individual can accomplish all his/her aims in life. Education should enable the individual to use the full potential of the body; mind and spirit... should develop the ability to make the best use of his personality‚ surroundings and circumstances in order to accomplish the maximum in life for himself and for others. The aims of education are to foster the individual’s inner freedom and development towards the following: self-initiated action and acceptance of responsibility for one’s own actions‚ self-direction
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Marginal Costing vs Absorption Costing Marginal Costing and Absorption Costing are methods which are often used to prepare profit statements‚ value inventory and assist in pricing decisions. The methods have some notable differences‚ which can be reconciled though. Absorption Costing absorbs all manufacturing/production costs into inventory valuation. These costs include direct material‚ direct labour‚ direct expenses‚variable production overheads‚ as well as fixed production overheads. On the
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INTRODUCTION Standard Costing became increasingly widespread at the beginning of the 20th century as a system for determining the manufacturing unit cost of a product‚ by setting standard rates and required material quantities for various production processes (Hyer & Wemmerlöv‚ 2002). Drury (2008) state that "Product standard costs are derived by listing and adding the standard cost of operations required to produce a particular product." The popularity of this technique increased significantly
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Marginal Costing Introduction The Cost of a product of comprises of materials‚ labour‚ and over heads. On the basis of variability they can be broadly classified as fixed and variable costs. Fixed costs are those costs which remain constant at all levels of production within a given period of time. In other words‚ a cost that does not change in total but become. Progressively smaller per unit when the volume of production increases is known as fixed cost. it is also called period cost eg. Rent
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supportive efforts. TABLE OF CONTENTS WHAT IS A COMPANY? ……………………………………………………………………………….. KINDS OF COMPANIES ……………………………………………………………………………….. COMPANIES ORDINANCE‚ 1984 …………………………………………………………….. WHY IS IT IMPORTANT TO REGISTER A COMPANY? ………………………………… SECURITIES COMMISSION OF PAKISTAN (SECP) ………………………………………….. THE FORMATION‚ INCORPORATION AND REGISTRATION OF A COMPANY ……. PRE-INCORPORATION STAGE ……………………………………………………………………….. FORMATION OF A COMPANY (FLOW-CHART) …………………………………………… MEMRANDUM OF ASSOCIATION……………………………………………………………………
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2004 America’s Most Admired Companies 2014 World’s Most Admired Companies 1. Wal-Mart 1. Apple 2. Berkshire Hathaway 2. Amazon 3. Southwest Airlines 3. Google 4. General Electric 4. Berkshire Hathaway 5. Dell 5. Starbucks 6. Microsoft 6. Coca-Cola 7. Johnson & Johnson 7. Walt Disney 8. Starbucks 8. FedEx 9. FedEx 9. Southwest Airlines 10. IBM 10. General Electric The following method is how Fortune determines the most admired list. First‚ Fortune magazine starts with 1‚400 companies and then 1‚000
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Article 32 TARGET COSTING FOR NEW-PRODUCT DEVELOPMENT: PRODUCTLEVEL TARGET COSTING Robin Cooper and Regine Slagmulder Editors’ Note: This article is an updated synthesis of in-depth explorations contained in Target Costing and Value Engineering‚ by Robin Cooper and Regine Slagmulder (Portland‚ Oregon: Productivity Press‚ 1997). Part two of the series discusses product-level target costing; part three‚ to be featured in an upcoming issue‚ will address component-level target costing. tomers. Consequently
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1.Respondents that uses different types of water at home. On this survey‚ we included on what type of water did the prospected customer uses at home and for us to innovate and established a well-organized business. Based from the tabulated results‚ it shows that our proposed business "AQUA BEST PURIFIED DRINKING WATER" fits to needs of our prospected customer since 90% of them uses purified drinking water at home. 2.Respondents way in refilling Purified drinking water. On our survey
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The question being addressed in this lab is which ingredient will produce the most bubbles? If baking powder‚ baking soda‚ and salt are added to different test tubes of sugar water‚ then baking soda will have the most effect on the rate of fermentation (create the most bubbles). This hypothesis is rejected. Based off of data‚ the hypothesis was rejected. The ingredient that produced the most bubbles was baking powder. In the experiment finishing at 20 min.‚ the control had 2.5 cm of bubbles produced
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Chapter 4 Standard Cost Learning Objectives * To understand the meaning of standard costing‚ its meaning and definition * To learn its advantages and limitations * To learn how to set of standards and determinations * To learn how to revise standards Introduction You know that management accounting is managing a business through accounting information. In this process‚ management accounting is facilitating managerial control. It can also be applied to your own daily/monthly
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