"Explain the classification of cost" Essays and Research Papers

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    Laundry Chaos I usually do most of my laundry on Saturday and when I do I have to be very particular in how I put away my clothes in order to have enough space. I organize my clothing into three categories: closet clothes‚ dresser clothes‚ and miscellaneous apparel. I have to be careful that I do not put to many clothes in any category so that I utilize my space effectively. When I fold pull my clothes out of the dryer I first look for the closet clothes. This includes jeans‚ slacks‚ dress

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    Pygmy Marmoset Classifications - CLASS: Mammalia KINGDOM: Animal ORDER: Primata FAMILY: Calithrichidae GENUS: Calithrix PHYLUM: Chordate Appearance - Pygmy Marmosets general appearance can vary in many colours. Pygmy Marmosets have very cute bushy brown fur‚ spotted with lighter and darker shades. Their back is generally grey to black with tawny brown. Their tail is ringed with tawny and black and can’t be used to grab branches or anything. The monkey’s forelimbs are shorter than

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    following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing

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    Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making

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    Concept of Cost

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    COST CLASSIFICATION CONCEPT OF COST: DEFINITION: A SACRIFICE OR GIVING UP OF RESOURCES FOR A PARTICULAR PURPOSE FREQUENTLY MEASURED BY THE MONETARY UNITS (RUPEES‚ DOLLARS) THAT MUST BE PAID FOR GOODS AND SERVICES . ➢ EMPHASIS ON COST INFORMATION: MANAGEMENT ACCOUNTANTS PAY A LOT OF ATTENTION TO COSTS BECAUSE COST HAVE A VITAL ROLE TO PLAY IN PLANNING ‚ EVALUATING AND DECISION MAKING. FOR EXAMPLE IN PLANNING THE ROUTE AND FLIGHT SCHEDULES THE MANAGER OF AN AIR LINE MUST CONSIDER

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    Cost and Activities

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    activities; c. Productive activities‚ such as finished goods transportation‚ storage‚ customer contact‚ order processing‚ etc. d. Sales activities to let customers understand and buying of goods‚ such as advertising‚ promotion‚ marketing agency costs‚ etc; e. Service activities‚ including training‚ repair‚ maintenance‚ components renewal etc‚ aiming at improving the added value of products. Auxiliary activities: a. Procurement activities‚ to refer to the purchase of used in enterprise value

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    Cost Accounting

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    Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to

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    Classifications of the Hybrid Electric Vehicles: The hybrid electric vehicles (HEV) are the special types of vehicles that make use of two things together‚ i.e. conventional internal combustion engine (ICE) and an electric propulsion system‚ which together help in achieving fuel efficiency as compared to any other vehicle. The degree of efficiency and improvement provided by the HEVs depend on the degree and the type of propulsion systems they make use of. The engineers have succeeded in adding

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    Abundo‚ Marie Rose R. Eco 2a/ B2F/5338 2nd/BSBA-FM Prof. Micheal Noel 1.) What is GNP? GNP (Gross National Product) is the market value of all final goods and services produced during a given period by factor of production owned by a country’s citizen‚ regardless of where the output is produced. For most countries‚ the difference between GDP and GNP is small. (Case & Fair‚ 2007) The market value of all final goods and services produced during a given period measures both

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    Celyna Burgess Ms. Binder HTOW 13 October 2013 Eenei Meeni Miney Moe‚ Pick a Blogger‚ There You Go! A 16 year old girl sat crisscross on her polka dotted bed‚ bored and alone. Her laptop balanced gracefully on her jean covered legs‚ displaying an empty Internet Explorer tab mocking her. Her mind wandered to a conversation at lunch‚ a heated discussion about who had the most followers on a blue colored site called Tumblr. She wondered to herself what it was like on Tumblr and hardly noticed

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