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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Nida Khan Piyush Soni MBA(FT) Semester II Batch 2012 - 2014 INTRODUCTION Online shopping is the process of buying products through internet without going to store or shop’s location physically. Here people use their credit/debit or other bank card for payment.The Internet has undoubtedly changed how people go about their daily
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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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Little by little the internet and technology are expanding to incorporate more aspects of our daily lives. The expansion is so vast‚ one can now do just about anything online. On line advances has no doubt positively contributed to businesses‚ education‚ communication‚ and quality of life in general‚ but when does one draw the line? Healthcare is a very serious subject because it deals with people’s lives and well being. Potential problems that may arise from it are not monetary‚ like those involved
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Worth A Shot A bead of sweat rolls down my neck as I take a deep breath and position myself in front of the goal. I look from the soccer ball to the goal and back to the ball again‚ deciding if I should take the shot. In a split second‚ I must decide. Through hastened process analysis‚ I elect to drop the ball back to an awaiting teammate‚ a calculated risk‚ but – tragedy- the other team intercepts and takes possession of the ball‚ losing my team’s chance to score. During a lecture on not doubting
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can be based on organisation’s cost of capital. The weighted average cost of capital is the overall required return on the firm as a whole and‚ as such‚ it is often used internally by company directors to determine the economic feasibility of expansionary opportunities and mergers. It is the appropriate discount rate to use for cash flows with risk that is similar to that of the overall firm. 13.26 1. WACC = (After tax cost of debt capital*market value of debt + cost of equity capital*market value
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My identity began from the moment I was named‚ my parents gave me the name Victoria because I am their victory‚ their only child. Throughout my life I have competed‚ whether it be through a sports night or at a dance convention I have always really tried to make my participation in an event something more than just arriving. At times in my life thus far I have realized things don’t always happen the way I want them too‚ and I may not always come out on top but if I have gained experience or learned
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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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events‚ spa and an in-house restaurant. The cost and quality of hotel & resorts are usually indicative of the range and type of services available. Due to the enormous increase in tourism worldwide during the last decades of the 20th century‚ standards especially those of smaller establishments have improve considerably. Today‚ many systems have used an automation process like using online computer system‚ due to the efficiency and accuracy. “Online Inquiry and Resort Reservation System” is a
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