Costs and Revenues What is cost? If you go to a store and like an item and you want to buy it‚ which of the following questions would you ask: What’s the price of …..? 0R How much does …. cost? Examples of costs – set-up Examples of costs - running Fixed Costs 5000 What happened to the fixed costs if for some reason the company had technical problems and was unable to produce for 2 weeks? What happens if the landlord decided to raise the rent due to high property prices
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COST OF PRODUCTION CONTENTS 1. Introduction 2. Types of costs 3.1 Opportunity‚ implicit and explicit costs 3.2 Fixed and variable costs 3.3 Average costs 3. Types of cost curves 4.4 Marginal cost curve 4.5 Average cost curves 4. Costs in Short run and in the Long run 5.6 Short run 5.7 Long run 5.8 Economies of scale 5. Cost analysis in the real world 6.9 Economies of scope 6.10 Experiential
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Porter’s Five Forces- Threat of New Entrants Since its introduction in 1979‚ Porter’s Five Forces has become the de facto framework for industry analysis. The five forces measure the competitiveness of the market deriving its attractiveness. The analyst uses conclusions derived from the analysis to determine the company’s risk from in its industry (current or potential). The five forces are (1) Threat of New Entrants‚ (2) Threat of Substitute Products or Services‚ (3) Bargaining Power of Buyers
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Chapter 6--Process Costing Student: ___________________________________________________________________________ 1. A process is a series of activities or operations‚ which are linked to perform a specific objective. True False 2. The cost flows for a process-costing system are totally different from those of a job order costing system. True False 3. Process systems are characterized by a larger number of homogeneous products passing through a series of processes. True False
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Example of codeswitching –Ой‚ Лилечка‚ я твой кол промисала‚ не смогла вернуть сразу. Все так бизи была с кастомерами. Так что я сорри. –Да‚ итс окей‚ Ритуль. Я тут к тебе в офис еду. Дай дирекшнс. К тебе какой экзит брать-то? –Бери 10-й‚ и после второго трефик лайта сразу у гез-стейшн паркуйся. Translation (word to word): * Oops‚ Lilechka‚ I your call missed‚ couldn’t return immediately. All so busy was with customers. So I sorry. * Yes‚ it’s ok‚ Ritul’. I here to your office driving
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working at Hatch Auto Sales. It is an important event of my life because it was my first job. I started working there because I wanted some money to buy my own things and don’t be asking my parents for money every time I wanted something. In Hatch Auto Sales I work wash cars and I get paid 9 dollars an hour.I feel like this is the right job for me because it is not difficult to and it’s not boring either.It is not boring because 2 of my friends also work with me. Working in Hatch Auto Sales is good
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Chapter 1 Basic Cost Concepts Learning Objectives • To understand the meaning of different costing terms to understand different costing methods • To have a basic idea of different costing techniques • To understand the meaning of cost sheet In order to determine and take a dispassionate view about what lies beneath the surface of accounting figures‚ a financial analyst has to make use of different management accounting techniques. Cost techniques have a precedence over the other
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30% Managing Director 3 Md. Tanvir Khan 1000 10% Finance Director 4 M A Halim 2000 20% Director 10000 100% Total: 1 Remarks 2. Particulars of Project: a. Name of the Project: b. Halim Auto Rice Mill. Background of the Project: The Project envisages for setting up an Automatic Rice production plant on an area of land measuring 300 decimal of own land at Mouja : Shantipur‚ Upazila: Gopalgonj‚ Dist. Gopalgonj. The Project is intended
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Car Industry Porters 5 Force Porter (1980) illustrates in this analytical tool 5 variables that determine the attractiveness of an industry for organisations in terms of profitability in their immediate environment. Using the forces in this model we can analyse how attractive the global car industry is to enter‚ the 5 forces are as follows. The threat of potential new entrants High barriers to entry is one of the determinants of whether a firm can enter into the industry or not‚ the
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Cost Segregation is the use of accelerated depreciation methods on certain assets in order to increase depreciation expense‚ which lowers taxable income and therefor increases cash flow. For this cost recovery system‚ it is procedure to classify components of property‚ for example a building‚ into different categories‚ and depreciate them accordingly. According to the Journal of Accountancy (journalofaccountancy.com‚ cost segregation begins at the time of purchase. At this time‚ the client who
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