BT 365 COST PLANNING AND CONTROL Lecturer: J.K. Ofori-Kuragu September‚ 2006 Course Objectives / Course Outline: At the end of this course‚ you will know: 1. What Cost Control is. 2. Purposes of Cost control. 3. Elements of Cost Control 4. The Introduction to Cost Control Systems. 5. Cost Analysis and Cost planning 6. Costs in Use 7. Introduction to Value Engineering Recommended Texts • A. Ashworth Cost Studies of Buildings • Ivor Seeley
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Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2010‚ Amesbury budgets 2011 assembly-support costs to be $8‚300‚000 and 2011 direct labor-hours to be 166‚000. At the end of 2011‚ Amesbury is comparing the costs of several jobs that were started and completed in 2011. Laguna Model
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Analysis: Apple‚ Inc. Krista Geisler-Gnirk Kaplan University GB520-04N: Strategic Human Resource Management Unit 1 April 26‚ 2011 I. Introduction & Background Apple Inc. has been at the forefront of innovation and creativity in the computer industry. In 2001‚ they entered into the digital music player industry with the launch of the iPod (Slind & Yoffie‚ pg. 10). Another product line they created is the iPhone‚ which is controversial with its high costs and limitations from
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To have a charge for each product‚ first the standard costs are calculated‚ based on the new allocation rate ($10.36): |Product |B |C |D | |Material |5‚00 |10‚00 |5‚00 | |Labor |5‚00 |15‚00 |10‚00 | |Allocated cost |10‚36 |31‚08 |20‚72 | |Standard cost |$20‚36 |$56‚08 |$35‚72
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Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. | 2. (TCO A) The costs of staffing and operating the accounting department at Central Hospital would be considered by the Department of Surgery to be (Points : 6) | direct costs. sunk costs. incremental costs. None of the above | 3. (TCO A) The cost of lubricants
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Assignment 2 (20 points) Assignment 2: Costs and Profit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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Assignment 2: Cost Behaviors and Allocation Prof. Gilton Grange HSA 525 Analyze the complexity of cost behaviors in health care organizations and describe how costs are classified according to their relationship with volume. Health services managers are vitally interested in how costs are affected by changes in volume. Before costs can be managed‚ one must have an understanding of how and why costs are being incurred. For‚ example medications dispensed from the pharmacy are variable costs items
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Written by: Edmund Quek CHAPTER 6 THE THEORY OF COST LECTURE OUTLINE 1 2 2.1 2.2 2.3 2.4 2.5 2.6 3 3.1 3.2 3.3 INTRODUCTION SHORT-RUN THEORY OF COST Distinction between fixed cost and variable cost Total cost Marginal cost Average cost Relationship between marginal cost and average cost Optimum capacity LONG-RUN THEORY OF COST Cost minimisation in the long run Long-run average cost Productive efficiency References John Sloman‚ Economics William A. McEachern‚ Economics Richard G. Lipsey and
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Title: “INTEGRATION OF GREEN TECNOLOGY AND RAIN WATER HARVESTING INTO LOW COST HOUSING” Authors: Prof: Siddesh K Pai –DME‚ DBM‚ BE Mech‚ PGP PEM‚MIM - Assistant professor – National Institute of construction Management & Research(NICMAR) – email: siddeshp@nicmar.ac.in ‚ Cell: 8888830544 MR. KAUSHIKCHANDRA.L - BE( CIVIL Engg) ‚ Post graduate program in Advance construction management ‚ Student @ National Institute of construction Management & Research(NICMAR) MR. VIJAY KASULA- BE(
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to Digital Ltd‚ based on a CVP analysis of the three business plans the company has provided. Before going to more detail of the recommended option‚ I would like to emphasis on the importance of CVP analysis. As CVP is a ‘systematic method of examining the relationship between changes in activity and changes in total revenue‚ expenses and net profit’ (Drury‚ 2000)‚ it is a very useful tool for managers to consider cost structure and price setting. When used in computer applications the method helps
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