direct labor is $4.00 per unit‚ variable manufacturing overhead is $6.00 per unit‚ and fixed costs are $12‚000 for the units produced‚ then what would be the cost assigned to 2‚000 of units in ending inventory? If direct materials are $8.00 per unit‚ direct labor is $4.00 per unit‚ variable manufacturing overhead is $6.00 per unit‚ and fixed costs are $12‚000 for 6‚000 units produced‚ what is the total cost per unit under throughput costing? Under throughput costing‚ are product costs higher or
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Operating System UNIT - 1 Roadmap • What is an Operating System? • • • • • • • • Operating System Objectives/Functions The Evolution of Operating Systems Major Achievements Structuring methods Design of API’s Interrupts Device Organization User/System state Transition What is an Operating System? • A program that acts as an intermediary between a user of a computer and the computer hardware. OR • A program that controls the execution of application programs. • Kernel – the one program
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& Service costing Service Costing Unit costing is the method of costing used when the cost units are identical. Identical cost units should have identical costs and this concept of equality of costs is the basic feature of unit costing. It may be noted that process costs‚ output costing and service costing are the sub-divisions of unit costing method. Service Costing – Nature and Problem: Service or operating cost is the cost of providing services. Service costing is the term
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ADVANTAGES OF KAIZEN COSTING There are certain basic principles which are followed in various Japanese companies which are listed below: - 1) Focus on customers: The Kaizen philosophy has only one prime objective of customers’ satisfaction. Kaizen permits no middle ground its either you provide best products and customer satisfaction or not. All the activities should aim at providing customer with whatever he wants and should help the firm long term objective of customers’ satisfaction at
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Proposed operating Philosophy of the Generator control system Project : Rooty Hill RSL Club Introduction The site is currently with mains power supplied through three transformers each of 1000KVA. Each transformer is connected to a dedicated switchboard with a fault level of 43KA at 1 second. All switchboards are not normally interconnected though they are connected to each other with a 1600A bus coupler which are locked by Integral Energy. Each switchboard is also served by a diesel
Free Electrical generator Electricity Diesel engine
Backflush Costing Backflush costing is a traditional and standard costing systems track costs as products pass from raw materials‚ to work in progress‚ to finished goods‚ and finally to sales. Such systems are called ’sequential tracking systems’ because the accounting system entries occur in the same order as purchases and production. Sequential tracking is common where management desires to track direct material and labor time to individual operations and products. Backflush costing is a method
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Activity Based Costing The major strength of activity based costing is the ability to estimate the cost of individual products and services precisely. By transferring overhead costs to individual units of products or services‚ ABC helps identify inefficient or non-profitable products or activities that help into the profitability of efficient processes or highly profitable products. 1. More accurate costing of products/services Product cost determination under activity-based costing is more accurate
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Income statement The income statement or the profit and loss account as it is also called measures reports how much profit (wealth) has the business generated over a period of time. To measure profit the total generated revenue over a period must be identified. Revenue is a measure of inflow of economic benefits arising from the operations of the business. These benefits will either result in an increase of assets such as cash or amounts owed to the business by the customers or a decrease
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Operating Theatre Operating Theatre Introduction Surgical site infections (SSIs) are the second to third most common site of health care associated infections (HAIs). These complications of surgical procedures cause considerable morbidity and‚ when these occur deep at the site of the procedure‚ can carry mortality as high as 77%. As illustrated below there are several key steps or “chains” that have to be connected to result in infection. However‚ for SSIs‚ the initial introduction of microbial
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To my children‚ Lemar‚ Sivan‚ and Aaron and my Nicolette Avi Silberschatz To my wife‚ Carla‚ and my children‚ Gwen‚ Owen‚ and Maddie Peter Baer Galvin To my wife‚ Pat‚ and our sons‚ Tom and Jay Greg Gagne Abraham Silberschatz is the Sidney J. Weinberg Professor & Chair of Computer Science at Yale University. Prior to joining Yale‚ he was the Vice President of the Information Sciences Research Center at Bell Laboratories. Prior to that‚ he held a chaired professorship in the Department of
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