COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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Economic Cost of “Power Outages” By Dr. Aisha Ghaus-Pasha Table of Contents Page No. 1. Causes of Power Outages 1 2. Quantifying Outage Costs 2 3. Incidence of Outages 4 4. Pattern of Direct Costs 5 5. Types of Adjustments to Outages 5 6. Extent of Recovery of Output 6 7. Total Outage Costs to the Industrial Sector 6 8. National Costs of Load Shedding 7 9. Policy Implications 9 9.1. Investment in Power Sector 9 9.2. Load Management
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Young drivers aged 17-24 years of age are twice as likely to be involved in fatal crashes than drivers aged between 25-59 years of age. Young driver’s high involvement in road crashes and accidents is often attributed to a lack of driving skills and ability to concentrate on the road. Law reforms have been implemented across Australia by the NSW RTA through delegated legislation and entails that: * Learner drivers must be over 16 years of age and must gain 120 hours of certified supervised
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Cooper Pharmaceuticals Case Analysis On the surface‚ the issue of Bob Marsh’s firing from Cooper Pharmaceuticals appears to be an open and shut case; he did not adhere to the repeated warnings by management to alter his performance and selling style‚ therefore he was fired. However‚ other considerations are in play when you analyze this case further. Bob was an employee of Cooper for twelve years at the time of his termination‚ and had seemingly improved his performance when prompted to do so. Bob
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Young Drivers And The Law Chloe Hayward “Statistics show that South Australia has the second worst fatality rate for the 16 to 19 year old age group of all Australian States and Territories‚ it is also almost double that of Victoria and new South Wales.” Changes to the provisional 1 licence system were first proposed in October in 2012. At the time it was made open to the public’s opinion and consultation. The new and improved laws were suggested by road minister Michael O’Brian. The current
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bad habits while driving. Driving demands a high level of responsibility and attention. Even though everyone is vulnerable about acquiring bad habits while driving‚ the most ones that develop bad habits while driving are the young drivers. Being an inexperienced driver and not paying enough attention while driving is a bad combination‚ and the most likely conclusion is dead. The first enemy of driving definitely is the cell phone. Talking on the phone while driving has caused so many accidents
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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Classification Essay There are three types of drivers in this world: competent‚ overcautious‚ and reckless. After driving for many years in frustrating rush hour traffic‚ one might find there are three types of drivers‚ competent drivers who keep the flow going‚ over cautious drivers who cause slow and backed up traffic‚ and reckless drivers who weave in and out of traffic causing one near death experience after another. Trying to sort out what type of driver a person might be is an extremely challenging
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PERFORMANCE ANALYSIS OF BEXIMCO PHARMACEUTICALS LTD. Submitted By: Md. Fazlul Haque Executive Summary This report prepared to make a through analysis of the financial statements of Beximco Pharmaceuticals Ltd (BPL). The report mainly highlights the results of various ratio analysis of the company. In order to make the analysis more informative‚ inter-firm comparisons have also been provided by performing ratio analysis of other leading pharmaceutical companies in Bangladesh. It is hoped
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The Dangers of Drivers’ Distractions Driving accidents have been at an all-time high in America. “The National Council estimates 38‚300 people were killed and 4.4 million injured on US roads in 2015‚ which saw the largest one-year percentage increased in half a century”. (1) The Majority of vehicle accidents are result of a careless mistake on the road. Although one might say “I have never been pulled over; or even gotten a ticket”‚ however‚ even the most careful and experience driver could be put
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