Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to
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Transportation Cost & Pricing Transportation Cost & Pricing Compare and contrast the cost structures of rail‚ motor carriers‚ and air. When you compare the rail cost structure to that of the cost structures of the motor‚ and air carriers‚ you will see that the rail carriers have a high structure cost. “One of the characteristics of railroads as previously noted is the level of fixed costs present in their cost structures.” (Coyle‚ 2011) These fixed cost exists because the ownership of
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OUTSOURCING PAYROLL SERVICE PGSM ASSIGNMENT 1 - MKT600 MARKETING SUBMITTED BY ZAW HTET AUNG 1 PGSM MBA-MKT600 MARKETING Assignment 1 1.0 Introduction Type of service : Payroll Service linked with MPU Name of Bank : Co-operative Bank (CB Bank) Country of Origin : Myanmar Host Country : Myanmar Background Situation In Myanmar‚ one of the Least Develop Countries (LDC)‚ 75% of the total population is living in rural area and under poverty line. And many
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Publichttp://pfr.sagepub.com/ Finance Review Public Subsidies to Stadiums: Do the Costs Outweigh the Benefits? Daraius Irani Public Finance Review 1997 25: 238 DOI: 10.1177/109114219702500205 The online version of this article can be found at: http://pfr.sagepub.com/content/25/2/238 Published by: http://www.sagepublications.com Additional services and information for Public Finance Review can be found at: Email Alerts: http://pfr.sagepub.com/cgi/alerts Subscriptions: http://pfr
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THE COST AND SALES CONCEPT Cost is defined as a reduction in the value of an asset for the purpose of securing benefit or gain. Cost is defined in a hotel and restaurant as the expense to a hotel or restaurant for goods or services when the goods are consumed or the services are rendered. KINDS OF COSTS 1. Fixed costs – are those that are normally unaffected by changes in sales volume. They are said to have little direct relationship to the business volume because they do not change
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Chapter 8 The Cost of Capital 236 CHAPTER 8—THE COST OF CAPITAL TRUE/FALSE 1. Capital refers to items on the right-hand side of a firm’s balance sheet. 2. The component costs of capital are market-determined variables in as much as they are based on investors’ required returns. 3. The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt. 4. The cost of issuing preferred stock by a corporation must be adjusted to an after-tax
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source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
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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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Tesco Lotus’ outsourcing to Linfox (Thailand) Case Study Write-Up for Strategic Management I. Tesco Lotus background relevant to the subject According to the British Chamber of Commerce Thailand‚ Ek-Chai Distribution System Co.‚ Ltd‚ known as Tesco Lotus‚ was formed in 1998 with only 14 “Supercenters” in key regional locations[i]. Today‚ Tesco Lotus‚ as it claims on its website[ii]‚ is the leading retailer in Thailand with running retail business from over 660 Tesco Lotus stores‚ 88
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