raw materials) holds 1 job (finished goods) Departures at rate R Arrivals at rate R Interarrival time = a =1/R Inventory = Iq Time in queue = Tq Utilization =u=R/c=Rp Actual u cannot exceed 1. If a calculation yields u > 1‚ it is called ‘implied utilization’. (The calculation may imply u > 1‚ but this is not possible.) Slide ‹#› Slide ‹#› Multiple (m) Processors‚ one job type Processors Inventory Inventory (queue of raw materials) (1 job each) (finished goods) (queue of raw materials)
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Meaning of cost ‘COST’ represents a sacrifice of values‚ a foregoing or a release of something of value. It is the price of economic resources used as a result of producing or doing the thing costed. It is the amount of expenditure incurred on a given thing. Cost has been defined as the amount measured in money or cash expended or other property transferred‚ capital stock issued‚ services performed or a liability incurred in consideration of goods or services received or to be received. CLASSIFICATION
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Green Bay‚ Wisconsin‚ home to just over 100‚000 people is the smallest market in any major sports league in the United States. Dubbed in the mid-sixties as “Title town‚ USA”‚ Green Bay is the proud home of the National Football League’s Green Bay Packers. Such a small town allows for many unique experiences. Only in Green Bay will you see a professional football player riding the bike of a six-year-old to the Clark Hinkle practice field. The team’s helmet is also present on the official city flag
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a single 500‚000 square foot building complex. Laramie buys copper rod and plastic materials to produce insulated copper wiring. The building complex is composed of 3% office space‚ 57% production area‚ 15% shipping and receiving area‚ and 25% finished goods and raw materials inventory warehousing area. Laramie produces several different types and gauges of insulated copper wire. All the different products Laramie manufactures use the same raw materials‚ meaning raw material inventory is stored
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thought-provoking....? What do you think about the main character(s)? Write a few sentences about your impressions so far. Which aspect will you analyze further in your literary analysis? Have you formulated your thesis statement yet? You need to have finished the novel soon. In Uppdrag 4 you must present your analysis. For more information about how to structure a literary analysis‚ Novel : the beach by Alex Garland How are you getting on with the reading of your chosen novel? Do you find it funny
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Assignment One S2 2012 1. The service department cost allocation method that completely ignores reciprocal services between service departments is called the: Answer Selected Answer: direct method. 2. In order to have a high-quality finished product: Answer Selected Answer: the product’s design specifications must meet customers’ expectations AND the product must meet the standards of its design. 3. The ‘direct method’ ignores the fact that: Answer Selected Answer:
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Appropriate level of inventory TYPES OF INVENTORY The general categories of inventories include: * Raw Materials Inventory * Work – in – Process Inventory * Finished Goods Inventory Raw Materials Inventory * These are items purchased and used as primary inputs in the production of finished products. * It gives the firm flexibility in purchasing; buying does not have to be geared directly to production. * Consists of basic materials purchased from other firms
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ABC Costing assigns cost from cost centers to the product -Best in a multi product firm‚ where there are different volumes Absorption Costing A simplified view of Production: Introduce Raw Materials Manufacture Product Store finished goods Sell Finished Goods 1. Direct materials 2. Direct labor 3. Production process are purchased applied to completed 4 Direct materials product 5. Goods are shipped are placed into 6. Overhead costs for sale production are incurred Absorption Costing
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SYLLABUS Cambridge International AS and A Level Media Studies 9607 For examination in June and November 2015 Cambridge Advanced Acknowledgement This syllabus is an adaptation of OCR’s GCE Media Studies specification. We are grateful to OCR for permission to draw on their specification. Cambridge International Examinations retains the copyright on all its publications. Registered Centres are permitted to copy material from this booklet for their own internal use. However‚ we cannot
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School of Accounting ACCT 1511: Accounting and Financial Management 1B Summer Session‚ 2012 Lecture Materials for Classes 10 -12 Management Accounting 10. Management Accounting: Review 11. Costing Systems 12. Budgeting for Planning and Control Student Handout Lecturer: Nicole Ang Website: http://lms-blackboard.telt.unsw.edu.au/webapps/portal/frameset.jsp 1 School of Accounting ACCT 1511: Accounting and Financial Management 1B Summer Session‚ 2012 Class 10 Review of Introduction to
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