cost pools. All or most costs are identified as output unit-level costs. Products make diverse demands on resources because of differences in volume‚ process steps‚ batch size‚ or complexity. Products that a company is well suited to make and sell show small profits while products for which a company is less suited show large profits. 9-5 (1) Identify the activities that consume resources and assign costs to them. (2) Identify the cost driver(s) associated with each activity. A cost driver is
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recommending that the real estate corporation allocate costs using the following method because it maximizes the project’s Net Present Value (and will make Nella Lyrrad look the best when she reports the project’s results to her superiors!): Cost Allocation Based on What the Developers Spent The developers spent $100 million on the land‚ $100 million on the recreation facilities‚ & $100 million on streets‚ parks‚ utilities‚ lots‚ & greenways. Based on these expenditures‚ I first allocated
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Running out of resources has been one of the most influential claims of the early environmental movements‚ and a claim that provided the background for many of the environmental movements such as; recycling‚ the argument that small-is-beautiful and the excuse for the need to restructure society away from its obsession of consumption and production. The idea of the world losing its resources at an accelerated rate because of humans‚ has been very influential over the past 30 years. This movement
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NUMBER – 0858 (ELM) EXPERIENTIAL LEARNING METHODOLOGY LEARNINGS Role allocation Taking initiative UNDERSTANDING Roll allocation is done in order to achieve a common goal and in agreement & in accordance of every member’s strength. Team leaders/Supervisors on the ground level needs to implement and execute the process which requires taking initiative. Overall allocation needs understanding his team at the Managerial level and staff level initiative to
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single indirect cost allocation rate: total indirect costs/total amount of checks processed $2‚850‚000/$95‚000‚000 = $0.03 per dollar processed b) total annual indirect cost assigned to the retail customer line and the business customer line: amount of checks processed x allocation rate = total indirect costs $9‚500‚000 x $0.03 = $285‚000 (retail customers) $85‚500‚000 x $0.03 = $2‚565‚000 (business customers) $95‚000‚000 x $0.03 = $2‚850‚000 (total) The allocations are driven by the
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estimate costs‚ the company recently adopted an activity-based costing system. Last year‚ the company incurred $300‚000 in overhead costs. Based on an intense study of their company‚ the following activities‚ allocation bases‚ and percentages of overhead costs were determined: Activity | Allocation Base | Proportion of Overhead Cost | Purchasing | Number of purchase orders | 25% | Materials processing | Number of square feet | 50% | Sales | Number of sales orders | 25% | The number of activities
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production processes to use? 9. What actions are being stimulated by the ABC Analysis? 10. Comment on the development‚ implementation‚ and acceptance of the ABC approach.1. Current Situation The existing system at ETO‚ the labor-based burden allocation process‚ has become obsolescent since (a) an increased dependence on vendor certification‚ accordingly steadily declined direct labor hours‚ (b) a change from simple inspection services to broader-based test technology‚ (c) the introduction of high-technology
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Institute of Business Management Chennai - 020 FIRST SEMESTER EMBA/ MBA Subject : Human Resources Management Attend any 4 questions. Each question carries 25 marks (Each answer should be of minimum 2 pages / of 300 words) 1. Explain the steps in Human Resource Planning. Human resource planning is a process through which the company anticipates future business and environmental forces. Human resources planning assess the manpoour requirement for future period of time. It attempts to provide
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Economics Assignment Question 1.1: Resource Allocation Economics for Business & Management Abstract In this section of the assignment we focus on the question: “Examine the arguments in favor of a free-market system of resource allocation”. (Negru‚ 2011) The arguments for and against a free-market system are not black and white‚ therefore they have been discussed among economists for hundreds of years and no solution or conclusion has been found yet. In this assignment we briefly discuss the
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concerned‚ we are transferring to match any excess demand from US to Europe‚ or vice versa‚ to immediately meet for any shortfalls in the future‚ even before they happen‚ provided there is stock available from the place being shipped. Furthermore‚ the allocation of the units is also based on the demand received in the previous periods. If the demand in the previous period is excess in Europe‚ more units will be allocated to Europe to avoid any lost sales‚ (the same holds true for any excess demand in US)
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