Project Report #1 (Advanced Operation Research) Title : Production Planning Optimization Using Goal Programming Method I. Introduction Today many companies that produce herbs because in the future opportunities for the herbal industry is still wide open and the public mind back to nature and go green‚ so consumer more like the various products especially natural herbal medicine. Therefore‚ in order to survive in existing market competition‚ PT. NM are required to
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cost to each product since this is critically important not only for stock valuation and income determination but also increasingly for assessment of excise duty‚ transfer pricing etc‚ and also for divisional profitability etc. This study concentrates to explore the area not so much conceptually‚ but more as a practical guide to illustrate some of the methods adopted in practice by the manufactures’. The methods fall under two broad categories a) Market value basis and b) Physical measurement basis
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....... 5 6.3 SETUPS...................................................................................................... 6 6.3.1 Basic Assumptions: .............................................................................. 6 6.3.2 Periodic Costing Setup ......................................................................... 6 6.3.3 BOM STRUCTURE: ........................................................................... 9 6.3.4 WORK CENTRE STRUCTURE: ....................................
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summary of the different types of costs are some examples of how costs are used in different business applications. The two basic types of costs incurred by businesses are fixed and variable costs. Variable costs and fixed costs represent the total amount of costs for the company. This is important to know because the variable costs are going to determine how much we spend to make our company work as opposed to fixed costs which we have to pay anyway. * Fixed costs: are costs that will be the same
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Product Costing Module in ERP for L&T Kansbahal Works‚ Kansbhal‚ Orissa : A Case Study 1 Seema G. Bhol‚ 2Arun Mishra & 3Srikanta Patnaik Sambalpur University‚ Burla‚ Orissa‚ India‚ 2Head (IT Services)‚ L&T‚ Kansbhal‚ Orissa‚ India‚ 3 Department of Computer Science ITER ‚ SOA University ‚ Bhubaneswar‚ Orissa‚ India E-mail : guptaseema@hotmail.com‚ arun-kbl@kbl.ltindia.com‚ patnaik_srikanta@yahoo.co.in 1 Abstract - One need to be very accurate in what the products and services are costing. Inaccurate
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“Mobile Amusing Hub” Course: Introduction to Business (BUS 101) Sec: 6 Prepared for: Maruf Rahman Maxim Lecturer Department of Business Administration East West University Prepared By: Name ID Submission Date: 14th December‚ 2013 Letter of Transmittal December 14‚ 2013 Maruf Rahman Maxim Lecturer Department of Business Administration East
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Two-Variable Inequalities Kathleen Kent MAT 222 Week 2 Assignment Guillermo Alvarez September 22‚ 2014 Two-Variable Inequalities This week’s assignment will show how two-variable inequalities can be used in real-world scenarios by using independent and dependent variables. This week’s assignment will use graph representations and show how the two-variable inequalities can be incorporated into several problems to show how many of each item trucks can ship without going over
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EXAMPLE : USING MIXED METHOD: BOTH QUALITATIVE & QUANTITATIVE RESEARCH QuickStop Convenience Stores Background Once upon a time there was a successful line of convenience stores. We’ll call this group of stores "QuickStop". At some point a staff-member realised that QuickStop seemed to be patronised by many more men than women. This was passed along to the management team and they asked the store tellers to informally keep track of the proportions of men to women who came into their stores.
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National income is a measure of the total value of goods and services produced in a country over a given period‚ usually a year. Simply‚ it is the total amount of income earned by the citizens of a nation. The term national income normally refers to the Gross National Product (GNP) of a country in a given year. GNP is a measure of the total market value of final goods and services produced by all the citizens of a nation in a year. There are three main approaches to measuring National Income these
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of $18‚000 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $6‚000 and $3‚000 for materials‚ and charges of $4‚000 and $2‚000 for direct labor. From this information‚ it appears that the company is using a predetermined overhead rate‚ as a percentage of direct labor costs‚ of: A. 50% B. 200% C. 300% D. 20% 2. Job 607 was recently completed. The following data have been recorded on its job cost sheet: The company applies manufacturing
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