Activity based costing (ABC) is a relative new way to allocate costs to specific processes and services. This system assures that the costs are accurately distributed to the products or services that generated them. ABC illustrates costs more accurately‚ giving management insight to the cost associated with certain business activities. ABC extends the decision-making skills of management by expanding on traditional costing (job order costing/process order costing) techniques. However‚ since ABC ’s
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Organisational culture …………………………………………………………………. 7 1.2 Explain how an organisation structure and culture can impact on the performance of busyness ………………………………………………………………………………… 8 1.3. Discuss the factors which influence the behaviour of an individual at work ..… 10 Task 2: Understand different approaches to management and leadership ……… 12 P 2.1.: Compare the effectiveness of two different leadership styles in different organisations ……………………………………………………………………………… 12 P 2.2.: Explain how organizational
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variances. Recognize the features of a standard cost system. Account for standard costs in a departmentalized factory. Distinguish between actual and applied factory overhead. Standard Costing •The purpose of standard cost accounting is to control costs and promote efficiency. •It is not another accounting method for accumulating manufacturing costs‚ but is used in conjunction with such methods as job order‚ process‚ or backflush costing. •Standard costing is based on predetermination of what it should
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PAPER – 5 : ADVANCED MANAGEMENT ACCOUNTING QUESTIONS Marginal Costing Vs. Absorption Costing 1. During the current period‚ ABC Ltd sold 60‚000 units of product at Rs. 30 per unit. At the beginning for the period‚ there were 10‚000 units in inventory and ABC Ltd manufactured 50‚000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead
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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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IMPLEMENTATION OF SCIENTIFIC COSTING IN BULK DRUG AND R&D DEPARTMENT OF A PHARMA INDUSTRY Submitted By KAUSTUBH NIJASURE Under the guidance of Prof. P.M. Nayak A PROJECT SUBMITTED IN PART COMPLETITION OF MMS TO THE Vidyalankar Institute Of Technology Wadala (East)‚ Mumbai 400 031 JULY 14th‚ 2008 Executive summary: Centaur Pharmaceuticals Pvt. Ltd. has following divisions: 1. Bulk Drug 2. Formulations 3. Research and Development 4. Clinical Research
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Christopher Edwards CTU Online Systems Requirements‚ Design and Implementation Specification IT425-1501B-01 Professor Jennifer Gaddy March 2‚ 2015 Contents Brief Description: 4 Who is the Intended User? 4 Project Sponsor: 4 Requirements: 5 Functional Requirements: 5 Nonfunctional Requirements 5 Constraints 6 Section 2: System or Application Design (Week 2) 7 TBD 7 TBD 7 TBD 7 Section 3: Test and Quality Assurance Plan (Week 3) 7 TBD 7 TBD 7 TBD 7 Section 4: Development Strategy (Week 4) 7 TBD
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ANALYSIS AND DESIGN OF E-COMMERCE SYSTEM Introduction The Makeup Academy Online The makeup academy online is an online academy that selling the Makeup courses and the cosmetics by purchase it online. We provided the courses of Makeup. There are 3 types of courses that we provided‚ which is Personal Makeup course‚ Bridal Makeup course and Full Makeup course. The makeup academy is very convenient to the entire customer that does not like to go out to make their purchase. The entire customer can make
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Project Definition Introduction As computer technology changes at such fast phase‚ many businesses sectors try to cope up by upgrading computer system constantly in order to stay competitive. The multi-function ability of technology for its advance system is also an important factor for a company to use software. It makes efficient use of the advance technology and has ambition to discover more. Computers have the great impact on profession of management. With the rapid growth of technology
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adulthood. Considered a coming-of-age novel‚ it deals with complex issues of identity‚ belonging‚ death‚ and alienation. Salinger uses symbolism in the text to convey these themes to the reader. Symbolism is a way of adding depth and meaning to a story‚ while conveying a complex idea that can be understood and recognized in a variety of ways. In doing this‚ Salinger uses symbolism throughout the entire text of The Catcher in the Rye. Salinger makes Holden’s red hunting hat a crucial symbol in
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