Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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The Dangers of Direct to Consumer Ads An American citizen would find it difficult to settle in and watch television programming that does not include multiple advertisements for this‚ that‚ or the other‚ prescription drug. Some might say why not‚ prescription medication is a product like anything else. The answer lies‚ quite simply‚ in the overwhelming negative effects of Big Pharmas’ direct to consumer advertising. Given these overwhelming
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OVERHEAD COSTS ACCOUNTING Overheads are indirect costs which can not directly be traced to cost units. The task of the cost accountant is to charge these overhead costs to cost units/products. There are two approaches of charging overhead costs to cost units Viz i. Traditional/conventional absorption costing method and‚ ii. Activity Based Costing (ABC) Classification of overheads Overheads can be classified as production or non production overheads. Production overheads are those incurred
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Assignment: Fixed cost Dora McKinney Hsm/260 Week 4 Instructor: Greg O’Donnell Fixed Costs‚ Variable Costs‚ and Break-Even Point Exercise 10.1 Month Meals Served Total Costs July 3‚500 $20‚500 Low August 4‚000 22‚600 September 4‚200 23‚350 October 4‚600 24‚500 November
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Polytechnic University of the Philippines Sto. Tomas Branch Two Facets of Marketing: Direct and Online Direct and online marketing are two marketing strategies which gain popularity among costumers and motivations for business owners to engage in for various reasons. In partial fulfillment of the requirements in ENGL 1023 Writing in the Discipline Submitted by: Barba‚ Zaren Morel L. Capuchino‚ Julie Ann M. Maranan‚ Richelle O. Maralit‚ Anna Camille O. Porto‚ Mariela D. Zapanta‚ Lora Mae A. Submitted
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am going to critic‚ evaluate and analyse direct payments and the implications they have had on social work practice. The Direct Payments Act 1996 enabled local authorities to offer cash in lieu of social services. They were introduced for adults of working age in April 2007 and extended to include older disabled people in 2000. Since April 2001 direct payments have also been available to parents of disabled children‚ 16 and 17 years and carers. Direct Payments have also been extended to people
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Opportunity Cost Scarcity of resources is one of the more basic concepts of economics. Scarcity necessitates trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up (the next best alternative) as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost contrasts to accounting cost in
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signs of decreasing in several countries. Around 13 million hectares of forest were converted to other uses or lost through natural causes each year in the last decade. At a regional level‚ South America suffered the largest net loss of forests between 2000 and 2010 – about 4.0 million hectares per year – followed by Africa‚ which lost3.4 million hectares annually (Figure 5). Oceania also reported a net loss of forest (about 700 000 ha per year over the period 2000–2010)‚ mainly due to large losses
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Cost Allocation University of Phoenix Accounting in Healthcare ACC561 December 12‚ 2010 Cost Allocation Transfer Pricing [pic] [pic] Transfer pricing is a value attached to the output of a department to measure the value of the trade with other departments within the organization. Transfer prices will not affect the organization’s profit results. This contributes directly to the process of departmental performance measurement and indirectly to the measurement of a product
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Chapter 2 – The Cost Function * A cost object is a thing or activity for which we measure costs. Cost objects include such things as individual products‚ product lines‚ projects‚ customers‚ departments‚ and even the entire company. * Direct cost: a cost that can be directly traced to a cost object and is incurred for the benefit of a particular cost object * Indirect cost: a cost that is incurred for the benefit of more than one cost object and therefore cannot be easily and economically
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