40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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Cost accumulation systems Name Tutor Course College Date Generally‚ cost accumulation is the organized collection of cost data through a set of procedures and systems. According to an accounting business‚ they used a periodic cost accumulation system. This system only provides limited cost information during a certain period. The system requires end year adjustments to arrive at the cost of goods manufactured. In most cases‚ it is not considered a complete cost accumulation since the costs
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OBJECTIVES Understand basic production management and its function Obtain knowledge of basic methodology in order to apply these in a working field and find a way to improve productivity and eliminate waste Understand higher level of production management Gain ability of forecasting demand‚ planning a production schedule and fulfilling capacity of production and reform of an organization INTRODUCTION TO PRODUCTION MANAGEMENT Planning and control of production of goods and services are
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pollinating them. By 1898‚ Madagascar‚ Réunion‚ and the Comoros Islands produced 200 metric tons of vanilla beans‚ about 80% of world production. According to the United Nations Food and Agriculture Organisation‚ Madagascar is currently responsible for the vast majority of the world’s Bourbon vanilla production[12] and 58% of the world total vanilla fruit production. The market price of vanilla rose dramatically in the late 1970s after a tropical cyclone ravaged key croplands. Prices remained high
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Media Production There are many things to consider when creating a film‚ music video or animation. How much will it cost? Who needs to be employed? How long will it take? These are the main questions that need to be answered before anyone even begins to create a piece of media. Personnel Producer Producers are the main individuals in television‚ film and video production. The initial idea for a project often comes from a producer‚ who will oversee each project from beginning to end and may also
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Factors of Production Factors of production are resources necessary to produce goods and services. There are four factors of production. The factors of production include natural resources‚ labor‚ capital‚ and entrepreneur. These factors of production are very important to our economy. Firstly‚ natural resources are “gifts of nature” that make production possible. One example of a natural resource is a tree to produce paper. Natural resources include actual surface land and water. They also
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FUNDAMENTALS OF Food & Beverage Production UNIT – I INTRODUCTION TO THE ART OF COOKERY Unit-II Aims & Objectives of Cooking food UNIT III Preparation of Ingredients Unit-IV Equipment used in kitchen UNIT-V KITCHEN ORGANISATION UNIT-VI METHODS OF COOKING UNIT VII STOCKS ‚GLAZES‚SAUCES AND SOUPS UNIT-VIII: BASIC PREPERATIONS UNIT IX FOOD COMODITIES UNIT – I INTRODUCTION TO THE ART OF COOKERY 1.1 Development of the
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responsible for any questions and problems that you were assigned for homework or that we worked in class. Also‚ you should be able to discuss and/or answer questions related to your readings/case(s) and the Wall Street Journal. Cost Management and Strategy – refer to your assigned questions and problems Cost Drivers and Basic Cost Concepts -- What is a cost? Define cost pools. What is a cost object? cost assignment? Contrast a direct cost with an indirect cost. Define cost allocation. What is an allocation
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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Oct 20‚ 2013 MEMORANDUM To: Senior Executives‚ Inditex From: FT 75782136 Subject: Analysis of Problems affecting Zara Date: 2003 Summary Zara is the flagship retail brand of Inditex group and represented 78% of the total revenue generated in the year 1999. The Inditex group has 1080 stores worldwide out of which 64.1% stores in Spain contributed 48% of revenues and the remaining 35.9% stores located in foreign markets contributed 52% revenues in the Year 2001. Out of all the labels of
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