PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000
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Justina ford inspired me and an insane amount of others related to an African American woman to follow her dreams of being a doctor or whatever they dream of accomplishing. Also‚ she taught me to try even if there are obstacles trying to stop you . I am not African American or a woman so it would be easier for a man to work up to this kind of job‚ but this shows that women around the world are trying their hardest to accomplish an accomplishment no one else could think of achieving and to me that
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5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. 1. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves Graph AFC‚ AVC‚ ATC‚ and MC. Explain the derivation and shape of each
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The book was about a young African American girl that was raped and almost killed by two white men. It all start in Ford Country when Billy Ray Cobb and Willard take turns rapping the young African American girl. Billy Ray Cobb has a history of doing time in jail and being knew as a violent person. Willard was Billy Cobb good friend and a little slow in the head. He didn’t have much of a criminal record other than a couple of drunk fights. They both were drunk and doing drugs while they did this
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CASE STUDY: FORD PINTO The case over here is that of Pinto a car launched by Ford motor company. The Ford Pinto is a subcompact car produced by the Ford Motor Company for the model years 1971–1980. The car’s name derives from the Pinto horse. Initially offered as a two-door sedan‚ Ford offered "Runabout" hatchback and wagon models the following year‚ competing in the U.S market with the AMC Gremlin and Chevrolet Vega‚ as well as imported cars from Volkswagen‚ Datsun ‚ and Toyota. By January 1971
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Running Head: ENGINEERING Engineering Issues and the Ford Pinto Major Walker‚ III Troy University The Ford Pinto was first introduced to the North American market in 1970. The Pinto was introduced primarily to compete in the small car market with where Volkswagen dominated. The way the Ford Pinto was designed tragically left rear-ends accidents up in flames. This is because the gas tank was positioned in between
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Contrast Two Leaders Assignment Topic: Leadership Abstract With the advent of networking‚ collectivization and team working‚ leadership has become a widely discussed topic in the world at the present time. No matter in the field of politics or economy‚ enterprises or small business‚ or south or north‚ leadership has already been accepted as a core quality‚ individually and generally. This essay is expected to analyze the qualities of good leadership‚ aims to identify and account for the most
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Standards to Evaluate goals: I have a lot of critical success factors to evaluate the Ford Motors goals and ensure that it gets accomplished. Some of standards are financial and others are non-financial and some of them are quantitative and others qualitative in nature. I have judged the performance goals with at least these three standards; 2.1 Profitability and Growth: Profitability is vital to success for Ford Motors. A profitable business pays interest to lenders‚ tax to authority and dividend
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