Activity-based Costing (ABC) An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. There are four levels of a cost hierarchy: 1- Output unit-level costs: costs of activities performed on each individual unit of a product or service. 2- Batch-level costs: costs of activities related to a group of
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Super Bakery‚ Inc. – Costing Methods Norman Thompson ACC/561 July 24‚ 2010 In today’s economy the business world has changed tremendously with the advances of computer systems‚ global competition‚ and innovation in technology. Because of these changes businesses compete to keep their products and services profitable as well as keeping a strong customer base. The main challenges for keeping a business successful are managing the cost of services and products while keeping the company
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CHANGING THE HR FUNCTION AT BELLA’S: A CASE STUDY Bobby Medlin‚ USC Upstate Lynne’s day had started at 7:00 this morning with a meeting with the disgruntled store manager of location number two—and things hadn’t slowed down since. Her “to-do” list was already full‚ but she had barely had time to glance at it. She was too busy with her “other stuff” (as she liked to call it)—things that kept her from being able to focus on what she really should be doing in her role at Bella’s. “Tough day‚ huh‚”
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Sek-Lung is a Marginal Character A strong‚ intelligent‚ independent boy is what every traditional Chinese family wants. Unfortunately‚ Sek-Lung is not such an ideal child. In the novel‚ The Jade Peony‚ Sek-Lung is a marginal character. He is rejected by the dominant group‚ first being made to feel insignificant and second to feel uncomfortably visible. Sek-Lung is born in Canada‚ with a sick body‚ being considered inferior and unimportant. To begin with‚ he gains a reputation because
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AN IDEAL APPROACH TO STANDARD COSTING By Jitesh Chandak INTRODUCTION Before you start your study on standard costing you must be clear in your mind that you are going to study a chapter which wants more practice and hard work to develop a strong and sound concept. Costing can be defined as “The technique and process of ascertaining costs.” Standard costing is a technique‚ which uses standards for cost and revenue for the purpose of control through
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1.0 Life cycle costing (LCC) 1.1 Definition Life cycle costing is a cost management approach which includes all costs and ensures that all those costs are managed over the life cycle of the product. Product life cycle begins from conception of the product until its abandonment which can be referred as ‘from cradle to grave‘. Product life cycle has four stages: 1) Product planning and initial concept design It involves process of identifying any underlying conditions‚ assumption‚ limitations and
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From Rappler.com: Jollibee #ChickenSad: A costly IT problem Jollibee loss millions of pesos last year due to an IT problem that forced some of its store to close. Here are the possible causes of the problem and the lessons we can learn from it. Calen Martin Legaspi Published: Aug. 13‚ 2014 Last year‚ Jollibee Foods Corporation announced that a major IT system change it undertook was to blame for the lack of the popular “Chickenjoy” in some of its stores. The change affected the fastfood giant’s inventory
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B&B – TOURIST HOMES B&B – TOURIST HOMES Our business plan is going to be about the basic need of human that is shelter and food. Introduction A bed and breakfast (or B&B) is a small lodging establishment that offers overnight accommodation and breakfast‚ but usually does not offer other meals. A bed and breakfasts are private homes with fewer than 10 bedrooms available for commercial use. In India‚ the government is promoting the concept of bed & breakfast. The
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Faculty of Business Studies Tutor Marked Assignment B203 A: Business functions in context I Second Semester 2012 – 2013 Supply chain from manufacturing to shelf Introduction 1 -The Kellogg’s Cornflake Company began in 1906 with the Kellogg brothers who originally ran a sanatorium in Michigan‚ USA. They experimented with different ways to cook cereals without losing the goodness. Their philosophy was ’improved diet leads to improved health’. 2-Between 1938 and the present day Kellogg’s opened
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Case studies for use in Groups (First in first served! Once a group has chosen a case study‚ it is no longer available for another group. Choose carefully‚ some are more difficult than others‚ offering the chance to shine! Remember: you need to carry out ethical due-diligence. Good recommendations foresee different possible outcomes and challenges.) 1. You are a management team at a bank that is feeling competitive pressures: the financial crisis has made international borrowings more expensive and
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