Introduction This assignment focuses on the cost functions of the Dutch Railways. In this tutorial will be an estimated cost function developed for the Nederlandse Spoorwegen (NS). This cost function (expressed in Dutch Guilders) is based on the period of Year 1951 till Year 1993. This due to certain developments that made it more difficult to come to a good approach of a cost function. Based on the cost function‚ developed in this tutorial‚ there will be an answer provided on the question whether
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Factory Office 1‚500 500Rent Factory Office 5‚000 2‚500Commission to Salesman 1‚250Advertising 1‚250Income Tax 10‚000 Sales1‚89‚500Q1. Prepare the cost sheet Q 2 Prepare a cost sheet for the year ended March 31‚2009 Stock of finished goods ( April 1‚ 2008) 6‚000Stock of raw materials (April 1‚ 2008) 40‚000Work in Progress (April 1‚ 2008) 15‚000Purchase of raw Material 4‚75‚000Carriage inwards 12‚500Factory rent
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business control systems are: Capital Cost this is physical items and property. It is includes anything with life of three years and over. For example this can be lands/buildings‚ Vehicles‚ computers and other equipments. Revenue Costs this covers the costs of day-to day running the business. For example‚ fuels and maintenance of vehicles and equipments. it could also include salaries‚ advertising and promotion materials‚ and insurance. Indirect Cost this is the cost that directly invested or attributed
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Allocate joint product costs according to the benefits-received approaches and the relative market value approaches. 3. Describe methods of accounting for by-products. 4. Explain why joint cost allocations may be misleading in management decision making. 5. Discuss why joint production is seldom found in service industries. This chapter describes the joint production processes and their outputs—joint products and by-products. Several methods are developed to allocate joint costs to joint products
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Chapter 5 125. The process of forecasting or approximating the time and cost of completing project deliverables is called A. Budgeting B. Predicting C. Estimating D. Planning E. Guesstimating Gray - Chapter 05 #1 Level: Easy difficulty: EMPTY learning objective: EMPTY refer to: EMPTY reference: EMPTY scrambling: EMPTY 126. In practice‚ estimating processes are frequently classified as A. Top down/bottom up B. Rough/polished C. Precise/order of magnitude D. Draft/final
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Introduction The cost of health care in Trinidad and Tobago in steadily increasing according to the Budget Highlights 2011/2012‚ $4.7 billion dollars is to be projected for Health Care. As a Registered Nurse working in the health care institutions of Trinidad and Tobago‚ as discussed in Ellis and Hartley 2010‚ you are expected to understand the issues surrounding cost and become an active participant in managing health care resources. This health care resource comprises buildings‚ equipment‚ supplies
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COST CONTROL INTRODUCTION In our business every decision taken will be reflected in final results. That is why‚ as every area in a restaurant is related‚ we must pay special attention on implementing a structure according to the organization’s features to make sure it is profitable. Running a restaurant requires a set of procedures to optimize resources in order to obtain an economic benefit while satisfying our customers’ needs. We have to develop this administrative procedures through
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level Q total variable cost is:Answer Selected Answer: 0BEQ. Correct Answer: 0BEQ. Question 11 1 out of 1 points Answer the question on the basis of the following cost data:Refer to the above data. The total variable cost of producing 5 units is:Answer Selected Answer: $37. Correct Answer: $37. Question 12 1 out of 1 points Answer the question on the basis of the following cost data:Refer to the above data. The average total cost of producing 3 units
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6 Q.No.6 7 Summary: 8 Introduction Cost Management delivers concise articles‚ experienced-based columns and case studies to evaluate how your present investment justification criteria and methods compare with those of other organizations‚ Learn about changing cost management methods and techniques and how they can be used to improve your company’s decision making in this assignment we going to workout calculate and try to find out different costs of company. In this assignment we going to
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Nedam Engineering Ing. C. (Kees) Vermeij Head of estimation Ballast Nedam Infra Projecten Abstract Companies are starting to use Building Information Models (BIMs) for cost estimation purposes. This BIM-based estimating enables estimators to quickly and accurately extract quantities and estimate construction costs‚ potentially leading to a better estimate. In projects that are more complex however‚ acquiring an accurate estimate requires more effort‚ because complexity features influence
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