Product Costing Module in ERP for L&T Kansbahal Works‚ Kansbhal‚ Orissa : A Case Study 1 Seema G. Bhol‚ 2Arun Mishra & 3Srikanta Patnaik Sambalpur University‚ Burla‚ Orissa‚ India‚ 2Head (IT Services)‚ L&T‚ Kansbhal‚ Orissa‚ India‚ 3 Department of Computer Science ITER ‚ SOA University ‚ Bhubaneswar‚ Orissa‚ India E-mail : guptaseema@hotmail.com‚ arun-kbl@kbl.ltindia.com‚ patnaik_srikanta@yahoo.co.in 1 Abstract - One need to be very accurate in what the products and services are costing. Inaccurate
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PROCESS COSTING-SINGLE DEPARTMENT INTRODUCTION In process costing system‚ a large number of homogenous products passed through several production departments where each department is responsible for one or more operations that bring a product one step closer to completion. In each department‚ materials‚ labor and overhead inputs may be needed and upon completion of a particular process‚ the partially completed goods are transferred to another process. SIMILARITIES AND DIFFERENCES OF JOB ORDER
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Competitive advantage therefore can be achieved by establishing cost leadership. The ultimate challenge faced by any company would be to leverage between the escalating operational costs and falling revenues so as to maximise the profits. Determine the costing procedure of an airline industry and the various possible efforts it takes to reduce the costs. The airline industry employs a trend and horizontal analysis to evaluate its performance and productivity. This industry can be categorised into international
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group project Chapter 18: Process Costing Abstract This paper identifies the key points on Process Costing. It covers over various topics like the flow of costs through a process costing system‚ how to calculate equivalent units of production for direct materials and conversion costs‚ the preparation of a production cost report‚ and how to prepare journal entries for a process costing system. Examples will also be shown on how process costing is used in the real world through
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STANDARD COSTING (VARIANCES) 1.1 Material costs variance = (Standard quantity x Standard Price) – (Actual quantity x Actual price) MCV = (SQ × SP) – (AQ × AP) 1.2 Material price variance = Actual quantity × (Standard price – Actual price) MPV = AQ × (SP – AP) 1.3 Material usage variance = Standard price (Standard quantity – Actual quantity) MUV = SP × (SQ –AQ) 1.4 Material cost variance = Material usage variance + Material price variance MCV = MUV + MPV 1. Material Variance Material usage
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Made to order‚ E style 1. What was Dell’s original strategy? Dell’s strategy is to sell directly to customer and build computer thru customer’s own specifications‚ which they made a dominant share on the market on made-to-order PC’s. This strategy also encompasses customer service which they entailed an ordering system through phone. These steps made by Dell are to make the customer comfortable. 2. Why is Dell losing the competitive edge of its original strategy? As technology arises‚ a
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Peace and ordeR is an occurrence of harmony characterized by the lack of violence‚ conflict behaviors and the freedom from fear of violence. Commonly understood as the absence of hostility and retribution‚ peace also suggest sincere attempts at reconciliation. Peace is usually the period in which there is now war or any other kind of hostilities. It refers to the moment in life where people enjoy freedom from chaos and disagreements which is marked by harmonious relationships between people Dugan
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Sigmeund Freud was the first psychotherapist to say: "a child’s position in the sequence of brother and sisters is of very great significance for one course of his later life" (Richardson 12). One’s birth order position (whether born first‚ second‚ last‚ etc.)‚ one’s sex (male or female)‚ and the sex of one’s siblings affects the kind of person one becomes. People often say they can’t understand "how people from the same family can be so different". What they do not realize is that each sibling
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Birth Order It is a commonly known fact that not all children are the same‚ not even close. But at the same time‚ children follow distinct patterns based on where they are in their family ’s birth order. The only child‚ the first child‚ the middle‚ and the last all have distinct traits that can fit into each family. Not every child fits into every single characteristic‚ but virtually everyone can relate in some way or another. Many psychologists have argued that birth order is nothing but a
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Letter of Order Philippine Overseas resources agency 1199 Roxas Boulevard‚ Malate‚ Manila October 19‚ 2014 Taurus supplies incorporated 334Juan Luna‚ Binondo‚ Manila Dear Mr. Dustin Jared Dela Cruz Thank you for sending your catalog so promptly. It arrived within a few days of my request. Please send me the following items by parcel post: 5 boxes of bond paper‚ Price of 1 box at P500 5 boxes of short folders‚ Price of 1 box at P650 2 boxes of ballpoint pen Price of 1 box at P150 Total P 6050
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