Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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Chapter 16: Energy Management and Audit in Best Exports 16.1 What Is Energy? Energy is the ability to do work and work is the transfer of energy from one form to another. In practical terms‚ energy is what we use to manipulate the world around us‚ whether by exciting our muscles‚ by using electricity‚ or by using mechanical devices such as automobiles. Energy comes in different forms - heat (thermal)‚ light (radiant)‚ mechanical‚ electrical‚ chemical‚ and nuclear energy. 16.2 Definition
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INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight and Rs 10‚000
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Household energy consumption is examined in the specific context of home heating expenditures. Analysis of home heat costs across stages of the family life cycle reveals a distinctly different pattern than previously found when total household energy costs were examined. In contrast to the curvilinear pattern where expenditures peak during middle stages of the life cycle‚ these data show a positive linear relationship where higher costs are associated with elderly consumers. The research focus is
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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2008 Energy conservation is the elimination or reduction of energy we and waste every. Energy is a very important to our society. We use energy for everything transportation‚ cooking‚ heating and cooling‚ manufacturing‚ lighting‚ and entertainment. Energy is the vital force powering business‚ manufacturing‚ and the transportation of goods and services to serve the American and world economies. Can you imagine what life would be like if we did energy? Every year the United
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October 31‚ 2011 Energy Awareness Essay (962 Words) My name is James Jones. I am a candidate for the United States Presidential Race of 2012. As your president‚ I plan to make this nation an even better‚ more successful place than it is today. I want us to champion efforts far beyond our wildest imaginable dreams. One key issue is the concern over energy awareness‚ which is beginning to seize our attention more and more each and every single day. My platform for energy awareness is a simple
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attributes (e.g.‚ try to avoid broad terms like ’quality ’)‚ selected on the basis of your depth interviews (attributes that are frequently mentioned by your respondents). Since there are two brands altogether (e.g.‚ two different brands of soft drinks)‚ you need (a) 10 items to measure bi (these items are brand specific); and (b) 5 items to measure ei (these items are not brand specific). Important: When choosing the main brand (that is‚ the brand you are consulting
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Are Probiotics Drinks a con? Probiotics are live bacteria that you ingest. The bacteria then pass into the digestive area and enter the intestine‚ where they promote health. Probiotics help to improve health by balancing the number of ‘good’ and ‘bad’ bacteria in the intestine. They’re the opposite of antibiotics—which kill bad bacteria. Probiotics are commonly used in treating stomach bugs‚ having shown the most impact on infants with diarrhoea. Probiotics have been shown to decrease the duration
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Executive Summary The soft drink industry is a highly competitive business fighting for market space in which there are dominant companies controlling the business. Coca-Cola and Pepsi Co. are the two largest companies that set the standards for nearly everything in the industry. These two companies compete heavily with each other in terms of advertising to gain market share‚ which smaller companies are left with attempting to be very creative and finding niche markets to attract customers. They
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