Project managers must take cost estimates seriously if they want to complete software projects within budget constraints. After developing a good resource requirements list‚ project managers and their software development teams must develop several estimates of the costs for these resources. There are several different tools and techniques available for accomplishing good cost estimation. Software development project managers should prepare several types of cost estimates for most projects. Three
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business and how the new equipment will help the business to function and the cost of the product will determine what the managers of the business decides. Marginal costs are change in total costs divided by change in output. Marginal revenue is the change in total revenue divided by change in output. Increase in fixed costs means that when the fixed costs cannot be changed it is the short run and when the fixed costs change it is the long run. The second questions that I chose to answer was
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CHAPTER 3 ACTIVITY COST BEHAVIOR LEARNING OBJECTIVES AFTER STUDYING THIS CHAPTER‚ YOU SHOULD BE ABLE TO: 1. Define and describe fixed‚ variable‚ and mixed costs. 2. Explain the use of the resources and activities and their relationship to cost behavior. 3. Separate mixed costs into their fixed and variable components using the high-low method‚ the scatterplot method‚ and the method of least squares. 4. Evaluate the reliability of the cost formula. 5. Explain how multiple regression
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Choosing A Career That Can Fit For A Lifetime Choosing a career is a very important part of becoming an adult. I believe that making the right career choice will bring financial stability‚ advancement opportunities and employment that I can be satisfied with all of my life. There are so many careers to choose from. I once thought I was sure that I would grow up and be a doctor but now I am finding there are many options that can still pay me well and that I can enjoy doing. It is important
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The Costs of Production Production and Costs Costs in the Short Run Fixed Costs Implicit Costs Explicit Costs Variable Costs Average Costs Marginal Costs The Symmetry Between Production and Costs Total Product and Total Cost Curves Geometry of Average and Marginal Costs Curves Average Physical Product and Average Variable Costs Marginal Physical Product and Marginal Cost Costs in the Long Run Isocost Lines Cost Minimization The Expansion Path and the Long Run Total Cost Curve Average Cost and
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Biyani’s Think Tank Concept based notes Cost Accounting [ B.Com. Part-II] B.N. Gaur MBA‚ PGDBM‚ Lecturer Deptt. of Commerce & Management Biyani Girls College‚ Jaipur Fore more detail:- http://www.gurukpo.com Published by : Think Tanks Biyani Group of Colleges Concept & Copyright : ©Biyani Shikshan Samiti Sector-3‚ Vidhyadhar Nagar‚ Jaipur-302 023 (Rajasthan) Ph : 0141-2338371‚ 2338591-95 • Fax : 0141-2338007 E-mail : acad@biyanicolleges.org Website :www.gurukpo.com; www
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present: the spiritual joy which they experience is tangible. Moreover‚ that very joy is waiting to be shared. Undoubtedly‚ the close connection which these pious religious have to the Immaculate Heart of Mary continually inspires them to be consecrated religious striving to imitate the abundant joy found deep in the words and actions of Mary. (4) Spiritual Vessel (Vas spirituale) The noun “vessel” imperfectly expresses the intended meaning of this advocation. The Latin “vas” (vessel) is used
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My Fair Lady My Fair Lady is a 1964 musical film adaptation of the Lerner and Loewe stage musical‚ My Fair Lady‚ based on the film adaptation of the stage play Pygmalion by George Bernard Shaw. The ending and the ballroom scene are from the 1938 film Pygmalion rather than Shaw’s original stage play. The film was directed by George Cukor and stars Audrey Hepburn and Rex Harrison. The film won eight Academy Awards‚ including Best Picture‚ Best Actor‚ and Best Director. Plot In Edwardian London
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Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
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warehousing and shipping cost is not really correct. The current method is direct method which ignores In term of Shipping and Warehousing cost‚ low volume products should incur this cost instead of both high volume and low volume products. Because‚ high volume products are deliveried directly to customer so it does not incur the cost of shipping. The low volume products which are sent to distribution center incurred the cost of shipping and warehousing. However‚ the cost of shipping and warehousing
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