Jiangsu College of Information Technology International Academy for Business and Administration Logistics cost management Thesis Paper Supervised by: Prof. Dr. Siegfried Harmeling Student’s name: Li Li Student’s number: 05213116 Date: May 31‚ 2008 Synopsis In recent years‚ the logistics industry of China is developing rapidly. Even some big-size enterprises fizz in the first‚ second and third industry. It has become the huge and complex industry. The status of the logistics
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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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What Makes a Marketing Professional Successful? Marketing is not only making customers interested in buying a product and spreading your brand throughout the world‚ but also about building long lasting relationship based on trust‚ because the clients feel interested to buy your products trusting on your words and you must believe in honesty to be the best policy. Some people may think this as an impossible proposition because the immediate fruit of honesty in all occasions of business is not
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the most extensive steel empire in the world. It is important to know who you are so that you can make the decisions crucial for your success‚ just like Carnegie. Carnegie’s uncle recommended Carnegie to become a telegraph messenger boy in the Ohio Telegraph Company. Carnegie could have chosen another job to begin his career‚ yet Carnegie listened to his uncle and made the decision of being associated with railroads because the railroad business was a successful business at his time. Carnegie identified
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change of RELEVANT items ONLY. The company’s calculation is WRONG‚ as it takes into concern of irrelevant fixed cost. By double-counting depreciation‚ other Mfg. overheads‚ SG&A in Sunday’s cost; it distorts the P&L sheet. To correctly show cost structure for decision making‚ there are two different approaches‚ yet each should reach same conclusion. Approach 1: Differential Cost Approach As suggested in case‚ by producing 4 unites on Sunday‚ total depreciation‚ total Mfg. overhead and SG&A
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MANAGERIAL AND COST ACCOUNTING LARRY M. WALTHER & CHRISTOPHER J. SKOUSEN DOWNLOAD FREE TEXT BOOKS AT BOOKBOON.COM Managerial and Cost Accounting © 2009 Larry M. Walther‚ under nonexclusive license to Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted‚ and the exclusive property of Larry M. Walther or his licensors (all rights reserved). ISBN 978-87-7681-491-5 Download free books at BookBooN.com 2 Managerial and Cost Accounting
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merchants‚ the change of delivery date would affect the bottom line price of the widget‚ therefore considered big deal‚ a consent is need in writing for this modification to be binding‚ therefore this modification is not binding 2. In Question 1‚ what effect‚ if any‚ would the following telegram have? International Widget: In accordance with our agreement of this date you will deliver the one thousand previously ordered widgets within thirty days. Thank you for your cooperation in this matter.
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OVERHEAD COSTS ACCOUNTING Overheads are indirect costs which can not directly be traced to cost units. The task of the cost accountant is to charge these overhead costs to cost units/products. There are two approaches of charging overhead costs to cost units Viz i. Traditional/conventional absorption costing method and‚ ii. Activity Based Costing (ABC) Classification of overheads Overheads can be classified as production or non production overheads. Production overheads are those incurred
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their own loyal customers consist of traders and restaurants and they are mostly located in Terengganu. Therefore‚ the competition between all spices manufacturer and producer in Terengganu is very tough due to small target market. They were not successful in exploring more market due to highly dependence in traditional way of doing business‚ which is trading in bulk offline and lack of exposure to bigger market (online). Therefore‚ it is the best way forward and action for SMEs in spices business
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"Why am I not successful as other people and feel as if I have missed something important that prevents me from triumph?" It is a question that always pops in the mind of some people who are frustrated with obstacles in their way to success. As long as they know the secret features that all successful people share‚ their obstacles will be much easier to handle readily. The three major causes to become successful are attitude‚ personality and ability to plan. A positive attitude toward difficulties
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