have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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What is Business Communication Business Communication is neither transmission of message nor message itself. It is the mutual exchange of understanding‚ originating with the receiver. Communication needs to be effective in business. Communication is essence of management. The basic functions of management (planning‚ organizing‚ staffing‚ directing and controlling) cannot be performed well without effective communication. What is Business Communication..contd Business communication involves
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Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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Diploma in Business Administration BM 2011 Business Communication Assignment 1 Name : Cheok Khar Shin Name : See Chun Ching Submitted to : Ms. Shima Shazmimi Date of Submission : Week 3 (Respective of your tutorial classes) 7Cs of Communication What is communication? According to the National Communication Association‚ communication defined as a diverse discipline which investigate by the social scientist‚ social humanist and the critical as well as the cultural studies scholars (National
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School Of Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item.
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December 12‚ 2006 PROPOSAL TO REDUCE THE COST OF COLLEGE TEXTBOOKS By Christa Lavey Today more than ever it is critical for America ’s young generations to attend college and receive a degree in order to be successful. However‚ rising prices in tuition and other expenses have put substantial financial strain on parents trying to pay for the constantly increasing costs of college. It puts even more strain on students who will be forced to pay back enormous student loans once they graduate
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October 17‚ 1991 TO : John Lame FROM : Kevin Smith SUBJECT : Permission to refund customer $150 You and I both know the company refund policy. However‚ I’ve recently been dealing with a customer in which I believe we should make an exception for. Five weeks ago‚ Jane Boles ordered our L2000 HP Slim. This model‚ being one of our more popular computers‚ was on backorder. I advised Ms. Boles to send a check immediately to receive her computer as soon as it came in. She
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3/26/13 Junior M ar keting Executive - CILANTRO CULINARY ACADEM Y A d ve rti se d :2 5 -2 -1 3 | Cl o si n g Da te :2 5 -4 -1 3 CILANTRO CULINARY ACADEM Y Cila ntro Culina ry Aca de m y is the la rge st priva te voca tiona l culina ry a ca de m y in Ma la ysia . Es tablis hed s inc e 2006‚ we area highly res pec table Profes s ional Chef Training Ac ademy loc ated in USJ‚ Subang Jay a. Being the pioneer in the c ulinary educ ation‚ our es tablis hment is well-k nown in the c ulinary educ
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Information : this comes from a wide variety of sources and an effective business person will research information from a range of sources before making decisions. Verbal information : Face-to-face verbal communication is best way to communicate . There is less scope for misunderstanding and it allows for verbal and non-verbal massages . Written information : Writing is the use of physical symbols to present words . Words are the sounds that make up speech . But this definition can be broadened
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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