COST ANALYSIS OBJECTIVES INTRODUCTION MEANING DEFINITIONS TYPES OF COSTS MONETARY COSTS REAL COSTS OPPORTUNITY COSTS ECONOMIC COSTS ACCOUNTING COSTS INCREMENTAL COSTS SUNK COSTS FUTURE COSTS PRIVATE‚ EXTERNAL AND SOCIAL COSTS FIXED / SUPPLEMENTARY / OVERHEAD COSTS VARIABLE / PRIME COSTS REPLACEMENT COSTS PRODUCTION COSTS SELLING COSTS CONTROLLABLE COSTS DIRECT COSTS INDIRECT COSTS SHORT RUN COSTS CURVES LONG RUN COSTS CURVES OBJECTIVES To understand the meaning of cost. To discuss different types
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The Cost of Absenteeism Any company’s successful operation depends in large part on the attendance of its employees. Unnecessary or unexcused absences affect company operations. Some absences are unavoidable. Others are worth taking steps to control. Absenteeism costs companies more money every year. Can you figure out what absenteeism costs your company in any given month? Can you multiply that by 12 to see what it costs in a year? Remember‚ this isn’t taking into account the cost of replacing
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Travel is a very good means of broadening a person’s perspective. It makes us come into contact with different cultures‚ meet people of different colors and enjoy different experiences. Travel may also relieve person of boredom‚ which brings us enjoyment and attraction. It gives you a pleasant experience‚ which will disperse our boredom and make us forget whatever annoys us. Travelling much‚ we will not only enrich our knowledge and experiences‚ but also be aware of the Magic of nature. I don’t
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COST SHEET FOR AMUL ICE-CREAMS [pic] PRESENTED BY HIRAL MEHTA 61 SAURAV MEHTA 62
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Peanuts and Cost Accounting A problem faced by a Restaurateur (Joe) as revealed by his Accountant-Efficiency Expert (Eff. Ex.) EFF. EX. Joe‚ you said you put in these peanuts because some people ask for them‚ but do you realize what this rack of peanuts is costing you? JOE It ain ’t gonna cost. ’Sgonna be a profit. Sure‚ I hadda pay $25 for a fancy rack to holda bags‚ but the peanuts cost 6 cents and I sell ’em for 10 cents. Figger I sell 50 bags a week to start. It ’ll take 12 ½ weeks to
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The best way to travel is in a group led by a tour guide. Use specific reasons and examples to support your answer (essay) There are two opinions for the question. Some people think it is better to travel in group with a tour guide‚ some others think that it is better to travel alone or in a small group without a tour guide. I am from the second ones. I think that when you find out something what deserves your attention the thrill will be bigger. Just the fact that you are almost alone in
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on his journey by his standard blue French poodle Charley. The journey was undertaken in a ¾-ton pick-up truck with a specially fitted camper shell‚ which Steinbeck nicknamed Rocinante‚ after Don Quixote’s stubborn horse. The second section of Travels with Charley chronicles Steinbeck’s passage from Long Island to Connecticut‚ beginning with his ferry ride from Long Island‚ during which he watches several submarines surface and discusses them with a Navy submarine sailor. While the sailor speaks
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Why should people travel to school or walk? Nowadays there is a phenomenon that more and more technology comes up‚ it’s really convenient to people‚ so humans purchase car instead of bike‚ they enjoyed And happiness‚ but recently the experts appeal that with the development of economic‚ humans should understand to protect environment from get profit. Of course‚ in contemporary‚ most of us will choose drive to school‚ it always has advantages over disadvantages‚ but the Earth we protect should
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Costs and Revenues What is cost? If you go to a store and like an item and you want to buy it‚ which of the following questions would you ask: What’s the price of …..? 0R How much does …. cost? Examples of costs – set-up Examples of costs - running Fixed Costs 5000 What happened to the fixed costs if for some reason the company had technical problems and was unable to produce for 2 weeks? What happens if the landlord decided to raise the rent due to high property prices
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article that I read was What’s The Fuss about Cost of Living? Found on hrmtoday.com‚ written by Chuck Csizmar dated March 29‚2012. Chuck is the founder and principal of CMC Compensation Group‚ an independent global compensation consulting firm. In his article he breaks down the different views employers and employees have on the cost of living issue Employees often complain about cost of living and that their increase does not match or is less than cost of living. As well‚ many employees want their
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