ABC Costing Activity-based costing (ABC) is a special costing model that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each. This model assigns more indirect costs (overhead) into direct costs compared to conventional costing models. Aims of model With ABC‚ an organization can soundly estimate the cost elements of entire products and services. That may prepare decisions on
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Activity Based Costing can be defined as an accounting methodology that assigns costs to activities based on their use of resources‚ rather than products or services. This enables resources and other associated costs to be more accurately attributed to the products and the services which they use. It doesn’t change or eliminate any costs; it provides detailed information about how costs are consumed. (Online manager-net.com). Traditional cost accounting looks at what is spent‚ while ABC methods
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social construction of illness can help us to understand hypochondria by telling us what is this disease about and why it is developed. First‚ it may help us by telling us what are the causes of this disease and the main factors that influence in order to develop this kind of disease. Also it may help us by telling us if there is any social beliefs about this disease and how it may be seen by people. Then‚ social construction will help us
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Multiple Choice Questions 1. The NFL is able to customize their newsletter by _____. A) tracking what pieces are clicked on B) providing news about the individual fan’s favorite team C) matching the individual fan’s specific interests D) enabling fans to update their profile E) all of the above Answer: E Page: 637 Difficulty: moderate 2. Which of the following is NOT a possible outcome once a consumer is satisfied? A) committed customer B) discontinued use
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Costing a Garment Costing is the deciding factor for fixing of prices and the important thing to follow in all stages like purchase‚ production‚ marketing‚ sales‚ etc. Also updated knowledge about everything related to garments‚ is essential to make perfect costing. Costing includes all the activities like purchase of fabrics and accessories‚ processing and finishing of fabrics‚ sewing and packing of garments‚ transport and conveyance‚ shipping‚ over heads‚ banking charges and commissions‚ etc. We
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Jaynet spends $30‚000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer was for $110‚000 per year‚ and the other was for $80‚000. However‚ she turned both jobs down to continue a painting career. If Jaynet sells 25 paintings per year at a price of $8‚000 each: a. What are her accounting profits? Accounting profits are equal to the total amount of money taken in sales‚ income or/ and revenues minus the dollar cost of production
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ORDER-WINNING AND ORDER-QUALIFYING CRITERIA The terms "order winners" and "order qualifiers" were coined by Terry Hill‚ professor at the London Business School‚ and refer to the process of how internal operational capabilities are converted to criteria that may lead to competitive advantage and market success. In his writings‚ Hill emphasized the interactions and cooperation between operations and marketing. The operations people are responsible for providing the order-winning and order-qualifying
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(Ezekiel 18) and (Romans 5). I believe Ezekiel is revealing some of the greatest news which is we are only responsible for our own sin. This may seem odd but it’s the greatest news that we are not held accountable for our parents or our children’s sin. The central focus of Ezekiel 18 seems to be around Ezekiel’s statement in Ezekiel 18:20 NLT “The person who sins is the one who will die. This shows that we have a personal connection with our sins‚ which will cost us our life. Ezekiel goes on to
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E1. Summarise the factors which may influence the health and development of babies in the first year of their lives. Some of the main factors that influence the health and development of babies are: physical‚ emotional‚ social‚ economic‚ environment factors‚ parenting styles‚ surveillance programmes‚ health promotion and legislation. A factor before birth can be smoking‚ this can either be second-hand or direct but both can still effect the baby pre and postnatally‚ it can also account to 20-30%
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However‚ a staple customer value provider for fast food chains is consistency. Customers always know what they are getting whether they go to a Wendy’s in California or New York. Therefore‚ it is likely that the cost of disrupting that consistency in order to vary the price of chili with the cost would be too high to justify the increase in profits. 2. When ground beef prices increase‚ does the cost of making Wendy’s chili increase? If so should Wendy’s increase the selling price of its chili? Explain
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