Target Costing on Mercedez – Benz Mercedes-Benz (MB) is one of the world ’s most successful car manufacturers since its establishment in 1886. They used target costing in the design and production of one of its products‚ the M-Class‚ which is a new sports utility vehicle model‚ in response to their first time suffering loss in 1993 because of cost inefficiency and problems with material purchasing and adapting to market changes. MB started developing a range of new products such as the C-Class
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AND ABSORPTION COSTING Marginal costing is a technique in which production units are valued at marginal cost of production and fixed costs are written off as period costs. It follows that‚ stocks are valued using only the variable cost of production whereas fixed costs are treated as relating to the period and must be taken off in total. Management accounting is based on marginal costing. TERMINOLOGY USED. Gross contribution: Is the difference between sales value and variable costs of sales
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US GAAP versus IFRS Due to the controversy economies have had towards which method to use for accounting‚ there has been a compromise to converge the two most commonly used methods – GAAP and IFRS. However‚ these two methods are still very different. The convergence project has yet to be completed; in the meantime‚ more and more countries are running towards the IFRS since it is more reliable and relevant. The main difference between these two methods is the US GAAP is rule-based while the IFRS
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Global Variables This writing assignment will focus on global variables. A global variable is a variable every module in a program can see‚ meaning that the entire program is its scope (Gaddis‚ 2010). There are both advantages and disadvantages to using global variables and it is my intention to explore some of them here‚ starting with the disadvantages. There seems to be a lot to be said about the disadvantages of using global variables. First and foremost the scope itself can be a disadvantage
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Group Assignment (Groups of five) a) Come up with a research topic b) From the topic indicate the following 1) The dependent variable 2) The independent variable 3) The extraneous variable 4) The Moderating variable 5) The Intervening Variable Research Topic Impact of a tattoo on a helping request‚ Strohmetz‚ D. B.‚ & Moore‚ M. P. (2003‚ March) A psychologist wondered how people would respond to people with tattoos‚ so he studied
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Two Variable Inequality Katherine Courtney MAT221 Phil Le August 25‚ 2013 Inequalities are equations that can be used to determine not just what something could equal but what something cannot equal. It tells us what the relative size is of two values and if they are big or small‚ too much or not enough. Inequalities could make it easier to determine how much someone might need of something in order to make a certain amount of something‚ while also determining
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Gays and lesbians should not be allowed to adopt. Kids need both male and female role models in their lives. A girl needs her mother to teach her how to be a woman and how take care of her self; She also needs her father to caution and protect her. While a boy needs his father to teach him how to be a man and he needs his mom to teach him how a woman should be treated. Having two parents of the same gender is just like having one parent because‚ neither one of them can play the role of the opposite
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Measuring haemodynamic variables using different techniques and examining the effects of diving reflex‚ isometric muscle contraction and psychological stress on these variables. Introduction Haemodynamics is the study of factors that determine the movement of blood (Widmaier et al‚ 2011). The main haemodynamic factors are heart rate and blood pressure. Heart rate is defined as the number of times the heart contracts per minute. Normal resting heart rate in adults ranges between 60 – 100 beats
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of seventeen have a curfew of 10 pm Sunday through Thursday and 12 am on Friday and Saturday. The curfew ensures that all students should have no business in a public place or out on the streets late at night. There are obviously some valid reasons why this is enforced and I am completely in favor of this decision. Many dangerous kinds of people come out late at night to see if they can get kids into some kind of trouble. Kids get kidnapped‚ raped and killed out in the open because its dark and
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Latasha Thomas January 20‚ 2013 HSM 260 Jerome Anderson Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1‚011 meals to reach their
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