Activity-Based Costing 4-1 4-2 Traditional Costing and Activity-Based Costing Traditional Costing Systems Allocates overhead using a single predetermined rate. ► Job order costing: direct labor cost may be the relevant activity base. ► Process costing: machine hours may be the relevant activity base. Assumption was satisfactory when direct labor was a major portion of total manufacturing costs. ► Wide acceptance of a high correlation between direct labor and overhead
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Based upon customer order size‚ prices should have been varied and the cost determination of the DOP should have been evaluated as it generated a loss. 2. Develop an ABC system for Dakota based on Year 2000 data. Calculate the activity cost-diver rate for each activity in 2000. a. Order Entry i. Order Entry Expenses/Order Lines ii. $800‚000/150‚000= $5.3/line b. Carton Processing i. (90% of warehouse personnel expense + Cost of Items)/cartons ii. (.9*2‚400‚000+35‚000‚000)/80‚000= $464.5/carton
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product classification Products can be classified on the basis of three characteristics: durability‚ tangibility‚ consumer or industrial use. 1. Durability and tangibility. Non-durable goods are tangible normally consumed in one or a few uses (such as food‚ soap and clothing). Because these goods are consumed quickly and purchased frequently‚ the appropriate strategy is to make it available in many locations‚ charge a small markup and advrtise heavily to induce trial and build preference. Durable
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Outline the concept of the augmented product. Apply and evaluate the concept to a brand of your choice. The concept of the augmented product tries to show how the overall view of the product and brand by fragmenting it into separate dimensions. Corey (1975) describes it as “the product is the total package of benefits that the customer receives when he buys.” There are 3 dimensions; core‚ tangible and intangible. Through these dimensions the product can be differentiated from competitors and
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Thriving Under Pressure ““I want to see how far I can go‚ I want to see what I can accomplish‚ I want to see what I can do‚ what I can be‚ what I can have. I want to see. I don’t want to see what I think I can do‚ I don’t want to see what I think is possible‚ I want to see what my life would look like if I didn’t count the cards‚ and if I was willing to go further than anyone else is willing to do if I had the mentality‚ so I woke up‚ and here I am.” The way athletes deal with pressure
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Divyang.Chandiramani 1st BA.LLB – B Roll no. 1316165 The Government Of India Act of 1919 Ms.Mukta Mane School of Law‚ Christ University Index Serial no | Topic | Page no‚ | 1 | Research Methodology | 3 | 2 | Government of India Act Of 1919 | 4 | 3 | Bibliography | 9 | Research Methodology: Aim To study the Government of India Act of 1919 with regard to the Montague-Chlemsford reforms. Significance These reforms made huge changes in the executive‚ judiciary and the legislature
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Product Differentiation Definition: Development or incorporation of attributes (such as benefits‚ price‚ quality‚ styling‚ service‚ etc.) that a product’s intended customers perceive to be different and desirable. Advertising and promotion of a product is based on its differentiating characteristics. Source: http://www.businessdictionary.com/definition/product-differentiation.html Today‚ the market is crowded with similar brands‚ clamoring for the attention of customers. In order for their
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Cheating On You? 1) Enter His Email Address 2) See Hidden Social Profiles & Pics Now! Spokeo.c om/Find-Cheaters Essays » Social Research » Relationships Marriage Under 18 Years Old By bolorchris‚ Jun 2011 | 3 Pages (684 Words) | 391 Views| Report | Sign Up to access full essay This is a Premium essay Marriage under 18 years old “She may do nothing against God’s will‚ but many things she must against her own will if her husband require her.” Population council said more than 51 million
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Product Placement ’s In Movies. Does It Work? Product Placement is an amazing marketing tool that marketers have utilized for quite a long time. Even though some may ague that it is still an innovative and clever way to promote a product‚ then there are those who also argue that product placement due to its expensive price tag associated with it is not really effective; well at least not as effective as the marketers expected due to the lack of memorization of the product in the movie to the
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1.1 Choose a product or service that could be promoted. Explain how and why you would promote that product or service. Identify at least three types of personnel you could use to help you plan and organise the promotion. What role would they play? How would their skills and experience help you? At work we are currently promoting our GPS products. We have chosen to promote these via direct marketing and by targeting certain business types. I liaised with our sales consultants‚ who talk to these
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