Variable costing and absorption costing are the two most commonly used methods of inventory costing for manufacturing companies. The inventory method of variable costing takes place when total direct and indirect variable manufacturing costs are included within inventoriable costs. Fixed manufacturing costs however‚ are considered costs of the period under variable costing. The next method of inventory costing‚ absorption costing‚ includes all variable manufacturing costs as well as fixed manufacturing
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Q.6 The management of Anna Industries is considering a plan to terminate a new employee. The action stemmed from documented evidence supplied by the firm’s accounting department that this new employee did not add as much to the firm’s overall output as did a worker hired two weeks earlier. Based on this evidence‚ do you agree that the latest worker hired should be fired? Explain No‚ the latest worker should not be fired if his MP multiply by price is greater than wage‚ which means he adds value
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Topic 1: The building blocks of cells Lesson Specification learning outcomes Prior learning from KS3 HSW statements BTEC Links Lesson B2.1 Plant and animal cells 1.2 Describe the function of the components of a plant cell including chloroplast‚ large vacuole‚ cell wall‚ cell membrane‚ mitochondria‚ cytoplasm and nucleus Year 9 Explain‚ using a range of models and analogies‚ how the specialised cells and tissues involved in movement and support are adapted to their function‚ e.g. muscle cells
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The report is limited to just 2‚000 words. Make sure the investigation has the following included: • The care needs of the individual • Existing services within the area. How does this meet the needs of the individual. Include examples. Analysis of research • How the services identified‚ help the person’s situation and deal with any problems. • Practitioner roles and how they work together to provide an effective care plan for the individual • quality assurance procedures • the impact
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Associate Level Material Stages of Critical Thinking Stages of Critical Thinking Complete the matrix by identifying the six stages of critical thinking‚ describing how to move from each stage to the next‚ and listing obstacles you may face as you move to the next stage of critical thinking. Stages of critical thinking How to move to the next stage Obstacles to moving to the next stage EXAMPLE: The Unreflective Thinker Examine my thinking to identify problems that affect my thinking
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* Chapter 1 (introducing strategy) * summarize the strategy of an organization in a strategy statement * identify key issues for an organization’s strategy according to the exploring strategy model * distinguish between corporate‚ business operational strategies * understand how different people contribute to strategy at work * Appreciate the contributions of different academic disciplines and theoretical lenses to practical strategy analysis Focus:
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* General comments: Exploring the question of how particular laws come to be included within legal systems is a characteristic question of some theories known as theories of legal positivism The question of whether all legal systems or even all laws‚ partake of some more general moral qualities is characteristic of some theories known as natural law theories Hybrid theories (that of Dworkin) suggest that the manner in which any and every particular law becomes part of a legal system can only be
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Absorption and Variable Costing‚ Inventory Management Absorption and Variable costing are very important tools for cost accounting. Both of these costing methods allow you to see the cost of your inventory‚ in a different way. For example the absorption method allows you to assign all costs to the product‚ while variable costing allows only variable costs to be assigned to the product. Inventory management is extremely important as well because it ties into efficiency and lowering your costs
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ABC Costing Activity-based costing (ABC) is a special costing model that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each. This model assigns more indirect costs (overhead) into direct costs compared to conventional costing models. Aims of model With ABC‚ an organization can soundly estimate the cost elements of entire products and services. That may prepare decisions on
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Activity Based Costing can be defined as an accounting methodology that assigns costs to activities based on their use of resources‚ rather than products or services. This enables resources and other associated costs to be more accurately attributed to the products and the services which they use. It doesn’t change or eliminate any costs; it provides detailed information about how costs are consumed. (Online manager-net.com). Traditional cost accounting looks at what is spent‚ while ABC methods
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