of natural resources. There are two types of organisation in an industry‚ product-oriented organisation and service-oriented organization. The term "product" is associated with something that is tangible‚ which is capable of being perceived especially by the sense of touch. The outputs of product-oriented organisation are either end product‚ or components that are assembled into end product in the downstream process within the industries. While the term "service" is associated with something that
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PAPER – 5 : ADVANCED MANAGEMENT ACCOUNTING QUESTIONS Marginal Costing Vs. Absorption Costing 1. During the current period‚ ABC Ltd sold 60‚000 units of product at Rs. 30 per unit. At the beginning for the period‚ there were 10‚000 units in inventory and ABC Ltd manufactured 50‚000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Rs. Beginning inventory: Direct materials Direct labour Variable factory overhead Fixed factory overhead
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Chapter 1 explores the concepts surrounding organizational strategy. It begins with an explanation of the term strategy and offers a basis for how to identify a company’s particular strategy. Next‚ it explores the importance of striving for competitive advantage in the marketplace and examines the role strategy plays in achieving this advantage. The chapter then explores the idea that strategy is partly proactive and partly reactive. Next‚ a discussion on strategy and ethics is given. This is followed
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standard costs in a departmentalized factory. Distinguish between actual and applied factory overhead. Standard Costing •The purpose of standard cost accounting is to control costs and promote efficiency. •It is not another accounting method for accumulating manufacturing costs‚ but is used in conjunction with such methods as job order‚ process‚ or backflush costing. •Standard costing is based on predetermination of what it should cost to manufacture a product‚ and the inventory accounts are debited
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Shawn Fiedler Westover Electric Problem MGMT 486 After organizing and looking at the Westover Electric data‚ I found there to be some trends in the data as for causes for the problems when looking at charts I made. After adding up the total defects in the month and organizing them by type there were three specific defects that accounted for 80.97% of the total defects. Going from most to least number of defects by cause‚ 31.17% happened from abraded wire‚ 25.51% from broken leads‚ 24.29% from
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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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Your work role Task B 1.Term and conditions of my employment work include: Name of company‚ address‚ telephone number. Employee name‚ address and telephone number. Job title‚ place of work Date of start‚ probationary period (3months)‚ notice period (1 month) hours of work Rate of pay‚ hours and where will my salary be paid Overtime Rate Notice of Termination ( 1 month by each side) Holiday entitlement it’s conditions Bank/Public Holidays Absence Payments
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the details of the company that we managed to visit‚ AJ Food Industries. It’s focusing on the product costing which is how the company compute its unit costs in determining the proper amount of overhead cost. We proposed the company to use Activity-Based Costing which is multiple bases in considering the overhead cost. Its an advantage for the company that involved with complex manufacturing process. In this study‚ we take mayonnaise produced by AJ Food Industries in two flavors which are regular (MAYO
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Case Study: Siemen’s simple structure—not Question one: When the manager is tring to restructured company have to consider not just the results are beneficial to the company‚ but also take into account the employee can accept such adjustment‚ as a part of the company‚ they also have to face these changes‚ if employees cannot adapt to these changes‚ then the program will also make the company’s working efficiency low. Question two: In this case we can see‚ the new structure of Kleinfeld reduces
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Tesla Motors INTRODUCTION Attention Getter/ Thesis Statement: Tesla’s designs and ideas have changed the world. Most of our cars and trucks currently run on gasoline‚ and the shortage of fossil fuel is becoming a serious matter. The available alternatives are Electric‚ Hydrogen and Hybrid vehicles. Hybrid cars still emit carbon dioxide; Hydrogen cars produce pure water as waste‚ but technical problems need to be overcome. Moreover‚ hydrogen fuel cells use platinum for catalysts and supplies
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