Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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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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she is doing here is dramatizing her understanding of workplace relationships and frustrations to help to students feeling at ease when sharing their complaints. At the same time‚ going against the conventional style of Vietnamese teachers‚ code-switching in this case not only creates an intimacy but also indexes a stance of daring and playfulness which portrays Haylee as someone who is funny‚ outspoken and unconventional. These identities are
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Headquaters’ Overhead Cost Allocation at Korea Auto Insurance Co. Inc. | | | |Korea Auto Insurance Co. Inc. | | | | | | | |For periods 2007 thru 2008 | | | |
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CODE SWITCHING IN SOCIETY AS THE PRODUCT OF LINGUISTICS By: Agnechia Friska Rivalny/ 126332055 Introduction In the society‚ we always interact with other people around us. When people interact with others at anytime and anywhere they must use a language. Without a language‚ people will find some troubles when they do their activities and toward the others. There is no people or society without a language. The role of a language among the people in this life is very crucial. The
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trade-in allowance of $4‚800‚ and a bank loan of $7‚350. The dealer’s cost was $11‚420‚ which included factory price plus sales commission. The manager of the used car sales department‚ Any Robbins‚ examined the trade-in vehicle. The trade-in had a wholesale guidebook value of $3‚500. The guidebook‚ published monthly‚ was‚ at best‚ a near estimate of liquidation value. Actual values varied daily with the supply-demand balance at auto auctions. These variances could be as much as 25 percent of the
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11 Allocation of Joint Costs and Accounting for By-Product/Scrap Objectives After completing this chapter‚ you should be able to answer the following questions: LO.1 LO.2 LO.3 LO.4 LO.5 How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity?
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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focused on‚ and slowly starts to show the metro then the taxis and the buses. In the end they turn towards the auto rickshaws. It shows people getting in and out of different rickshaws and where only some words are audible like locations to where the people would like to go or the fare the auto driver is demanding. Summary of Act 1 A boy is standing on the side of the road‚ and an auto passes by him. The street is secluded and there is nobody in sight. The boy is dressed in school uniform and is
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In Extract A‚ an example of switching is right at the start of the extract‚ the part in Spanish translates to “and I want to marry her‚ and she said” this phrase starts with “and” a conjunction. The English phrase before it still makes sense without the Spanish‚ it’s a complete sentence. The Spanish adds means‚ but also is a standalone sentence. He doesn’t switch back to English again until after Tina has spoken. This is a case of code switching. This code switching‚ occurs most of
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