Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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Close this window | Chapter 1 Glossary | | | Key Term | Definition | Page | adaptive | An adaptive method typically uses a spiral development model‚ which builds on a series of iterations. | 20 | application development group | Group within a traditional IT department that is composed of systems analysts and programmers who handle information system design‚ development‚ and implementation. | 26 | application software | Software such as e-mail‚ word processors‚ spreadsheets‚ and graphics packages
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RESOURCE ALLOCATION Resource allocation refers to the distribution of resources‚ and in particular finance‚ from the centre to peripheral levels. It generally concerns broad levels of aggregated financial resources. Budgeting implies the more detailed determination of precisely how these funds are to be used. Given the importance we have placed on planning as a process that leads to action‚ budgeting and resource allocation are major planning instruments. Basis for Resource Allocation * Public
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labour competencies inherent in a productive function. Such function may be defined at the level of an occupational sector‚ an enterprise‚ a group of enterprises or a whole sector of production or services. Functional analysis may be developed with different initial levels: an occupational sector (hotel); mainstream occupations at various sectors (occupational safety and health); or an occupation (PC repairman). It is thus evident the flexibility of functional analysis. Although it was designed as a wide-scale
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Scenario 1 My recommendations for Sarah’s Flower Designs would include a workstation‚ a personal digital assistant‚ and a solid state storage device or compact disk (CD) recordable drive. I would consider updating their current computer system into a small workstation. According to Axia College Week One reading Computer Hardware Technologies (2008)‚ “Computer companies design workstations for a specific purpose‚ such as developing architectural blueprints or processing DNA” (p. 54). This workstation
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Your rating: None Family as Social Institution Each Society has some basic needs which has to be satisfied for better day to day life. Social institutions are a medium like as social moulds which are established for carring out basic functions and help to established collective image of behavior. This institutions come in to existence for satisfying needs of an individual. Even though every institution carries out certain specific function‚ It is not entirely independent. There is interdependants
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Human errors in relation with Human-machine interface and Occupational Safety and health in Manufacturing Industry * Ramanathan Muthukaruppan 1. Introduction: The use of complex machines and systems has been ever increasing in all sectors‚ especially in manufacturing sector. Most of the industries go for rapid upgrades in production technology to face the global competition. Particularly‚ manufacturing machines in metal industry is affected by increasing complexity and increase in use
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The Unified Modeling language (UML) was released by the Object Management Group (OMG) in the effort to provide a standardized design language to build and develop computer applications. The purpose of the design language is to allow IT professionals to distribute system structure and design plans in a comprehensible graphical manner‚ similar to blueprints of a building. Modeling is an important part of software projects‚ large and small. With modeling‚ the software development team are better
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engineering @ SP ET1202 FUNDAMENTALS OF COMPUTER & INFORMATION SYSTEMS (Version 1.2) School of Electrical & Electronic Engineering Engineering @ SP Our mission is to educate and nurture our students to excel in work and in life‚ and to equip adult learners with skills and knowledge to enhance their employability We aspire to be a leading institution that prepares our students to be work ready‚ life ready and world ready The SP CORE Values Self-discipline Personal Integrity Care & Concern
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Functional Roles of Human Resources One of the most important departments in a company is the human resources department. This department is charged with finding‚ screening‚ recruiting‚ and training job applicants‚ as well as administering employee-benefit programs. As companies reorganize to gain competitive edge‚ human resources play a key role in helping companies deal with a fast-changing competitive environment and the greater demand for quality employees. The purpose of this paper is to describe
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