Cost/Benefit Analysis Evaluating Quantitatively Whether to Follow a Course of Action You may have been intensely creative in generating solutions to a problem‚ and rigorous in your selection of the best one available. However‚ this solution may still not be worth implementing‚ as you may invest a lot of time and money in solving a problem that is not worthy of this effort. Cost Benefit Analysis or CBA is a relatively* simple and widely used technique for deciding whether to make a change. As its
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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The Double Standard With a Nike basketball shoes‚ and they are double cushion PU soles sold in the world‚ but it became the single cushion when the shoes are sold in China. What’s more‚ the price is 500 yuan higher than abroad. In the U.S.‚ the price is $ 125 (about 800 yuan)‚ and there are two ZOOM cushion. Beijing Industry and Commerce Bureau believes that Nike engaged in "double standards" on the product‚ and the Nike company discriminate Chinese and foreign consumers‚ and it against the Chinese
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economist believe that this has been the worst financial crisis since the great depression. This essay outlines various viewpoints and influences in respect to the paradigm. Firstly it defines‚ Global Financial Crisis (GFC) and the impact it has had on International Accounting Standards in regards to implementation and use of their accounting regulations. It also examines The Fair Value Measurement in accordance to the effect it has on the GFC and how the interpretation of fair value is the problem
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The Beauty Standard "Does this make me look fat?” Everyone at one time or another has experienced this iconic question in some way. Your best friend may have asked it‚ as she was getting ready for a date or maybe you muttered these words to yourself as you stared disapprovingly into a mirror; either way‚ this six-word question alludes to a standard of beauty that everyone strives to meet. A standard of beauty that is almost impossible to meet. The definition of beauty has evolved greatly over
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There are generally considered to be seven standards a piece of literature should abide to in order to be considered ’literary’. If a piece of writing is considered ’literary’ this usually suggests that it is a scholarly article or classical writing that is extremely well written and is very informative. Literary writing can be intellectual and contain a lot of cleverly hidden meanings which ensure the writing can be enjoyed and studied on many different levels and often still enjoyed many years
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decisions. What makes accounting information useful for decision-making? The answer is however the accounting information confirms to the qualities that should be possessed by the financial and cost & Managerial reporting. In view and addition to this‚ the importance of strategic cost management and costing techniques like Activity based costing should not be underestimated. This implies that organization should be installing appropriate framework of strategic cost management to reduce its costs in key
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Standard Deviation (continued) L.O.: To find the mean and standard deviation from a frequency table. The formula for the standard deviation of a set of data is [pic] Recap question A sample of 60 matchboxes gave the following results for the variable x (the number of matches in a box): [pic]. Calculate the mean and standard deviation for x. Introductory example for finding the mean and standard deviation for a table: The table shows the number of children living
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amongst consumers and fellow companies it is important to maintain a level of quality. Especially for the businesses engaged in export business has to sustain a high level of quality to ensure better business globally. Generally quality control standards for export are set strictly‚ as this business is also holds the prestige of the country‚ whose company is doing the export. Export houses earn foreign exchange for the country‚ so it becomes mandatory to have good quality control of their products
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23R. Olivier Scherer‚ partner in Global ACS‚ looks at some of the issues arising from the application of the revised standard that PwC’s Global Accounting Consulting Services has addressed. IFRS 23R is effective for annual periods beginning on or after 1 January 2009 (in the EU‚ subject to EU endorsement). Earlier application is permitted. General scope and definitions The IASB has amended the list of costs that can be included in borrowing costs‚ as part of its 2008 minor improvement project. Will
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