SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000 per year for quality inspection
Premium Costs Variable cost Cost
Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
Premium Manufacturing Production and manufacturing
Each and every person has the potential and free choice to pursue a career as an entrepreneur. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 2. The generation of the 21st century may become known as generation E because they are becoming the most entrepreneurial generation since the Industrial Revolution. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 3. Determining a person’s “entrepreneurial
Premium Entrepreneurship Entrepreneur
Paul Haggis’ Crash: The Evaporation of White Accountability March 10‚ 2009 in Articles | Tags: crash‚ crash movie‚ institutional racism‚ paul haggis‚ racism‚ structural racism‚ white accountability‚ white supremacy @page { margin: 0.79in } P { margin-bottom: 0.08in } “I was taught to see racism only in individual acts of meanness‚ not in invisible systems conferring dominance on my group‚” writes Peggy McIntosh in her essay “White Privilege: Unpacking the Invisible Knapsack” (McIntosh). This invisibility
Premium Racism Sociology Race
Steve Irwin 9/24/12 Critical Thinking Mrs. Clemes Crash and Burn Crash the movie illustrates many examples of ignorance‚ bias views‚ discrimination‚ racism and assumptions. This movie is centered on the above ideas. During the movie every character at some point is guilty of bias views‚ discrimination‚ or assumptions. This is due to the different ethnicities and backgrounds of the characters. Towards the end of the movies all the characters begin to realize that some of their voiced beliefs
Premium Critical thinking Racism Thought
Chapter 8 Cost Estimation and Budgeting True/False 1) Direct costs are those clearly assigned to the aspect of the project that generated the cost. T 2) Material is an example of a cost that is recurring‚ variable and direct. T Multiple Choice 1) Which of the following is a direct cost? A) labor B) rent C) depreciation on equipment D) health benefits 2) Workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15‚ have what total direct labor cost for an
Premium Equality Cost Project management
Santora Editorial Project Manager: Christina Rumbaugh Editorial Assistant: Brian Reilly Director of Marketing: Patrice Jones Marketing Assistant: Ian Gold Senior Managing Editor‚ Production: Cynthia Zonneveld Production Editor: Carol O’Rourke Text Permissions Coordinator: Tracy Metivier Senior Operations Specialist: Diane Peirano Art Director: Anthony Gemellaro Cover Design: Anthony Gemmellaro Cover Illustration/Photo: © Image Source/Corbis Composition/Full-Service Project Management: S4Carlisle
Premium Management accounting Management
One car rear ending another begins a storyline set over thirty-six hours that reveals how utterly connected a group of people’s lives are‚ even though they all seem to be extremely diverse. The movie Crash emphasizes the interconnectedness of these people that originally appear very different from one another. Preconceived notions of stereotypes prevent the characters from fully understanding how similar and connected they really are. The director‚ Paul Haggis‚ crafts the movie so that the characters
Premium Film Race Film director
Cost/Benefit Analysis Evaluating Quantitatively Whether to Follow a Course of Action You may have been intensely creative in generating solutions to a problem‚ and rigorous in your selection of the best one available. However‚ this solution may still not be worth implementing‚ as you may invest a lot of time and money in solving a problem that is not worthy of this effort. Cost Benefit Analysis or CBA is a relatively* simple and widely used technique for deciding whether to make a change. As its
Premium Cost-benefit analysis Net present value Costs
Quality Cost 1 Quality is defined from the customer´s point of view l Performance l Performance or the primary operating characteristics of a product or service. Example: For a car‚ it is speed‚ handling‚ and acceleration. For a restaurant‚ it is good food. l Features l Features or the secondary characteristics of a product or service. Example: For a TV‚ it is an automatic tuner. For a restaurant‚ it is linen table cloths and napkins . l Reliability l Reliability
Premium Quality control Quality assurance Quality management