product costs are the direct materials‚ and manufacturing overhead that are involved in acquiring or making products. Products costs are assigned to an inventory account on the balance sheet and considered to be assets. When the goods are sold‚ the costs are released from inventory and are recognized as expenses in the income statement. Period costs are all the costs that are not included in product cost‚ such as advertising‚ executive salaries‚ and other nonmanufacturing costs. These costs are expenses
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Facility Planning Part I Michelle James HCS/446 August 26‚ 2013 Hanna Matatyaho Facility Planning Part I There is a facility in Plaquemine‚ Louisiana that is extremely new to the town. The name of this facility is Ochsner of Plaquemine. This clinic is an obstetrics and gynecology (OBGYN) clinic. “The Ochsner Women’s Services team provides a range of services from pregnancy and childbirth to routine exams. For expecting moms‚ the team provides a variety of childbirth options including alternative
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Making a Decision Lorraine Gambino HCS/514 January 25‚ 2015 Louis Kastner Making a Decision Planning is a manner of deciding what to do in the present-day that would have an impact on the future and its desired outcomes and making decisions can posses some uncertainty. Planning entails having the right goals and deciding on how to achieve them‚ by making assumptions‚ developing ideas‚ and reviewing alternative methods to achievement. Making a decision for a large organization requires adequate tools
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The Cost of Turnover Putting a Price on the Learning Curve by Timothy R. Hinkin and J.BruceTracey Employee turnover does more than reduce service quality and damage employee moraleit hits a hotels pocketbook. E mployee turnover has long been a concern of the hospitality industry‚ and therefore of researchers who examine industry human-resources concerns. One stream of research that arose in the past 20 years was an effort to quantify the cost of employee turnover. Although most managers
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COST ANALYSIS OBJECTIVES INTRODUCTION MEANING DEFINITIONS TYPES OF COSTS MONETARY COSTS REAL COSTS OPPORTUNITY COSTS ECONOMIC COSTS ACCOUNTING COSTS INCREMENTAL COSTS SUNK COSTS FUTURE COSTS PRIVATE‚ EXTERNAL AND SOCIAL COSTS FIXED / SUPPLEMENTARY / OVERHEAD COSTS VARIABLE / PRIME COSTS REPLACEMENT COSTS PRODUCTION COSTS SELLING COSTS CONTROLLABLE COSTS DIRECT COSTS INDIRECT COSTS SHORT RUN COSTS CURVES LONG RUN COSTS CURVES OBJECTIVES To understand the meaning of cost. To discuss different types
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segments and the retail outlets. There are a number of factors on which quality fitness of garment industry is based such as - performance‚ reliability‚ durability‚ visual and perceived quality of the garment. Quality needs to be defined in terms of a particular frame¬work of cost. The national regulatory quality certification and international quality programmes like ISO 9000 series lay down the broad quality parameters based on which companies maintain the export quality in the garment and apparel
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Facility Planning Part 1 Pediatric Cardiology Clinic I chose to develop a plan for a pediatric cardiology clinic in our local area‚ the need for the clinic is very great due to the fact that the old cardiology clinic has closed down and there are no other pediatric cardiology clinics within at least a two hour drive from here. This clinic is an outpatient clinic that will be open from 8am to 5pm and closed on the weekends‚ with an emergency line for patients needing to speak to the cardiologist
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of the decision making unit (DMU). According to the Financial Times‚ the DMU is a group of people in a company or organization involved in making an important decision especially about buying something. It is also known as the buying centre which is a collection or a team of individuals who participate in a buyer decision process. The design of the decision making unit of an organization is in a cross functional manner such that there is maximization of knowledge from the different relevant parties
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A M BORISON Applied Decision Analysis. Inc. 27W Sand Hill Road Mcnio Park. California 94025 Oglethorpe Power Corporation (OPC) provides wholesale power to consumer-owned distribution cooperatives in Georgia. Late in 1990‚ OPC managers learned that Florida Power Corporation wanted to expand its connections to Georgia with another transmission line. To decide whether to build this line‚ OPC worked with Applied Decision Analysis‚ Inc. to conduct a comprehensive decision analysis in less than two
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with the cost drivers in place‚ we are ready to calculate Auntie Wuni’s monthly costs. • Leave a row under the Spaghetti: Px/box row and create a subtitle ‘Total Cost of Ingredients’ in cell B28 • Hit Ctrl-B on cell B28 to render the title in bold • Starting from cell B29 and moving downwards‚ populate the cells in this section simply with the name of the ingredients‚ i.e. Oil; Tomatoes; Rice; Pepper; Fish; Cow-leg; Beans; Spaghetti. • Now move the cell highlighter to cell C29‚ which is the cell
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