COST ACCOUNTING Select the one best answer for each: 1. Which one of the following would not be classified as manufacturing overhead? a. Indirect labor b. Direct materials c. Insurance on factory building d. Indirect materials 2. Prime costs of a company are $3‚000‚000‚ manufacturing overhead is $1‚500‚000 and direct labor is $750‚000. What is the amount of direct materials? a. $1‚500‚000. b. $750‚000. c. $2‚250‚000.
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ABC‚ Inc.: The Hiring Snafu COMM/215 August 6‚ 2012 ABC‚ Inc.: The Hiring Snafu In today’s business world‚ most companies‚ like ABC‚ Inc.‚ seek to expand their workforce to increase productivity and profitability. Through proper planning‚ time management and communication‚ the hiring of new trainees for ABC‚ Inc. should be a fairly easy process for its recruiter. Employing new personnel can present various challenges for a recruiter if they fail to prepare properly. ABC‚ Inc.’s new
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Caleb Casey 12/05/12 “Driven From Within‚ Michael Jordan” “Driven from Within‚ Michael Jordan” written by Mark Varcil is a story about a man wanting to be perceived as a person who played his best in all facets‚ not just scoring (5). This story tells the intriguing and successful story of Michael Jordan‚ the best basketball player on Earth and a man who loved a challenge. I will discuss three points that interested me in the book; how Michael Jordan was cut from his high school basketball
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Mission‚ Vision and Values to implement The mission‚ vision‚ and values of ABC Investment Plc should reflect the works of the company in providing useful broadcasting services to the EU regions various communities while promoting the interest of the general public which will be stated in the company Charter and Agreement such as: • To provide high quality‚ informative TV and Radio programming to our various communities in the EU region where they broadcast from. • To develop‚ promote and preserve
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Cost Leadership: Any organization in order to survive in a highly competitive market should be able to achieve sustainable growth and profitability. Companies that have managed to reduce costs and understand the cost technology can obtain sustainable advantage as a cost leader. In order for any company to become a cost leader is important that the cost technology is understood and the five constituent steps are implemented and followed by the management. The five steps towards obtaining
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A description of the ABC model of crisis intervention cannot be complete without an understanding of the nature of a crisis itself. Inherent in a traumatic and often unexpected event is the element of human reaction‚ which is subject to a variety of factors. Influences such as the psyche of the individual and predisposition towards resiliency‚ the social and cultural milieu in which crises arise‚ and the nature and severity of the precipitating event all contribute to the terrifying reality of
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Designing Customer Driven Marketing Strategy: Now-a-days companies recognize that they can not appeal to all buyers in the marketplace or at least not to all buyers in the same way. Buyers are too numerous‚ too scattered‚ and too varied in their needs and buying practices. Moreover‚ the companies themselves vary widely in their abilities to serve different segments of the market. There are 4 steps of designing customer driven marketing strategy. They are described below: (i) Market Segmentation:
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Cost Theory in Economics A central economic concept is that getting something requires giving up something else. For example‚ earning more money may require working more hours‚ which costs more leisure time. Economists use cost theory to provide a framework for understanding how individuals and firms allocate resources in such a way that keeps costs low and benefits high. 1. Function * Economists view costs as what an individual or firm must give up to get something else. Opening a
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Bang & Olufsen: Design Driven Innovation – Prep work The key concern identified in this particular case is that Bang & Olufsen are lacking a strong sense of management. Designers seem to be the forefront of business innovation and innovation management needs to be altered. The article identifies that the designers are making major decisions in terms of product development‚ and although this may seem effective‚ management should have an influence on the entire company in order to make informed
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Self-Cleaning Filter System Cuts Maintenance Costs Monday‚ October 08‚ 2001A routine oil and filter change in the tight quarters of the engine room onboard a boat is normally a messy and awkward job. Buckets of used lube oil and filter cartridges must be lugged up the narrow galley stairs for disposal and new oil and filters must be carried down the stairs‚ all in the short time while the boat is in dock for maintenance. Boston Harbor Cruises found that Alfa Laval’s Eliminator‚ an automatic self-cleaning
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