TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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Dominos Pizza Research Paper Overview Company: Dominos Pizza Essay‚ Research Paper Overview Company: Domino’s Pizza Founded: In 1960 by Thomas S. Monaghan in Ypsilanti‚ Michigan. Ownership: In December 1998‚ investors‚ including funds managed by Bain Capital Inc.‚ a leading private equity investment firm‚ together with management and others‚ acquired a 93% stake in the Company‚ which was formerly owned by founder‚ Thomas Monaghan and his family. Description: Domino’s Pizza has
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Donatos: Finding the New Pizza The case analyzed this week‚ presents “the introduction of Donatos low-carbohydrate pizza‚” and how company got out of its comfort zone to take advantage of the new fit people era. Donatos Pizza responded to the low-carbohydrate diet craze with its new “NoDough” pie. “The chain based in this Columbus suburb has tested the new pizza at stores in the suburban Upper Arlington and Westerville‚ and then rolled it out at most of its 184 locations later this month. Instead
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needs are service‚ price‚ and delivery‚ in a specific order. One of the key purposes of Pizza Cottage‚ Inc.’ methodology is to focus on these objective segments that know and comprehend these requirements‚ and are willing to pay a sensible price to have them satisfied. Factors such as current local patterns and historical sales information of comparative businesses in the territory‚ guarantee that the appeal for pizza will continue throughout the following five years. Patterns are to support us: the last
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Cici’s Pizza Review If customers are looking for top quality gourmet food Cici’s Pizza is not the best place for them to go. Although served in large amounts‚ it’s food is unappetizing‚ unhealthy‚ and honestly not appealing to look at. Most of the customers who visit this establishment have numerous kids they are trying to feed for cheap or are broke and hungry college kids. Cici’s lacks any real decor or style to make it unique‚ it’s bland food and atmosphere cause it to be very
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Online pizza ordering system is a web based application which allows pizza to be ordered online. This web site gives us information about pizza. The ordering system provides the user with three tabs: one for customizing pizzas‚ one for side orders‚ and one for delivery details. Customers can switch to any tab any time. When they are done with filling in all information regarding their order they can complete the order to send it to the pizzeria. There are 2 types of users who can order for pizza online
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Homemade Pizza INGREDIENTS YOU WILL NEED TO MAKE HOMEMADE PIZZA: Dough: 1 ½ cup of luke warm water 1 tsp yeast 1 tsp sugar 2 ½ cups of flour 2 tsp salt (This will make two pizzas‚ we refrigerator one for up to a week so we can have pizza any time) Pizza Sauce: 1 tsp salt 1 tsp ground pepper 3 gloves of garlic 1 tsp of lime juice 1 tsp of our everything spice Mozzarella cheese (as much or as little as you like) HOW TO MAKE HOMEMADE PIZZA: First we are going to make the dough for the pizza‚ we use the
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Balanced scorecard of DOMINO’S PIZZA TABLE OF CONTENTS: 1) Introduction 2) Customers perspective 3) Internal processes 4) Innovation and learning
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