10-Q submitted to the Securities and Exchange Commission. C. performance reports. D. budgets. 3. The costs of direct materials are classified as: A. Choice A B. Choice B C. Choice C D. Choice D 4. The three basic elements of manufacturing cost are direct materials‚ direct labor‚ and: A. cost of goods manufactured. B. cost of goods sold. C. work in process. D. manufacturing overhead. 5. 25. Prime cost consists of direct materials combined with: A. direct labor
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Logistics and Supply Chain Management With Dr Marc Cashin November 2012 Team Members TABLE OF CONTENTS Title Page 1 Introduction............................................................................................................3 2 Description..............................................................................................................4 3 Analyse operations............................................................................
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PERFORMANCE MANAGEMENT Performance not Measured is Performance not Delivered What is Performance Management Performance management is a system for managing organisational and individual staff performance and building organisational capacity for the future. 3 Links Emerging from Performance Appraisals Rewards and Recognition Performance Bonus Salary increments Non financial incentives Training and Development Promotions Poor Performance Probation
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Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
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“ Performance Management” Thomas D. Middleton Strayer University HRM 538 Performance Management Dr. Hargis May 14‚ 2013 1. Summarize the seven (7) components of the framework for coaching and performances management‚ and identify which ones you require development in and why. The seven components of the frame work for coaching and performance management are the coaching relationship\‚ insight‚ motivation‚ capabilities‚ real-world practice‚ accountability‚ and organizational
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Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation
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product costs are the direct materials‚ and manufacturing overhead that are involved in acquiring or making products. Products costs are assigned to an inventory account on the balance sheet and considered to be assets. When the goods are sold‚ the costs are released from inventory and are recognized as expenses in the income statement. Period costs are all the costs that are not included in product cost‚ such as advertising‚ executive salaries‚ and other nonmanufacturing costs. These costs are expenses
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quantity at the right time at the right place for the right price and to the right target customers (consumer) and it is the science of process having its presence in all sectors of the industry. The goal of logistics work is to manage the fruition of project life cycles‚ supply chains and resultant efficiencies. Logistics is concerned with getting (or transmitting) the products and services where they are needed or when they are desired. It is difficult to accomplish any marketing or manufacturing without
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Considering an IPO? The costs of going and being public may surprise you September 2012 A publication from PwC’s Deals practice Table of contents The heart of the matter 1 Embarking upon the IPO process requires insight into the costs An in-depth discussion 4 The initial public offering Cost of going public Cost of being public 5 12 What this means for your business 27 Assess the readiness of your organization for an IPO to appropriately stage the costs incurred and to minimize
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nonetheless remains relevant in the digital age. The cornerstone of Goffman’s study of human behaviour is the idea of the ’performance’. Goffman postulates that individual interactions are performances; carefully designed to ’project’ a specific image to the second party‚ hoping to establish a favourable impression. Goffman opines that all human interactions are merely performances or acts - made by actors and delivered to an
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