Cost Classifications and Estimation 2.0 Introduction Cost classification may be defined as ‘the arrangement of cost items in a logical sequence having regard to their nature and purpose to be fulfilled’. The term cost must be qualified when in use in order that its precise meaning is established in a particular situation; however‚ cost refers to the amount of resources that have been diverted from other uses or sacrificed so as to achieve the desired objective. But the term is used to refer to
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INTRODUCTION Capital Mortgage Insurance Corporation (CMI) sells insurance to lenders protecting against mortgage default losses. They are a wholly owned subsidiary of Northwest Equipment Corporation. Following their acquisition in 1978‚ CMI’s goal has been to rebuild their business and diversify their services. Mortgage insurance is used to protect mortgage lenders (ie originators and/or underwriters) by transferring mortgage risk‚ and notably tail risk‚ from lenders to insurers. Insurers by their
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Group Roles Tiye Jackson and Alexandra Monserez will serve as the harmonizers of Group 10. They will mediate group conflicts and reduce any tension between members. Ann Lorrayne Bzoch will serve as the gatekeeper by encouraging other members to participate and serve their role. Kelsey Harris will serve as the summarizer by keeping track of what occurs at group meetings. Sarah Hawkins will serve as the encourager by praising and supporting the thoughts and actions of other group members. Lastly‚ Caroline
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Costs of Incarceration Introduction to Corrections Incarceration Costs Money is a huge issue with problems in America and in America the costs for corrections is going up every year. Some may argue that this is because of more people getting in trouble‚ jails are too full‚ or others may argue that the programs are not working to cut down recidivism rates. Regardless of what argument one makes this research paper shows results on how worth a program is based on money and recidivism
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About Writing Adapted from: A Sense of Belonging – Oxford University Press Australia 1) Plot The plot is what happens in the story. It can range from the very simple‚ to very complicated. Simple plots usually depend on other factors to bring the story to life in the reader’s mind. A simple example of a narrative plot is the introduction-rising action-climax-resolution model. Certain stories have expected story lines‚ while others are complex or have so many twists that the reader is caught by
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exiled to Shrek’s swamp. Lord Farquaad sends him a quest to save Princess Fiona from a dragon guarded tower‚ and in return his swamp will be given back and along with it‚ his most desired privacy. This film supports many ideas about both belonging and not belonging‚ one central idea that circulates through the movie is the fact that Shrek doesn’t belong because he is
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Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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actually do graduate. I ‚ on the other hand‚ know exactly what I plan on doing after high school. I plan on enlisting into the Marines for reasons involving a sense of belonging or brotherhood‚ a sense of purpose‚ and to have some sense of order in my life. First‚ I plan on enlisting into the Marines to get a sense of belonging that i’ve gotten almost nowhere else. The Marines are strict on the saying “no man left behind”. To me this has a certain attractiveness because regardless of it being my
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Behavioral Costing British Aerospace case study A. Introduction When we think about the cost of an aircraft‚ we tend to think of the cost of buying the product rather than the costs of running it! British Aerospace’s service to the customer does not stop at the aircraft acquisition stage‚ when the airplane is sold to the customer. If anything‚ this is when the customer relationship begins. This case study focuses upon the processes involved in behavioral costing aircraft components. Given
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