Content Sr no : Name 1. : Meaning and Introduction of Standard costing 2. : CIMA { } 3. : Advantages of Standard costing 4. : Limitation of standard costing 5. : Types of standard costing 6. : Examples of standard costing 7. : Variance analysis 8. : Types of analysis 9. : Refferences 10. : Conclusion Standard Costing and Variance Analysis Introduction MEANING
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indirectly. Based on utility‚ the classification of costs can be direct and indirect costs; controllable and uncontrollable costs; fixed‚ variable and semi-variable costs; differential incremental or decremental costs; opportunity costs etc. In the managerial decision making process‚ each classification has its own importance. Many costing techniques evolved in due course of time to ascertain the costs of above elements and to facilitate the control of the cost of the product. The main costing techniques
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Unit 4DEP (HR) Activity 1.1 Summary of the CIPD HR Profession Map The HRPM is a visual illustration of the activities‚ skills and behaviours required to be effective in an HR role. It based on information and best practice shared globally by HR professionals. Many organisations around the world now use it to benchmark their HR capability. The map is designed as follows: At the core of the HRPM are two crucial areas: Strategy‚ Insights & Solutions Develop an understanding of
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1. (TCO A) Wages paid to the factory supply shop foreman are considered an example of: (Points: 5) Direct Labor - yes‚ Period Cost - yes Direct Labor - yes‚ Period Cost - No Direct Labor - no ‚ Period Cost - yes Direct Labor - no ‚ Period Cost - no 2. (TCO A) Rent on a manufacturing plant is an element of: (Points: 5) Conversion cost - yes‚ period cost - no Conversion cost - yes‚ period cost - yes Conversion cost - no‚ period
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Activity #1 (2 or more errors will result in 3 points) Identify whether each item would appear on the balance sheet (BS) or the income statement (IS) Cash Equipment Rent Expense Insurance Expense Accounts Receivable Supplies Expense Unearned Revenue Supplies Sales Revenue Retained Earnings Identify each item as an “Asset”‚ “Liability” or “Equity”
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Activity No. 1 Components of a Computer Course Code: CPE001 Program: BSIE Course Title: Computer Fundamentals Date Performed: November 20‚ 2014 Name: Manansala‚ John Kevin F. Date Submitted: November 27‚ 2014 Section: ES11FAI Instructor: 1. Objective(s): The activity aims to introduce the different components of a computer system. 2. Intended Learning Outcomes (ILOs): The students shall be able to: 2.1 Differentiate each component of a computer system. 2.2 Set-up and operate a standard
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English Homework November 1‚ 2012 Personal Essay Topic- If I Could Change the World If I could change the world I would get rid of cancer‚ drugs/alcohol‚ and cheaters. I have personal reasons for this list‚ and not so personal reasons. First‚ I would get rid of cancer because it hurts a lot of people. People everyday suffer from cancer‚ not only the people dealing with it themselves but families too. Some people don’t even know that they have cancer‚ and then it takes them away from their
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MANAGEMENT ACCOUNTING: COSTING AND BUDGETING ------------------------------------------------- Amaya Gamage BM/C/43/32 SUBMITTED TO: Mr. Anuruddha Yapa 30.07.2012 Acknowledgement I would like to express my sincere gratitude to those who helped me to finish this project on Costing and Budgeting. I have taken a lot of effort in finishing this assignment successfully. I express my heartfelt gratitude especially to our lecturer of Management Accounting: Costing and Budgeting module
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Topic: Product costing Ningbo lecturer: Ms. Huang HuiQin – E: huanghuiqin@nbu.edu.cn – P: 86-574-87600960 Student: Lê Uyên Phương (Phoebe) – E: leuyenphuongvn@yahoo.com – P: 86-15 757 829 310 Student ID: 1211125031 NBU Intake 12‚ 2012 Required: Examine the literature to identify the different perspectives on how a product’s cost may be formulated. Assess the strengths and weaknesses of the various approaches to product costing that have been proposed
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http://www.wsws.org/articles/2010/feb2010/pilo-f22.shtml The Lufthansa management now regards the commitment it made in 1992 as outdated. The decline in ticket prices means that planes with 50 or 70 seats are no longer profitable‚ and consequently the company wants to purchase aircraft with 95 and 110 seats from manufacturers Bombardier and Embraer and fly them using lower-paid pilots from Lufthansa subsidiaries. The pilots’ union fears that this will gradually undermine all prevailing collective
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