LIFE CYCLE COSTING Life cycle costing (LCC) is the process of collecting‚ interpreting and analyzing data and using quantitative tools and techniques to predict the future resources that will be required in any life cycle of a system of interest. LCC can also be defined as a technique to establish the total cost of ownership. It is a structured approach addresses all the elements of this cost and can used to produce a spend profile of a product over its life span. The result of LCC usually
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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Definitions of Communication 1- “The imparting or exchanging of information by speaking‚ writing‚ or using some other medium” Ref; http://oxforddictionaries.com/definition/english/communication Accessed on: June 13‚ 2013 at 13:10 2- “Communication is the activity of conveying information through the exchange of thoughts‚ messages‚ or information‚ as by speech‚ visuals‚ signals‚ writing‚ or behavior. It is the meaningful exchange of information between two or a group of persons” Ref;
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Lifecycle models. Create by Edyta Michalak “Definition - What does Software Development Life Cycle (SDLC) mean? SDLC The software development life cycle (SDLC) is a framework defining tasks performed at each step in the software development process. SDLC is a structure followed by a development team within the software organization. It consists of a detailed plan describing how to develop‚ maintain and replace specific software. The life cycle defines a methodology for improving the quality
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Mwangi Kevin macharia 628945 The product life cycle theory is used to comprehend and analyze various maturity stages of products and industries. Product innovation and diffusion influence long-term patterns of international trade. This term product life cycle was used for the first time in 1965‚ by Theodore Levitt in a Harvard Business Review article: "Exploit the Product Life Cycle". Anything that satisfies a consumer’s need is called a ’product’. It may be a tangible product (clothes‚ crockery
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second to answer the question asked. 1. You must include a screen shot of the query (or queries) created and a screen shot of the results for each question. 2. Be sure you include the question and label your queries as 4-4.x (where x=question letter). 3. Paste all screen shots into a Word document and save the word document as WK2_Lab_LastName_FI.docx. 4. Place your completed lab in the dropbox. Grading for this assignment will be as follows: Answer the following questions
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INTRODUCTION Cost accounting is an important tool in the management of any business firm or organization‚ which includes those in the small scaled industry. In the cause of our research instrument indicated the maintenance of improper and inadequate records coupled with the fact that cost methods used‚ through sometimes effective‚ were unconventional. For a small scale business to approach profit maximization level‚ it must be effective in cost control procedures and appropriate books
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Smart Bicycle Light T.K. HAREENDRAN JULY 2012: With this circuit built‚ boxed up and installed in your bicycle‚ you can look forward to safely riding your cool bicycle at night. The circuit ensures that the bicycle lights remain ‘on’ for a little while after the bicycle has come to a standstill. The circuit is 6V‚ 3W dynamo compatible and its working is very simple and straightforward. When the bicycle dynamo is idle‚ it connects the light source to the reservoir battery pack until the dynamo
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Em a il 27 More Some like to draw comparisons between the Great Depression and the recessionary period following the 2008 financial crisis. Here is an infographic from paydayloans.co.uk that does just that on several key economic metrics. www.businessinsider .com/infog r aphic- compar ison- of- the- g r eat- depr ession- and- the- g r eat- r ecession- 2012- 7 1/4 04/03/2013 Compar ing The Gr eat Depr ession To The Gr eat Recession [Infog r aphic] - Business Insider SEE ALSO:
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Introduction In our coursework group assignment‚ our group had chosen the Apollo Food Holdings Berhad which is listed on the main board of the Bursa Kuala Lumpur. Apollo Food Holdings Berhad is a Malaysia-based company engaged in investment holding and provision of management services. Its own subsidiaries are Apollo Food Industries (M) Sdn Bhd‚ which is engaged in manufacturing and trading in many compound such as chocolates‚ chocolate confectionery products and cakes. The company is manufacturing
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