“safety net” for life circumstances. Communicating Changes to the Total Rewards Program In preparation for employees to accept a total rewards program in an organization‚ it communication between all levels must be clear and concise. First‚ the organization need to utilize various communication venues‚ such as emails‚ newsletters‚ social media outlets. Personalizing the message is a key indicator of the
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M‚ P‚ D‚ P‚ D‚ CS‚ DP 2-25 1. 1. # of Trans 2. # of Emp 3. CPU hrs 4. # of RS 5. # of PO 6. # of Del 7. # of Inv 2. 1. # of JE 2. Sal & Wg 3. # of Trans 4. # of New Prod 5. # of Matl Types 6. Dist Trav 7. # of Cr Sales Trans 2-26 2. Total=$2‚000; $20/attendee 3. Total=$3‚600; $7.2/attendee 2-27 1. FC=$28‚000 VC per flange=$1 (material) + $2.80(labor) 2. OI $(7‚000) 3. OI $24‚000. 2-28 3. a. inv b. inv c. per d. per e. inv f. per g. per h. per 2-29 1a.Purch $152‚000 1b.COGS $145‚000 2. OI $34‚000 2-30
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Cost Accounting Manual 2013 STUDY NOTES FOR COST ACCOUNTING BY ATAUSH SHAFI Last Updated on: Tuesday‚ January 01 01‚ 2013 1 © For Suggestions & Feedbacks‚ contact: ATAUSH SHAFI (ataushshafi@gmail.com) Cost Accounting Manual 2013 Table of Contents CIMA OFFICIAL TERMINOLOGY .................................................................................... 3 COST OF GOODS SOLD FORMULE................................................................................ 13 COST CLASSIFICATION ...
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achieve world-class competitiveness:- * Manufacturing is a primary area * U.S. automakers have greatly improved the quality of their cars in recent years * The Japanese have continuously improved quality and thus still have the lead Total Quality Management Decisions (TQM) Many successful TQM techniques applied to manufacturing * MNCs use TQM techniques * Tailor output to customer needs * Require their suppliers use same approach * Concurrent engineering/interfunctional
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of output per month (working 20 days / month). The daily wage (per worker) is $70‚ and the price of the firm’s output is $32. The cost of other variable inputs is $2‚000 per day. The firm’s fixed cost is “high enough” so that the firm’s total costs exceed its total revenue. The marginal cost of
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Question 1 5 out of 5 points Economic profit is defined as the difference between revenue and ____. Answer Selected Answer: total economic cost Correct Answer: total economic cost Question 2 5 out of 5 points Recently‚ the American Medical Association changed its recommendations on the frequency of pap-smear exams for women. The new frequency recommendation was designed to address the family histories of the patients. The optimal frequency should be where the marginal benefit of an
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utilization of the plant is factored in to allow for fluctuations in the output. The profit margin is computed as a fixed percentage of the average total cost of the product. Pricing - full cost-plus pricing Full cost plus pricing seeks to set a price that takes into account all relevant costs of production. This could be calculated as follows: Total budgeted factory cost + selling / distribution costs + other overheads + MARK UP ON COST An illustration of applying this method is set out below:
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breakeven analysis‚ we assume that total fixed cost keep the same within the related range. But in the fact‚ the output exceed the relevant range‚ the total fixed cost will increase. 4. We assume that variable cost per unit keep the same and total variable cost can be represented as a straight line. But in the fact‚ if we change the supplier‚ the cost of material may decrease; the variable cost per unit may change. 5. We assume that selling price keep the same and total sales can be represented as a
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These 5 months it will be running because of the cold season which starts in November and ends at March. During these cold weathers Slushies won’t be sold. Production Schedule Labour |Total Product |Marginal Product |Fixed Cost |Variable Cost |Total Cost |Marginal Cost | |0 |0 | ___ |800 |0 |800 | _______ | |1 |60 |60 |800 |160 |960 |160 | |2 |180 |120 |800 |300 |1100 |140 | |3 |260 |80 |800 |450 |1250 |150 | |4 |230 |-30 |800 |575 |1375 |125 |
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NOVA SCHOOL OF BUSINESS AND ECONOMICS MANAGEMENT ACCOUNTING (1202) HANDBOOK OF EXERCISES 2014 / 2015 Page 1 / 69 NOVA SCHOOL OF BUSINESS AND ECONOMICS MANAGEMENT ACCOUNTING (1202) HANDBOOK OF EXERCISES 2014-20151 I - Introduction to Management Accounting Exercise 1 Exercise 2 Exercise 3 Exercise 4 Exercise 5 Exercise 6 - The MA Company - The Alimentar Company - The Alfa Company - The Metalex Company - The Reparadora Company - The DoceAroma Company II - Inventory Valuation and Profit Measurement
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