different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in
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Mrs. Karen M. Lampert April‚ 22‚ 2013 English 1C: Critical thinking and writing. Essay # 4. Truth: Women are better drivers. Women have the reputation of being worse drivers than men. Some say that women’s driving is linked to their hormones‚ or they look too much in the mirror‚ or that they put make up while driving. Others believe that women are bad drivers because they text at the same time as driving‚ or they think too much about everything and cannot focus on driving‚ or simply because
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Case Study: Nature of CPA Firm For this case study I looked at a broad range of CPA firms’ websites from the large national firms such as Deloitte‚ PWC and Ernst & Young to the smaller local firms including KDV‚ Copeland Buhl & Co and Schechter‚ Dokken & Kanter. While examining these websites‚ the first thing that became apparent to me is that the content and functionality from website to website is very similar. All of the websites I looked at include an ‘About Us’ page explaining who
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As mentioned from the previous part there is a problem in sales‚ the purpose of the research is to figure out what causes this problem as the manager decision of the problem is to find out should the organization set new prices or not‚ furthermore what is required is to control the price elasticity of demand and the influence on sales taking into consideration the price modifications and the several levels of price changes‚ moreover the problem is considered a broad one and needs an appropriate specification
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THE THEORY OF THE FIRM Notes by:Ramon Somar THE THEORY OF THE FIRM Even though managerial economics is not concerned solely with the management of business firms‚ this is its principal field of application. To apply managerial economics to business management‚ we need a theory of the firm‚ a theory indicating how firms behave and what their goals are. The concept of the firm plays a central role in the theory and practice of managerial economics. An understanding of the reason for the existence
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References: British Pharmaceutical Codex !973 British Pharmacopeia www.mims.com www.drugbank.com http://www.mcieast.marines.mil/Portals/33/Documents/Safety/Abuse/DrugSchedules.pdf http://chemistry.about.com/library/weekly/aa061403a.htm http://www.rain-tree.com/plantdrugs.htm#.Uo2S58Rd93c
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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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Invisible consumption driver The business market is like the battlefield. But‚ in this battlefield‚ there is no gunpowder smoke. Businesses compete with each other. They use many measures to stimulate consumption and outcompete competitors. There is a typical phenomenon from our daily life‚ rationalization smoke. What is rationalization? Rationalization related to the reasonableness of a price for a given product and the price depends on the comparative value of the product. Then a business
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------------------------------------------------- Firms Duties to the Employee “Hey Placement season is full on.” “Which all companies are coming to recruit?” “DHL‚ FedEx‚ Unilever‚ P&G‚ Damco and many more you ever dreamt of” “What is the average package they are offering?” “Must be around 12‚000 UAE Dhms.” “That’s great!” It rarely ever happens that a probable employee ever thinks of whether the company would do all duties due to the employee. The employee once enters the company becomes
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11th Class Tools that monitor truck drivers How to Monitor Truck Drivers Trucks and drivers represent a considerable cost for firms‚ therefore‚ a firm should use tools to monitor the behavior of its truck driver to ensure that 1- Drivers are following regulations to minimize risks and cost. 2- Reduces or eliminates fatigue-related injuries and fatalities. 3- Reduces accidents and equipment damage. Copilot A low cost driver drowsy driver monitor‚ Copilot‚ is one of such tools
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