objective was to maximize the firm’s cash position relative to the rest of the class. Using 50 days of historical data‚ the team reviewed re-order points‚ re-order quantity‚ capacity‚ lead times‚ and therefore contract terms. The team also weighed the cost of new machines against capital for inventory and interest rates‚ evaluating the return on investment and the impact a new machine had on lead times. Using this consideration set‚ team Honeybadgers purchased one tuning machine‚ one stuffing machine
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one-year project‚ answer the following questions. Recall that PV is the planned value‚ EV is the earned value‚ AC is the actual cost‚ and BAC is the budget at completion. PV ¼ $ 23‚000 EV ¼ $ 20‚000 AC ¼ $ 25‚000 BAC ¼ $ 120‚000 a. What is the cost variance‚ schedule variance‚ cost performance index (CPI)‚ and schedule performance index (SPI) for the project? Cost Variance = EV-AC = $20‚000 - $25‚000 = -$5‚000 Schedule Variance = EV-PV = $20‚000 - $25‚000 = -$3‚000 CPI = EV/AC = $20‚000/$25
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Analyze Overtime Cost and Hours. The task I was assigned consisted of compiling GPA’s overtime cost and hours by the divisions overseen by each Assistant General Manager (GM). The four divisions are the following: AGMO for operations‚ AGMA for administration‚ AGMET for engineering and technology‚ and the Chief Financial Officer division for the budget‚ accounting‚ and revenue assurance sections. After classifying the overtime cost and hours into their assigned divisions‚ I had to evaluate how much
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Cost Accounting Chapter Module-1 - Introduction to Cost Accounting Definition Cost: - Generally cost refers to all expenses incurred in producing a product or rendering service. But‚ from the cost accounting point of view “Cost is a normal sacrifice of resources in the creation of product or services”. Costing: - Costing is defined as “the technique and process of ascertaining cost of a given thing”. According to CIMA it is defined as “the establishment of budgets‚ standard‚ costs and
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Whole = Percent Expense Revenue = Expense % Profit Revenue = Profit % Desired Profit Revenue = Desired Profit % Revenue – (Food and Beverage Cost + Labor Cost + Other Expense) = Profit Food and Beverage Cost Revenue = Food and Beverage Cost % Labor Cost Revenue = Labor Cost % Other Expense Revenue = Other Expense % Total Expense Revenue = Total Expense % Profit Revenue = Profit % Actual
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to go wrong in the analysis of direct material and other direct costs and what could be done about it. The analysis of direct material and other direct costs and what could be done about it is that when a particular organization prepares for the budget in relation to the cost of direct material or direct labor then‚ it has to consider the inflation rate and the standard rates in the industry. In relation to the direct labor cost‚ the organization has to analyze of the industrial standard of the
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Publichttp://pfr.sagepub.com/ Finance Review Public Subsidies to Stadiums: Do the Costs Outweigh the Benefits? Daraius Irani Public Finance Review 1997 25: 238 DOI: 10.1177/109114219702500205 The online version of this article can be found at: http://pfr.sagepub.com/content/25/2/238 Published by: http://www.sagepublications.com Additional services and information for Public Finance Review can be found at: Email Alerts: http://pfr.sagepub.com/cgi/alerts Subscriptions: http://pfr
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show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50‚000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70‚000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40‚000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%. 203 Ignou what do you know about the census 2011? 79 SBI mccb service sittings be done? 104 Mr. A purchased a machinery costing
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indirect cost Direct cost- We can easy compare direct to fixed cost. They are very similar. Direct cost we can name this cost which are directly attributable to the sale of a product. Direct costs can be identified specifically with a particular sponsored project‚ or that can be directly assigned to such activity relatively easily with a high degree of accuracy.It is necessarily to good understand that cost shared expenditures are considered to be direct costs. We have 3 types of direct cost: • direct
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From the A12 redesign proposal‚ it shows that the current standard cost system is unable to link the reduction in the number of parts to activity reductions and cost savings. The labor-direct-based standard cost system reflects the cost of A12 is distorted. Using the ABC system‚ according to the activities of A12 allocate the overhead cost to A12 that could find that the current overhead cost of A12 was overstated by the standard cost system. At last‚ A12 Junction Box could be identified it is an attractive
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