Objectives: ← To understand the meaning of standard costing‚ its meaning and definition ← To learn its advantages and limitations ← To learn how to set of standards and determinations ← To learn how to revise standards Introduction: Standard costing is a very practical and therefore widely used costing system‚ in businesses that make a range of products which‚ although different‚ pass through standard and repetitive processes and machinery. Standard cost is the estimated cost of material
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Principle of Health and Social care Practice Teacher: Joydeep Dutta Romaniuc Speranta Liliana Lo1 The word “principle” is coming out from Latin “principium” who means beginning‚ foundation. A principle is a law or a rule that has to be‚ or usually is to be followed‚ or can be desirably followed‚ or is an inevitable consequence of something. Many laws have been passed witch prohibit discrimination on the grounds of race‚ gender‚ sexual orientation or age disability.
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Accounting Standard Board Tracy L Duran ACC/541 February 23‚ 2015 Leslie Crews Accounting Standard Board Introduction Accounting was created thousand years ago. Many companies use accounting system to record‚ maintain and report‚ and analyze business financial transactions. Because managers and investors make their business decisions base on the Financial Statement‚ the information that obtained from the Financial Statement must be concise and reliability. Budgets and performance reports provide
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Guidance on the national occupational standards for supporting teaching and learning in schools National occupational standards for supporting teaching and learning in schools: unit titles and their elements The national occupational standards for supporting teaching and learning in schools (STL NOS) can be found on the national database of national occupational standards (www.ukstandards.org) or downloaded from the TDA website at www.tda.gov.uk/stlnosunits. Unit title Elements STL1
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Occupational standards are the first steps in gaining qualifications that identify the competence of an individuals capability to do there job in an efficient manner and produce the best work possible. There are specific targets/specific standards that must be met as part of there job role. Employees also must have an understanding of the job role they have undertaken as part of occupational standards. For employers to identify if and where training is required employees must demonstrate there capabilities
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What are the standards? Standards are documented agreements containing technical specifications or other precise criteria to be used consistently as rules‚ guidelines‚ or definitions of characteristics‚ to ensure that materials‚ products‚ processes and services are fit for their purpose. For example‚ the format of the credit cards‚ phone cards‚ and "smart" cards that have become commonplace is derived from an ISO International Standard. Adhering to the standard‚ which defines such features
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The question to ask is: ‘Why not use Standard English all the time?’ Language is a powerful communication tool the user holds to express their individual identity and ingroup solidarity. The use of Standard English helps to direct this‚ as it acts as the structure of communication‚ ingroup and between speech communities to effectively present a standard for mutual understanding. Outside of Standard English comes the use of slang‚ netspeak and textspeak‚ which helps to develop and enrich the language
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I ’ll be honest. Standard deviation is a more difficult concept than the others we ’ve covered. And unless you are writing for a specialized‚ professional audience‚ you ’ll probably never use the words "standard deviation" in a story. But that doesn ’t mean you should ignore this concept. The standard deviation is kind of the "mean of the mean‚" and often can help you find the story behind the data. To understand this concept‚ it can help to learn about what statisticians call normal distribution
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SEXUAL DOUBLE STANDARD . Society is known to treat men and women differently despite the equality that is supposed to exist between the sexes. While sexism and gender sensitivity was at its worst during the early eras‚ it still exists nowadays because of what is known as the double standard mentality. In the poem ‘Double Standard’ Harper presents various examples of this double standard mentality that exists in the late 1800’s. The poem focuses on sexual double standard which is more appropriately
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Cost and Variance Analysis. At the beginning of 2011‚ Jejemon Corporation adopted the following standards: Direct Materials (3 lbs. @ P2.50 / lb) P 7.50 Direct Labor (5 hours @ P7.50 / hr) 37.50 Factory Overhead: Variable (P3.00 per direct labor hour) 15.00 Fixed (P4.00 per direct labor hour) 20.00 Standard Cost per unit P 80.00 Normal volume per month is 40‚000 standard labor hours. Jejemon’s january budget was based on normal volume. During January Jejemon’s produced
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