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
Premium Cost accounting Management accounting Costs
order to make long-term investments in new product lines‚ new equipment and other assets‚ managers must know the cost of obtaining funds to acquire these assets. The cost associated with different sources of funds is called the cost of capital. . If the business earns more than its cost of capital‚ the market value of the business will increase. Likewise‚ if returns on long-term investments are below the cost of capital‚ market values will decline. Therefore‚ how we manage capital is extremely important
Premium Interest Capital structure Pharmaceutical industry
ROLE OF SCHOOL BUSINESS MANAGER Cathedral Preparatory Seminary by its very nature is called to a mission and is a business. Its business is to bring people to Christ and Christ to people. Cathedral effectively is successful through proper worship of God‚ creation and support of Christian community‚ proclamation of the Good News‚ teaching the saving mission of Christ and service to all. Because this call is fundamental to the Seminary‚ all Catholic faithful are expected in some way to assist
Premium Finance Budget Budgets
of relations: The nature of relations can be seen through two different perspective views which are Pluralist and Unitarist. There is a clear distinct difference between both because the personnel manager‚ the focus is more on individualistic where individual interest is more than group interest. Here‚ HR manager through a shared vision between management and staff create a corporate vision and mission which are linked to business goals and the fulfillment of mutual interest where the organization’s
Premium Human resource management Management Organizational studies and human resource management
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
Premium Costs Cost driver Cost
Marketing Management The eight states of demand and their impact on the marketing mix ESLSCA-41C‚ Winter13071 Group 4: - Ahmed Salem EL Gandour - Robert Raouf Helmy Tawadrous - Samer Mohamed - Sherif Ezzat - Waheed Ghobrael Table of Contents 1- Assignment description …………………….…………………...………………….1 2- Negative demand (Robert)………..………….………………..…………………….2 3- Nonexistent demand (Robert)…..……………...…….……..……………………..3 4- Latent demand (Ahmed)…………………….…
Premium Marketing
Company: Waterproofing Company Address: Badr Industrial City‚ Cairo Egypt. Presented To: Dr. Mohamed Aly A. Fattah Presented By: Hany Maher El – Nahas Peter Lotfy Ayman Tarek Ali Shenouda Bertel Ramy George Haitham Hamed Company Overview: Modern Waterproofing Company is a leader in the Middle East region in the field of manufacturing
Premium Strategic management Inflation Marketing
The historical cost accounting is an accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. It is usually used in combination with other measurement bases. For example‚ inventories are usually carried at the lower of cost and net realizable value‚ on the other hand marketable securities are usually carried at market value‚ and entities prefer to carry pension liabilities at their present value. The main advantage of using
Premium Balance sheet Generally Accepted Accounting Principles Depreciation
SUGGESTIONS FOR IMPROVING YOUR READING SPEED* Speed Reading is a method of improving reading ability‚ enhancing both the speed at which a text can be assimilated‚ and the level of understanding of the material. Rapid reading‚ effective reading‚ reading dynamics‚ quicker reading‚ faster reading‚ speed learning‚ power reading‚ reading genius‚ photo reading all these titles have been used to describe techniques for speed reading. Applying speed-reading techniques gives the following benefits:
Premium Reading
Re-launch NIVEA FOR MEN. NIVEA re-launched the NIVEA FOR MEN rang in 2008 in order to increase its UK market share for NIVEA FOR MEN and to achieve a greater market penetration for male skincare products. NIVEA marketing team developed a marketing plan which contains list of actions that at the end satisfying the customer needs. Several marketing researches were conducted to strength the brand’s core values to get more women and men to think of NIVEA as first choice for skincare. NIVEA used the following
Premium Marketing