He is an actor that believes in the style of Method Acting and has shown an unshakable commitment to his craft throughout his career. His performance in Martin Scorsese’s Taxi Driver demonstrates how significant an actor can be. De Niro perfectly embodies the character of Travis Bickle- a man who
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