11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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KFC RESTAURANT Regalado st. Fairview Quezon city Telephone no: 02-4301169 December 6‚ 2014 Ref. File: 54523 Mr. Johnny Rapid 143 Auburn St. North fairview Sub. Quezon City Attention: Johnny Rapid Gentlemen: Subject: KFC DELIVERY The Holiday Season will be upon us before you know it. My staff and I would love to help you in planning for your Christmas party this season. I have enclosed a menu (and price list) for your convenience‚ I hope you’ll think about us the next time you need
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Kentucky Fried Chicken http://kfc-ng.com/history.html#sthash.Gu5ronNq.dpuf History of kfc : http://kfc-ng.com/about-us.html#sthash.4yKZgRuA.dpuf About the industry of kfc http://kfc-ng.com/our-team.html#sthash.lEpO8XpS.dpuf About the team building of kfc Motivating employees is one of the primary responsibilities of a manager in any organization. Before we go on‚ we have to define motivation. According to many popular text-books;motivation is the individual internal process that energizes
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OBJECTIVE Leadership can be defined as the ability to influence‚ motivate and enable other people to contribute toward the effectiveness and success of the organization. The main objectives to make this report is to apply and relate the public figure leadership style with this subject. From what I learn there are 4 leadership style in path goal model: directive‚ supportive‚ participative and achievement oriented. There are related to the employees and the situation occur. According to the founder
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1.0 Strategic Problems Faced by KFC Threats from rivalry Hartz Chicken will be the problem currently faced by KFC outlet at Sarawak Plaza. The threats is in the form of substitute product which means the product produce by Hartz can satisfy the same consumer needs as another product. In this case‚ it will be the competition to gain or attract the same market segment for their chicken focus dishes or menu. Profit gain by the outlet eventually not enough to cover the daily operating expenses. The
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Financial Markets – Focus Points Since this is a very extensive course I have compiled a list of the most important subjects‚ those which you should place the greatest emphasis on when studying for the final exam. Please note that this is not an exhaustive list and the final exam may include questions based on topics not directly mentioned below. This list should supplement the questions/problems from the practical sessions – which you should study carefully. Do not get intimidated by the number
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LEADERSHIP – INDIVIDUAL TERM PAPER Leadership – Individual Term Paper Mohammad Hatta Bin Adam Matric No 814970 Master of Business Administration Universiti Utara Malaysia INDIVIDUAL TERM PAPER TASKS 1. Select an individual that was considered as a leader from your own perspective 2. Discuss the individual’s ability in responding to the situation/scenario. Please state the situation/scenario faced by the respective leader in the paper 3. Consider theories and concepts in leadership
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What is customer focus and our understanding of the concept Discussion – Why organizations lack customer focus in Fiji? Our case studies:- How this can be overcome? Arguments raised and discussed Conclusion You ’ll never have a product or price advantage again. They can be easily duplicated‚ but a strong customer culture cant be copied. Jerry Fritz INTRODUCTION o What is Customer Focus? To put it simply :- In a customer focused organization‚ leadership‚ people‚ processes
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Leadership Leadership The process‚ by which a person exerts influence over others and inspires‚ motivates and directs their activities to achieve group or organizational goals. When leaders are ineffective‚ their influence does not contribute to‚ and often detracts from‚ goal attainment. Effective leadership increases an organization’s ability to meet all challenges‚ including the need to obtain a competitive advantage‚ the need to foster ethical behavior‚ and the need to manage a diverse workforce
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