Lesson-13 Elements of Cost and Cost Sheet Learning Objectives • • • To understand the elements of cost To classify overheads on different bases To prepare a cost sheet Elements of Cost Raw materials are converted into finished products by a manufacturing concern with the help of labor‚ plants etc. The elements that constitute the cost of manufacturing are known as elements of cost. The elements of cost include the following: • • • Material Labor Expenses Each of these elements is again subdivided
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by which the concern is able to define the role positions‚ the jobs related and the co- ordination between authority and responsibility. Hence‚ a manager always has to organize in order to get results. Elements of Organizing A manager performs organizing function with the help of following elements:- 1. Identification of activities - All the activities which have to be performed in a concern have to be identified first. For example‚ preparation of accounts‚ making sales‚ record keeping‚ quality
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$Marketing mix is a marketing tool that is uses by the organization to fulfill its target customers and achieve its organizational goals. Marketing tools are classified under these four encompassing categories. * product * Price * Place ( distribution) * Promotion These elements are the basic elements of marketing plan and overall it is known as 4P ’s. (marketing mix‚ 2009) These 4 Ps are the parameters through which the marketing management can control internal and external constraints
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Elements of Persuasion Persuasion has been defined as “the process by which a message induces change in beliefs‚ attitudes‚ or behaviors” (Myers‚ 2010‚ p. 230). Utilizing the elements of persuasion are important when searching for effective ways to reach a given audience. Educating individuals about domestic violence and the affects it can have can be beneficial in many ways and communicating the message can be accomplished using a variety of methods. One of the largest misconceptions is
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Short stories came into the literature world as brief‚ single sitting stories‚ yet containing an exclusively developed subject. A short story is packed with descriptive details that form together to grab the reader’s attention in a short amount of time. The authors indulge in rich details to create the narrative into a jaw dropping meaning story from the beginning to the ending. The author begins with constructing the story with the building blocks of literary devices. Short story authors apply the
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the lab. It should include the name of the element (or unknown) examined and the color of the observed flame Identify each unknown from Part One of the lab and briefly explain why you identified each unknown as you did. The first unknown element sodium knew it was because she got yellow and each element corresponded a unique color. The second element potassium knew it was because I acquired a blue color‚ in the experiment verified that each element corresponded to a different color. Part
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Considering the elements of microeconomics‚ create a list of three (3) best practices that would benefit any small business or start-up. Explain your rationale. The element of microeconomics is every business endeavor is an exchange between a buyer and a seller. Understanding the factors that determine demand and supply is the first best practice that would benefit a small business startup. The demand reflects the willingness and ability of buyers to purchase goods and services at different prices
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Elements of Crime Team D CJA/224 Professor Martin November 20‚ 2011 Elements of Crime Throughout this paper we are going to cover several key elements of crime. We are going to look how the elements of a crime apply to the overall criminal procedure process and how we can improve the understanding of criminal elements. Then we are going to cover what are the various legal defenses which are used and how does each of these defenses apply when in court and the overall criminal procedure
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The seven elements and various claims for its discovery reveal many of the nationalistic traits that we have seen in the case of other elements‚ most notably the controversy surrounding the discovery of hafnium‚ element 72. But element 85 gives our study a greater depth than has yet been revealed by the already covered elements. What this story shows is that the nationalistic prejudices persist to this day in many respects and that the identity of the “discoverer” of the element very much depends
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The Preamble is the basic concepts and understanding of the Constitution. The Preamble has five key points which are Establish Justice‚ Insure Domestic Tranquility‚ Common Defense‚ General Welfare and Secure Blessing of Liberty to Ourselves and Prosperity. Each point meets the government’s purpose of the fathers. Establish Justice means that every man is made equal. Each man is made equal because once you are 18 as long as you’re a citizen of the United States you have the right to vote. Establish
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