under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
Premium Costs Cost Net present value
Meeting 1 MRF’s File COST ACCOUNTING “An Introduction to Cost Terms and Purposes” Assistant Lecturer: M. Ryan Firmansyah Problem 1 (Quiz 1 September 8‚ 2009) Consider the following costs that were incurred during the current year. Evaluate whether the cost is: 1. A product cost or a period cost 2. Variable or fixed in terms of behavior 3. For the product cost‚ whether it is classified as direct material‚ direct labor‚ or manufacturing overhead No. 1 Descriptions Product Cost Period Variable Fixed
Premium Accounts receivable Manufacturing Inventory
PROJECT REPORT RECORDS MANAGEMENT SYSTEM FOR MBARARA HOSPITAL (A Case Study of the Maternal and Child Health Section [MCH]) By ACHENG DORIS ODIT 2008/BIT/033/PS INSTITUTE OF COMPUTER SCIENCE Email: doradit4t@yahoo.co.uk A Project Report Submitted to the Institute of Computer Science for the Study Leading to a Project in Partial Fulfillment of the Requirements for the Award of the Degree of Bachelor of Information Techology at Mbarara University of Science and Technology. Mr. Richard
Premium Extreme Programming Systems Development Life Cycle Records management
Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
Premium Costs Process management Cost
In the books of a Company Cost Sheet for the period ended…….. Units Produced….. Name of the product unit sold…. Particulars Total cost Rs. Unit Cost Rs. Opening stock raw materials Add Purchases of Raw Materials Add: Expenses on Purchases of Raw Materials (octroi & duty) Less: Closing stock of raw materials Less: Sale of scrap or defectives of raw materials = Cost of materials consumed Add: Productive Labour Add: Outstanding wages Add: Direct Expenses( architect’s
Premium Cost Inventory Material
Ways that Students Prepare for Exams In general‚ exams play a role that testing students whether they acquire knowledge. Teachers know problems that students didn’t master from exam‚ and students also can find out their disadvantages from exams. In order to access more knowledge and get higher scores‚ students have many ways to prepare for exams‚ including studying with friends‚ asking teachers for help‚ and reading books for research. The first type is studying with friends‚ it means students
Premium Problem solving
An Analysis of The Term Actually Incurred In Section 11(a) of Income Tax Action Act No 58 of 1962 A TECHNICAL REPORT TO BE PRESENTED TO THE DEPARTMENT OF ACCOUNTING UNIVERSITY OF CAPE TOWN IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE BATCHELOR OF COMMERCE (HONOURS) DEGREE IN TAXATION BY
Premium Tax Taxation in the United States Foreign exchange market
Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
Premium Costs Cost accounting Cost
HISTORY OVERVIEW The importance of medical records in health care delivery has been recognized for a long time. Its revelance to patient care and health administration was documented by Florence Nightingale in 1873 a book entitled Notes on a Hospital. Ideally the medical record should be the primary repository of all information regarding patient care‚ provide decision-support‚ and be a tool for support and maintaining ancillary health care activities such as administration‚ quality assurance‚ research
Premium Health care Medicine Electronic medical record
red and split open to expose the fruit. The fruit inside is three or four cream coloured fleshy section with glossy black seeds at the top. Saltfish is fresh fish that has been salt-cured and dried until the moisture is completely extracted. To prepare this dish‚ you need to ensure that you have the ingredients needed to complete the dish as well as the utensils prepared ahead of time. Gather the ingredients‚ such as‚ the ackee and the salt fish. Also‚ you need the seasoning for the dish like sweet
Premium Water Fruit Chili pepper