Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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Harvey Norman Annual Report 2011 Holdings Limited Annual Report 2011 COMPANY INFORMATION ABN 54 003 237 545 ANNUAL REPORT YEAR ENDED 30 JUNE 2011 Key Dates 30 August 2011 4 November 2011 29 November 2011 Announcement of Full Year Profit to 30 June 2011 Announcement of Final 2011 Dividend Record date for determining entitlement to Final 2011 Dividend Annual General Meeting of Shareholders The Annual General Meeting of the Shareholders of Harvey Norman Holdings Limited will be held
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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Experts in nutrition consider liquid vitamins to be a remarkable breakthrough in the domain. This is one of the reasons which may explain the lately outburst of liquid supplement advertising. But what makes liquid vitamins better than their pill equivalents? First and foremost‚ it is a matter of absorption. The liquids are chewable tablets which are being absorbed quicker by the body. It is estimated that the absorption
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6% (b) 19%? 4. Suppose you open a saving account with $1‚800 earned in a summer job. The account’s stated interest rate is 11%. Calculate effective annual rate (EAR) if interest is paid (a) semiannually‚ (b) quarterly‚ (c) monthly and (d) daily. 5. You can buy a security at a price of $10‚250. If you buy the security‚ you will receive five annual payments of $2‚500‚ the first payment to be made one year from today. What rate of return‚ or yield‚ does the security offer? 6. A bank agrees to lend
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PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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BOARD OF DIRECTORS Ashok M Advani Executive Chairman CORPORATE MANAGEMENT Ashok M Advani Executive Chairman Suneel M Advani Vice Chairman & Managing Director Suneel M Advani Vice Chairman & Managing Director Satish Jamdar Managing Director Satish Jamdar Managing Director Vir S Advani Executive Director Vir S Advani Executive Director Shailesh Haribhakti Pradeep Mallick Gurdeep Singh Suresh N Talwar Avinash Pandit President - Electro Mechanical Projects Group
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