Generally‚ the term cost of production refers to the ‘money expenses’ incurred in the production of a commodity. But money expenses are not the only expenses incurred on the production of a commodity. There are number of services and inputs such as entrepreneurship‚ land‚ capital etc.‚ which are offered by an entrepreneur without changing any price or receiving any payment for them. While computing the total cost of production‚ allowance should be made for such expenses. It is therefore essential
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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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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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Documents signed with compliant e-signature software have the same legal validity as traditional pen-and-paper contracts. Learn more about e-signature law. E-signature is a technology that brings a host of benefits to businesses and consumers. Also known as electronic signature and digital signature‚ this software enables users to fill out and sign documents online‚ from home or office‚ using any web browser. • Saves time • Closes deals faster • Improves customer experience • Eliminates paper and
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AU G U S T 2 013 b u s i n e s s t e c h n o l o g y p r a c t i c e Enhancing the efficiency and effectiveness of application development Software has become critical for most large enterprises. They should adopt a reliable output metric that is integrated with the process for gathering application requirements. Michael Huskins‚ James Kaplan‚ and Krish Krishnakanthan Most large companies invest heavily in appli cation development‚ and they do so for a compelling reason: their
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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MAYAN ART AND ARCHITECTURE Art for the Mayans was a reflection of their lifestyle and culture. For the Mayans art took several forms including: painting paper‚ plaster‚ carvings in wood and store‚ clay‚ stucco models‚ and terra cotta figurines from molds. Metal was very scarce and so it wasn’t commonly used. Mayan Art during the period‚ 200 to 900 has been considered the most sophisticated and beautiful of the New World. There is few remaining Mayan Art‚ which includes funerary pottery‚ ceramics
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College of Engg‚ Final Year ‚ EEE ___ Secondary School Pass – 83.5% Intermediate Pass – 83.8% Rainbow Real Estates – Sales Executive( Was responsible for creation of promotional brochure and marketing) HOGBUNS Pvt Ltd – This is my own company which I started in 2009. I the main product is organic papaya. None Fixed time commitments for the coming year (academic or otherwise) AIESEC Experience__________________ ___ 1. Give details of positions held in AIESEC and biggest learning from
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5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. 1. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves Graph AFC‚ AVC‚ ATC‚ and MC. Explain the derivation and shape of each
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communication media‚ including twisted pair wires‚ wireless‚ fiber optics‚ Ethernet‚ telephone modems‚ cell phones and microwave. This means that a MODBUS connection can be established in a new or existing plant fairly easily. In fact‚ one growing application for MODBUS is providing digital communications in older plants‚ using existing twisted pair wiring. In this white paper‚ we’ll examine how MODBUS works and look at a few clever ways that MODBUS can be used in new and legacy plants. What
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