basis adopts the accepted cost concept of what the product can bear while the physical measurement basis is based on physical measures as weight‚ volume etc. Literature survey has highlighted certain other methods as techno commercial factor evaluation basis and input based cost driver basis. Robert Kaplan and Antony Atkinson have given an illustration as how the joint and by-products costing method can be used as a tool in the resource allocation process. The paper aims to generate further discussion
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What does Co-optitude mean to me? First we must take a look at the parts which make up "Co-optitude." First there is "Co-op‚" short for cooperation. Webster’s dictionary defines ’"cooperation" as an act or instance of working or acting together for a common purpose or benefit; joint action. This Youtube show starring Ryon Day and Felicia(this time Jess Marzipan) frequently showcases cooperation to some degree. Then there is "ptitude‚" which is short for "aptitude‚" which Webster’s dictionary defines
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Super Bakery’s Costing Methods Assigning cost can be a tedious process‚ and traditional costing methods such as job order and process order costing systems will not accurately assign cost. Super Bakery‚ Inc.‚ a company that produces nutrient enriched doughnuts‚ had to restructure their costing system in order to appropriately price their products. It was eventually decided to use activity based costing (ABC). The virtual nature of the company made this costing method a more accurate tool for
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Competitive advantage therefore can be achieved by establishing cost leadership. The ultimate challenge faced by any company would be to leverage between the escalating operational costs and falling revenues so as to maximise the profits. Determine the costing procedure of an airline industry and the various possible efforts it takes to reduce the costs. The airline industry employs a trend and horizontal analysis to evaluate its performance and productivity. This industry can be categorised into international
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In 1837 Charles Lewis Tiffany and John F. Young opened Tiffany & Young‚ with $1‚000 in backing from Tiffany’s father. This store was located on Broadway and was opposite of Manhattan’s City Hall Park. The first store sold stationery and a variety of "fancy goods‚" including costume jewelry. Unlike other stores of the time‚ Tiffany featured plainly marked prices that were strictly enforced to‚ sparing the customer the usual practice of haggling with the owner or sales man. Tiffany also departed from
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and Disadvantages of Co – education Co – education exists when boys and girls learn together in one school. It first existed in Greece because of the belief of Plato‚ a Greek philosopher‚ that co – education helps in the development of the personality of both men and women when they are put together in the same school or class. It is prevalent in many countries because of its advantages‚ but for some‚ they do not want it because of its negative effects. In most countries‚ co – education is implemented
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CHAPTER 12 Cost Sheet (or) Statement of Cost ELEMENTS OF COST Introduction Elements of cost are necessary to have a proper classification and analysis of total cost. Thus‚ elements of cost provide the management with necessary information for proper control and management decisions. For this purpose‚ the total cost is analysed by the elements or nature of cost‚ i.e.‚ material‚ labour and overheads. The various elements of costs may be illustrated as below: Elements of Cost ~ t
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SUPERVISION Introduction The important function of supervising teaching traditionally fell in the realm of the school inspector alone. Progressively‚ however‚ this function is being shared with other supervising officers who have a direct or indirect influence on the classroom teacher’s motivation and morale. The function of supervision is now the responsibility of all education managers‚ including heads of departments‚ headteachers‚ school inspectors and other senior education officers at the school
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Defining‚ Modeling & Costing IT Services Integrating Service Level‚ Configuration & Financial Management Processes In our cost driven economy IT is facing increasing pressure to account for and reduce cost wherever possible. The old axiom “You must do more with less” has never had such an impact on IT operations and support as it does today. Thousands of IT managers are being placed in a situation which forces them to defend their staffing levels against both internal as well as external threats
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Is Standard Costing Still Relevant? Motivation The activity-based costing (ABC)‚ Just-in-Time (JIT)‚ the balanced scorecard‚ and target costing methods appeared and used wide‚ it leads to confusion about the sense of relevant of standard cost. Besides‚ standard costing and variance analysis had become disconnected from actual practices at the industry level. Research question In this case‚ author solved four questions: 1. Is standard costing used in Dubai? 2. How important are various functions
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