15.514 Summer 2003 Session 17 Activity-Based Costing Objectives 1. Computation of product costs using ABC 2. Understand the role of judgment: how are cost pools and cost drivers determined? 3. Link cost data to strategic choices Game Plan & Class Pedagogy Case discussion. Reading Assignment CP: Siemens Electric Motor Works Class Preparation Questions Focus your group’s attention on the qualitative questions (1 -6). Attempt to answer questions 7 and 8 before coming to
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Cost Allocations & Activity Based Costing (ABC) Abstract The cost allocation is a process of assigning costs to different activities. There is several methodology of cost allocation. The cost driver allocates costs into different activities and locations. Health organizations use different allocation methods according to their needs to attain organization and profitability. The purpose of allocation is to make the understanding
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COMPILED BY MACHOGU IAN OBARE C++ PROGRAMMING Exact Phrase Week 1 at a Glance Day Day Day Day Day Day Day 1 2 3 4 5 6 7 -Getting Started -The Parts of a C++ Program -Variables and Constants -Expressions and Statements -Functions -Basic Classes -More Program Flow Week 2 at a Glance Day Day Day Day Day Day Day 8 -Pointers 9 -References 10 -Advanced Functions 11 -Arrays 12 -Inheritance 13 -Polymorphism 14 -Special Classes and Functions Week 3 at a Glance Day Day Day Day Day Day Day 15 16 17 18
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Topic: Product costing Ningbo lecturer: Ms. Huang HuiQin – E: huanghuiqin@nbu.edu.cn – P: 86-574-87600960 Student: Lê Uyên Phương (Phoebe) – E: leuyenphuongvn@yahoo.com – P: 86-15 757 829 310 Student ID: 1211125031 NBU Intake 12‚ 2012 Required: Examine the literature to identify the different perspectives on how a product’s cost may be formulated. Assess the strengths and weaknesses of the various approaches to product costing that have been proposed
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Cost Volume Profit Analysis and Costing for the 21st Century Abstract Cost value is the analysis of different divisions or business units of a firm on the basis of their opportunity cost and economic rent (“Cost value definition”). The objective of cost value is to determine which division or unit should be kept‚ expanded‚ sold‚ or shut down (“Cost value definition”). Cost analysis is an important component of all economic evaluation techniques‚ especially when it comes to planning and self-assessment
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Pricing objectives and pricing methods in the services sector George J. Avlonitis and Kostis A. Indounas Department of Marketing and Communication‚ Athens University of Economics and Business‚ Athens‚ Greece Abstract Purpose – The purpose of this research paper is to explore the pricing objectives that service companies pursue along with the pricing methods that they adopt in order to set their prices. Design/methodology/approach – An extensive review of the literature revealed the complete
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Activity 6- Pricing 1. Give an example of each major type of pricing objective: profit-oriented pricing‚ sales-oriented pricing and status quo pricing. Lamb/Hair/McDaniel (2012) mention that establishing realistic and measurable pricing objectives is a serious part of any firm’s marketing policy. Pricing objectives are usually categorized into three categories: profit oriented‚ sales oriented and status quo. In consistent with Lamb/Hair/McDaniel (2012) profit oriented pricing is based on profit
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Dynamic Business Environment 1-1 Chapter 2 Basic Cost Management Concepts 2-1 Chapter 3 Product Costing and Cost Accumulation in a Batch Production Environment 3-1 Chapter 4 Process Costing and Hybrid Product-Costing Systems 4-1 Chapter 5 Activity-Based Costing and Management 5-1 Chapter 6 Activity Analysis‚ Cost Behavior‚ and Cost Estimation 6-1 Chapter 7 Cost-Volume-Profit Analysis 7-1 Chapter 8 Variable Costing and the Costs of Quality and Sustainability 8-1 Chapter 9 Financial
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Determine price for each of the product of your choice based on the pricing strategies you have learnt. There are two type of new product pricing strategies which is skim pricing and penetrate pricing. Skim pricing A product pricing strategy by which a firm charges the highest initial price that customers will pay. As the demand of the first customers is satisfied‚ the firm lowers the price to attract another‚ more price-sensitive segment. * Used when * Demand for the product is
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Introduction Transfer pricing is one of the key factors of a management control system‚ which helps a company to achieve its goals‚ including profit maximization and tax minimization. There are several methods of setting transfer prices among profit centers within the same organization. Each profit center tries to set transfer prices which maximize their own profit. The buying and selling profit centers’ profits are largely affected by transfer prices. For example‚ when a high transfer price is
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