manufacturing cost categories. LO2 Distinguish between product costs and period costs and give examples of each. including calculation of the cost of goods sold. LO4 Prepare a schedule of cost of goods manufactured. LO5 Understand the differences between variable costs and fixed costs. LO6 Understand the differences between direct and indirect costs. LO7 Define and give examples of cost classifications used in making decisions: differential costs‚ opportunity costs‚ and sunk costs. LO8
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A Modest Proposal written in 1729 by Jonathan Swift is a Juvenalian satirical essay. Swift’s purpose in writing this proposal was to point out the problems in Ireland‚ which was poverty and overpopulation of poor people. He sarcastically suggested that the solution to solve these problems was to eat children. Thus‚ this is what makes his satirical essay Juvenalian. It is Juvenalian because it is filled with dark moral indignation and absurd suggestion of murdering thousands of innocent children and
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Monitoring and evaluating knowledge management strategies Nature does not measure. Nature recognizes patterns. (Senge) IKM Background Paper October 2009 Joitske Hulsebosch‚ Mark Turpin and Sibrenne Wagenaar IKM Background Paper‚ Monitoring and evaluating knowledge management strategies. October 2009. About IKM Emergent In April 2007‚ a five-year research programme was approved for funding by the Directorate General for International Cooperation (DGIS)‚ which is part of the Dutch Ministry
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CHANGES IN SOCIETY‚ CULTURE AND TECHNOLOGY AND THE CONSEQUENT IMPACT ON HUMAN CAPITAL 2. The changes in society specifically are transformations in society‚ culture and technology. Social changes include any alteration in the society in terms of cause and effect of intra social relations‚ or the institutions of family and marriage and other such cultural aspects. Change is absolutely inevitable and it is largely unplanned. The four major factors encompassing the social changes are:- (a) Change is
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Read Savage Inequalities by Jonathan Kozol. Kozol examines the inequities in school financing between Urban and suburban schools‚ Chapter 3 (2 points) In 1964‚ the author‚ Jonathan Kozol‚ is a young man who works as a teacher. Like many others at the time‚ the grade school where he teaches is segregated (teaching only non-white students)
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Threatening the very principles that built our great nation‚ the presence of apartheid schools in the American educational system presents a real and prevalent problem often overlooked by many citizens and political leaders. In Shame of the Nation‚ Jonathan Kozol details his astounding experiences in these schools‚ where black and Hispanic students represent a majority of the student population despite the Brown decision calling for the integration. In Chapter 2‚ Kozol recaps and reflects on his experiences
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Essay From 1661 to 1722 the emperor of China‚ K’ang-hsi‚ has lived a strenuous yet fruitful life exceeding above and beyond the standards that a normal emperor usually lives up to within his ruling time. The author of the book “Emperor of China” by Jonathan D. Spence has translated documents written by the emperor himself (K’ang-hsi) in order to almost perfectly portray a “self-portrait” of the emperor in the span of his reign during the Ch’ing dynasty. My essay will consist of a few ways on how a king
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Cost classification is the process of grouping costs according to their common characteristics. A suitable classification of costs is of vital importance in order to identify the cost with cost centres or cost units. Cost may be classified accounting to their nature‚ i.e.‚ material‚ labor and expenses and a number of other characteristics. The same cost figures are classified according to different ways of costing depending upon the purpose to be achieved and requirements of particular
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Classification of Cost Cost may be classified into different categories depending upon the purpose of classification. Some of the important categories in which the costs are classified are as follows: 1. Fixed‚ Variable and Semi-Variable Costs The cost which varies directly in proportion with every increase or decrease in the volume of output or production is known as variable cost. Some of its examples are as follows: • Wages of laborers • Cost of direct material • Power The cost which does
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COST CLASSIFICATION CONCEPT OF COST: DEFINITION: A SACRIFICE OR GIVING UP OF RESOURCES FOR A PARTICULAR PURPOSE FREQUENTLY MEASURED BY THE MONETARY UNITS (RUPEES‚ DOLLARS) THAT MUST BE PAID FOR GOODS AND SERVICES . ➢ EMPHASIS ON COST INFORMATION: MANAGEMENT ACCOUNTANTS PAY A LOT OF ATTENTION TO COSTS BECAUSE COST HAVE A VITAL ROLE TO PLAY IN PLANNING ‚ EVALUATING AND DECISION MAKING. FOR EXAMPLE IN PLANNING THE ROUTE AND FLIGHT SCHEDULES THE MANAGER OF AN AIR LINE MUST CONSIDER
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