estimates of the costs of products and services and then compares these predetermined costs with actual costs as they are incurred. Management Accounting 2 What is Variance? The difference between a cost’s actual amount and its budgeted or planned amount Unfavorable cost variance Actual cost > Budgeted Amount Favorable cost variance Actual cost < Budgeted Amount Management Accounting 3 RESEARCH ARTICLE Purpose:- This study aims to provide evidence on the extent to which companies in Malaysia
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characterize mercantilism. Mercantilism is characterized by the country applying policies and institutions such as the Navigational Acts‚ towards having a favorable balance of trade‚ extending borders‚ and having all of the economic goals set towards enriching the mother country. Having a favorable balance of trade was essential to mercantilism. A favorable balance of trade meant that there were more goods leaving the country to be sold (exports) than there were goods coming into the country to be bought
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Introduction to Project Manager 2 Responsibilities of A Project Manager 3 Chapter-2: Project Manager & Arguments 4-6 As A Project Manager 4 Priorities Make Things Happen 5 Common ordered lists 6-8 Things Happen When One Say No 9 Keeping It Real 10 Know the Critical Path 11 Be Relentless 12 Be Savvy 13 Chapter-3: IS Manager & Answering 14-16
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The Huntsville Project has been ongoing for a few weeks. The budget for this project was $2‚750‚000.00. The Project Manager for this project has been instrumental in making sure that everyone has been included and is aware of the progress being made. This was done by communicating with email‚ memos and as well as phone calls. The project is currently within the budget and is progressing according to schedule. The total cost is estimated at $2‚631‚468.00 and that makes the project come
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CYAN BLACK Managers can use a variety of carrots and sticks to encourage people to work together and accomplish change. Their ability to get results depends on selecting tools that match the circumstances they face. the primary task of management is to get people to work together in a systematic way. Like orchestra conductors‚ managers direct the talents and actions of various players to produce a desired result. It’s a complicated job‚ and it becomes much more so when managers are trying
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fantasies of unlimited success‚ power‚ brilliance‚ beauty‚ or ideal love believes that he or she is "special" and unique and can only be understood by‚ or should associate with‚ other special or high-status people (or institutions) requires excessive admiration has a sense of entitlement‚ (example‚ unreasonable expectations of especially favorable treatment or automatic compliance with his or her expectations) is interpersonally exploitative‚ (example‚ takes advantage of others to achieve his or
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“All managers should be leaders‚ but not all leaders should be managers.” Do you agree or disagree with this statement? Support your position. Yes‚ I agree about that. Let’s talk about what is manager and what is leader first? Manager is someone who coordinates and oversees the work of other people so that organization goals can be accomplished. Leader is someone who can influence others and who has managerial authority. There is difference between leaders and managers. Managing is about efficiency
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Comprehensive exercise to calculate variances: Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Required: a. Compute the materials quantity variance. 15‚600 F b. Compute the materials price variance. 44‚100 * 0.1 = 4‚410 F c. Compute
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What gets rewarded gets done A Psychological and behavioral explanation The nature of human behavior is‚ humans do things to satisfy their unmet needs in some way or the other. These needs may vary from the very basic such as hunger to reach the greater heights of life. Whatever it may be‚ when he realizes that some actions he takes lead to satisfy his needs‚ he tends to do them in a superior way‚ expecting the satisfaction of his needs in a greater manner. On the other hand‚ if a person perceives
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attract‚ retain and motivate high performing individuals‚ in order to fulfill its objective to make Factory A state-of-the-art factory. The process of introducing those changes is hampered by the flux in the Russian pay market and by the General Manager of Factory A‚ Wilton Winchester‚ who is rather short-sighted‚ uncooperative and is opposing the planned changes at the factory. Analysis Nadler and Tushman proposed four types of change situations: Tuning‚ Adaptation‚ Re-orientation‚ Re-creation
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