INTERNATIONAL B-SCHOOL 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
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23‚ 2012 Article Summary: Strategic Cost Management: The Value Chain Perspective Authors of this article do not believe the concept of “value chain” has been written about enough or clearly enough and therefore attempt to state the importance of the value chain on strategy from a managerial accounting perspective. Michael Porter first wrote about this in 1985. [ (Porter‚ 1985) ] They believe that any organization must understand the entire value chain for the entire industry in order to
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My Most Memorable Academic Experiences: High School and College I am looking forward to describing my most memorable high school and college experiences. I would really love for my teachers to appreciate me for all the hard work I’ve done. For those people that didn’t know about my ambition and what it really meant to sacrifice‚ it meant a lot to my family. I’ve gotten involved in school activities‚ community service‚ and school events and a lot more. I felt that once I graduated from school I
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On a daily basis‚ humans are surrounded by noise and unable to avoid its ubiquitous presence. This poses a major problem for teenage garage bands‚ whose parental units do not approve of ear piercing feedback and novice percussionists. Although there is no guaranteed solution to the cacophony‚ sound absorbing material acts as a “noise blanket” to reduce sound to a more tolerable level. The objective of our experiment is to determine if sound absorption by foam and related materials changes with the
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Hypothesis If different age groups are placed in a room for several minutes‚ then the older they are the more time they will think has passed by because time perception is affected by age. Purpose The purpose of this project is to find out if time perception changes with age. Materials ● 3 people ( 1 8 yr. old‚ 1 33 yr. old‚ 1 57 yr.old) ● empty room ● stop watch Procedure Gather a group of subjects‚ ages 8 to 57. Simply tell the people you are conducting an
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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For myself choosing a major was a thought I was unsure of. When I was a junior in High School teachers‚ classmates and family would constantly ask “what is your major in college going to be?” my answer for a long time was ‘I have some time to think about it‚ I’m torn between a couple majors‚ or I might even take a semester off to think about it”‚ however I had no clue. Because I wasn’t sure I figured applying to any UC’s and CSU’s would be waste of time‚ I didn’t want to rush and pick something because
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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manufacturing jobs are available in market and most of them are in mechanical and electrical sector. For IT/CS/ECE engineers‚ scenario is depressing. IT companies are yet to reach the level of US firms. AS of now‚ they are just adding value to US firms as of their cost advantages. An engineer in TCS or infy is just trained to do a particular task. He is like a machine‚ no other task is assigned to him. similarly‚ there is no significant hardware manufacturing in india. Whatever we see is just
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The Meaning Of ‘True and Fair’ The expression ‘true and fair’ is one of the most common expressions used in the financial industry today. It is used to describe the required standard of financial reporting but equally to justify decisions‚ which require a certain amount of arbitrary judgement making. It is the principle that is used in guidelines ranging from auditing and financial standards to the company law acts. The term originated … The aim of the financial statements
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