ASSIGNMENT 1 : BASIC COST CONCEPT NAME : MATRICS NUMBER : ANSWER Q1 : Product cost is a cost related to the goods that were purchased in order to produce the certain product. Product cost is important to value the inventory of manufactured goods until the goods are sold. The cost of manufactured inventory are product cost. All cost incurred in manufacturing finished goods are stored in inventory until the product are sold. The product cost of the inventory sold become cost of goods sold
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Cost Variance Analysis Presented by : Edmund C. Cabrera MBA Student Universidad de Manila Definitions STANDARD COSTS – are predetermined or target unit costs of production which should be attained under efficient conditions. It is the amount and costs of direct material‚ direct labor‚ and factory overhead required to produce one unit of finished product. STANDARD COST SYSTEM – is an accounting system which uses standard costs rather than actual costs to account for units as they flow through
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FRANGOR SPA: STRATEGIC COST ANALYSIS FOR PROFIT RECOVERY by Riccardo Silvi Preliminary draft A) Overview and Strategic Financial Analysis Mr. Paolo Frangor was standing in front of the big window of his office. From there‚ he could see the wide square and the part of the building where the products -- machines for agriculture (rotary tillers‚ spading machines‚ harrows‚ …) -- were produced. He was satisfied with this new location. The bigger dimension‚ indeed‚ could help his employees do a better
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Historical Cost Mean? A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when it was acquired by the company. The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP). Cost concepts and terms 1. Cost The amount of expenditure (actual or notional) incurred on or attributable to a specified article‚ product or activity is referred to as cost. 2
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The Cost of Capital 1 Background As investors desire to obtain the best/highest return on their investments in securities such as shares (Equity) and loans to companies such as debentures (Debt)‚ these returns are costs to the companies paying these Dividends (on equity) and Interest (on Debts)! It all depends on the perspective from which we chose to view the calculation (are we Earning or Paying?) Companies MUST consider the cost of financing they receive in the form of equity or debt if they
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Marriott cost of capital Objective: 1) Calculate the divisional and the company cost of capital and explain the calculation. 2) Evaluate Marriott’s use of company cost-of-capital rate for the individual divisions. Cost of Capital for Lodging Division can be expressed as CC = We*Ce + Wd*Cd. For the weights of debt and equity (We and Wd)‚ the 1988 target-schedule rates of debt-to-assets and debt-to-equity were used as the only measures available in the case. Cost of Equity
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Assignment 2 (20 points) Assignment 2: Costs and Profit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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Allocation of Fixed Costs ACC 403 Principles of Accounting The articles describe two different approaches: Lean accounting and activity based costing. Both have pros and cons and the selection of "what is best for allocating IT" likely rests with the culture and types of businesses. I personally believe that activity-based costing‚ which essentially casts IT as a variable cost‚ making users sensitive to the requests they make of IT because every request is an incremental cost to their budget
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Title: “INTEGRATION OF GREEN TECNOLOGY AND RAIN WATER HARVESTING INTO LOW COST HOUSING” Authors: Prof: Siddesh K Pai –DME‚ DBM‚ BE Mech‚ PGP PEM‚MIM - Assistant professor – National Institute of construction Management & Research(NICMAR) – email: siddeshp@nicmar.ac.in ‚ Cell: 8888830544 MR. KAUSHIKCHANDRA.L - BE( CIVIL Engg) ‚ Post graduate program in Advance construction management ‚ Student @ National Institute of construction Management & Research(NICMAR) MR. VIJAY KASULA- BE(
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Opportunity cost is often to be determined when coming across decision-making. Throughout this essay‚ the term ‘opportunity cost’ will be reviewed in the case of pregnant women staying home during their maternity leave. The essay will be divided into 3 part. Firstly‚ concept of opportunity cost will be defined and explained with daily examples. It will then go on investigating both the opportunity cost and benefits of mothers staying home during their maternal leave. Finally‚ several advices will
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